In Norway, made rich by oil and gas, the idea of shutting fields sends chills, but that is exactly what the small Green Party is pushing as a global switch away from fossil fuels looms.And it's a demand with greater meaning after Monday's election…
Taiwan's bid to propel its billowing offshore wind power market will entail huge government support for prospective suppliers to achieve capacity goals as projects move to deep, technically challenging waters, industry officials and analysts said…
U.S. oil and gas producer ConocoPhillips will cut 20-25% of its workforce as part of a broad restructuring, a company spokesperson said on Wednesday, after five sources told Reuters that CEO Ryan Lance detailed the plans in a morning video message…
Australian gas producer Santos on Monday agreed to further extend the exclusivity period for an $18.7 billion takeover bid from a group led by Abu Dhabi National Oil Co (ADNOC), and reported a better-than-feared 22% drop in first-half profit…
Luxcara has signed a capacity reservation agreement with Siemens Gamesa for the 1.5 GW Waterekke offshore wind project in the German North Sea.The agreement with the German-Spanish global market leader for wind turbines was concluded following an international tender…
ConocoPhillips will sell its Anadarko Basin assets for $1.3 billion, the energy producer said on Thursday, after beating Wall Street estimates for second-quarter profit.Shares of the company rose nearly 2% in premarket trade.The asset sale, expected to close at the beginning of the fourth quarter…
Norwegian shipbuilder Vard has secured an order from U.K.’s largest shipowner and operator North Star for the construction of two hybrid Service Operation Vessels (SOVs).The contract represents the ninth and tenth vessel ordered by North Star from VARD…
Wind Multiplikator, a subsidiary of Danish company Semco Maritime, has signed a long-term charter agreement with Norwegian shipping company Norwind Offshore for a Commissioning Service Operation Vessel (CSOV), set for deployment at an offshore wind farm in German North Sea…
Italian energy group Eni said on Friday its second-quarter earnings fell 25% year-on-year as lower oil prices and a weaker dollar overshadowed a better-than-expected performance at its gas business.Adjusted net profit came in at 1.13 billion euros ($1…
Saipem achieved a semester of further growth, confirming the constant progression in operating and financial performance over the last three years which enabled, in the month of May, the distribution of the largest dividend in the company's history…
TotalEnergies has started production from the BEGONIA and CLOV Phase 3 projects, adding a total of 60,000 barrels per day of production offshore Angola.The start of production from the BEGONIA and CLOV Phase 3 offshore projects leverages ullage in the PAZFLOR and CLOV floating production…
Norwegian oil and gas company Pandion Energy has entered into an agreement to sell its participating interests in three assets comprising seven production licenses on the Norwegian Continental Shelf (NCS) to Inpex Idemitsu Norge, owned by Japan’s Inpex…
Norwegian shipbuilder Vard has signed a contract for the design and construction of two Commissioning Service Operation Vessels (CSOVs) for an undisclosed international customer.The agreement, valued between $115 million and $230 million, also has an option for one additional vessel Vard said…
Saudi drilling contractor Arabian Drilling has secured contract extensions for five of its jack-up drilling rigs, with a combined value of over $365 million.Arabian Drilling signed contract extension for four of its rigs with Aramco, with a combined backlog value of $364 million (SAR 1…