UK's export credit agency UKEF said Thursday it was providing a £200 million buyer credit guarantee to help finance the Greater Changhua 1 Offshore Wind Farm in Taiwan, 'unlocking the export potential of the UK’s offshore wind sector.''To help the UK build back greener from the pandemic…
Spanish energy group Repsol posted on Thursday forecast-beating fourth-quarter adjusted income, pushing its shares up even though write-downs on the value of oil and gas assets dragged it to a second consecutive annual net loss. Curbs on mobility…
The growing U.S. offshore wind industry will offer 'a substantial number of opportunities' for the local fishermen and mariners to supplement their income, a study commissioned by the New York State Economic Research and Development Authority (NYSERDA)…
Wind turbine maker Siemens Gamesa has secured an extension of the operations and maintenance services agreement at the 600-MW Gemini offshore wind farm in the Dutch North Sea until 2036.The company said in a social media post that the original…
Woodside Energy expects strong buyer interest in the sale of a share of a new production unit at its Pluto LNG plant, top executives said on Thursday, a precondition for a planned $11 billion expansion at its Scarborough gas and Pluto project…
Egypt announced on Thursday the start of a bid round for exploration and exploitation of oil and natural gas in 24 blocks.The round, which concludes on Aug. 1, includes nine blocks in the Mediterranean Sea, 12 in the Western Desert and three in the Gulf of Suez…
French energy firm Engie, and Norway-based Equinor said Thursday they were teaming up in development in 'low-carbon hydrogen activities.' The partners will investigate the production and market potential for hydrogen from natural gas whereby the CO2 will be captured and stored permanently offshore…
DEME Offshore has won a contract to transport and install the jackets and topsides for two substations for the Hollandse Kust offshore wind farms, in the Dutch sector of the North Sea.The company will also supply and install scour protection for both substations…
Aibel and Hitachi ABB Power Grids have secured contracts to deliver the offshore platform and associated transmission link for the third phase of the world’s largest offshore wind farm, the Dogger Bank in the UK.The Dogger Bank wind farm(s)…
Offshore installation and construction company Allseas which is working to get into the subsea mining business, has awarded a contract to Strohm to deliver a composite jumper for its in deepsea mining technology.Last year, Allseas announced…
Oil major BP is launching its first share award scheme to rally its more than 60,000 employees around CEO Bernard Looney’s plan to shift to renewable energy following a bruising year of mass layoffs, bonus suspensions, and spending cuts.The distribution of the shares…
Oil and gas firms in Norway have increased their 2021 investment plans in recent months, but still plan to spend less than last year and to reduce spending in 2022, a national statistics office (SSB) survey showed on Wednesday.The biggest sector in Norway now expects to invest 173…
The European Union's executive will push for a 10-year phase-out of the protection for fossil fuels under an international energy treaty, following calls from some countries to quit the accord unless it can be aligned with Europe's climate goals…
Norway's Aker Solutions has secured a letter of intent from Equinor to carry out the topside work on the Troll B and C platforms offshore Norway to prepare them for power from shore, in order to reduce the CO2 emissions.Aker Solutions said the contract was very large…
Energy group Iberdrola plans to spend more than 1 billion euros ($1.2 billion) on an industrial-scale floating wind power farm off the Spanish coast if it secures help from a fund that seeks to lift Europe out of a coronavirus recession.The…