Oil major ExxonMobil reported a back-to-back quarterly loss for the first time in over three and a half decades.
Ørsted and its partners have secured funding for the Westküste 100 renewable hydrogen project in Germany. The partners received funding confirmation from the German Federal Ministry of Economic Affairs and Energy as the first large-scale hydrogen project in Germany within the Reallabor (real-world l
Fugro has nominated Sjoerd Vollebregt as member of the Supervisory Board for a term which will end with the annual general meeting in 2024. The appointment of Vollebregt will allow for proper succession as Douglas Wall who wants to retire at the end of the annual general meeting in 2021. Sjoerd Voll
Swansea-based Marine Power Systems (MPS) has hit a £1.5 million crowdfunding target in just two weeks since its launch and is now over-funding. The campaign, set up at the London-based equity crowdfunding platform Seedrs, now has a goal of reaching £2 million. Specifically, these funds should suppor
Equinor has agreed to sell a 40.8125 per cent interest in and transfer operatorship of the Bressay oil field development on the UK continental shelf to EnQuest.
ConocoPhillips recorded a $1 billion loss in the second quarter of this year due to lower oil prices and production curtailments amid COVID-19 impact.
Floatel International will book impairments of nearly $400 million for the second quarter of the year due to impairments of its vessels made amid challenging market situation.
Norwegian oil major Equinor has received safety consent from the country’s offshore safety watchdog to use the Maersk Intrepid jack-up rig on the Martin Linge field offshore Norway.
Equinor has drilled a dry well near the Johan Castberg field in the Barents Sea offshore Norway.
Production efficiency on the UK Continental Shelf has improved for the seventh consecutive year and for 2019 reached 80 per cent.
German energy company EnBW’s Renewable Energies segment more than doubled its operating result in the first six months of 2020, mainly due to the Hohe See and Albatros offshore wind farms coming into operation. The company’s renewables segment reported an operating result (adjusted EBITDA) of € 426
Tubular solutions provider Vallourec has been awarded an extension of its contracts to supply products and services to Brazil’s oil and gas giant Petrobras.
Energy consultancy EPI Group has signed a Memorandum of Understanding (MoU) with Offshore Power LLC to collaborate in the U.S. offshore wind sector. Under the agreement, the companies plan to combine resources in business development, marketing and delivering their services to the U.S. market. EPI s
The UK-based Sound Energy has issued 129.4 million shares aiming to raise £2.75 million ($3.56 million) as it pushes forward with its Moroccan LNG project.
