Environmental groups on Tuesday will ask a Norwegian court to block the development of three North Sea oil and gas fields, citing insufficient assessment of global climate impact from future petroleum use.The lawsuit filed by Greenpeace and…
Exxon Mobil CEO Darren Woods' first five years at the oil company were marred by missed oil production targets, an investor rebellion and the company's biggest-ever financial loss.Redemption came this year when - aided by a share price pumped…
U.K.-based energy management and storage technologies company Verlume reports an increasing headcount and sales growth in 2023 across several markets including offshore wind, subsea monitoring and offshore charging. The company said it has increased…
KOTUG said Tuesday it had, via its Guyanese subsidiary KOTUG Guyana strengthened its position in Guyana with the arrival of three additional Offshore Terminal Tugs to support ExxonMobil Guyana’s offshore operations.With the arrival of KOTUG-owned ‘SD Grace’…
Oilfield service provider Expro said Tuesday it had successfully completed a well cement placement project for an unnamed 'large international operator' in the U.S. Gulf of Mexico.Expro said it had delivered an inner-string cementing on a subsea…
UK North Sea-focused oil company Ithaca Energy has completed the acquisition of the remaining 40% stake in the Fotla offshore discovery and three exploration licenses - P.213 Area C, P.345 Area A and P.2536 - from Spirit Energy. The acquisition…
Norway's Equinor has discovered oil and gas four kilometers west of the Oseberg field in the North Sea in two separate formations, the Norwegian Petroleum Directorate said on Friday.The combined volume of crude and natural gas in the Eiriksson and Cook formations was estimated at between 2…
The Norwegian oil and gas company Equinor said Friday it had brought online the Breidablikk field in the North Sea, four months ahead of schedule and within budget, and with higher initial production than expected.Tied back to the Grane platform…
FPSO leasing company BW Offshore said Thursday that the hull of BW Opal, one of the largest FPSO hulls ever built and destined for Santos' Barossa gas project in Australia, had set sail from a yard in South Korea and was en route to Singapore for topside integration…
Finland on Wednesday said China had promised to fully cooperate in the investigation of the destruction last month of the Balticconnector gas pipeline, which happened on the same night that three subsea telecoms cables in the area were also damaged…
Wintershall Dea on Monday reported that its third-quarter net profit slumped 86% year-on-year due to weaker oil and gas prices, unplanned maintenance outages in Norway and the costly loss of Russian business.The company's earnings showed that adjusted net income totalled 61 million euros ($64…
A Russian fibre optic cable under the Baltic Sea was damaged last month only 28 km (17 miles) from where a gas pipeline linking Finland and Estonia was damaged soon afterwards, Russian state company Rostelecom said on Tuesday.Finnish police…
Portuguese oil company Galp Energia said on Monday that its adjusted third-quarter profit rose 12% on year as refining margins almost doubled, offsetting a decline in crude output following the sale of its Angolan fields and lower oil prices…
Italian steel pipe maker Tenaris late on Wednesday posted a 10% decline in third-quarter net profit due to a slowdown in North and South America and lower shipments to offshore projects and Argentina.The company's shares were up 7.9% by 0833 GMT…
Norway, Europe's largest gas supplier, is closely monitoring the progress of a probe into unexplained damage on a Baltic Sea gas pipeline, having already stepped up security at its energy installations after the Nord Stream blasts last year…
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