Woodside Energy has signed a 20-year agreement to supply QatarEnergy with up to 3 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) from its Louisiana LNG project in the United States, with deliveries expected to begin in 2030.The…
Global investment firm Carlyle and the European Bank for Reconstruction and Development (EBRD) have agreed to sell Black Sea Oil & Gas (BSOG), Romania's largest offshore natural gas producer, to Mazarine Energy.The transaction covers Black Sea Oil & Gas and BSOG Holding Activity…
A new appraisal well at the Afrodite gas discovery near the Kvitebjørn field in the North Sea has revealed that recoverable gas volumes could be more than twice as large as previously estimated, with recoverable gas and condensate resources…
Norwegian oil firm Aker on Thursday reported a 50% rise year-on-year in third-quarter profit as Middle East supply disruptions boosted prices for North Sea oil and gas.Aker BP's earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to $3…
Shell on Thursday announced above-expectation net profit of $10.81 billion in the third quarter, its highest since 2022, and boosted its share buybacks on the back of stronger refining margins and higher liquefied natural gas prices.The US-Israeli war on Iran…
French oil major TotalEnergies reported a 127% rise in third-quarter earnings on Thursday, beating expectations, as the US-Israeli war with Iran continues to push up oil prices and draw historically high profit margins for refining fuels.Adjusted net income came in at $9…
With USD$9.87 million (8.85 million euros) in funding from the Federal Ministry for Economic Affairs and Energy (BMWE), Fraunhofer IFAM is establishing a new research infrastructure for wind energy. The FOKUS-Wind project will create Germany's…
Germany's Economy Minister Katherina Reiche on Wednesday said companies may return previously auctioned offshore wind farm sites, provided they pay a penalty to transmission system operators, as mounting economic pressures continue to batter the sector…
GE Vernova Inc. announced that it will acquire Trench Group, a provider of high-voltage grid equipment, from investment firm Triton Partners. The deal will create scale across GE Vernova’s Electrification product lines, expanding its capabilities…
Shell has started production at Phase 3 of its Silvertip project in the Gulf of America, bringing additional oil and gas volumes to its operated Perdido spar through two wells expected to deliver combined peak production of up to 6,000 barrels of oil equivalent per day (boe/d)…
BGB Group has secured a framework agreement from PGE and Ørsted to provide offshore scaffolding and construction services for the 1.5 GW Baltica 2 offshore wind farm in Poland, supporting work across the project's four offshore substations.The…
Baker Hughes has secured a significant contract from Eni to supply subsea production systems and services for the Cronos deepwater gas development offshore Cyprus, with initial equipment deliveries expected in the first half of 2027.The contract…
A US regulator proposed new rules on Wednesday to hasten liquefied natural gas projects and expand export capacity as part of the Trump administration's larger push to speed up energy infrastructure development and cut costs for consumers.The…
Thermoplastic composite pipe (TCP) manufacturer Strohm has secured a contract to supply four gas production jumpers for an ultra-deepwater field in Southeast Asia, with installation planned at water depths exceeding 2,200 meters.The contract covers four carbon fibre PA12 TCP jumpers…
An oil spill from a damaged tanker off the coast of the United Arab Emirates has widened, satellite images showed, triggering more beach closures and raising environmental concerns.Images from the European Union's Copernicus satellite observation…