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…
Danish energy group Ørsted on Friday reiterated that it has no intention of paying Russia's state-controlled gas company Gazprom in roubles and said the decision was not politically motivated.Russian President Vladimir Putin has demanded foreign…
Oil and gas company Neptune Energy said Friday it would double gas output from the Duva field in the Norwegian part of the North Sea, supporting increased supplies to the UK and Europe.'The partnership has worked closely with the Norwegian authorities…
Israeli energy conglomerate Delek Group said on Thursday its North Sea subsidiary Ithaca has acquired private equity-backed Siccar Point Energy for $1.1 billion [plus contingent payments totaling a maximum of USD 360 million].The acquisition…
Shell will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, while soaring oil and gas prices boosted trading activities in the first quarter, the company said on Thursday.The post-tax impairments…
Norwegian offshore vessel owner Solstad Offshore has sold six more vessels, wrapping up its fleet 'right-sizing' plan announced in 2020.As previously reported, back in 2020, Solstad Offshore said that, as part of its restructuring agreement…
German-based renewable energy company RWE, which in late 2021 via a lottery system won the rights to build Thor, Denmark's largest offshore wind farm, has now signed a contract with the Danish grid operator Energinet for the Thor wind farm.The agreement regulates the technical setup…
Europe needs to swiftly find alternative sources of energy following Russia's invasion of Ukraine but a proposed pipeline taking east Mediterranean gas to the continent via Israel, Cyprus, and Greece is not viable, a senior U.S. diplomat said…
TotalEnergies Denmark has awarded IKM Testing AS a contract on the Tyra Redevelopment Project offshore Denmark. The award includes topside nitrogen helium leak testing and commissioning during the hook-up of seven new Tyra II platforms. In addition…
Subsea services company DeepOcean has agreed to acquire the Norwegian engineering and technology company Installit AS from Oslo-listed Endúr ASA to strengthen the group’s offering within offshore renewables. DeepOcean and Endure have agreed to not disclose the financial details of the transaction…
Copenhagen Infrastructure Partners' CI IV fund and Italy's GreenIT have signed agreements to build two floating offshore wind farms in Sicily and Sardinia.The wind farms are to be located more than 35 km from the coast and will have a total capacity of approximately 750MW…
Norwegian energy company Equinor has partnered up with Naturgy, with the two firms entering a development agreement prior to Spain’s first upcoming offshore wind auction off the coast of the Canary Islands.The Spanish government plans to develop up to 3 GW of offshore wind by 2030…
The website of Gazprom Neft, the oil arm of Russian gas giant Gazprom, went down on Wednesday after an apparent hack, in what looked like the latest attack on government-linked pages over Russia's actions in Ukraine.What looked like a hacked…
DNV has signed a classification contract with offshore wind vessel owner Edda Wind for two new Commissioning Service Operation Vessels (CSOVs). The contract was signed Wednesday at the Nor-Shipping trade event in Oslo, Norway.The vessels, being…
Offshore services firm Swire Energy Services (SES) said it has been awarded a contract from wind farm operator Ørsted for a routine maintenance campaign off the U.K. coast for Summer 2022.The new contract will see SES provide services including…
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