Browsing Tag
North Sea
164 posts
BP posts $5.7bn Q2 underlying profit as new CEO Meg O’Neill orders a reset
BP Q2 underlying RC profit hits $5.7bn and the dividend rises 4%. New CEO Meg O'Neill admits BP wrote off too much value, orders a portfolio and cost reset.
Hornsea 3 Offshore Wind Farm: UK’s 2.9GW North Sea project advances through offshore construction in 2026
The Hornsea 3 Offshore Wind Farm is a 2.9GW offshore wind project in the UK North Sea, owned 50% by Ørsted and 50% by Apollo-managed funds, with Ørsted leading construction and operations as the project targets completion around the end of 2027.
BP’s 700 job cuts expose how aggressively Meg O’Neill is dismantling the old organisation
BP is preparing to cut about 8% of its non-frontline production and operations roles as a new two-division structure, asset sales and debt reduction reshape the British energy major.
Did Larsen & Toubro really win Rs 55,000Cr order? Official TenneT filing points to a different figure
Larsen & Toubro has secured an ultra-mega offshore wind framework with TenneT, but its official disclosure does not confirm the widely circulated ₹55,000 crore order value.
TechnipFMC delivers 21% EBITDA margin as subsea execution accelerates, but $10bn order target now hinges on H2
TechnipFMC Q2 2026: revenue $2.76B, adj EPS $0.91, Subsea margin 23.2%. Guidance held, but $10B order target now needs $5.6B of H2 Subsea inbound.
Serica Energy tops Ratio Petroleum with £145.7m Pharos Energy takeover
Serica Energy's £145.7m Pharos deal tops Ratio's bid and opens Vietnam and Egypt exposure, but H1 2027 completion hinges on regulatory clearances abroad.
TenneT Germany’s €3.5bn green bond gains EIB backing for grid expansion
TenneT Germany’s €3.5bn green bond and EIB backing test whether Europe can fund grid expansion without worsening electricity affordability for consumers.
Equinor (EQNR) approves Troll TWIN gas project for 2028 production
Equinor plans a NOK 4 billion Troll TWIN subsea project to add 11 bcm of gas by 2028. Explore its costs, market impact and execution risks. Read more. Here.
Ithaca Energy slides despite strong Q1 as ITH loses Middle East oil-risk premium
Find out how Ithaca Energy’s share price fall, oil price reversal and dividend outlook are reshaping ITH stock and North Sea sentiment.
Why the Smyrtos tanker seizure marks a new phase in Russia oil sanctions enforcement
Britain has moved Russia sanctions from paper to sea. The Smyrtos tanker seizure could make shadow fleet oil routes far riskier.