Oil major Chevron Corp said on Wednesday that it expects to spend between $18.5 billion and $19.5 billion next year on new oil and gas projects, an 11% increase on this year.Its 2024 budget and that of rival ExxonMobil reflect the industry's continuing rebound after pandemic-influenced pullbacks…
U.S. oil and gas producer Talos Energy said on Thursday it expects the impact related to the Main Pass Oil Gathering pipeline shut-in following an oil spill to be immaterial to its fourth-quarter results.The oil spill was first observed on Nov…
Jan De Nul Group together with its consortium partners LS Cable & System and Denys has signed the contracts for two 525 HVDC cable systems for the two grid connection systems BalWin4 and LanWin1. These mark the first two contracts signed under…
Canada on Thursday unveiled a plan to limit emissions from the oil and gas sector using a cap and trade system starting in 2026, a step toward fulfilling a government pledge to cut emissions in the country's most polluting sector.Under the proposal…
Galileo and Odfjell Oceanwind are collaborating with Vår Energi on a floating offshore wind project at the Goliat platform outside Hammerfest in Norway. The partnership has been strengthened with The Kansai Electric Power Company Inc., a Japanese utility company…
DEME and Greek renewable energy developer and independent power producer FARIA Renewables have signed a cooperation agreement to explore opportunities and co-develop offshore wind farms in Greece. Offshore wind technology is viewed as crucial for achieving global goals towards zero emissions…
Norwegian Diving Contractor, SubseaPartner, won a contract for the 2024 season, work awarded by OceanInstaller for end-client Vår Energi as part of the Balder Future Project.The first phase of work encompasses engineering, planning, design, fabrication…
Carbon capture and storage has emerged as flashpoint at the UN climate conference in Dubai about how big a role it is destined to play in reaching the target of net zero emissions.It has also prompted an unusual and bad-tempered confrontation…
Energean plc has farmed into Chariot Limited’s acreage offshore Morocco, which includes the 18 Bcm (gross) Anchois gas development and significant exploration prospectivity. This new country entry is well-aligned with Energean’s strategy to…
Kongsberg Digital has partnered with Locar, a Brazilian offshore vessel operator, to enhance its digital infrastructure and optimize DP operations.Locar will integrate Vessel Insight, Kongsberg Digital’s vessel-to-cloud infrastructure to derive valuable data insights from their vessels…
The Crown Estate, which manages the seabed around England, Wales and Northern Ireland, has set out further details of a new leasing round for three commercial-scale floating wind projects in the Celtic Sea off the coast of South Wales and South West England…
Danish energy company Orsted's South Fork offshore wind farm off New York State delivered its first power to the state's power grid, according to a press release by New York Governor Kathy Hochul on Wednesday.The announcement is a bit of positive…
BrasFELS Shipyard, a member of the Seatrium Group, announced it has secured a contract from Offshore Frontier Solutions Pte. Ltd, a MODEC Group company, to undertake parts of the topside modules fabrication of a floating production storage and offloading (FPSO) for the Raia project in Brazil…
Chinese wind turbine maker Envision Energy believes 'it's easy' to meet an international pledge made at the COP28 climate summit to triple renewables by 2030.'This is not visionary,' Envision CEO Lei Zhang told Reuters on the sidelines of the summit in Dubai…
ExxonMobil will target annual project spending of between $22 billion and $27 billion through 2027, the company said in an update that largely continues existing spending and production goals.The plan leaves out projected gains from the $60 billion acquisition of Pioneer Natural Resources PXD…