U.S. oil producer Hess Corp on Wednesday reported a better-than-expected quarterly profit, as soaring prices for crude and gas cushioned the hit from lower production.Shale producers in the United States are poised to deliver their strongest…
Japan-based oil and gas firm Inpex has said it has sold its stake in an offshore block in D. R. Congo, from which it produced oil since 1975. An expected significant decline in production is the reason for the sale, Inpex said.Inpex has sold its shares in Teikoku Oil (D…
The Biden administration has announced ambitious plans to scale up leasing for offshore wind energy projects along the Atlantic, Gulf, and Pacific coasts. In an announcement released on Oct. 13, 2021, the U.S. Department of the Interior stated…
Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to invest in wind and solar. Among a dozen U…
Horisont Energi, a Norwegian company developing a blue ammonia project in Norway that involves offshore carbon storage, has signed a four-year framework deal with logistics and supply company ASCO Norge, with an option to extend it.Horisont…
Renewable energy firms Falck Renewables and BlueFloat Energy said Tuesday there were about to file, on behalf of the company Odra Energia, the documentation required to start the authorization process for a floating offshore wind farm off the southern coast of the province of Lecce…
Canadian Prime Minister Justin Trudeau on Tuesday sparked concern in the country's oil patch and hope among green advocates when he named two men with strong environmental records to lead his government's fight against climate change.Steven…
Oil and gas company Neptune Energy Norge AS has concluded the drilling of the exploration well 33/6-5 S (Tail prospect) in the North Sea, off Norway. According to the Norwegian Petroleum Directorate, the well is dry.Neptune drilled the wildcat well using the Deepsea Yantai drilling rig…
Global wind power leader Iberdrola reported a 10% fall in net profit on Wednesday but beat market expectations for a turbulent nine months on energy markets which saw its home government in Spain swoop on utilities' earnings.Power and gas prices…
Offshore driller Seadrill Ltd on Tuesday obtained court approval for its reorganization plan, clearing the way for it to emerge from bankruptcy.U.S. Bankruptcy Judge David Jones in Houston signed off on the plan during a virtual hearing. Under the plan…
Norway's Equinor posted its strongest quarterly result in nine years on Wednesday, driven by a global energy supply crunch that pushed Europe's natural gas prices to record highs and sent the value of derivative contracts soaring.The company…
Exxon Mobil Corp's second floating production system for Guyana, the Liza Unity, arrived early on Tuesday in the South American country's waters, the U.S. oil company said.The production storage and offloading (FPSO) facility is expected to add 220…
U.S. oil major ExxonMobil has awarded a two-year contract for Valaris' drillship Valaris DS-9 for operations in Angola.The drillship, formerly known as Ensco DS-9, will work for ExxonMobil's Angolan subsidiary Esso Exploration Angola.Delivered in 2015 by Samsung Heavy Industries in South Korea…
Belgian offshore installation company DEME Offshore has installed the final and 165th monopile foundation at Ørsted’s Hornsea Two wind farm, in the UK. The wind farm will be the largest offshore wind farm in the world once operational in 2022…
The UK Oil and Gas Authority has said that a total of 29 bids have been submitted for the £1 million ($1,37 million) competition for ideas that could advance the electrification of offshore platforms on the UKCS. Winners to be awarded a share of the fund will be announced in early December…