Energy News


Dajin Offshore to Supply Wind Turbine Foundations for Nordseecluster Offshore Germany

May 05, 2023

RWE and Northland Power have selected Dajin Offshore as the preferred supplier of offshore wind turbine foundations for their up to 1.6-gigawatt (GW) Nordseecluster offshore Germany. The Nordseecluster cluster will consist of four offshore wind farm sites in the German North Sea…

NOV Wins New Contract to Supply Wind Turbine Installation Vessel Design to Havfram

May 05, 2023

NOV has signed a new contract with China's CIMC Raffles to supply another GustoMSC™ NG-20000X self-propelled wind turbine installation jack-up vessel design for Havfram, an offshore wind services company based in Norway, which recently ordered its second wind turbine installation vessel from CIMC…

ConocoPhillips Sees 'light at end of the tunnel' for Venezuela Claims - CEO

May 05, 2023

U.S. oil and gas producer ConocoPhillips on Thursday said it sees 'light at the end of the tunnel' in long-running claims for expropriation of its Venezuelan assets, as it appeals an $8 billion arbitration award and pursues another lawsuit in the U…

Ithaca May Top Up UK Cambo Oilfield Stake as Shell Tries to Sell

May 05, 2023

Ithaca Energy said on Friday it had signed an agreement with Shell to market the oil major's 30% stake in the Cambo oil prospect in the UK North Sea, with a potential for Ithaca to increase its ownership. Shell pulled its support for Cambo in late 2021 citing economic reasons…

TenneT Sale Talks Slow as Germany, Netherlands Differ on Price, Offshore

May 04, 2023

Talks on a planned sale of Dutch state-owned electricity grid operator TenneT's German unit to Berlin have hit a hitch over price, the company's outstanding bonds, and offshore infrastructure, people familiar with the matter said.The sale would…

Mexico's Pemex Quarterly Profit Nearly Halves as Sales, Revenues Fall

May 04, 2023

Mexican national oil company Pemex said on Wednesday its net profit almost halved in the first quarter to $3.15 billion, as weaker sales outweighed lower costs and currency gains from a stronger peso.In a securities filing, Pemex said profit declined from about $6…

Greater Sunrise Offshore Gas Project Decision Expected by November, Timor Gap CEO Says

May 04, 2023

The head of East Timor's national oil company said he expects a decision by November on whether to pipe natural gas from its offshore Greater Sunrise project to the Southeast Asia island or to Australia for liquefaction and export.Production at the new field could start around 2030…

Aker Solutions Secures Sizable Order for Deepwater Technology in West Africa

May 04, 2023

TotalEnergies has awarded Aker Solutions a contract to provide its deepwater standard Subsea Production Systems for three additional infill wells tied back to the Moho Nord field in the Republic of the Congo. Aker Solutions said the order was a sizable one…

North Sea Renewables Grid Project to Provide Clean Power to Offshore Oil and Gas Platforms

May 04, 2023

Cerulean Winds plans to build an offshore integrated green power and transmission system, powered by floating wind, that North Sea oil and gas platforms will plug into for clean power, under the project called the North Sea Renewables Grid (NSRG)…

Technip Energies Sets Up Green Hydrogen JV, Beats Quarterly Earnings Expectations

May 04, 2023

French oil and gas services group Technip Energies on Thursday announced a green hydrogen solutions joint-venture with Belgian group John Cockerill, while reporting stronger-than-expected first-quarter earnings. The need to combat climate change…

Shell Posts Q1 Profit of $9.65B

May 04, 2023

Shell on Thursday posted first-quarter net profit of $9.65 billion, topping analysts' forecasts, as strong earnings from fuel trading offset cooling oil and gas prices. Shell kept its dividend unchanged at $0.2875 per share and also kept the…

BOEM Invites Public Input on Offshore Wind Research Lease in Gulf of Maine

May 03, 2023

The U.S. Bureau of Ocean Energy Management (BOEM) plans to review potential environmental impacts related to the possible issuance of an offshore wind energy research lease in the Gulf of Maine. The State of Maine requested the lease to research potential floating offshore wind energy development…

Falkland Islands: Argos Resources Plans to Wind Up Company After Sale of Sole Asset PL001

May 03, 2023

Oil and gas exploration company Argos Resources is set to sell its sole asset, the PL 001 production license in the North Falkand Islands, which is estimated to hold around 3 billion barrels of oil, to JHI. After completing the transaction,…

EEW SPC to Deliver 36 Monopiles for Denmark's Largest Offshore Wind Farm

May 03, 2023

Germany offshore wind monopile foundation manufacturer EEW SPC has won a contract from RWE to produce 36 of the total 72 foundations for the Thor offshore wind farm in Denmark.EEW SPC will build the monopiles at its Rostock site in Germany.…

TotalEnergies Sues Greenpeace Over Emissions Report

May 03, 2023

French oil major TotalEnergies has sued environmental group Greenpeace France and climate consulting firm Factor-X over a report claiming the company massively underestimated its 2019 greenhouse gas emissions, TotalEnergies said on Wednesday…

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