Scottish tidal energy technology firm Sustainable Marine said Tuesday that its tidal turbine drivetrain has successfully completed ‘accelerated lifetime testing’ at the Center of Wind Power Drives at RWTH Aachen UniversitySCHOTTEL Hydro, Sustainable Marine’s German engineering partner…
BHP Group has agreed to sell its petroleum business to Woodside Petroleum in a merger to create a top 10 independent oil and gas producer worth A$38.5 billion ($28 billion) with growth assets in Australia and the Americas.BHP's exit from petroleum…
The Biden administration on Monday challenged a federal judge's decision in June to block the Interior Department's pause on oil and gas leasing on public lands and waters - a critical piece of its climate change policy - but will proceed with leasing during the appeals process…
Australian oil firm Woodside said Tuesday it had named acting CEO Meg O’Neill as the company’s Chief Executive Officer and Managing Director. O’Neill succeeds Peter Coleman who retired from Woodside in June 2021. Woodside Chairman Richard Goyder…
Magseis Renewables, a subsidiary of offshore OBN seismic contractor Magseis Fairfield, has entered into a memorandum of understanding to join phase 2 of the Greensand carbon capture and storage (CCS) project consortium. The project entails transporting…
The U.S. Bureau of Ocean Energy Management (BOEM) has completed its environmental review of the proposed South Fork Wind project offshore New York and Rhode Island.South Fork Wind - proposed by Orsted and Evercore - would be New York’s first…
Rising calls to cut carbon emissions and to reduce global warming could generate more offshore partnerships and increase the output of cleaner oil for Brazil, the production chief of state-controlled Petrobras said in an interview.Brazil oil…
Santos Ltd expects its planned takeover of Oil Search, creating a A$20 billion ($15 billion) company, will help the combined group weather the energy transition better than if they remained separate.The companies agreed an all-scrip deal earlier…
Major U.S. oil industry groups on Monday sued the Biden administration for halting drilling auctions on federal lands and waters this year, arguing the government is required by law to hold regular sales.The American Petroleum Institute (API)…
OPEC and its allies, including Russia, believe oil markets do not need more oil than they plan to release in the coming months, despite U.S. pressure to add supplies to check an oil price rise, four sources told Reuters.The price of international…
Saudi Aramco is looking to raise at least $17 billion from the sale of a significant minority stake in its gas pipelines, higher than the $12.4 billion raised from its oil pipeline deal, sources familiar with the matter said on Monday.Potential…
Belgium-based offshore installation firm Deme Offshore has informed that the jacket for the Saint-Nazaire offshore wind substation in France has been successfully installed over the weekend. DEME said Monday that the 48 meters tall jacket would be held in place by four foundation piles…
Challenger Energy, the company until recently known as the Bahamas Petroleum Company, is seeking an extension to the license period for its offshore blocks in the Bahamas after it earlier this year drilled an offshore well that failed to unearth commercial quantities of oil…
Nigerian President Muhammadu Buhari signed into law an oil overhaul bill that has been in the works for nearly two decades, a presidential spokesman said on Monday.The package overhauls nearly every aspect of the country's oil and gas production…
TotalEnergies nad Macquarie’s Green Investment Group (GIG) and have recently secured an electricity business license (EBL) for their floating offshore wind project located off the coast of Ulsan, South Korea.This is the first floating offshore…