Australian oil and gas company Red Sky Energy has signed a risk service contract with the Angolan National Agency for Oil, Gas and Biofuels (ANPG), acquiring 35% interest in Sonangol-operated Block 6/24 in the Kwanza Basin, offshore Angola.Sonangol…
Singapore-based shipbuilder Strategic Marine has delivered its first Surface Effect Ship (SES) to All Energies Services (AES), specifically designed for offshore crew transfer operations within the oil and gas sector.The contract marks a major…
Dutch marine services firm Boskalis has announced the latest addition to its fleet, a giant subsea rock installation (SRI) vessel with a cargo capacity of 45,500 metric tons, which is set for delivery in the first quarter of 2026.The vessel…
President Joe Biden is set to ban new offshore oil and gas development across 625 million acres (250 million hectares) of U.S. coastal territory, Bloomberg News reported on Friday.The ban, to be announced on Monday, rules out the sale of drilling…
A Finnish court today denied a request for the release of an oil tanker suspected by police of damaging an undersea power line and four telecommunications cables in the Baltic Sea last week. The incident was one of several since 2022 in which…
In support of the current administration’s goals to deploy 30 gigawatts (GW) of offshore wind energy capacity by 2030 and 15 GW of floating offshore wind energy capacity by 2035, the Bureau of Ocean Energy Management (BOEM) today announced the…
The British North Sea is one of the world's oldest offshore oil and gas basins where production has been in steady decline since the early 2000s. At the same time, the region has become one of the world's largest and fastest growing offshore wind basins…
Polish power-grid operator PSE said on Thursday its transmission network development plan for 2025-2034 assumes investment of more than $15.4 billion by 2034.The comprehensive plan will enable a significant increase in potential for new renewable energy sources…
Sable Offshore Corp. provided an update on the previously disclosed Center for Biological Diversity et al. v. Debra Haaland et al. lawsuit. On December 20, 2024, the U.S. Department of Justice (in its capacity as counsel for the U.S. Bureau of Safety and Environmental Enforcement…
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…
Asian spot liquefied natural gas (LNG) prices rose this week to a one-month peak, as the expiry of a transit deal for Russian gas through Ukraine caused uncertainty in Europe's gas outlook.The average LNG price for February delivery into Northeast Asia LNG-AS was $14…
A drill ship will arrive in Egypt this month as operator Eni starts work on increasing production from the giant Zohr offshore gas field, Egypt's petroleum ministry said in a statement.Egypt had planned to become a major gas exporter after Eni discovered the field in 2015…
U.S. natural gas futures edged up about 1% on Thursday on near record flows to liquefied natural gas (LNG) export plants and forecasts for colder weather and higher heating demand over the next two weeks than previously expected.Also supporting U…
Equinor's Hammerfest LNG plant in Arctic northern Norway has suffered an unexpected outage due to a compressor failure, halting all output for one week, according to a regulatory statement on the Gassco web site on Thursday.The Hammerfest plant…
Equinor’s Empire Wind 1 project in the United States has now secured a project financing package of over $3 billion, reaching a financial close at the end of December 2024.The expected total capital investments, including fees for the use of the South Brooklyn Marine Terminal (SBMT)…