Shell Offshore, a U.S. subsidiary of Shell, has reached the Final Investment Decision (FID) for Sparta, a deepwater development in the U.S. Gulf of Mexico. Owned by Shell Offshore (51% operator) and Equinor Gulf of Mexico (49%), Sparta is expected to reach a peak production of approximately 90…
Dutch lender ING will stop financing oil and gas exploration and production by 2040 and triple new lending to renewable energy over the next two years as part of an updated climate strategy, the bank's chief executive told Reuters.Investors…
Offshore services firm Subsea 7 has extended an existing frame agreement with BP for subsea construction, inspection, repair and maintenance (IRM) services across the oil and gas major’s North Sea assets.This is the latest extension since the original frame agreement began in 1998…
Spanish company BlueFloat Energy has partnered up with Sydney-based Origin Energy to develop a 1.7GW project at Australia’s Hunter offshore wind zone.The partners have already applied for a Feasibility License to develop the project dubbed Eastern Rise…
Mubadala Energy has made a significant gas discovery from the Layaran-1 Exploration well, drilled in South Andaman, offshore North Sumatra in Indonesia.Mubadala Energy is the operator of the South Andaman Gross Split PSC and this is the first deep water well operated by the company…
BP's board has shortlisted interim CEO Murray Auchincloss and two senior female executives as internal candidates to replace Bernard Looney as chief executive, three company and industry sources told Reuters.BP was thrown into turmoil after…
Norwegian energy industry giant Equinor has entered long long-term gas sales agreements with Germany’s state-owned energy company SEFE (Securing Energy for Europe), which also cover prospects for low-carbon hydrogen supplies.Under the agreements…
The Dutch government, through Energie Beheer Nederland (EBN), is stepping in as an active partner in the world’s first project that aims to produce green hydrogen on an operational gas platform in the North Sea.The PosHYdon project will integrate…
UTEC Survey Asia, a Geo-services brand in Acteon’s Data and Robotics division, has entered a strategic agency agreement with Front End, a 100% Saudi-owned company providing advanced products and solutions to the offshore energy industry.This…
Norwegian offshore vessel operator DOF Group has secured two new projects – one in the North Sea and the other in Asia Pacific region – whose combined revenue is expected to bring in $30 million to the company. The first contract for DOF covers engineering…
Oil prices were little changed on Tuesday as investors eyed the impact on oil supply after attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels.Brent crude futures rose 6 cents to $78…
The installation of the first offshore substation platform (OSP) for Ocean Winds’ Moray West offshore wind farm has been completed by Boskalis, using its DP vessel Bokalift1.The heavy lift operations in the Port of Nigg and on-site were completed successfully and safely…
Ailes Marines, a fully-owned subsidiary of Iberdrola, has completed the installation of all 62 wind turbines that form the Saint-Brieuc offshore wind farm in France.Less than three years after the start of construction and installation works…
UK oil and gas company Tower Resources has hired Borr Drilling’s Norve jack-up rig for the drilling campaign offshore Cameroon in central Africa. The Norve jack-up rig, part of Borr's fleet of high-specification drilling units, will be put to…
Swiss power production and distribution utility BKW and OWP Butendiek, an offshore wind farm based in northern Germany, have signed a long-term power purchase agreement (PPA). Starting in July 2024, BKW will purchase 18% of its total production…