The Tyra Redevelopment Project (Tyra II) has restarted production. At plateau, the Tyra hub will produce 5.7 million cubic meters of gas and 22,000 barrels of condensate per day.TotalEnergies operates the Tyra field on behalf of Danish Underground Consortium…
Norway-based offshore vessel owner Rem Offshore and shipbuilder Myklebust Verft have signed a contract for the construction of an Energy Subsea Construction Vessel (ESCV) with a 250-tonne crane.The vessel will be delivered in 2026 and will be…
Chinese offshore oil and gas major said it had filed an arbitration claim to establish a right over Hess' stake in the giant Guyana oilfield Stabroek in the event of the U.S. firm's sale to Chevron.CNOOC filed the arbitration application on March 15…
TotalEnergies has signed an agreement to acquire Talos Low Carbon Solutions (TLCS), securing 25% of its share in the Bayou Bend carbon capture and storage (CCS) project in the United States.After the completion of the transaction, TotalEnergies will own a 25% share in the Bayou Bend project…
Technip Energies, a leader of a consortium with GE Vernova and Balfour Beatty, has received a Letter of Intent from BP, on behalf of NZT Power Limited, for the execution phase of the Net Zero Teesside Power (NZT Power) project in the United Kingdom…
Shell weakened its 2030 carbon reduction target and scrapped a 2035 objective, citing expectations for lower power sales and strong demand for gas in the energy transition even as it affirmed a plan to cut emissions to net zero by 2050.The changes…
Italy's Eni said on Thursday it would embrace transition by creating separate units specialising in carbon capture and bio chemicals, adding to already existing renewable energy and biofuel subsidiaries.The four units would eventually attract…
UK-based oil and gas firm Spirit Energy has awarded a contract to Shearwater Geoservices to conduct a seismic survey in the East Irish Sea, as part of the Morecambe Net Zero (MNZ) carbon capture and storage (CCS) project.The six-week operation…
BlueNord, a partner in the TotalEnergies-operated Tyra natural gas development, has announced that the methanol loading at the redevelopment project has started, with the official restart set for the second half of March.Following the milestone and depending on continued progress…
Danish renewable energy developer Ørsted has secured first offer rights to procure greener heavy-plate steel for offshore wind foundations from Dillinger, the largest heavy steel plate producer in Europe.Through the memorandum of understanding (MoU) signed by the parties…
Corio Generation, a Macquarie Group company, has signed a memorandum of understanding (MoU) with a leading supplier of electricity to the Vietnamese power market EVNGENCO3, setting the intention to advance offshore wind industry in the Southeast Asian country…
Shares of Brazil's state-run oil company Petrobras plunged more than 11% in opening trading in Sao Paulo on Friday, after the firm's dividend frustrated investors and triggered analyst downgrades.In a fourth-quarter earningsrelease late on Thursday…
Eastern Green Link 2 (EGL2), a joint venture between SSEN Transmission and National Grid Electricity Transmission (NGET), has awarded contracts for the development of ‘subsea electricity superhighway’ to Prysmian, Hitachi Energy and BAM.EGL2 will see the creation of a 525kV…
International engineering firm COWI has been awarded a contract by Thistle Wind Partners (TWP) - a joint venture involving DEME, Qair and Aspiravi – to provide Pree-FEED study for Ayre and Bowdun offshore wind projects in Scotland.Under the contract…
Challenger Energy has, through its wholly-owned Uruguayan subsidiary CEG Uruguay, entered into farm-out agreement with Chevron for the 60% interest in the AREA OFF-1 block offshore Uruguay.As part of the agreement, Chevron will acquire a 60% participating interest in the AREA OFF-1 block…
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