Shell on Thursday reported third-quarter earnings of $6.2 billion, in line with expectations, on higher refining margins and strong liquefied natural gas (LNG) trading.The company announced share buybacks of $3.5 billion over the next three months…
Greece on Tuesday moved toward building its first offshore wind farms, identifying areas for private development in a draft plan that the conservative government hopes will lessen the country's dependence on fossil fuels.The Mediterranean country…
Portugal has kicked off the preparatory process for its first auction of licenses to build wind farms off the Atlantic coast by inviting companies to present non-binding declarations of interest by Nov. 14.The environment ministry said in a…
Norwegian offshore vessel owner Havila Shipping said Monday it had sold the platform supply vessel Havila Commander and the AHTS vessels Havila Jupiter and Havila Venus, following demands from lenders.A day later, Norway-based offshore vessel…
Finnish Prime Minister Petteri Orpo on Tuesday that China was cooperating in Finland's investigation of the Hong Kong-flagged NewNew Polar Bear vessel's role in the Oct. 8 damage to the Balticconnector pipeline.Finnish police leading the criminal…
Norwegian oil and gas company Equinor has extended the contract for the Havila Foresight offshore vessel.Equinor exercised a one-year option for 2024, according to the vessel owner, Havila Shipping. Financial details were not disclosed.The oil firm has three additional options…
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…
Oil and gas company Wintershall Dea has declared options to extend the contract for Eidesvik Offshore's supply vessel Viking Princess. The contract extension runs from January 2024 in direct continuation of the current contract, extending the firm period to January 2025…
Norwegian offshore vessel owner Havila Shipping said Monday it had sold three vessels following demands from lenders.Havila Shipping said that, under its restructuring agreement, it had sold the platform supply vessel Havila Commander and the AHTS vessels Havila Jupiter and Havila Venus…
Shares in Siemens Energy continued their recovery on Monday, topping Germany's blue-chip index as concerns over the group's ability to post guarantees for big industrial projects eased.Shares in the company, the world's largest maker offshore…
The UK on Monday offered 27 new licenses in North Sea areas with the potential to go into production more quickly than others.In addition to the 27 licenses, six more blocks, which were also ready to be offered, have been merged into five existing licenses…
Portuguese oil company Galp Energia said on Monday that its adjusted third-quarter profit rose 12% on year as refining margins almost doubled, offsetting a decline in crude output following the sale of its Angolan fields and lower oil prices…
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…
Finland's National Emergency Supply Agency said on Friday it had raised its risk assessment for gas supply security in the Nordic country following the damage earlier this month to the Balticconnector gas pipeline. 'An important gas import connection…
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…
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