Portugal's main utility EDP will scale up its offshore floating solar farms in Southeast Asia, hoping to get a big slice of 16 gigawatt of photovoltaic power the region is expected to install over rivers and seas by 2030.EDP Chief Executive…
India introduced export duties for gasoil, gasoline and jet fuel on Friday to help boost domestic supplies, while also imposing a windfall tax on oil producers that have benefitted from higher global crude oil prices.The new taxes, announced in government orders…
Russian gas giant Gazprom has decided not to pay dividends on last year's results, the first time it will not pay out since 1998, sending its shares plunging by nearly 30%.'The shareholders decided that in the current situation it is not advisable to pay dividends based on the 2021 results…
Norwegian offshore wind company Deep Wind Offshore has signed an agreement with South Korea's East West Power, to collaborate on projects totalling more than 4GW of floating and bottom fixed offshore wind in South Korea. 'We are extremely excited to collaborate with EWP on these projects…
Asia-Pacific focused oil and gas company Jadestone Energy has appointed Bert-Jaap Dijkstra as Chief Financial Officer.Dijkstra will join Jadestone Energy from SBM Offshore, the Dutch FPSO leasing specialist, effective from September 1, 2022…
A helicopter carrying seven passengers and two pilots ditched in the Arabian Sea near the Indian oil company ONGC's jack-up rig Sagar Kiran, in Mumbai High, offshore India. Four people died. According to initial tweets from the Coast Guard and…
Shanghai Electric Wind Power Group Co., Ltd. said Friday its first EW8.X-230 offshore wind turbine generator had recently rolled off the production line at the Putian manufacturing facility.The wind turbine generator is designed for the medium…
Corio Generation, a recently established offshore wind branch of Macquarie's Green Investment Group (GIG), has signed an agreement with Vietnamese construction and infrastructure group FECON for a proposed 500 MW offshore windfarm in Ba Ria…
Malaysian oil and gas company Petronas, via its subsidiary Petronas North Ketapang, has signed a Production Sharing Contract (PSC) for the North Ketapang Block located onshore and offshore East Java, Indonesia.Petronas won the North Ketapang…
Malaysian FPSO leasing company Bumi Armada has lost its appeal in relation to a 2020 court decision in which it had lost a case against Woodside concerning an FPSO contract termination from 2016.Woodside terminated the contract in 2016 for the FPSO Armada Claire…
Japan's government plans to resume public auctions for offshore wind power projects by the end of this year, after revising rules to draw a wider range of bidders and encourage faster development of new infrastructure.The resumption follows…
The Philippines' outgoing foreign minister said on Thursday that talks over joint energy exploration between his country and China in the South China Sea had been terminated, citing constitutional constraints and issues of sovereignty.The two…
Chinese state-owned oil and gas firm CNOOC has completed the country's first offshore carbon capture and storage project designed to permanently bury carbon dioxide in the seabed, state media reported recently.The project is located at the company's Enping oil field in the mouth of the Pearl River…
Jack-up drilling rig specialist Shelf Drilling has agreed to buy the Deep Driller 7 jack-up drilling rig from the Indian offshore drilling company Aban Offshore. Shelf Drilling will pay $30 million for the 2008-built jack-up drilling unit. The rig is of Baker Marine Pacific Class 375 design…