Colombia's majority state-owned oil company Ecopetrol on Tuesday reported a soaring first-quarter net profit of 3.09 trillion pesos ($806.5 million) for this year, buoyed by improved oil prices and with the backdrop of a dismal comparative period in 2020…
Offshore wind turbine maker Siemens Gamesa Renewable Energy has secured, subject to final contract awards, more work in Taiwanese offshore wind space.The company was back in November 2019 announced as a preferred supplier of offshore wind turbines for Hai Long 2A (300 MW) project…
Oil and gas company Wintershall Dea has terminated the rig contract for the West Mira semi-submersible drilling rig, owned by Northern Ocean, managed by Seadrill.The news of the contract termination was shared Wednesday by Seadrill. Seadrill said: 'Seadrill Limited […
Jack-up drilling rig contractor Shelf Drilling has secured a contract in India for its Trident XII jack-up drilling unit. The contract is with the Indian oil company ONGC. Under the three-year contract, the Trident XII drilling rig will be used…
Norway's Equinor said Tuesday that Poland’s Energy Regulatory Office (ERO) announced Equinor and Polenergia’s Bałtyk II and Bałtyk III offshore wind projects in Poland were awarded contracts for difference (CfD) under the first phase of Poland’s offshore wind development scheme…
Lebanese President Michel Aoun said on Tuesday there should be no preconditions for talks with Israel over their Mediterranean border dispute, key to Lebanon's hopes to find gas reserves amid its worst economic crisis since its 1975-1990 civil war…
Italian oil and gas and renewable industry services giant Saipem has appointed Francesco Caio as its new CEO.Born in 1957, Caio has a degree in Electronic Engineering from the Politecnico di Milano and a Masters in Business Administration (MBA) from INSEAD Fontainebleau…
Norwegian offshore vessel operator Eidesvik Offshore has nominated a new chairman of the board after its current chairman Kolbein Rege said he would resign at the next shareholders' meeting.'After nearly 27 years of service, the Chairman of the Board…
ConocoPhillips reported first-quarter profit that beat Wall Street expectations on Tuesday as vaccines-led return of travel demand and a winter storm that swept parts of the United States in February boosted prices for oil and gas.Higher crude…
Lebanon and Israel resumed U.S.-mediated talks on Tuesday over a dispute about their Mediterranean Sea border that has held up hydrocarbon exploration in the potentially gas-rich area, an official Lebanese source said.The longtime foes held…
State-run oil producer Saudi Aramco beat analysts' forecasts on Tuesday with a 30% rise in first-quarter net profit and maintained its dividend payout, helped by strong oil prices.Earnings by global energy companies such as Exxon Mobil have climbed on the back of rising crude prices…
The European Commission on Tuesday approved 400 million euros ($480.12 million) Danish state aid supporting the production of electricity from renewable sources, according to a statement.'This Danish scheme will contribute to substantial reductions in greenhouse emissions…
Norway-based oil company Vår Energi has awarded a three-year inspection services contract to a strategic partnership between DNV and Vinde Tilkomstteknikk. The contract will cover inspection services to the oil and gas operator’s full portfolio of assets on the Norwegian Continental Shelf…
Indian offshore drilling contractor Aban Offshore has suspended operations at one of its jack-up rigs citing Covid-19 outbreak.In a brief announcement on Monday, Aban Offshore said: 'We hereby inform you that one of our rigs 'Aban IV ' has suspended operations owing to outbreak of COVID-19…
Neptune Energy has acquired a 38.75% equity interest from Spirit Energy in the Pegasus West offshore discovery in the UK Southern North Sea, in a move that will see the discovery developed as a tie-back to the Cygnus offshore platform.Pegasus…
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