Shell will ramp up dividends and share buybacks while keeping oil output steady into 2030 as part of CEO Wael Sawan's efforts to regain investor confidence that wavered over its energy transition plan.In a new financial framework announced on Wednesday…
A Dutch intelligence agency tipped off the CIA about an alleged Ukrainian plan in June 2022 to blow up the Nord Stream pipeline, Dutch national broadcaster NOS reported on Tuesday.The NOS report, which was compiled with help from leading German media outlets…
The PGE Group and Ørsted have awarded an engineering, procurement and construction (EPC) contract for four 375 MW offshore substations for the Baltica 2 project in Poland to a consortium consisting of Semco Maritime and PTSC Mechanical & Construction…
Shipbuilder Vard on Monday held the steel cutting ceremony for a North Star service operation vessel at Vard Vung Tau in Vietnam.This is the fourth SOV to be delivered from VARD to North Star for operation on the Dogger Bank offshore wind farm in the UK North Sea…
Norwegian energy firm Equinor has selected the engineering firm DORIS to provide Owner’s Engineering services under a Master Services Framework Agreement for offshore wind and low-carbon projects. Across the five-year agreement, DORIS will provide…
India’s Oil and Natural Gas Corporation (ONGC) has recently moved 36 offshore drilling rigs to new locations in advance of the monsoon season, with assistance from ABL.'ABL have assisted as tow master and marine warranty service (MWS) provider on the rig moves…
Frontera Energy Corporation, in partnership with CGX Energy, said Tuesday it had reached total depth (TD) of 20,450' on the Wei-1 bypass exploration and appraisal well (Wei-1BP1), offshore Guyana.The original Wei-1 wellbore reached a depth of 19…
The UK’s pipeline of offshore wind projects has reached 97,944 MW, up from 91,287MW a year ago, while the global pipeline topped 1.23TW, an increase of nearly 400GW in the last year. This is according to RenewableUK’s latest EnergyPulse market intelligence data report…
Danish offshore wind installation services firm Cadeler said Tuesday it had completed the installation of the final offshore wind turbine at Vattenfall's Hollandse Kust Zuid wind farm in the Dutch North Sea.'With a capacity of 1.5 GW, [Hollandse…
Strohm, a company making Thermoplastic Composite Pipe (TCP), has been awarded a 3 million euros contract to supply carbon fibre/PA12 composite jumpers to Aker Solutions to support work being carried out at TotalEnergies’ Moho Infill project in the Republic of the Congo…
DNV, Institute of Energy Vietnam, and PTSC M&C have signed a memorandum of understanding to deliver one of Vietnam’s first offshore wind power assets.With the Government of Vietnam recently approving Power Development Plan 8, offshore wind power…
In a Westwood survey on offshore wind cost inflation, nearly three-quarters of industry players indicated that they had started reviewing the viability of their projects in light of recent cost increases, with over 90% indicating that decision-making had slowed as a result…
French oil major TotalEnergies on Tuesday announced the Ntokon oil and gas discovery on OML102 block offshore Nigeria. Located in shallow waters, 60 km off the southeast coast of Nigeria, the Ntokon-1AX discovery well encountered 38 meters of net oil pay and 15 meters of net gas pay…
Valeura Energy said Tuesday it had completed the Nong Yao field infill drilling campaign in Thailand and recent increases in oil production.Valeura has drilled two horizontal infill wells on its Nong Yao oil field at Licence G11/48 in Thailand…
Norwegian oil and gas company Equinor has completed the drilling of wildcat well 31/2-24, drilled about three kilometers west of the Troll field in the North Sea, offshore Norway. The well came up dry, according to the Norwegian Petroleum Directorate…