Global offshore wind firm Orsted chose to exit a German seabed lease auction, its top executives said on Thursday, after the company expressed concerns about high prices.Germany on Wednesday announced the results of the tender for 7 gigawatts (GW) of capacity in the auction…
According to a new S&P Global Commodity Insights report, more than three-fourths of all oil and gas production in the United States Gulf of Mexico has a lower greenhouse gas (GHG) intensity than the basin-wide average. GHG intensity from shallow…
Offshore wind service provider SeaRenergy has won a contract with the Spanish renewable energy giant Iberdrola for the Baltic Eagle offshore wind farm in the German Baltic Sea for two different service scopes. While SeaRenergy announced the news Thursday…
Jacktel, the owner of offshore accommodation rig Haven, has now formally secured a contract with the Norwegian oil firm Aker BP for the provision of accommodation services to the Valhall PWP - Fenris project.The contract was first announced in December 2022…
The Australian Government has declared an area in the Pacific Ocean off the Hunter, New South Wales (NSW) as suitable for future offshore wind development.The announcement follows the declaration of Gippsland off the Victorian coast and will improve energy security…
UK North Sea-focused oil company Ithaca Energy has signed a deal to acquire a 40% stake in the Fotla Discovery it doesn't already own and three offshore exploration licenses from Spirit Energy.'The acquisition, which is subject to the satisfaction…
Six environmental groups on Wednesday asked the Biden administration to end the 'routine fast-tracking' of offshore oil and gas projects in the Gulf of Mexico, which they claim undermines environmental protections and safety.Earthjustice, the Sierra Club…
Norwegian oil group Aker BP on Thursday reported a rise in second-quarter earnings that matched expectations as record production offset weaker prices for oil and gas, and lifted its full-year production outlook. Norway's second-largest listed oil company…
Texas-based oilfield services company Weatherford has won a five-year contract to provide Intervention Services for Petróleo Brasileiro S.A. ('Petrobras') in Brazil.'Weatherford has performed Intervention Services in Brazil for more than 20…
The British government granted development consent for the Hornsea 4 offshore wind farm project on Wednesday. The project, being developed by Danish wind developer Orsted will be located off the Yorkshire coast in England. The wind farm will have a capacity of up to 2…
Oil majors BP and TotalEnergies emerged as the winners in a 7 gigawatt (GW) offshore wind site auction in Germany worth 12.6 billion euros ($13.96 billion), highlighting the appeal of renewable assets across Europe.The move comes as European…
Offshore installation firm McDermott has secured a major subsea pipelines and cables engineering, procurement, construction, and installation (EPCI) project from Qatargas.The award is related to the North Field Production Sustainability (NFPS) Offshore Fuel Gas Pipeline and Subsea Cables Project…
U.S. offshore vessel owner Hornbeck Offshore Services, best known for its offshore oil and gas support vessel services, is looking at business opportunities in the growing U.S. offshore wind sector as well as in offshore accommodation services in the oil and gas area…
Equinor has evacuated some staff and reduced output at its Mongstad oil refinery on Norway's west coast after a lightning strike near the plant disrupted power supplies, it said on Wednesday.Mongstad is Equinor's largest refinery with a crude oil and condensate distillation capacity of 226…
The Danish Energy Agency has granted Swedish utility Vattenfall a license to produce electricity from two offshore wind farms on Denmark's west coast, it said on Wednesday.Vattenfall has said previously it aimed to start production from the two wind farms…