Italian gas group Snam has agreed with Spain's Enagas to explore the construction of an offshore pipeline between the two countries, as Europe scrambles to diversify its energy supply mix and wean itself off Russian gas.Spain has the largest…
BP shareholders on Thursday backed the energy company's climate strategy, while fewer investors than last year supported a resolution filed by an activist group urging faster action to battle climate change.The vote at BP's annual general meeting…
Namibia on Thursday launched a sovereign wealth fund, months after oil discoveries by TotalEnergies and Shell off its coast.President Hage Geingob said at the launch the Welwitschia Fund would get an initial injection of 262 million Namibian dollars ($16…
Norwegian offshore drilling contractor Odfjell Drilling will take over the management of the SFL-owned West Hercules semi-submersible drilling rig from rival Seadrill.Odfjell Drilling said Thursday it had signed a deal with SFL Corporation to…
Empire Offshore Wind, a joint venture between Equinor and BP, has awarded Edison Chouest Offshore (ECO) a long-term service operations vessel charter. The vessel will service the Empire Wind offshore wind farm project located 15-30 miles southeast of Long Island…
Dutch dredging and marine services firm Boskalis raised its full-year core profit forecast on Thursday, pointing to a well-filled order book and favorable market outlook in the short and medium-term.Boskalis, which also offers services and contracting…
Valaris' MS-1 semi-submersible drilling rig, currently anchored in the Dampier outer harbor in Australia, is on schedule to start tow to the Western Gas' Sasanof-1 location on Monday, May 16, 2022, the oil and gas company said Thursday. 'Western…
Environmental groups are suing the Canadian government in a bid to overturn its approval of Equinor ASA's huge Bay du Nord offshore oil project, Sierra Club Canada, one of the plaintiffs, announced on Wednesday.The Canadian government approved the $12 billion Bay du Nord project in April…
Major Canadian pension fund Ontario Teachers' Pension Plan has agreed to invest up to $1 billion in a new offshore wind business launched by Australia's Macquarie Group to develop projects around the world, the companies told Reuters on Thursday…
Norwegian oil company Aker BP has drilled a dry well in the production licence 685, in the Norwegian section of the North Sea, according to the Norwegian Petroleum Directorate.The NPD said Thursday that Aker BP had concluded the drilling of wildcat well 35/4-3…
On Wednesday, French oil & gas major TotalEnergies and U.S. utility Duke Energy were declared provisional winners of the two lease areas auctioned by BOEM, the federal agency in charge of offshore wind area leasing and project permitting. Whilst…
Floating wind foundation maker BW Ideol has partnered up with Japanese electric utility Tohoku Electric Power to conduct feasibility studies necessary to jointly develop a commercial-scale floating offshore wind farm off the coast of Kuji city…
British oil and gas major BP said Thursday it had submitted bids for two offshore wind leases in the Netherlands, with a combined generating capacity of 1.4GW.BP has bid in the tender process for rights to develop the Hollandse Kust (west) Wind Farm Zone (HKW) sites VI and VII…
Malaysian oil and gas company Petronas has, via its PC Mauritania 1 subsidiary, hired the Norwegian offshore services company Havfram for offshore decommissioning work in Mauritania.Havfram will provide engineering, procurement, retrieval, and…
France energy giant TotalEnergies and U.S. power company Duke Energy Corp were the winners of two offshore wind leases in federal waters off the coast of North and South Carolina on Wednesday, the Interior Department said in a statement.Winning bids amounted to $315 million…