The bosses of Portuguese utility EDP and oil company Galp on Tuesday warned the government the guaranteed price of the power generated will be key to preventing the first auction of floating offshore wind farms from failing like a recent one in Britain…
German offshore wind monopile maker EEW SPC said Monday that the first eight monopiles for the Dominion Energy Coastal Virginia Offshore Wind Project in the U.S. were loaded at the Rostock quayside in Germany, and set sail for the U.S. on September 21…
Bumi Armada Berhad, a Malaysian company known for its FPSO leasing business, said Monday it had, via its subsidiary Armada Akia B.V (“AABV”) and its co-bidder, Pexco Tarakan NV, signed a Production Sharing Contract with the Ministry of Energy…
Italy's Eni was the big winner in an Egyptian auction for oil and gas exploration rights on Tuesday, securing concessions for two of the four blocks outright, according to results from the petroleum ministry. The company also won a third block with BP and QatarEnergy in the Mediterranean Sea…
Principle Power, a provider of floating foundation solutions for the floating wind industry, said Tuesday it had expanded its WindFloat product portfolio to two fully industrialized products: the existing WindFloat tubular design – now called WindFloat T – and the new flat panel…
An arbitration tribunal has delivered a verdict in a drillship order cancellation case involving offshore drilling contractor Northern Drilling and Daweoo Shipbuilding Marine and Engineering (now known as Hanwha Ocean), ruling in favor of Hanwha…
Britain, which was quick to set ambitious climate goals, is now stumbling on the path to reach net zero emissions by 2050 and facing hurdles that could resonate with nations trying to balance their targets with politics and the cost of action…
Spanish renewable energy firm Capital Energy has submitted requests for a preliminary environmental analysis for three floating offshore wind farms with a total power of 2 gigawatts, Portugal's environmental agency APA said on Monday. In July…
The Biden administration will complete its ambitious offshore wind leasing schedule on time next year, the Interior Department told Reuters, despite delays to preparatory work for the auctions and sagging demand from the industry.President Joe…
The U.S. Bureau of Ocean Energy Management (BOEM) said Monday it had completed its environmental review of the proposed Coastal Virginia Offshore Wind (CVOW) commercial project.“The completion of our environmental review marks another step towards…
Venezuela's National Assembly has green-lighted a referendum regarding a territorial dispute with Guyana, Foreign Minister Yvan Gil said on Saturday in an address to the United Nations. Venezuela this week rejected Guyana's recent oil tender…
Offshore installation firm Subsea 7 and SLB's OneSubsea, as part of their Subsea Integration Alliance, have signed a memorandum of understanding (MoU) aimed at forming a framework agreement with BP for integrated subsea developments.Under the framework agreement…
The last major piece of infrastructure needed to start production at Mexico's first floating liquefied natural gas (LNG) plant is set to depart from a Texas shipyard next week, the U.S. Coast Guard said in a notice to shippers.LNG developer…
The Biden administration and environmental groups on Friday said they would appeal a Louisiana federal judge's ruling that ordered an expansion of next week's sale of oil leases in the Gulf of Mexico.The U.S. Interior Department and groups including…
Danish Toymaker Lego has abandoned its most high-profile effort to ditch oil-based plastics from its bricks after finding that its new material led to higher carbon emissions, the Financial Times reported on Sunday. Lego found that bricks made from recycled polyethylene terephthalate (RPET)…