QatarEnergy has entered into an agreement with Chevron to acquire a 23% working interest in the concession agreement for the North El-Dabaa (H4) Block, in the Mediterranean Sea, offshore Egypt.According to the agreement, QatarEnergy will acquire a 23% interest…
The US Bureau of Ocean Energy Management (BOEM) has made the final Environmental Impact Statement (EIS) for the proposed SouthCoast Wind Project available.If approved, the project could generate up to 2.4GW of offshore wind energy, enough to power more than 800…
Oil prices fell more than 2% on Friday as traders grew less fearful of prolonged supply disruptions from a hurricane in the U.S. Gulf of Mexico, while China's latest economic-stimulus packages failed to impress some oil traders.U.S. West Texas Intermediate futures CLc1 led the decline…
U.S. energy firms this week kept the number of oil and natural gas rigs operating unchanged for a record third week in a row, according to energy services firm Baker Hughes' data going back to 1987.The oil and gas rig count, an early indicator of future output…
Infostealers, a type of malware designed to steal sensitive information from an infected system, has marked significant rise in the first half of 2024 in the maritime domain, Marlink’s Security Operations Center (SOC) has reported.The whole…
RWE has selected Thyborøn Port as the offshore construction base for its 1.1 GW Thor offshore wind farm in the North Sea.Thyborøn will be the home port for the project’s service vessels and the control center for managing marine logistics and traffic throughout the offshore construction phase…
Halliburton third-quarter profit missed Wall Street estimate on a previously disclosed cyber hack that forced the oilfield services provider to pause a share repurchase program, executives said on Thursday.The company's shares fell 5.3% to $28…
World Bank Group, in collaboration with the Republic of Türkiye’s Ministry of Energy and Natural Resources, has launched a new roadmap today which outlines the opportunities and challenges to deliver viable offshore wind projects in Türkiye…
Entrion Wind has secured a U.S. patent for its Fully Restrained Platform (FRP) monopile, which extends the range of traditional offshore wind monopile technology up to 100 meters water depths.Entrion Wind’s FRP monopile design integrates proven…
U.S. liquefied natural gas developers awaiting permits for new export projects this week expressed confidence President-elect Donald Trump will ease the way for their multi-billion-dollar expansion plans.Their confidence is buoyed by Trump's…
ExxonMobil has assumed ownership of the Prosperity floating, production, storage and offloading (FPSO) unit from SBM Offshore, operating at Payara, Guyana’s third offshore oil development on the Stabroek Block.ExxonMobil, through its affiliate ExxonMobil Guyana…
Some of the key strategies to strengthen maritime cyber security include vigilance and proactive measures, timely incident reporting, and continuous improvement of security defenses, according to Marlink’s Security Operations Center (SOC) cyber security threats report…
Angola intends to replicate its maiden multi-year licensing round for oil and gas acreage from 2026, a senior government energy official said on Thursday, as the country looks to boost production and investment.The first multi-year auction for 50 onshore and offshore blocks was for 2019-2025…
Vårgrønn, a joint venture between Eni’s Plenitude and HitecVision, has entered into an agreement to acquire a 27.4% stake in the operational Baltic 2 offshore wind farm in Germany from PGGM Infrastructure Fund.Following the closing of the deal…
Exxon Mobil is expecting the first liquefied natural gas (LNG) output from its project in Mozambique in 2030, a company executive said on Thursday.Exxon along with partners including Eni and China's CNPC are developing an LNG project in northern Mozambique…
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