Royal Dutch Shell said on Thursday it had scrapped plans to develop the Cambo oil field in the British North Sea, which became a lightning rod for climate activists seeking to halt the development of new oil and gas resources.Following 'comprehensive screening' of the Cambo field…
Malaysian oil and gas giant Petronas has awarded two Front End Engineering Design (FEED) contracts to a JGC Corporation-Samsung Heavy Industries consortium and to Saipem as part of an international dual FEED design competition for a nearshore liquefied natural gas (LNG) project in Sabah…
Floating wind industry foundation developer BW Ideol has signed an agreement to acquire a 5% ownership in the 30MW EolMed floating wind pilot project in the French Mediterranean.'This investment confirms the company’s dual-track growth strategy…
NorthStone Advisers, a company describing itself as 'an energy sector specialist provider of market analysis, growth strategy, and organizational development has this week officially launched in Aberdeen, UK.Created by a group of industry experts…
The UK Oil and Gas Authority has granted Orcadian Energy a “Letter of no objection” related to the oil and gas company's development concept for the Pilot field in the UK North Sea.The letter signals the finalization of the “Assessment phase”…
Greenalia, a Spanish firm working to build a 50MW floating wind farm off the Canary Islands, has received authorization in terms of aeronautical easements by AESA (State Aviation Safety Agency) for the assembly of the four wind turbines of the Gofio wind farm…
Eneti, an offshore wind installation company in the making, said Thursday it had entered into a binding agreement for the construction of one wind turbine installation vessel (WTIV).The company, formerly known as Scorpio Bulkers, ordered the…
Maersk Training has said it has won a six-figure contract to provide Training Management Services (TMS) for Boskalis Subsea Services’ 1000-strong global workforce. The contract is for three years with a two-year extension option.Maersk Training will deliver solutions for offshore survival…
Singapore state investor Temasek is working with its portfolio companies to help them become more green as advancing sustainability goals becomes the new normal, the firm's chief sustainability officer said on Thursday.Temasek, with a portfolio valued at S$381 billion ($278…
In announcing project sanction on the Scarborough and Pluto Train 2 project last week, Woodside CEO Meg O’Neill emphasized that as well as being both low carbon and globally cost-competitive, it was the strength of demand “particularly in our…
Brazilian Economy Minister Paulo Guedes said on Wednesday that state-run oil company Petrobras should be privatized before it becomes irrelevant and oil loses value, suggesting the government could use the sale proceeds to reduce poverty.Citing…
Exxon Mobil on Wednesday set annual capital spending through 2027 at $20 billion to $25 billion, allocating money to low-carbon projects and extending its previously projected investment rate for two years.The top U.S. energy producer slashed costs after a historic $22…
SSE Renewables, with partner Equinor, has reached financial close on Dogger Bank C, the third phase of what will be the world’s largest offshore wind farm, located in the UK North Sea.The two firms are already building the first two phases of Dogger Bank Wind Farm…
Halliburton has not proposed buying Exxon Mobil's stake in Iraq's West Qurna 1 oilfield, a spokesperson for the U.S. oil services company said on Wednesday, denying comments from a senior official from Iraq's Basra Oil Co. (BOC).'We are not…
Danish offshore wind farm developer Ørsted has taken the final investment decision (FID) on the two German offshore wind farms Gode Wind 3 (242 MW) and Borkum Riffgrund 3 (900 MW), expected to be commissioned in 2024 and 2025, respectively.Rasmus Errboe…