U.S. oil major Exxon Mobil Corp is suing the European Union in a bid to force it to scrap the bloc's new windfall tax on oil groups, arguing Brussels exceeded its legal authority by imposing the levy.The windfall profits tax is 'counter-productive'…
Poland and the three Baltic countries, Estonia, Latvia and Lithuania, present a significant opportunity to expand offshore wind generation beyond the Baltic waters of Denmark, Germany and Sweden. Driven by the need to decarbonize energy supply and increase energy security…
Marine services company James Fisher and Sons said it has sold another one of its dive support vessels (DSV) to India-based Seamec Limited.The U.K.-based firm announced on Wednesday it entered into a memorandum of agreement for the sale of the 2007-built…
UK North Sea oil producer Serica Energy has agreed to buy Tailwind Energy Investments Ltd ('Tailwind') from Tailwind Energy Holdings LLP.The consideration for the acquisition comprises the issue of up to 111,048,124 new ordinary shares in Serica…
The total volume of natural gas Turkey has discovered in the Black Sea now amounts to 710 billion cubic meters (bcm) after a new field was located and a previous find was revised higher, President Tayyip Erdogan said on Monday. Speaking after a cabinet meeting…
Swedish energy firm Vattenfall said Wednesday that the capacity for the Norfolk Offshore Wind Zone in the UK would be increased to more than 4.2 GW.Vattenfall said that the expansion would not have any extra impact on local residents, with the construction taking place within existing plans…
Norwegian offshore vessel operator Solstad Offshore said Friday it had secured letters of awards from multiple unnamed subsea contractorsfor the hire of the construction support vessel Normand Maximus for the execution of projects during 2023…
Tidal energy developer Minesto said Thursday it had installed additional offshore infrastructure in Vestmannasund, Faroe Islands, to double electricity production from two Dragon 4 (100kW) tidal energy power plants in an array set-up.The company…
Qatar Energy has sold five cargoes of al-Shaheen crude loading in February at premiums of between $1.30 and $1.50 a barrel to Dubai quotes via its monthly tender, two trade sources said on Friday.The premiums are the lowest since June 2021 and…
Norwegian oil firm Aker BP and its partners will invest more than 200 billion crowns ($20.5 billion) to develop several oil and gas fields off Norway in the coming years, the company said on Friday. Aker BP and other oil firms working off Norway…
The Norwegian oil and gas company Equinor has brought online the second phase of the giant Johan Sverdrup oil field in the North Sea, off Norway. Production started at 11:15 a.m. local time, on Wednesday, December 15.At plateau, the Johan Sverdrup field will produce 720…
Britain's recent increase in a windfall tax on the oil and gas sector has pushed Harbour, the UK North Sea's biggest oil and gas producer, to review its capital allocation plans and shun an ongoing licensing round in the basin.Britain's first…
Norwegian offshore energy engineering and construction company Aker Solutions has signed a Letter of Intent (LOI) with the oil firm OKEA for the electrification of OKEA's Draugen offshore platform. The Draugen oil field sits in about 250 meters of water…
Former Elliot Management activist fund manager Franck Tuil on Thursday told Wood Group to buy back some of its stock to avoid becoming a takeover target, sending shares in the oil services provider up by the most in six weeks.It is the first public campaign for his $600 million multi-strategy fund…
Germany is bleeding cash to keep the lights on. Almost half a trillion dollars, and counting, since the Ukraine war jolted it into an energy crisis nine months ago.That's the cumulative scale of the bailouts and schemes the Berlin government…
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