Italy's Prysmian said on Wednesday it would invest a total of one billion euros ($1.1 billion) in the 2022-2024 period.The plan - parts of which had already been announced to investors - includes investments for a new submarine cable factory…
Japan will accelerate its efforts to develop offshore wind power projects, its industry minister said on Friday.Officials in the resource-poor Japan are concerned Russia's invasion of Ukraine and the ensuing surge in oil prices could hit economic growth…
Norway will boost its natural gas output in the coming months, keeping production higher than normal through the summer and delivering bigger volumes to Europe at a time of shortages and soaring prices, Equinor EQNR.OL said on Wednesday.Russia's…
Danish energy firm Ørsted said on Monday it was preparing for potential disruptions to its gas supplies from Russia's Gazprom, due to sanctions, and would give any profits from the contract to humanitarian aid in Ukraine.Ørsted, which is 50…
UK Prime Minister Boris Johnson hosted a meeting with leaders of the UK offshore oil and gas industry on Monday to discuss energy security and investment in the North Sea, his spokesman said.'We've been clear that the energy firms, these suppliers…
Norway's Equinor is ramping up production at its Snorre B platform in the North Sea after shutting it down earlier on Monday following an earthquake, the company told Reuters.'We started on this actually a couple of hours ago already, so we're…
Cornerstone investors Eni and CDP together with a pool of banks are ready to advance 1.5 billion euros of an overall 2 billion euro capital increase to rescue troubled Italian energy service group Saipem, two sources said on Tuesday.Energy group Eni owns 30…
UAE-based oil and gas company Mubadala Petroleum has announced first gas production from the Pegaga gas field in Block SK 320, offshore Malaysia.Mubadala Petroleum is the Operator of Block SK 320 containing the Pegaga field, with a 55 percent interest…
Dutch FPSO leasing company SBM Offshore has divested a 45% stake in the under-construction FPSO Alexandre de Gusmão, bound to be deployed at Petrobras Mero field offshore Brazil'SBM Offshore is pleased to announce that it has entered into a…
Russia has warned it may shut off its main Nord Stream gas pipeline to Germany after Berlin halted approval of a second line across the Baltic Sea in response to Russia's invasion of Ukraine. The comment, from Russian deputy prime minister Alexander Novak…
Iberdrola-owned Scottish Power and Shell said on Wednesday they will invest 75 million pounds ($99 million) in infrastructure and facilities to support the growth of the offshore wind industry in Scotland.The two companies were awarded seabed…
Norway's Equinor has shut its Snorre B oil platform as a precautionary measure following an earthquake in the North Sea, the company said on Monday.It was not yet clear when Snorre B, which produces between 30,000-35,000 barrels per day of oil…
The world's biggest gathering of energy industry leaders kicks off in Houston Monday, as Russia's invasion of Ukraine delivers an oil price shock to the global economy and embattled executives face growing criticism for the industry's role in climate change…
Oil prices spiked to their highest levels since 2008 on Monday as the United States and European allies weighed a Russian oil import ban and delays in the potential return of Iranian crude to global markets fuelled supply fears.In the first few minutes of trade Brent crude reached $139…
China and Russia have grown increasingly close in recent years, including as trading partners, a relationship that brings both opportunities and risks as Russia reels from tough new sanctions led by the West in response to its invasion of Ukraine…
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