With the British government's announced plan to increase the windfall tax on North Sea oil and gas producers to 38% from 35% and extend the levy by one year, a move to fund renewable energy projects, U.S. President-elect Donald Trump took to…
Vestas has received a 315 MW turbine supply order for the Oga Katagami Akita offshore wind project in Akita Prefecture in Japan.The project is being developed by Oga Katagami Akita Offshore Green Energy, a consortium consisting of JERA, Electric Power Development (J-POWER)…
[1] Flat Outlook for Global Spend … but … Aadvantaged Projects Attract CapitalWith concerns of a softening oil market, we expect global upstream investment to remain flat or even fall – indeed, the reported 2025 budgets to date show a 3-4% drop…
BG International, a unit of oil major Shell operating in Suriname, plans to submit a plan to the South American country's environmental agency for drilling up to four exploration wells at offshore Block 65, according to a company document seen on Tuesday…
Exxon Mobil wants to preserve its right of first refusal in Hess Corp's sale of its Guyana oil production assets because of the work it has put into developing the country's offshore fields, two of its top executives said on Wednesday.A three…
Houston-based Noble Corporation contracted with Kongsberg Digital for the delivery of navigation, engine and dynamic positioning (DP) simulators based on Kongsberg Maritime’s K-Pos DP system. The simulators will be tailored and integrated with…
Japan’s top oil and gas producer Inpex has joined Trudvang carbon capture and storage (CCS) project offshore Norway, by acquiring 30% of Sval Energi’s 40% share in the scheme.Trudvang CCS is a large-scale CCS project that aims to cumulatively…
W&T Offshore, an independent driller operating in the U.S. Gulf of Mexico, has asked a federal judge to block insurance companies' demands for $250 million in additional collateral for taking apart old oil infrastructure.The offshore drilling…
The value of Norway's sovereign wealth fund, the world's largest, rose to a record 20 trillion crowns ($1.8 trillion) on Friday, doubling its value in just five years as oil and gas revenue flowed in and stock markets rose.Built since 1996 as rainy-day savings…
China's state-owned CHN Energy has begun power generation at a 1 gigawatt (GW) offshore floating solar park, according to a statement on the company's website on Wednesday.Developed by subsidiary Guohua Energy Investment Co, the park is 8 km…
Equinor has made an oil and gas discovery in the North Sea, off Norway, estimated at between 13 and 28 million barrels of oil equivalent.An exploration well with sidetrack has been drilled about 10 kilometers north of the Troll field in the North Sea…
Mitsui O.S.K. Lines (MOL) has signed an agreement with Singapore LNG Corporation, Singapore's state-owned LNG terminal operator, on a long-term time charter contract for one newbuilding floating storage regasification unit (FSRU).The FSRU will be built at Hanwha Ocean in South Korea…
GTT, the technology expert in membrane containment systems for the transport and storage of liquefied gases, has signed a service contract with Coral FLNG for Eni-operated Coral Sul FLNG unit.Under the agreement, GTT will provide technical support…
Energy firms TotalEnergies, Qatar Energy, Petronas, Cybele Energy, Delcorp and International Group Investment have reached agreements with Guyana over terms of production sharing deals to explore five oil and gas offshore blocks, the energy ministry said on Wednesday…
East Timor has talked with Chinese firms including state-owned Sinopec about developing the stalled Greater Sunrise gas field, President Jose Ramos-Horta said on Wednesday, after disagreements with Australia over the shared field's future.The field…
