The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.
Rig company Valaris, headed by former Seadrill CEO Anton Dibowitz, names new executives, including a new CFO.
Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.
The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.
Glencore admits to bribery and market manipulation and enters settlements for USD 1.5bn, concluding long-time probes into the company which revealed intent to pursue profit at any cost.
Frontline is not taking the ”moral high ground” in regards to Russia but complies with the existing sanctions. Large amounts of Russian oil are still passing through the market, said chief executive Tuesday.
US oil giant ExxonMobil is accused of crimes against the climate and having lied about them.
Rig company Seadrill, with strained financials after an extended downturn, reports black operating figures for the start of the year. The company came out of bankruptcy protection in February.
Prices are also pushed up by projections of higher demand in the US towards the summer.
Germany will gain independence from Russian gas by spring 2025, notes German energy giant.
The US is heading into the peak season for driving, which traditionally kicks off around Memorial Day at the end of May.
In early April, Lithuania halted natural gas supplies from Russia, and Sunday marked the last day of oil and gas trading with Russia.
The German company has opted to divest shares in the efforts to strengthen its positions in gas and carbon management.
Gazprom will cease gas supplies to Finnish utility Gasum by Saturday morning.
International sanctions tighten the noose on Russian exports, but oil from the country has found its way to markets in the Middle East and Asia by way of Greece, reports Reuters.
Crisis-ridden offshore carrier Dof, which is negotiating a restructuring plan, books a profit for the year’s first quarter. But the financial situation is still unsustainable, states Dof.
Maersk Decom, established by Maersk Supply Service and Maersk Drilling in an attempt to benefit from a large market for decommissioning assets within the oil industry, shuts down. Chief executive left several months ago.
The price increases occurred Thursday afternoon and evening before sliding back down in the early hours of Friday on rumors that China plans to rebuild its strategic crude oil inventories using cheap Russian oil.
A new agreement between Chevron and Venezuela’s national oil producer could add pressure to the oil prices, according to analysts.
”There are too few investments in oil and gas, and there are too few investments in renewables,” says Eirik Wærness.
News of a gradual reopening in Shanghai, which is the largest city in China with a population of 24 million, sends oil prices up.
After a meeting of EU foreign ministers, there is still disagreement on additional sanctions against Russia.
At TotalEnergies’ drilling rigs, drones will help track, quantify and reduce emissions of methane gas by means of new technology.
The oil market dips Monday morning.
In the fall, TotalEnergies postponed investment decisions on Valdemar Bo Syd and Halfdan Nord projects by several years. In light of the war in Ukraine, however, the oil giant is once again looking into expediting the plans.
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