Harbour Energy narrowed its annual production forecast range on Thursday, pulled down by a halt in sub-sea and platform drilling and a delay in some Beryl oilfield production wells coming online.Shares in Britain's largest North Sea oil and gas producer fell by more than 2% in morning trade…
Morgan Stanley's infrastructure investment arm is teaming up with U.S. maritime, energy and logistics solutions company Crowley to advance offshore wind energy solutions for the United States.Investment funds managed by Morgan Stanley Infrastructure Partners (MSIP)…
Israel on Wednesday said it will boost natural gas production from its offshore Tamar field and increase exports to Egypt, which is contending with rising demand and falling output.Exports to Egypt will be increased by an additional 38.7 billion cubic meters (bcm) of natural gas over 11 years…
Guyana has gained a larger share of Europe's oil market this year, vessel monitoring data showed, driven by rising output by a consortium led by ExxonMobil and strong demand for light sweet crude grades amid a reshuffling of global oil flows…
Norwegian energy firm Equinor and its partners inaugurated the world's largest floating offshore wind farm on Wednesday, whose output will supply nearby oil and gas platforms and cut their greenhouse gas emissions.The Hywind Tampen wind farm…
Threatened strikes by workers at Australian liquefied natural gas (LNG) providers would need to last more than a month to significantly push up global prices, analysts said this week.The Woodside Energy and Chevron operations supply about 10%…
The U.S. Department of the Interior's Bureau of Ocean Energy Management (BOEM) on Tuesday approved the construction of a 704-megawatt (MW) wind farm off the coast of Rhode Island, the fourth major offshore wind project the agency has greenlit…
Top U.S. energy companies last year paid out more of their earnings to shareholders than they invested in new oil and gas fields for the first time, according to a report released on Tuesday.The outlook for stronger energy prices has not changed the focus on investor returns from the U…
Crude oil futures stabilized on Monday after briefly turning negative following gains of more than $1 earlier in the session, as markets weighed supply tightness against expectations of slow demand growth, particularly from China.Brent crude was up 14 cents to $84…
While trouble areas continue to emerge in the young U.S. offshore wind industry, analysts at Intelatus Global Partners maintain an optimistic outlook for the industry in the long term.The business intelligence and consulting firm said in its latest U…
Colombia needs to rebuild trust between communities, businesses and the government to successfully execute its energy transition, Minister of Mines and Energy Andres Camacho told journalists on Thursday. Camacho, an electrical engineer who previously worked in the ministry as an adviser…
The Norwegian Ministry of Petroleum and Energy awarded one CO2 storage license in the North Sea to Sval Energi AS, Storegga Norge AS, and Neptune Energy Norge AS.'Carbon capture and storage of large amounts of CO2 is important to reach our climate…
Swiss-based firm Implenia and NorSea's WindWorks Jelsa have signed an agreement to develop a production and assembly facility for large concrete or steel structures for the floating offshore wind industry at Norway’s west coast.Implenia and NorSea will become equal minority shareholders (approx…
Dutch offshore and marine services firm Boskalis said its Offshore Energy division saw its revenue increase by 50%, with an EBITDA increase of almost 70% in the first half of 2023.All business units within the Offshore Energy branch saw increases in both revenue and earnings…
Chevron faces the prospect of work stoppages or even an all-out strike at Australia's second-largest liquefied natural gas (LNG) plant at Gorgon and at its Wheatstone operations after voting opened on Friday for a union ballot. Australia is one of the largest exporters of LNG to the world…