Work on the Baltic Pipe project in the North Sea has been completed, and the pipeline is ready to ship Norwegian gas to Denmark, info on the project's website shows.Baltic Pipe is a strategic EU infrastructure project led by Danish and Polish…
Austrian energy group OMV said on Friday it would take a 2-billion-euro ($2.17 billion) hit in the first quarter of this year from its business in Russia as it seeks to distance itself from the country after the invasion of Ukraine.Last month…
China's top offshore oil and gas producer CNOOC Ltd. is preparing to exit its operations in Britain, Canada, and the United States, because of concerns in Beijing the assets could become subject to Western sanctions, industry sources said.Ties…
Norwegian company CCB Energy which is working to build a green industrial park at the Energy Park in Øygarden municipality, Norway, is partnering up with carbon capture and storage joint venture Northern Lights to develop a CO2 value chain for the local and regional industry in the area…
Soaring demand for U.S. liquefied natural gas (LNG) as buyers steer clear of Russian fuel is putting some long-stalled U.S. export projects back on track. But rising costs for materials and labor threaten to snarl these plants once again.Two developers with projects sidelined due to the U…
Japan's Mitsubishi Corp and Shell aim to produce 400,000 tonnes of 'green hydrogen' in 2030 through the companies' European offshore wind power project, the Yomiuri newspaper reported on Thursday.Dutch renewable energy firm Eneco, owned by Mitsubishi and Japan's Chubu Electric Power Co…
Pressure mounted on TotalEnergies over its ties to Russia as activists spray-painted its headquarters west of Paris on Monday and France's green presidential candidate accused the company and its boss of complicity with the Kremlin.TotalEnergies…
Top oilfield services firm Schlumberger reported a higher first-quarter profit on Friday and increased its dividend by 40%, as rising oil prices boosted demand for services and equipment.Oil prices climbed to their highest in more than a decade…
OPEC told the European Union on Monday that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to replace those volumes, and signaled it would not pump more.European Union officials…
U.S. oilfield services companies Halliburton and Schlumberger said on Friday they have suspended or halted Russia operations in response to U.S. sanctions over Moscow's invasion of Ukraine.The disclosures followed widespread departures by energy…
Swedish floating wind technology developer Hexicon has informed that its joint venture CoensHexicon Co., Ltd. has changed its name. The new name is Hexicon Korea Co., Ltd. with the change taking effect from Friday, April 15, 2022. 'The change…
Flowserve Corporation has won a contract to provide control valves for a portion of Norway’s first cross-border and open-source carbon capture and storage facility. 'With an estimated 2024 completion, this facility will be the first of its kind…
Shell on Friday released an amended plan for the development of a major North Sea gas field which British regulators initially rejected last year on environmental grounds.Shell said in the new environmental development plan of the Jackdaw field that it aims to start production from the field…
Romania's OMV Petrom on Wednesday welcomed changes to an offshore gas tax law filed by the government in Bucharest last week as a 'much-needed' step for the development of Black Sea gas.Gas producers have spent 15 years and billions of dollars…
U.S. oilfield services and equipment firm Baker Hughes Co BKR.O on Wednesday reported a higher quarterly profit from a year earlier, but missed Wall Street estimates after facing a 'volatile market' in early 2022 that prompted mixed results across its reporting units…
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