The three incidents that resulted in damage to a gas pipeline and two telecom cables between Estonia, Finland and Sweden 'are related', Estonian Prime Minister Kaja Kallas said.Finnish police leading the pipeline investigation have named the…
German Chancellor Olaf Scholz this weekend makes his third visit to sub-Saharan Africa in two years, as conflicts elsewhere highlight the growing importance of an energy-rich region in which Berlin has traditionally had little involvement.He will visit major energy producer Nigeria…
TotalEnergies on Thursday posted a 35% fall in its third-quarter adjusted net income compared to a year ago, hurt by a drop in energy prices from highs hit following Russia's invasion of Ukraine.The French energy company's Q3 adjusted net income stood at $6…
Wintershall Dea on Monday reported that its third-quarter net profit slumped 86% year-on-year due to weaker oil and gas prices, unplanned maintenance outages in Norway and the costly loss of Russian business.The company's earnings showed that adjusted net income totalled 61 million euros ($64…
Russian President Vladimir Putin on Friday dismissed as 'rubbish' the idea that Russia had damaged a gas pipeline between Finland and Estonia and suggested such claims were made up to divert attention from what he said was a Western attack on Nord Stream…
An investigation into the damage to the Balticonnector gas pipeline is currently focused on the role of the Chinese NewNew Polar Bear container vessel, Finland's National Bureau of Investigation (NBI) said on Friday.Early on Oct. 8, a gas pipeline…
BP on Tuesday reported third-quarter earnings of $3.3 billion, missing analysts' forecasts as strong oil trading and refining margins were offset by weak gas results and the write down of a large chunk of a U.S. windfarm project.The British company maintained its dividend at 7…
European energy companies, including Denmark's Orsted, will likely write down more of their U.S. offshore wind investments this week after BP and Equinor booked $840 million in impairments in recent days.Orsted, the world's largest offshore wind developer…
Portuguese oil and gas company Galp is gearing up to start drilling a well in an offshore block in Namibia, near the giant oil discoveries made recently by TotalEnergies and Shell.In May, Galp entered into a contract with SFL Corporation for the semi-submersible rig Hercules…
Ghana is looking to boost its oil and gas production by selling more exploration rights, aiming to avoid leaving valuable fossil fuels in the ground and generate revenue to fund its energy transition, a Ghanaian official said on Tuesday.The…
Oilfield services and technology company SLB said Wednesday that a multi-year three-way collaboration agreement was signed to deliver digital end-to-end workflows for Shell, using SLB subsurface solutions on Amazon Web Services' (AWS) cloud infrastructure…
Italian energy group Eni raised its guidance on Friday for full-year earnings before interest and taxes (EBIT) and cash flow, while also announcing an acceleration of its share buyback program.The group beat analysts' expectations for third…
Exxon Mobil Corp on Friday posted a $9.1 billion third-quarter profit, about a 54% drop from record earnings a year ago but up from the prior quarter as oil prices recovered.Earnings at the largest U.S. oil producer have benefited from higher…
MAN Energy Solutions has won the contract for the delivery of three integrally-geared compressor trains (IGC) for Porthos, the first large-scale carbon capture and storage (CCS) project in the Netherlands. The Port of Rotterdam Authority, Energie Beheer Nederland B…
Damage to a Baltic Sea gas pipeline earlier this month is believed to have been caused by a ship dragging a large anchor along the seabed, but it was too early to tell if this was an accident or a deliberate act, Finnish police said on Tuesday…
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