The European Investment Bank (EIB) has allocated $1.84 billion to finance the construction of the Bay of Biscay electricity interconnection between Spain and France.The EIB financing for the Bay of Biscay project takes the form of loans to Spanish…
Petrobras aims to make Africa its main region of development outside Brazil, the state-run oil giant's CEO told Reuters on Thursday during a wide-ranging interview about the company's strategy.Ivory Coast has extended the 'red carpet' for Petrobras…
At Ecowende’s initiative, Vestas is supplying red blades for a new trial at Hollandse Kust West VI, to investigate whether the red color increases blade visibility to birds and helps reduce the risk of collisions, compared to the traditional grey blades…
A number of multinational oil and gas companies including Chevron have exited their Red Sea oil and gas concession blocks after making no finds and have channeled their resources elsewhere in the country, the Egyptian petroleum ministry said…
China's privately controlled ENN Natural Gas and state-run Zhenhua Oil have each signed a term deal to buy liquefied natural gas from Abu Dhabi National Oil Company (ADNOC).ENN Natural Gas said on its official WeChat account on Saturday that…
The Johan Castberg oil field in the Barents Sea came has come on stream, strengthening Norway’s role as a long-term energy exporter.The Arctic field came online on March 31, at 10.35 local time.Expected to be in production for 30 years, Johan Castberg can produce 220…
Companies planning a flagship offshore gas project between Venezuela and Trinidad and Tobago 'have not slowed down' work, Trinidad Prime Minister Stuart Young said on Thursday, despite the United States increasing pressure on sanctioned Venezuela…
India is considering a proposal to scrap import tax on U.S. liquefied natural gas (LNG) to boost purchases and help cut the trade surplus with Washington, a key irritant for President Donald Trump, four government and industry sources said.The…
U.K.-based Enshore Subsea has secured the export cable installation contract for Inch Cape offshore wind farm, one of Scotland’s largest offshore wind farm projects.Inch Cape will have two 85 kilometer, 220kV, three-phase export cables which…
Belgian offshore installation contractor Jan De Nul has secured a contract for the installation of monopiles for 72 offshore wind turbines that will make up the 1.1 GW Inch Cape offshore wind farm in Scotland.Inch Cape offshore wind farm, being…
The financial close for the Inch Cape offshore wind farm, developed by ESB and Red Rock Renewables as equal joint owners, has been reached, raising more than $4.3 billion in funding.The 1,080 MW offshore wind farm, located in the North Sea 15 kilometres off the Scottish Angus coast…
Oil prices edged lower on Friday but remained on course for a fourth consecutive week of gains, as the latest U.S. sanctions on Russian energy trade added to worries about oil supply disruptions.Brent crude futures were down 41 cents, or 0.5%…
Australian oil and gas company Red Sky Energy has signed a risk service contract with the Angolan National Agency for Oil, Gas and Biofuels (ANPG), acquiring 35% interest in Sonangol-operated Block 6/24 in the Kwanza Basin, offshore Angola.Sonangol…
Oil prices edged up to a 12-week high on Monday as a winter storm boosted demand for energy to heat U.S. homes and businesses, and on support from a weaker U.S. dollar and expectations of tighter sanctions on Iranian and Russian oil exports…
Seaway7, part of Subsea7 Group, has secured a contract for the transport and installation of pin-pile jacket foundations and transition pieces for the 1.1 GW Inch Cape offshore wind farm in Scotland.The contract, valued between $150 million and $300 million…
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