Offshore wind turbine maker MHI Vestas has awarded a contract to the Norwegian offshore vessel operator for the charter of the construction support vessel Normand Fortress.Under the contract, the vessel will support MHi Vestas' Walk-to-work operations at the Triton Knoll wind farm in the UK…
Venezuela's state-run oil company PDVSA has begun marketing about 570,000 barrels of Corocoro medium crude recently offloaded from a floating facility that was listing last year, two sources with knowledge of the offer said on Friday.Crude onboard…
Even as the U.S. economy makes the switch over coming decades to renewable energy like wind and solar, the nation needs to ensure its fossil fuel industry stays healthy, a top U.S. central banker said on Friday.'The challenge for the country will be to transition…
The Indian government may give Cairn Energy a surrendered oil field such as the Ratna R-Series [offshore the west coast] in lieu of an arbitration award against the South Asian country, according to a Press Trust of India report in financial daily Mint…
Norway-based seismic survey services provider Shearwater GeoServices has won a contract for a marine seismic 3D survey in South East Asia.The company, owned by Rasmussengruppen, GC Rieber Shipping ASA, and Schlumberger, said that the contract was for two months…
U.S. petroleum inventories have continued to converge down towards the five-year average, a sign that oil market rebalancing remains on track, despite the resurgence of the coronavirus since the end of 2020.Total stocks of crude oil and products…
More than 135 investors managing more than $2 trillion are forming a coalition to push Exxon Mobil Corp into making sweeping changes including refreshing its board and focusing more on energy transition, people familiar with the matter said on Friday…
Brazilian oil firm Petrobras has said it has identified the presence of hydrocarbons in the wildcat well in the block C-M-411, in the pre-salt region in the Campos Basin, off Brazil.The well 1-BRSA-1377-RJS, informally known as Urissanê, is located approximately 200 km from the coast…
Canada-based Northland Power has entered into an agreement with Poland's PKN ORLEN to acquire a 49% interest in the Baltic Power offshore wind project in the Baltic Sea with a total capacity of up to 1,200 megawatts (MW) of offshore wind generation…
Oil major Shell has this week signed an agreement to join a floating wind project in the Celtic Sea, offshore Ireland.The agreement, signed with Irish developer Simply Blue Energy, will see Shell acquire a 51% share of their Simply Blue Energy Kinsale venture…
Scotland-based wave energy technology company developer Mocean Energy is gearing up to deploy its scale prototype, Blue X wave energy converter at the European Marine Energy Centre (EMEC) in Orkney, Scotland.Mocean Energy has signed a berth agreement to test at EMEC’s Scapa Flow test site…
Scottish regional development agency, Highlands and Islands Enterprise (HIE), has approved an investment of up to £8.3m in Scottish Government funding for an £18.9m project to develop the East Quay at Global Energy Group's Port of Nigg facility…
U.S. President Joe Biden's nominee for energy secretary, Jennifer Granholm, defended his administration's push for a clean energy transition as senators from fossil fuel producing states raised concerns about its impact on jobs at her Senate confirmation hearing on Wednesday…
Republican senators from oil-producing states introduced legislation on Thursday that would block the Biden administration's order pausing new oil and gas leasing on federal lands.The bill, introduced by Senator Bill Cassidy of Louisiana and 24 other senators…
Prysmian, one of Europe's largest power cable manufacturers, has hired Tekmar Energy to provide a cable protection system to be deployed at the Neart na Gaoithe (NnG) offshore wind farm in the UK.The 450MW NnG project, jointly owned by EDF Renewables and ESB…