Equinor on Friday posted forecast-beating record profits for the third quarter driven by all-time-high European gas prices amid the Ukraine war, and said it would raise its dividend payment while reducing full-year output guidance.The oil and…
Crowley signed an agreement on Thursday with the Port of Humboldt Bay to exclusively negotiate to be the developer and operator of a terminal to serve as California’s first hub for offshore wind energy installations. Through Crowley’s Wind Services group…
Wintershall Dea has extended the contract for Eidesvik Offshore's the platform supply vessel “Viking Princess” from January 2023. This will be in direct continuation of the current contract, extending the firm period to July 2023. According to the Norwegian shipowner…
Israeli and Lebanese leaders finalised a U.S-brokered maritime demarcation on Thursday, bringing a measure of accommodation between the enemy states as they eye offshore energy exploration.Leaders from Lebanon, Israel and the United States have…
Denmark's Ørsted and Norway's Equinor have signed a contract under which Equinor will supply Norwegian gas to Denmark via Baltic Pipe. The agreement covers the period from January 1, 2023 to April 1, 2024, and the total volumes of gas supplied during the period will be around 8 TWh…
CNOOC Ltd's third-quarter net profit soared by 89% from a year earlier to 36.9 billion yuan ($5.11 billion), driven by stronger oil and gas prices, the Chinese offshore oil and gas major said on Thursday. Third-quarter revenue rose 54% on the year to 89…
Norway, now Europe's biggest supplier of natural gas, has increased its pipeline inspections in the wake of the suspected blasts on the Nord Stream system last month, the head of the country's gas supply infrastructure told Reuters. Following the Sept…
Capricorn investor Palliser Capital said on Thursday it opposed Capricorn's planned merger with Israel's NewMed Energy, echoing its criticism of a previous failed merger plan with Tullow, as undervaluing the company. The Capricorn-NewMed deal would create an Israel-Egypt-focused gas producer…
Italy's Saipem improved its guidance for the full year after third-quarter adjusted core earnings and revenue beat analysts' expectations. The energy contractor reported on Thursday an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of 215 million euros ($216…
TotalEnergies and the Lebanese government have reached a deal handing the French oil major temporary majority control of an offshore exploration block and paving the way for negotiations with Qatar over a stake in the gas project, two sources said…
Oil and gas companies Jadestone Energy and OMV New Zealand have 'reluctantly' agreed to terminate the sale and purchase agreement to acquire an operated 69% interest in the Maari Project, offshore New Zealand, citing regulatory uncertainty.Singapore…
Shell Thursday posted a third-quarter profit of $9.45 billion, easing from the previous quarter's record high due to weaker refining and gas trading, as it announced plans to sharply boost its dividend by year end when its CEO departs.Shell also extended its share repurchasing program…
Edison Chouest Offshore (ECO) affiliate C-Innovation, (C-I) on Wednesday announced it has signed a multi-year contract with a major operator in the Gulf of Mexico, securing the C-Constructor to support the New Well Delivery Program and the Holiday for inspection…
Natural gas output at Indonesia's Mahakam block rose to 590 million standard cubic feet per day (mmscfd) in October, the state energy company Pertamina said on Wednesday, as the operator boosted drilling.Once a major gas-producing block, output at Mahakam dropped to 505 MMSCFD earlier this year…
German renewable energy giant RWE said Wednedsay it had filed bids for all five offshore wind seabed permits in the Polish Baltic Sea, offered by the Polish government.Sven Utermöhlen, CEO Offshore Wind, RWE Renewables: “RWE is clearly committed…
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