Indian Oil Corp, the country's top refiner, said on Thursday it would resume purchases of Iranian oil if Washington lifts sanctions against Tehran over its disputed nuclear program.The European Union official leading talks to revive Iran's nuclear…
U.S. oil majors Exxon Mobil Corp and Chevron Corp on Thursday branded Australia's proposed industry-wide levy to cover the cost of decommissioning an offshore oil field, which neither has had any stake in, as 'arbitrary' and 'disappointing'…
Jon Landes comes with 25 years’ experience in the energy industry. As President, Subsea, Landes has global responsibility for TechnipFMC’s subsea business he’s now in a great place to tackle how we can embrace and shape the energy transition with sustainable solutions…
Maersk Drilling sold two oil drilling rigs to U.S.-based energy infrastructure company New Fortress Energy Inc (NFE) which it will convert into floating liquefied natural gas (LNG) facilities, the companies said on Monday.Maersk sold the jack…
French workboat operator Atlantique Maritime Services (AMS) has acquired a Fast Crew Supplier from the Dutch shipbuilder Damen.The Damen FCS 2610, named JLD Jayce, will be the first Damen Crew Transfer Vessel fully dedicated to the French offshore wind industry…
Renewable energy will account for a far larger share of global supply in 2050 than major oil companies or the International Energy Agency (IEA) expect, Oslo-based consultancy Rystad Energy said on Thursday.Its updated models show renewables meeting 74% of total energy demand by 2050…
Australia has stunned the oil industry with a levy to cover the estimated $200 million cost of removing facilities and cleaning up the area around an oil field off northwest Australia after the small company that owned the project collapsed…
French oil services group CGG posted a 71% plunge in first-quarter core profit on Wednesday, reflecting a year of drastic spending cuts by the oil industry in the pandemic and sending its shares sharply lower.In a call with analysts, CEO Sophie Zurquiyah said the quarter had been slow as expected…
Offshore wind installation company Eneti Inc, until recently known as Scorpio Bulkers, has entered into a binding agreement for the construction of one Wind Turbine Installation Vessel. The vessel will be built by South Korea's Daewoo Shipbuilding and Marine Engineering…
North Sea-focused oil and gas company NEO Energy, backed by HitecVision, on Wednesday announced its plan to cut carbon emissions from its operations. The company, which in February agreed to buy ExxonMobil's Northern North Sea fields off the UK in a transaction valued at more than $1 billion…
Denmark-based Enelift, a lifting solutions provider for the energy industry until recently known as Global Offshore, on Thursday announced expansion plans that will see the company invest 'a seven-figure sum' into its operations and establish new support hubs in Houston…
Italian oil company Eni and Australia-based Santos on Monday agreed to jointly seek cooperation opportunities in Australia and East Timor.Under the non-binding memorandum of understanding, the companies will look at potential optimizations, synergies…
Russia's Gazprom on Thursday reported an 89% fall in 2020 net profit to 135.3 billion roubles ($1.8 billion), hurt by lower prices and sales and a huge rise in costs including a foreign exchange-related loss, but it expects a recovery in 2021…
French energy group Total SE posted first-quarter earnings on Thursday close to levels from before the coronavirus pandemic, as higher oil and gas prices boosted its trading business and it increased electricity production.The company, which…
BP's profit more than tripled to $2.6 billion in the first quarter thanks to stronger oil prices and bumper revenue from natural gas trading, paving the way for the energy company to start buying back its shares.The jump in profits from a year…
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