The UK Government has selected two industrial clusters as Track-1 clusters for the development of carbon capture utilization and storage projects, putting them on course for launch by the mid-2020s with financial support from the government…
Belgium's largest offshore wind farm, the 487MW SeaMade that can power 500,000 Belgian households, has now been officially inaugurated.The news of the inauguration was shared Wednesday by Ocean Winds, a joint venture created by EDP Renewables and ENGIE (50:50)…
Oil and gas company Chevron has chartered Edda Accommodation's Edda Fides offshore accommodation unit for operations support in Australia, starting in the second quarter of 2022.Currently on a charter with Norway's Equinor, mono-hull vessel…
Oilfield firm Baker Hughes Co reported a quarterly profit that fell short of Wall Street expectations on Wednesday, sending its shares down sharply in pre-market trading.Oil producers and service firms are expected to be supported by a rebound…
Fugro has won a two-year contract with India's marine service firm OCS Services to support its asset integrity and corrosion management operations off the west coast of India.Fugro said Tuesday it would help OCS deliver on ONGC’s Protective Coating of Process Platform Project 1 (PCPP1)…
Italy's Falck family will sell its controlling stake in Falck Renewables to a JPMorgan-owned infrastructure fund for 1.5 billion euros ($1.8 bln), the company said on Wednesday.Under the agreement, Infrastructure Investment Fund (IIF), which is run by JP Morgan Investment Management…
Three marine seismic data acquisition and processing companies TGS, CGG, and BGP have signed a multi-client agreement with Suriname's national oil firm Staatsolie.Under the agreement, the consortium will be able to acquire, promote and license multi-client seismic programs…
Danish renewables firm Ørsted A/S said on Tuesday it had signed an agreement to sell 50% of its 900-megawatt (MW) German offshore wind farm Borkum Riffgrund 3to fund manager Glennmont Partners.Ørsted said the around 9 billion Danish crown ($1…
Oslo-listed oil and gas company BW Energy has brought online the Gamba well DTM-7H as part of the Tortue Phase 2 field development in Gabon. The final well, DTM-6H, in the Dentale formation, is scheduled to come onstream in the coming days. Current…
The Philippines' energy ministry on Tuesday defended the sale of an oil and gas concession to a firm controlled by an ally of President Rodrigo Duterte, dismissing a graft complaint that alleged preferential treatment as 'malicious'.Udenna Corp…
The British government on Tuesday published a Net Zero Strategy aimed at ending the country's contribution to climate change.Here are some of the key pledges and policies set out in the document:PowerAim: to fully decarbonise the power system…
British Prime Minister Boris Johnson on Tuesday set out his ambition for a green revolution that he hopes will force Western economies to kick their addiction to fossil fuels.Britain at the end of the month hosts the COP26 U.N. climate talks in Glasgow…
U.S. oilfield firm Halliburton Co on Tuesday posted its third consecutive quarterly profit, as a jump in oil prices and drilling activity boosted demand for its services and equipment.Oil prices have rallied to multi-year highs with global crude futures climbing 4…
Indonesia has cut its oil and gas production targets for this year, officials at industry regulator SKK Migas told reporters on Tuesday, as the coronavirus pandemic impacted new projects.The oil lifting target for 2021 was cut to 665,000 barrels per day (bpd) from an earlier target of 705…
U.S.-based oil and gas company Talos Energy has partnered up with oilfield services firm TechnipFMC to develop and deliver technical and commercial solutions to Carbon Capture and Storage ('CCS') projects along the United States Gulf Coast.'The…