Demand for electricity in Norway will continue to outpace supply growth in the coming years, leading to a likely power deficit by 2027, transmission grid operator Statnett said on Wednesday. Power demand in Norway is expected to grow to 164 terawatt hours (TWh) in 2027…
Spain's Iberdrola plans to invest 47 billion euros ($47 billion) in its electricity networks, renewable energy production and customer businesses in 2023-2025 alongside an expected rise in profits, it said on Wednesday. Iberdrola is pushing…
Ithaca Energy shares dipped on their London debut on Wednesday after the North Sea oil and gas producer defied volatile markets to deliver Britain's largest initial public offering (IPO) this year, and Europe's fifth biggest. The shares opened…
Norwegian energy giant Equinor is on track to almost double its share of its investment in renewable energy this year, despite walking away from expensive offshore wind deals, the chief executive said on Tuesday. Around 20% of company's gross investments in 2022 will be in renewable energy…
Dutch offshore installation company Heerema Marine Contractors has recently tested C1 Connections' C1 Wedge Connection offshore.The C1 Wedge Connection is said to be a high-capacity connection that can be installed faster and safer than conventional bolted flange connections…
Italy's Emilia Romagna region has approved a project for a new floating LNG terminal off the coast of Ravenna in the upper Adriatic sea, it said on Monday, part of the country's broader efforts to replace dwindling Russian gas supplies. Almost…
Greece issued an advisory on Tuesday saying the vessel Sanco Swift will conduct seismic surveys to locate potential natural gas reserves off the Peloponnese peninsula and west and southwest of the island of Crete.Prime Minister Kyriakos Mitsotakis announced the plan during an interview on Monday…
Subsea cable supplier JDR Cable Systems (JDR) has started construction of its new subsea cable manufacturing facility in Cambois, near Blyth, Northumberland, UK.The 69,000-square-meter factory will be operational by 2024. According to JDR, the £130 million ($148…
Norway's Equinor and Japan's Hitachi Energy have signed a deal to collaborate within electrification, renewable power generation and low-carbon initiatives globally.One of the first things the two companies will work on together is creating…
A planned initial public offering of North Sea oil and gas producer Ithaca Energy IPO is set to price at the lower end of the previously guided range, bookrunners on the deal said on Monday.The revised price guidance is for between 250 and 270 pence per share…
Italy's new government will expand concessions to drill for gas in the Adriatic, Prime Minister Giorgia Meloni said on Friday, in a drive to double Rome's output to 6 billion cubic meters per year and lower energy prices for firms.The measure…
Top oilfield services firm SLB will raise its quarterly dividend next year by 43% and resume a share buyback program, executives said on Thursday, offering an upbeat view of energy markets. Although annual revenues have fallen every year since 2019…
The Swiss-based operator of Russia-led Nord Stream 1 gas pipeline said on Wednesday it had completed initial data gathering at the location of the pipeline damage on line 1 in the Swedish exclusive economic zone and found 'technogenic craters'…
Singapore-based Sembcorp Marine said Friday its subsidiary Sembmarine SLP had won a Planned Preventative Maintenance (PPM) contract with the Danish offshore wind developer Ørsted for the Hornsea 2 offshore wind farm, one of the world’s largest…
Oil and gas company Neptune Energy said Friday it had started drilling on the Calypso exploration well in the Norwegian Sea.Neptune Energy is using the Deepsea Yantai, a semi-submersible rig owned by CIMC and run by Odfjell Drilling, to drill the exploration well formally known as Well 6407/8-8 S…
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