Offshore wind faces “multiple challenges” and is now an outlier in terms of developer sentiment to renewables, claimed the International Energy Agency (IEA) as it slashed growth forecasts for the ...

Austria's energy group OMV has adjusted its near-term strategy in line with the global industry's changing priorities. The changes to OMV's 2025-2030 strategy follow similar moves by other European ...

Norwegian tycoon Kjell Inge Rokke's Oslo-listed Akastor has lined up a $246 million contract for one of its offshore vessels with Brazil's state controlled oil company Petrobras. The company’s ...

Supermajor Shell expects higher margins across some of its key business segments and an increase in liquefied natural gas production, the company unveiled in its latest outlook for the third quarter ...

Market experts give verdict on progress towards 2021's goal as oil giant prepares to cut investment and 'clean the pipeline' in wind and solar power Cast your mind back to 2021 when 'energy transition ...

Swedish energy developer Vattenfall stared disaster in the face over the weekend when an oil tanker was dramatically diverted from a collision course with one of its North Sea wind farms after ...

ExxonMobil is working hard on plans to import liquefied natural gas into South Africa, probably via the port of Richards Bay. The supermajor has been studying LNG imports in South Africa for more than ...

Another reason behind the revised offer was the increase in estimated cost synergies following the merger of the two drilling contractors, which were upped to between $50 million and $60 million on an ...

Norway’s Vaar Energi has boosted oil and gas production and recoverable volumes from its Gjoa field offshore Norway, following the start-up of a low-pressure project at the prized asset. The project ...

Wood Group has scheduled a meeting later this month to ask shareholders to temporarily suspend the company’s borrowing limit as the embattled company attempts to keep alive its takeover by Sidara.

At least five leading international contractors have submitted bids to Adnoc Gas for a new train at the Habshan gas handling facility in the United Arab Emirates. Adnoc Gas' parent, state-owned Abu ...

President Donald Trump’s moves to block permitted offshore wind projects have been “very damaging” to investment in the country, Shell’s US boss told the Financial Times. Colette Hirstius, president ...