NOV has unveiled a new installation vessel concept design tailored specifically for the unique challenges of the emerging floating offshore wind sector.Floating wind farms are often farther offshore, in deeper waters and in harsher environments…
Brent crude futures rose in early Asian trade on Friday, reversing losses in the previous session as traders speculated on whether OPEC+ would come to an agreement on further production cuts.Brent crude futures LCOc1 gained 29 cents, or 0.4%…
African members of OPEC+ producer group Angola and Nigeria are aiming for higher oil output, officials told Reuters on Thursday, as the countries are locked in talks with the group about their production quotas for next year.The comments came…
Nigerian authorities are closely monitoring and working to contain an oil spill that occurred during loading operations at the TotalEnergies-operated Egina field on Nov. 15, the maritime agency said on Wednesday.The Nigerian Maritime Administration…
The U.S. Department of the Interior on Thursday approved the Empire Wind offshore project, owned by Equinor and BP, the sixth commercial-scale wind farm to be greenlit under President Joe Biden's administration.Empire Wind is among several offshore…