Italian energy group Eni is planning to spin off a minority stake in its new retail and renewable business next year, it said on Friday, after announcing first quarter profits that missed expectations.Several European energy companies, including Spain’s Repsol…
Europe's major energy companies profited from a rise in oil prices to report big increases in first-quarter earnings on Thursday, putting the worst of the pandemic era slump in fuel demand behind them.Last year's demand collapse forced BP, Royal…
After a thorough analyses and mapping of damages, Equinor changed the schedule for repair and start-up of the LNG plant on Melkøya after the fire on September 28, 2020. Due to the comprehensive scope of work and Covid-19 restrictions, the revised estimated start-up date is set to March 31…
Norway's Aker BP posted record first-quarter operating profit and revenue on higher prices and production on Wednesday as the independent oil and gas producer looks to approve several developments this year.Earnings before interests and tax…
Delek Drilling said on Monday it has signed a non-binding deal to sell its stake in the east Mediterranean natural gas field Tamar to Abu Dhabi's Mubadala Petroleum for $1.1 billion.The deal, if finalized, would be among the most significant…
British North Sea-focused oil producer EnQuest said it has signed a share purchase agreement (SPA) to purchase Whalsay Energy's 100% equity interest in the P1078 license containing one of the largest undeveloped oil fields in the U.K. North Sea…
Oil and gas company Neptune Energy has started drilling production wells on the Duva field in the Norwegian sector of the North Sea.Neptune is using the Deepsea Yantai a semi-submersible rig operated by Odfjell Drilling to drill four production well on the Duva field…
Oil prices rose on Friday on hopes of a fuel demand recovery in the United States and Europe as economic growth picks up and lockdowns ease, but worries about India's raging second wave of COVID-19 cases kept a lid on gains.Brent crude futures rose 21 cents…
Denmark-based Maersk Decom said Tuesday it has designed a free cost calculating tool for benchmarking decommissioning projects in the North Sea.'Maersk Decom’s cost calculator is the first free tool in the industry, enabling stakeholders to…
Japan aims to double its inter-regional power grid capacity by adding up to 23 gigawatts to help speed expansion of renewable energy such as offshore wind farms, the Nikkei business daily said on its online news site late on Thursday.The move…
A Norwegian appeal court has ordered the offshore accommodation firm Prosafe to pay NOK 465 million (~$55,49 million) to Westcon Yards, overturning the Stavanger District Court's order from 2018, related to a conversion work on an offshore accommodation rig…
Principle Power, a developer of floating foundations solutions for the floating wind industry, has informed that João Metelo, its Chief Executive Officer, has announced his decision to leave Principle Power 'in the near term.' Metelo, who's been with Principle Power for over seven years…
Canada-based offshore robotics company Kraken Robotics has acquired Brazil's 13 Robotics Ltda of Brazil (“13R”).The 13R team, with offices in Rio de Janeiro and Salvador, Brazil, consists of software developers and engineers who have significant…
UK-focused oil company Tailwind Energy has acquired Decipher Energy Limited, an oil and gas company with assets in the UK North Sea.'This acquisition will allow Tailwind to continue to deploy its strategy of exploiting organic production and…
Glamox, a supplier of lighting solutions to the marine and offshore markets, has signed an agreement to acquire the Norwegian company Luminell Group AS.Established in 2010, Luminell develops and provides floodlights, searchlights, and lighting controls in the marine and offshore lighting market…
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