Indonesia will launch a second auction of oil and gas blocks this year as it seeks to cash in on high energy prices and boost output after decades of decline due to a lack of exploration and investment, officials said on Wednesday.Southeast…
Spanish utility and Naturgy and Norway's Equinor are targeting a 200MW floating offshore wind project in the Canary Islands.Following an agreement to work together, made earlier this year, the firm's are targeting the Floating Offshore Wind…
Fossil fuel firms may have to share their excess profits to help European households and industries cope with red-hot energy bills, a draft European Union plan showed on Monday as the cost of the West's 'energy war' with Russia took a growing toll…
Gazprom Chief Executive Alexei Miller on Wednesday said Western sanctions mean Siemens Energy ENR1n.DE is unable to carry out regular maintenance on equipment for the Nord Stream 1 natural gas pipeline, Interfax news agency reported.Periodic replacement of some equipment…
G.W. Lisk Company recently announced the launch of their ATEX, IECEx and UL/ULC certified in line deflagration flame arrestor series. The series is designed for use in Class 1: Div 1 (Zone 0,1), Div 2 (Zone 2) oil and gas installation up to 4”…
Japan's JERA has signed a deal with the new operator of the Sakhalin-2 energy project in Russia to maintain long-term deliveries of liquefied natural gas (LNG), a spokesperson for the country's biggest power generator said on Friday.Russian…
A U.S. energy regulator on Friday gave Berkshire Hathaway Inc, the company controlled by billionaire Warren Buffett, permission to buy up to 50% of oil company Occidental Petroleum Corp's OXY.N common stock.Occidental's share price soared 9…
Mexican state oil company Pemex expects to post a rare annual profit this year, with two consecutive quarters already in the black and a boost to crude output from new fields, Chief Executive Octavio Romero told Reuters.If achieved, it will be Pemex's first annual profit in more than a decade…
Prysmian, the Italian energy and telecom cable systems provider, has won two contracts worth approximately €250 million (around $253,3 million) by Red Eléctrica de España, S.A.U., the transmission system operator of the Spanish power grid.The…
An oil platform worker was medevaced Wednesday morning approximately 20 miles southeast of Southwest Pass, La.The U.S. Coast Guard said its watchstanders at Sector New Orleans received notification at 11:38 p.m. Tuesday from the oil platform…
Oil and gas company Afentra plc, led by former Tullow CEO Paul McDade, has agreed to buy interests in two shallow-water offshore blocks in Angola from the Croatian oil company INA - Industrija Nafte.To remind, Afentra in April agreed to buy a 20% non-operated interest in Block 3/05…
The British government said on Wednesday that plans to bolster the country's energy security, diversify away from fossil fuels, and protect consumers from spiraling prices are set to become law.Britain's energy security bill will be introduced…
U.S. Gulf of Mexico-focused oil and gas company LLOG Exploration said Tuesday it had recently kicked off production from its Spruance field, located offshore Louisiana.The two-well subsea development is located in Ewing Bank (“EW”) Blocks 877 and 921 in the U…
For the third year running, Rovco, a provider of offshore subsea and survey solutions, has been awarded a contract to carry out work on the Beatrice offshore wind farm.Commencing this month, the project will be delivered by Rovco’s UK-based team…
Swedish utility Vattenfall said on Monday it had agreed to buy an 85% stake in two early-stage offshore wind projects off Sweden's west coast from Norwegian wind farm developer Zephyr.State-owned Vattenfall said in a statement it expected the projects to have a combined production capacity of 2…
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