The Biden administration on Thursday unveiled a plan to accelerate development of next-generation floating offshore wind farms by slashing the cost of the technology by 70% and setting a goal for it to power 5 million U.S. homes by 2035.The…
Offshore wind developer Ocean Winds East (OW East) on Thursday announced the official name of its planned offshore wind power project in the New York Bight. The wind farm will be called Bluepoint Wind.The project, in the early stages of development…
Shell named Wael Sawan, head of its integrated gas and renewables division, on Thursday as the group's chief executive officer, replacing Ben van Beurden, with the energy major at the cusp of a transition to cleaner energy.Sawan, 48, currently oversees Shell's growth into low carbon energies…
Polish oil and gas company PGNiG has failed to unearth hydrocarbons at its Copernicus exploration well in the Norwegian Sea, Longboat Energy, a partner in the offshore license has informed.The company said that the Copernicus exploration well…
Norway's trade surplus rose to a record 197.7 billion Norwegian crowns ($19.54 billion) in August, boosted by soaring prices for its gas exports to Europe, national statistics agency data showed on Thursday.With a daily output of around 4 million barrels of oil equivalent…
Bureau Veritas Solutions Marine & Offshore, the marine and offshore technical advisory branch of Bureau Veritas, saw a surge in the decommissioning support field orders in the first six months of 2022.The company said that new decommissioning support deals in the UK…
The chief executive of a small U.S. oil company has jumped to the forefront of the energy industry's greenhouse gas reduction efforts, recruiting high-profile firms to his vision of striking it big by selling access to carbon storage developments…
Australian oil and gas company Woodside on Thursday published the final Environmental Impact Statement (EIS) for the proposed Browse toNorth West Shelf (NWS) Project in Australia, as directed by the Australian Department of Climate Change, Energy…
Offshore drilling contractor Maersk Drilling and oil and gas company Petrogas E&P Netherlands have signed a five-well deal for the Maersk Resolute jack-up drilling rig.The duo has agreed to an amendment of the previously signed contract for the supply of the Maersk Resolute…
The Biden administration on Wednesday said it had reinstated bids from a November 2021 Gulf of Mexico sale of offshore oil and gas drilling rights, a requirement buried in U.S. President Joe Biden’s new climate change and drug pricing law.The…
From EQUANS' fabrication hall in Antwerp, Belgium, the topside for TenneT's Hollandse Kust (north) transformer platform was placed on a floating barge in the port on Monday. Following the load out, the steel structure weighing over 3,500 tons…
Brazilian oil and gas company Enauta said Wednesday that its Atlanta field in the Santos Basin offshore Brazil had resumed its production through well 7-ATL-2HP-RJS. 'The second well should start operating next and, by the end of September,…
U.S.-based offshore vessel operator Bordelon Marine has secured a one-year charter with Subsea 7 i-Tech US Inc. for its Connor Bordelon ultra-light intervention vessel.The Jones Act-compliant vessel is mobilized with two Schilling 150 HD Work…
Spanish power company Iberdrola said on Wednesday it had agreed to sell to Swiss investment fund Energy Infrastructure Partners (EIP) a 49% stake in a German offshore wind farm for 700 million euros ($700 million). The sale of the Wikinger wind…
The Norwegian Ministry of Petroleum and Energy said Tuesday it had received applications from 26 oil and gas companies in connection with APA (Awards in predefined areas) annual offshore acreage licensing rounds.Shell, Equinor, Inpex, TotalEnergies…