Engineering and energy advisory consultancy Apollo has secured Phase 2 concept definition contract from Net Zero Technology Centre (NZTC) for the Hydrogen Offshore Production (HOP2), which aims to progress the design of 500MW offshore hydrogen production facility for HOP2…
Copenhagen Infrastructure Partners (CIP), on behalf of its fund Copenhagen Infrastructure V (CI V), has signed a transaction to acquire the full ownership of Morecambe offshore wind project from COBRA Group, and Flotation Energy, owned by TEPCO Renewable Power…
Energy company Saipem’s performance in 2024 confirms, for the third consecutive year, a trajectory of growth and margin recovery for the group, as well as an acceleration in cash flow generation and the strengthening of the company’s balance sheet…
Trinidad and Tobago plans to ask U.S. President Donald Trump's administration to extend a license for Shell and Trinidad's National Gas Company to develop a key gas project in Venezuela, four sources close to the preparations said.The U.S. license…
Nigeria's state oil firm NNPC announced a joint venture with Swedish tanker giant Stena Bulk and Nigerian offshore logistics leader Caverton Marine to overhaul maritime transportation in West Africa.The newly formed company will streamline crude oil…
On a frigid morning on the Black Sea the sun is glaring into the quiet navigation room of the massive semi-submersible drilling rig Transocean Barents, anchored in Romania's Constanta port.In a matter of weeks, the rig - known as the Mighty…
Global demand for liquefied natural gas is estimated to rise by around 60% by 2040, driven largely by economic growth in Asia, AI impact and efforts to cut emissions in heavy industries and transportation, Shell said in an annual report on Tuesday…
Orkney-based marine services firm Green Marine UK has announced a seven-figure capital investment in a new Subsea Services Department targeting the U.K.’s offshore wind sector.The company expansion, boosted by financial backing from HIE (Highlands and Islands Enterprise)…
Galp, together with its partners NAMCOR and Custos, has hit oil and gas in another well drilled at PEL83 license at Orange Basin, offshore Namibia.The Joint Venture partners have drilled, cored and logged the Mopane-3X well (Well #5) which spud on January 2…
Egypt's petroleum minister Karim Badawi said on Tuesday that drilling work for the development of the Zohr gas field resumed in mid-February.Production had been curbed because of arrears owed to foreign oil companies.A drilling ship arrived…
Chevron said on Monday it would reorganize some of its business structures and reshuffle the leadership team, the latest move by the U.S. energy major to simplify its operations.The company has said it would lay off up to 20% of its global workforce by the end of 2026…
Australian oil and gas major Woodside Energy reported its smallest annual underlying profit in three years on Tuesday, hurt by lower realised prices, but maintained its 2025 output forecast on expectations of strong demand for liquefied natural gas…
Guyana's government expects a consortium led by U.S. oil major Exxon Mobil to brief officials by the end of March on plans to develop offshore gas, the country's vice president told Reuters.'They said: 'by end March, we will tell you what we will do…
KOTUG completed the replacement of the bogie wheel and rail system on Azule Energy's Single Point Mooring (SPM) CALM buoy in Angola's Block 18. This buoy, one of the largest of its kind in the world, was installed in 2007 at approximately 1…
According to its latest market outlook, Wood Mackenzie projects that Brent crude oil prices will average $73.00 per barrel (bbl) in 2025. The forecast considers geopolitical and economic factors, including potential peace talks between Russia and the US regarding the Ukraine conflict…