Mercedes-Benz said on Thursday it had signed a power purchase agreement (PPA) with Spain's Iberdrola for 140 megawatts of wind energy from a Baltic Sea wind park as the automaker looks to make production costs more predictable.Production chief…
James Fisher Subtech has chartered the multipurpose offshore vessel Olympic Taurus from Olympic Subsea with plans to use it in the UK offshore energy industry.The Olympic Taurus has already been mobilized for work from Montrose Port, Aberdeenshire…
The Philippines' Department of Energy said on Thursday it had signed three contracts with a Danish fund manager for offshore wind energy development projects with a total capacity of 2,000 megawatts.There will be a 25-year operating period for…
New rules that cap total Australian greenhouse gas emissions and curb some new gas and coal investments in the country will come into effect on 1 July after parliament passed an upgraded emissions reduction plan on Thursday.The 'Safeguard Mechanism'…
Lime Petroleum, a 91.65% subsidiary Rex International Holding, has been pre-qualified as an operator on the Norwegian Continental Shelf (NCS) by the Norwegian Ministry of Petroleum and Energy. This follows the completion of a pre-qualification process which started in April 2022…
Britain set out plans to boost energy security and tackle emissions on Thursday, but critics said a lack of new investment and incentives meant it failed to provide any new boost for the country's green energy sector.Britain's net zero start…
China's CNOOC more than doubled its net profit in 2022, benefiting from a year of elevated international oil and gas prices following Russia's invasion of Ukraine. The company, one of China's three largest state-controlled oil and gas companies…
Exxon Mobil Corp on Wednesday bid for offshore blocks to store carbon dioxide underground during a government oil and gas lease sale in the U.S. Gulf of Mexico, while rivals Chevron Corp and BP Plc targeted areas for production.The largest U…
Dutch state-owned electric grid company TenneT has awarded 11 contracts worth a combined 23 billion euros ($25 billion) to build systems connecting wind farms in the North Sea to shore, it said on Thursday. The contracts are being awarded to consortia led by Hitachi Energy and by General Electric…
The board of Brazil's state-run oil firm Petrobras on Wednesday resisted pressure from the government to reverse asset sales, citing its obligation to follow a multi-year strategic plan and respect existing contracts. Brazil's Mines and Energy…
Maryland Governor Wes Moore on Wednesday announced goals to more than quadruple the state's offshore wind capacity to 8.5 gigawatts - enough to power nearly three million homes - as part of an effort by the state to achieve 100% clean energy by 2035…
A U.S. government auction of oil and gas drilling rights in the Gulf of Mexico generated $263.8 million in high bids, the most of any sale in the region for years and the first test of demand for investment since the Russian invasion of Ukraine…
Qatar's state-owned energy company on Wednesday signed a deal to acquire from ExxonMobil stakes in two Canadian offshore explorations block, the latest in the Gulf state's efforts to expand its global oil and gas portfolio.QatarEnergy, the world's largest producer of liquefied natural gas (LNG)…
Norway on Wednesday opened tenders for two areas in the North Sea to build wind parks that could produce some 3 gigawatt (GW) of electricity, in a first step towards a goal of producing 30 GW by 2040, garnering strong interest from energy firms…
Norway on Wednesday opened its first tenders to build offshore wind farms, including one area for floating wind, in a step to meet growing electricity demand at home and to build a new industry.'In order to further develop Norway, the answer…