Oil producers Chevron Corp and Talos Energy Inc on Monday said they have tripled the size of a proposed carbon capture and storage hub for the Gulf Coast.Their joint venture, which includes Carbonvert Inc, plans to collect and bury greenhouse gases from clients in the petrochemical…
Barcelona-based floating wind technology firm X1 Wind said Tuesday that its X30 floating wind prototype, installed in the Canary Islands, Spain, has produced its first kWh.The company said the milestone marked the world’s only floating wind platform currently installed with a TLP mooring system…
EDF Renewables, Jan De Nul Group, and Luminus have teamed up to bid for a commercial-scale offshore wind tender for the first phase of the Princess Elisabeth Zone in Belgium.The Princess Elisabeth Zone is an area identified by the federal government…
Negotiations for the construction of a $30 billion liquefied natural gas (LNG) terminal between Tanzania, Norway's Equinor and Britain's Shell are complete and contract preparations are underway, Tanzania's energy ministry said.The development…
John Wood Group said on Tuesday it was considering rejecting the latest buyout proposal from private-equity firm Apollo Global Management Inc, citing that the offer undervalued the British oilfield services and engineering company. The proposal by Apollo on March 6…
Norwegian offshore support vessel owner Solstad Offshore has agreed to sell 37 platform supply vessels to the U.S. firm Tidewater for $577 million.The sale will mark Solstad Offshore's exit from the platform supply vessel sector. Ongoing PSV charter parties will be transferred to Tidewater…
BP hasn't fallen out of love with renewables. It just wants to have more power. CEO Bernard Looney's pursuit of green energy outstripped all rivals three years ago when he outlined a radical blueprint to move away from fossil fuels. Last month he applied the brakes…
Oil and gas companies Equinor, PGNiG, and Longboat Energy have relinquished the license in Norway containing the Egyptian Vulture offshore oil discovery, but Longboat plans to re-apply for the acreage as it believes the discovery has high potential…
Oilfield services giant SLB, until recently known as Schlumberger, on Monday introduced the EcoShield geopolymer cement-free system that it says minimizes the CO2 footprint of a well’s construction.' This innovative technology eliminates up…
Kongsberg Digital has entered into a strategic agreement with the integrated energy company Chevron Technical Center, a division of the U.S. oil major Chevron, to digitize its global assets using Kongsberg Digital's digital twin technology. The agreement includes a multi-year commitment…
Offshore drilling contractor Valaris said Monday it had secured contracts for two drillships and one jack-up rig. One of the drillships in question is the Valaris DS-8, which secured a three-year, $500 million contract with Petrobras in Brazil…
Denmark has resumed its review of two of the 33 offshore wind farm applications it suspended last month over worries of breaching European Union state aid rules, the Energy Agency said on Friday.Denmark, which aims for a fivefold increase in offshore wind power capacity by 2030…
India's top explorer, Oil and Natural Gas Corp has signed a memorandum of understanding with French major TotalEnergies for exploration of deep-water blocks, the company tweeted on Monday.India, the world's third biggest oil importer and consumer…
Five companies have applied for an area in the Norwegian section of the North Sea for potential storage of CO2, The Norwegian Ministry of Petroleum and Energy said Monday.According to the plan, acreage will be awarded in the first half of this year…
Petrobras could face lawsuits for breach of contract after the company halted planned asset sales at the request of Brazilian leftist President Luiz Inacio Lula da Silva's government, specialist lawyers said on Friday.Petroleo Brasileiro SA…