A close ally of Russian President Vladimir Putin said on Wednesday there was no reason for Moscow not to destroy its enemies' undersea communication cables given what he said was Western complicity in the Nord Stream pipeline blasts.A sharp drop in pressure on both pipelines was registered on Sept…
Shell will keep oil output steady or slightly higher into 2030 as part of CEO Wael Sawan's efforts to regain investor confidence as the energy giant wrestles with poor returns from renewables while oil and gas profits are booming, company sources said…
Malaysia's state energy firm Petronas sees its domestic oil and gas production peaking at about 2 million barrels of oil equivalent per day (boepd) by 2024, its exploration executives said on Tuesday.About 60-70% of its production is natural gas and will remain so going forward…
Norway's government said on Wednesday it had given approval for oil companies to develop 19 oil and gas fields with investments exceeding 200 billion Norwegian crowns ($18.51 billion), part of the country's strategy to extend production for decades to come…
Brazil aims to pass a regulatory framework for offshore wind and green hydrogen by the end of this year, the country's energy minister told Reuters on Tuesday, as Latin America's largest nation seeks to unlock new sectors to power its energy transition…
Britain's windfall tax on oil and gas producers will not be applied if prices drop below certain levels for six months in a row, the finance ministry said on Friday, in a move the government hopes will boost energy security.The energy profit…
Russia said on Sunday that Ukraine had made unsuccessful attempt to attack a Russian naval ship with six high-speed drone boats as the Russian vessel patrolled major natural gas pipelines in the Black Sea.The 'Priazovye' ship was carrying out…
Sweden hopes to be able to determine who was behind the Nord Stream gas pipeline sabotage by the autumn, the prosecutor leading the country's investigation told Swedish radio.In September 2022, several unexplained underwater explosions ruptured…
After a slowdown in activity during 2020/2021 due to soft commodity prices, demand for FPSOs is picking up.With exploration hotspots like Namibia’s Orange Basin and the East Mediterranean delivering new finds, the FPSO market outlook is healthy…
Russian gas producer Gazprom said that a week of maintenance work on the TurkStream pipeline had ended as scheduled on Monday, Reuters has informed. Gas flows in the pipeline, which takes Russian gas to Europe via Turkey, had been switched off on June 5…
With the cable-laying vessel Isaac Newton, the work vessel Adhémar de Saint-Venant and a remote-controlled cable burial vehicle, the contractor combination Jan de Nul Group/LS Cable & System has completed the installation of the second subsea cable for the offshore wind farm 'west Alpha' completed…
Italian energy group Eni said that synergies from the $4.9 billion acquisition of private equity-backed Neptune Energy could reach $1 billion as the two groups integrate their operations across key geographies. The acquisition announced on Friday…
SBM Offshore has signed the project financing of FPSO Alexandre de Gusmão for a total of US$1.615 billion.The project financing is provided by a consortium of 12 international banks with insurance cover from three international export credit agencies…
Russia's largest producer of liquefied natural gas (LNG) Novatek last year offered technology to build a plant to produce the gas from Argentina's Vaca Muerta field, a highly-placed source familiar with the proposal said, though the talks have since broken off…
Cyprus hopes to develop plans for a pipeline linking it to Israel's east Mediterranean gas fields during talks which start next month, the island's top energy official told Reuters.Proposals by the new centrist Cypriot government, which came to power in March…
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