Tyra intermezzo weighs down on Noreco
Oil company Noreco had three quarters shaved off its bottom line between Q3 and Q4 2019, partially due to a planned halt in extraction operations in the North Sea.
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Oil company Noreco had three quarters shaved off its bottom line between Q3 and Q4 2019, partially due to a planned halt in extraction operations in the North Sea.
In the wake of massive protests, the oil company withdraws from a project in Australian waters. It wasn't profitable, says Equinor, which still wants to prospect for crude in the country.
Patrick Gilly, managing director of Total's activities in the Danish North Sea, has resigned from his post and will leave the company by the end of March. His replacement has been found.
Two major Finnish pension funds with USD 108 in AUM are briskly moving further into ESG territory due to "massive risk" factors tied to climate change, thereby seeking to avoid the major losses and stranded assets that some analysts say will hollow out banks, insurers and asset managers that fail to adapt to a greener agenda.
A Norwegian private equity firm sells four oil service companies for a total price of USD 139 million. Not long ago, another equity fund shelved its plans to sell a number of oil service companies.
Saudi Arabian Aramco expects to invest roughly USD 110 billion in developing the enormous Jafurah project.
The Norwegian Petroleum Directorate has now granted final approval to Aker BP, which can start operations at the Skogul field next month.
Mol Group, which applied for permission to prospect for North Sea oil, slid by 9 percent in EBITDA last year. The Hungarian oil and gas company extracted more than expected, but challenging macroeconomic conditions tipped the balance to the firm's disfavor.
Offshore shipping company Dof exits the fourth quarter with another million-dollar deficit despite an increase in revenue. The shipping company has yet to agree with its creditors on a rescue plan.
The Norwegian sovereign wealth fund currently has NOK 19.5 billion invested in 28 firms on the UN's list of companies making money off Israeli settlements on the West Bank.
Two mild winters and Coronavirus effects have hit the LNG market. British-Dutch oil giant shell maintains, however, that liquefied natural gas will gain ground over the coming years.
Oil prices continue to rise despite the Coronavirus. Disturbances tied to the Libyan civil war are fostering supply uncertainty.
French-US-based oil service firm Schlumberger selects a heavy-duty profile as leader of its New Energy department.
BW Energy's initial public offering has been concluded with significant interest from Norwegian as well as foreign investors, writes the parent company in a notice.
The French oil giant intends to stop selling fuel oil to electricity markets, a move meant to reduce the combined carbon intensity of the company's products.
Global Gravity, which transports pipes for drilling rigs, was knocked out during the last oil price crisis. Today, the company is growing powerfully and collaborates with some of the sector's largest players.
Not all Norwegian oil facilities will be electrified, asserts Equinor EVP Anders Opedal, using the British former Rosebank field as an example that some areas are difficult to plug into the grid.
Daily health costs related to oil, gas and coal total to billions of US dollars, shows a new report from Greenpeace.
Greenland's self-government says it's high time to benefit from its subterranean oil and thus presents plans for a major oil endeavor.
Equinor CEO Eldar Sætre thinks it would be meaningless for Norway to stop exploiting its oil and gas resources. Oil won't disappear by doing so, he tells EnergyWatch in an interview.
Portuguese utility EDP, one of the very largest wind developers in the US, is welcome to invest further – but the US is "evaluating Chinese investment" in the company, energy secretary says.
Investors behind the only new coal plant planned in the EU have opted to suspend financing. The facility will be built, asserts coming co-owner – but not necessarily with coal in the cauldron.
Equinor doesn't think that green hydrogen is the solution for the moment. Instead, the company wants to make hydrogen from natural gas and sequester the CO2 in the North Sea's Northern Lights well.
BP aims to achieve net-carbon neutral upstream operations from 2050 and adjust much of the basis for its business. It will be tough, but it's also a fantastic opportunity, says the company's new CEO, Bernard Looney.
Tuesday evening, one of Exxon Mobil's refineries erupted into flames. The cause has not yet been determined, and there are currently no reported injuries.
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