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Russia’s Gazprom reports first net loss in 24 years
Russia’s state-controlled gas giant Gazprom reported its first annual net loss since 1999 on falling shipments to Europe and lower prices for the fuel.
Danish helicopter operator Uni-Fly expands into offshore oil and gas flights
Danish helicopter firm Uni-Fly appears to be further expanding into offshore oil and gas operations with AW169 contracts in Spain and the Southern North Sea.
Equinor Q1 results beat forecasts thanks to production growth
Equinor (OSLO: EQNR) has beaten forecasts to deliver higher than expected first-quarter results, boosted in part by higher production thanks to its stake in the UK’s Buzzard field.
Fyne news: Oil field project hits key regulatory milestone
The Fyne oil field, which is being developed by Rapid Oil, Ping Petroleum and Hibiscus Petroleum, has moved from the assessment phase into the authorisation phase.
Shareholders to pitch splitting TotalEnergies CEO and chairperson roles
Investors in French oil major TotalEnergies (LON: TTE) will call for the division of the role of CEO and chairperson of the company, claiming this could speed up its transition towards clean energy.
Swiss failed citizens on climate, human rights court says
First-of-its kind case leads to landmark climate ruling, which is likely to have ramifications across Europe.
Oilfield services giant SLB has no plans to exit Russia
Oilfield services giant SLB (NYSE: SLB) has no plans to exit Russia, its CEO has said, two years after Moscow’s invasion of Ukraine.
Ineos fined £400,000 after Grangemouth worker ‘severely burned’
Ineos has been hit with a £400,000 fine after a worker received "severe" burn injuries from falling into a chemical pit at its Grangemouth refinery.
Harbour Energy ‘confident’ on completing Wintershall DEA deal despite German headwinds
Harbour Energy executives remain confident the company's planned takeover of Wintershall Dea will get approval from German authorities.
Russia’s oil and gas revenue jumped in February in budget boost
Russia’s oil and gas revenue jumped more than 80% in February from a year earlier to over $10 billion due to higher prices for the nation’s crude as its producers withstood Western sanctions.
AF Offshore Decom teams up with Sapura in APAC entry
Sapura Energy and Norway’s AF Offshore Decom have launched a new decommissioning venture, Kitar Solutions.
After ‘difficult year’ Wintershall Dea looks to Harbour deal, CCS progress
Wintershall Dea saw profits fall while production remained steady, in a year of ‘macroeconomic headwinds’.
Repsol pledges €10 billion in attempt to win over investors
Repsol will increase its dividend by 29% and buy back more shares, following the trend set by most other major oil companies of rising shareholder returns despite lower profits.
Jim Ratcliffe: Europe’s chemicals sector risks ‘sleepwaking’ into job losses
Sir Jim Ratcliffe, one of Britain's richest men, has launched a scathing attack on Europe's chemicals policies.
Russia loses bid to overturn $50bn award in Yukos case
Russia failed to overturn a ruling in the Netherlands that ordered Moscow to pay around $50 billion in the bankruptcy case of Yukos Oil Co., once the largest Russian oil and gas company.
Eni extends Cronos find, fuelling fast-track plans
Eni has reported success at the Cronos-2 well offshore Cyprus, noting “excellent gas deliverability capacity” at the find.
Europe coming to terms with LNG, Shell says, but still short
“Two or three years ago all you would hear about [from policymakers] was decarbonisation. Now, I think there’s much more balanced conversation around security of supply, affordability and decarbonisation,” Hill said.
Var Energi: Norway independent struck by half-billion dollar Balder write-down
Costs linked to the upcoming Balder development cut down profits at Var Energi (OSLO: VAR), Norway’s second-largest independent operator.
Equinor targets US, UK and Brazil for cash flow growth
“But most of the cash flow increase is coming from improvements in the quality of the portfolio. We're shifting from mature legacy assets to next generation assets.”
VNG inks Germany’s first deal with Algeria for pipeline gas
The Leipzig-based company, controlled by EnBW Baden-Wuerttemberg AG, is the first German gas trader to reach such an agreement with the North African country, said the people who asked not to be named as the business is private.
Sweden closes probe into explosions on Nord Stream pipelines
Swedish officials said they have decided to close their investigation into the September 2022 explosions on the Nord Stream gas pipelines which were built to carry Russian natural gas to Germany, saying they do not have jurisdiction.
TotalEnergies hikes dividend, shrugs off profit drop
TotalEnergies SE (LON:TTE) raised its dividend and continued share buybacks, shrugging off a 31% drop in fourth-quarter earnings caused by weaker oil and gas prices and shrinking refining margins.
Germany paves way for major expansion of gas power plants
The plan requires developers to upgrade stations to burn hydrogen sometime between 2035 and 2040
Gas-addicted Europe trades one energy risk for another
Europe, long-reliant on Russian natural gas, has nearly severed its dependency on the Kremlin in less than two years. Its preferred replacement — gas from the US — is widely viewed as abundant, politically palatable and less likely to be choked off than pipelines from Siberia.
Fire tied to Ukraine drones shuts Novatek Baltic Sea fuel plant
Separately, the BBC, citing an official source in Kyiv it didn’t identify, said special forces struck the plant with drones.