RWE has signed a 15-year power purchase agreement (PPA) with Breedon Group to supply renewable electricity from its wind portfolio to the construction materials company’s operations in UK.Under the deal, RWE will provide around 70 gigawatt hours of electricity per year…
The following article is an op-ed piece from CorPower Ocean, UK Marine Energy Council, Ocean Energy Europe and Professor Henry Jeffrey, Head of Policy and Innovation Group, University of Edinburgh.As an island nation with more than 11,000 miles of coastline…
Petrodec, a specialist in integrated solutions for decommissioning and part of the Dixstone group, has started its second decommissioning project for Perenco UK with its OBANA jack-up platform, moving to the Pickerill field in the UK Southern North Sea…
DNV has been appointed independent certifier for the Northern Endurance Partnership (NEP) CO2 transport and storage project in the UK.The project underpins the UK’s East Coast Cluster and will transport CO2 from industrial emitters in Teesside for storage beneath the southern North Sea…
ZKS Ferrum, a Polish manufacturer specializing in large-scale welded steel structures, has secured a contract from Dajin Offshore to supply steel structures for the Nordseecluster B offshore wind project.The project is the second extension phase of the 1…
West Africa-focused independent oil and gas explorer Tullow Oil posted an 87% slump in annual profit on Tuesday, partly due to lower production, while delayed payments from the Ghana government continued to weigh on its finances.The heavily…
BP's first-quarter profit more than doubled year-on-year to $3.2 billion - its highest in two-and-a-half years - the British oil major reported on Tuesday, beating expectations after the Iran war helped boost oil trading results.The spike in…
Akastor’s subsidiary DDW Offshore has entered into a binding agreement to sell Skandi Emerald anchor handling tug supply (AHTS) vessel for $23 million.The AHTS, built in 2011, is designed for operations across a range of water depths and environmental conditions…
Shearwater Geoservices has agreed to sell the vessel SW Baret to an undisclosed buyer for conversion into a dedicated source vessel.The agreed sales price exceeds the vessel’s carrying book value and is expected to result in a gain in Shearwater’s accounts…
Oilfield services firm Archer has secured a three-year contract extension from Equinor for wireline and intervention services on the Norwegian Continental Shelf.The extension builds on an integrated wireline contract originally awarded in 2021 and provides continued operational visibility…
Equinor has secured a permit from the Norwegian Offshore Directorate (NOD) to drill a wildcat well in the Barents Sea.The permit is for wellbore 7220/5-EC-2 H in production license 532.The license is operated by Equinor with 46.3%, with partners Vår Energi holding 30% and Petoro the remaining 23…
Portugal's Galp Energia reported a 41% jump in first-quarter adjusted core profit on Monday, beating expectations on higher oil output in Brazil and stronger crude prices.The energy firm reported adjusted earnings before interest, taxes, depreciation…
The changing shape of the oil and gas landscape presents both an opportunity and a challenge for well decommissioning. Well decommissioning, particularly the safe execution of plug and abandonment (P&A) operations, represents a significant opportunity…
Njord Survey has secured a three-year framework agreement with Equinor for pipeline inspection and integrity work across European waters.The contract includes an option to extend for one additional year and covers geophysical surveys and offshore operations…