Colombia is proposing to force bidders for offshore wind projects to give a state company a stake in the developments, as part of a wider set of draft modifications to the rules governing the process published this week.The government of President Gustavo Petro…
Gulf Island Fabrication said Thursday that its subsidiary, Gulf Island Shipyards, had resolved its lawsuit with the U.S. offshore vessel operator Hornbeck Offshore Services relating to the construction of two multi-purpose supply vessels (“MPSV”)…
TotalEnergies has selected Elemental Energies to support what has been described one of the largest subsea decommissioning campaigns to be undertaken in the North Sea.'The decommissioning of the wells portfolio in the Gryphon field [in the…
Oil major BP has selected offshore installation contractor Allseas to complete the subsea pipelay scope for its ultra-deepwater Greater Tortue Ahmeyim (GTA) natural gas project offshore Mauritania and Senegal.Allseas will conduct the offshore…
The chief economist of oil major Equinor said on Wednesday that Europe could reduce carbon dioxide emissions by 70% by 2050, but said oil and gas investments must continue in ordre to keep pace with growth in demand. The CO2 cuts will mainly be due to the region's growth in electrification…
Italy's Saipem, in consortium with Abu Dhabi's National Petroleum Construction Company (NPCC), has signed today a letter of award with ADNOC for an offshore construction contract related to the freshly sanctioned Hail and Ghasha Development Project in the United Arab Emirates…
Abu Dhabi-based oil and gas company ADNOC has reached the final investment decision and award of contracts for the Hail and Ghasha Offshore Development project offshore Abu Dhabi.Hail and Ghasha are part of Abu Dhabi’s Ghasha Concession which is set to produce more than 1…
Exxon Mobil Corp chose BlackRock as the potential buyer for its majority stake in Italy's main liquefied natural gas (LNG) import terminal, the U.S. oil producer said in a statement.The stake sale drew interest from infrastructure funds and…
QatarEnergy confirmed Wednesday it had won a new exploration block offshore Egypt as part of the 2022 EGAS International Bid Round.The results of the competitive bid process were announced by Egypt’s Ministry of Petroleum and Mineral Resources…
A wind energy developer owned by France's TotalEnergies and a unit of Macquarie said on Monday it is bidding to build a wind farm off New Jersey's coast, expressing confidence in the sector after a series of U.S. setbacks.Spinning power from…
BP is exploring the sale of a 49% stake in its U.S. oil and gas pipeline network in the Gulf of Mexico, hoping to raise as much as $1 billion, according to people familiar with the matter.The potential divestment would help BP meet its targets to reduce debt and maintain its dividend…
Dutch offshore installation services company Van Oord is set to start the cable installation works on Iberdrola's Baltic Eagle offshore wind farm in Germany.'After Van Oord’s heavy lift installation vessel Svanen completed installation of all…
Renewable energy firm RWE said Wednesday it was funding a study to investigate the quayside offload and launch of two types of floating offshore wind platforms – one steel and one concrete – alongside the integration of next-generation wind turbine generators onto these platforms…
Sapura Energy said Monday that Brunei Shell Petroleum had issued notices of arbitration to its subsidiaries Sapura Fabrication and Sapura Offshore.Brunei Shell Petroleum is seeking arbitration against Sapura Fabrication in relation to the Salman development…
Brazilian state-run oil group Petrobras plans to invest around $300 million to drill two exploratory wells in the deep waters of the Potiguar Basin after environmental licenses were issued last week, a top executive said in an interview.The…