Equinor on Wednesday reported a bigger-than-expected rise in first-quarter profit, lifted by record output and as oil and gas prices soared in March due to the Iran war.The Norwegian group's adjusted earnings before tax for January-March rose to $9…
Ocean Winds (OW), a 50-50 joint venture between EDPR and ENGIE, has installed the final turbine at its Îles d’Yeu and Noirmoutier (EMYN) offshore wind farm in France.The installation of the final turbine marks the completion of construction works…
Oil and gas producer Sable Offshore said on Monday it was ramping up production across its California assets as more wells come online and a third platform is set to begin operations later this year.Its shares were up 3.7% in premarket trading…
Australia's Santos reported a dip in first-quarter sales revenue on Thursday, hit by a temporary outage at its Barossa offshore gas project and cyclone-related disruptions to port operations on the west coast.The country's second-largest oil…
Golden Pass LNG, a joint venture between QatarEnergy and ExxonMobil, has loaded and shipped its first liquefied natural gas (LNG) cargo from its export terminal in Sabine Pass in Texas, marking a step toward full commercial operations.Golden…
Australia's Woodside Energy said on Wednesday it would review its business to simplify operations and improve accountability, as stronger realised prices helped first-quarter revenue beat expectations despite cyclone-related disruptions.Shares of the firm were up as much as 1…
Portugal's Galp Energia reported a 41% jump in first-quarter adjusted core profit on Monday, beating expectations on higher oil output in Brazil and stronger crude prices.The energy firm reported adjusted earnings before interest, taxes, depreciation…
Brazil's government on Thursday unveiled a bill to be sent to Congress under which additional revenue from higher oil prices, driven by the U.S.-Israel conflict with Iran, would offset cuts to federal taxes on fuels.Planning Minister Bruno Moretti said the proposal aims for full fiscal neutrality…
Ecopetrol has signed a share purchase agreement to acquire about 26% of Brava Energia and plans to launch a tender offer to gain majority control of the company.The agreement covers the purchase of 120,813,490 common shares from a group of selling shareholders…
Workers at Inpex’s Ichthys liquefied natural gas facility in Australia have voted in favour of strike action over pay and conditions, union group the Offshore Alliance said on Friday, in a decision that could exacerbate already tight energy supplies globally…
The European Commission will set out plans on Wednesday to cut electricity taxes and coordinate the summer refill of countries' gas storage, as it seeks to cushion the energy fallout from the Iran war.Draft proposals seen by Reuters show the EU will…
Energean has restarted production from its Energean Power floating production, storage and offloading (FPSO) unit offshore Israel, which returned to normal levels within 48 hours following regulatory approval.The company said it received notice…
The Philippines' Secretary of Energy Sharon Garin on Tuesday said the country has asked the United States to extend a waiver to purchase Russian oil and petroleum products.Garin said the government is optimistic about extending the waiver which expired on April 11…
Global stocks wavered on Tuesday, while oil prices were perched above $110 per barrel as the prospect of escalation in the war in the Middle East and the looming deadline for a deal to be reached kept nervy investors on the sidelines.Markets have been rattled since the U…
LD TravOcean, a subsidiary of Louis Dreyfus Armateurs (LDA) Group, has acquired a DP2 multipurpose support vessel as part of efforts to expand its subsea capabilities.The vessel, SIDDIS Mariner, will be renamed TVO Mariner and is scheduled for delivery in summer 2026…
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