BW Energy has agreed a 25‑year extension of the Dussafu Marin production license offshore Gabon.Following an agreement with the Ministry of Oil and Gas of the Gabonese Republic, the license period has been extended from 2028 to 2053.The extended license provides long‑term visibility for production…
The dollar surged on Monday as soaring oil prices sent investors scrambling for cash on worries that a protracted Middle East war could severely disrupt energy supplies and hurt global growth.Against the surging greenback, the euro EUR= and sterling GBP= were down roughly 1% in Asia…
European financial markets are under strain as the U.S.-Israeli war on Iran revives concerns about an energy supply shock exacerbating inflation.ING says the euro zone is the most exposed major economy to the conflict, making the region, which has benefited from investor diversification out of U…
Norwegian vessel owner and operator Golden Energy Offshore Services has signed binding agreements to sell two offshore support vessels for a combined gross price of about $57.25 million, completing a previously announced plan to divest vessels in the near term…
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…
Mubadala Energy and PLN Energi Primer Indonesia (PLN EPI) have signed a heads of agreement to supply gas from the Andaman Sea as part of efforts to strengthen Indonesia’s energy security.The agreement establishes a framework for supplying cleaner…
Global investments in renewable energy aren't bearing fruit and the world should focus on securing reliable supplies of fossil fuels, U.S. energy and interior secretaries said this week as they worked on convincing Europe to buy more U.S. oil and gas…
Record-breaking 239,709 attendees from 172 countries gathered at ADIPEC 2025, reaffirming UAE’s convening power and its role as a global hub for energy, partnerships and innovation. ADIPEC 2025 generated an estimated US$400 million in economic benefits for Abu Dhabi’s economy…
Global finance leaders discuss the new era of energy investment defined by pragmatism, diversification and strategic capital allocation Industry leaders urge fundamentals-based planning amid global volatility, with stable, sound and clear…
ADIPEC 2025 kicks off in Abu Dhabi with a powerful message from Dr. Sultan Al Jaber for a balanced and inclusive approach to meeting energy demand, built on reinforcement, not replacement. Opening addresses and high-level sessions featuring…
Provider of services to the global energy industry Petrofac has extended its work in the U.K.’s North Sea with a two-year contract renewal from Ithaca Energy, valued at $50 million.Under the integrated services contract, Petrofac, who has supported Ithaca Energy since 2011…
Eco Wave Power launched its first U.S. wave energy project at the Port of Los Angeles, developed in collaboration with AltaSea and Shell Marine Renewable Energy (MRE).This project marks the first onshore wave energy installation in the U.S.…
Danish power cable maker and services provider NKT has signed a contract with Energinet to deliver a HVDC power cable system for the offshore interconnector linking the Bornholm Energy Island to the power grid on Zealand.Energinet, the Danish transmission system operator (TSO)…
Global Energy Group (GEG) has reached an agreement on the sale of three of its group companies, including The Port of Nigg, to long term investor, Mitsui & Co. Europe (Mitsui) a subsidiary of Mitsui & Co, together with Mitsui O.S.K. Lines (MOL)…