Abu Dhabi National Oil Company (ADNOC) has secured up to $11 billion in structured, non-recourse financing to support development of its Hail and Ghasha offshore gas project, a key part of the UAE’s strategy to expand domestic gas supply and exports…
Poland is launching its first competitive offshore wind auction on Wednesday, a test experts say could revive Europe's struggling sector as developers vie for long-term contracts after a string of failed tenders across the region.The auction…
The Norwegian Ministry of Energy has decided to award two project areas for floating offshore wind at Utsira Nord to Equinor- Vårgrønn and Deep Wind Offshore Norway-EDF Renouvelables consortia.The ministry said both applicants met qualification…
Equinor, Vår Energi and Petoro will invest around $395 million (NOK 4 billion) in the first discovery tied back to the Johan Castberg field in the Barents Sea.The decision comes eight months after Johan Castberg came on stream. Recoverable oil…
Orbital Marine Power Ltd, operator of the world’s most powerful tidal turbine, has secured a multi-million dollar investment to advance its international commercial projects and contribute to the wider decarbonization of energy.PXN Ventures…
Swedish wave energy developer CorPower Ocean has been put in charge of $35 million (€30 million) European project aimed at improving the competitiveness and bankability of wave energy farms, with large-scale validation work planned in U.K. waters…
Equinor has started production from the Verdande subsea field in the Norwegian Sea, a development that is expected to keep the Norne floating production, storage and offloading (FPSO) producing beyond 2030.The field, which holds an estimated 36 million barrels of oil…
Equinor said its investigation into a series of exposure incidents at Hammerfest LNG has concluded that venting from monoethylene glycol (MEG) tanks was the main source, combined with weather conditions that caused vented gas to descend to ground level where personnel were working…
A Norwegian appeals court ruled in favour of environmentalists and against the government on Friday by confirming a lower court's decision that the energy ministry's approval of the development of three offshore oil and gas fields was invalid…
Fisheries and Oceans Canada (DFO) has issued a Fisheries Act Authorization to Eauclaire Tidal Ltd. to deploy up to three Orbital Marine Power Ltd (Orbital) O2-X tidal energy devices at the Fundy Ocean Research Centre for Energy (FORCE). This marks the first project to proceed under Canada’s revised…
Equinor and its partners have drilled a dry well in the Snorre area in the North Sea, offshore Norway.The wildcat well 34/6-9 S, or Avbitertang, was drilled in production license 554, 35 kilometers northeast of the Snorre field and 125 kilometers west of Florø…
Oil and gas have not only fueled economies but created rivalries, territorial disputes and wars. In the last one hundred years or so, since petroleum resources have been commercially extracted it is central to numerous armed conflicts. Some notable examples…
Britain is offering a smaller budget for offshore wind in its next auction round to spur investment in renewable power capacity, government documents showed on Monday, with one analyst saying the country will struggle to meet its clean power targets…
The cost of Aker BP's major ongoing oil and gas development projects, Yggdrasil and Valhall-Fenris, has risen by 32% and 25% respectively from nominal estimates a year ago, Norway's budget proposal showed on Wednesday.The Yggdrasil project,…
Ignitis Renewables has signed a sale and purchase agreement with Ocean Winds to acquire its stake in Curonian Nord project, becoming the sole owner of Lithuania’s first offshore wind farm.Ignitis Renewables, part of Ignitis Group, received the…