Shares of U.S. oil major Chevron Corp on Wednesday hit an all-time high amid a strong stock market rally and ahead of the release of Chevron's fourth-quarter financial results Friday.Shares of most major producers rose after oil touched $90 a barrel for the first time in seven years on Wednesday…
Siemens Energy has stepped up efforts to explore a full integration of wind turbine business Siemens Gamesa, sources told Reuters, after profit warnings and share price slumps last week exposed flaws in the current ownership structure.The company…
Germany could find itself in a no-win situation if Russia invades Ukraine, pitting Berlin's main gas supplier against its most important security allies.Chancellor Olaf Scholz would face pressure from the United States and other Western allies…
Woodside Petroleum Ltd joined on Thursday multinational oil majors Chevron Corp and TotalEnergies in their plans to exit Myanmar, nearly a year after a military coup plunged the Southeast Asian nation into turmoil.Myanmar has faced unrest since…
The British government said on Tuesday it will commit nearly 32 million pounds ($42 million) to fund the development of floating offshore wind projects to help lessen its dependence on gas, the price of which has increased sharply.The 31.6 million…
Exxon Mobil Corp on Tuesday reported a fourth-quarter profit of $8.87 billion, its largest in seven years, as the top U.S. oil producer benefited from strong energy prices.The company slashed spending after fuel demand cratered two years ago and…
OPEC+ agreed on Wednesday to stick to moderate rises in its oil output, two sources from the group said, despite pressure from top consumers for a bigger increase in supply after crude prices hit seven-year highs.The Organization of the Petroleum Exporting Countries and allies led by Russia…
Struggling wind turbine maker Siemens Gamesa on Wednesday named a new chief executive for the second time in less than two years, more than 10 days after issuing the latest in a series of profit warnings.Jochen Eickholt, management board member of Siemens Gamesa's German parent Siemens Energy…
Norwegian offshore wind services company Edda Wind has ordered three more Commissioning Service Operation Vessels (CSOV) in addition to the six vessels the company has under construction. The vessels are designed for service operations during the commissioning and operation of offshore wind farms…
Norway's trade surplus rose to a new record in December, boosted by soaring prices for its natural gas exports, national statistics agency data showed on Monday.The December surplus hit 106 billion Norwegian crowns ($12.09 billion), beating a previous record of 84…
Brazilian oil company Enauta has agreed to buy FPSO OSX-2 for the Definitive System (DS) of the Atlanta oil field in the Santos Basin, offshore Brazil.The completion of the acquisition is contingent on compliance with the agreed contractual…
Chevron Corp on Friday reported a fourth-quarter profit, which missed estimates by analysts on weaker than expected oil and gas production that outweighed gains from recovering prices. Its shares slid in pre-market trade.The first major oil…
The Norwegian government said on Friday it has raised its projected fiscal spending for 2022 as it seeks to compensate businesses affected by coronavirus lockdown measures and subsidize households hit by a surge in electricity prices.The center-left minority coalition now plans to spend 355…
Brazilian oil firm Enauta has cut investment in the Santos basin's Atlanta field, as it decides whether to involve new partners in the asset, the company's president, Décio Oddone, told Reuters.After a review of the project's concept, based on lessons learned…
UK-based offshore services business OEG Offshore said Tuesday it had acquired Manor Renewable Energy for an undisclosed fee, in a move to expand its renewables capability.The company said that the acquisition of the temporary power, engineering and vessel business…
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