Abu Dhabi Future Energy Company (Masdar) has completed the acquisition of 100% shares in Greece’s Terna Energy.The acquisition follows the successful completion of an all-cash mandatory tender offer (MTO) and squeeze-out process for the remaining 30% shares of the company at a price of $22…
ScottishPower Renewables, part of the Iberdrola, has awarded an engineering, procurement, construction, installation and commissioning (EPCIC) contract for its East Anglia TWO offshore substation and jacket foundation to HSM Offshore Energy…
INEOS Energy has completed the acquisition of CNOOC’s oil and gas assets in the Gulf of America, increasing its global oil production to over 90 thousand barrels of oil equivalent per day. The completion of the deal marks the third major investment by INEOS Energy in the United States…
India's largest privately owned oil and gas company Cairn India said it may invest in U.S. service and engineering companies as part of a $5 billion plan to grow output five-fold in the coming years, its chairman said on Tuesday.'I want to spend $5 billion on developing my project to get to 500…
For the first time, DNV has applied its independent Energy Transition Outlook model— incorporating the latest technology trends and policy developments— to Germany.The inaugural German Energy Transition Outlook (ETO) report finds that Germany…
The Welsh Government has taken an $9.9 million equity stake in the Morlais tidal energy scheme to ensure progress of what is set to become the largest tidal energy project in Europe.Owned and managed by Ynys Môn social enterprise Menter Môn…
The latest Energy Cyber Priority report from DNV Cyber has found that energy companies have started to boost investment in cybersecurity to manage the ‘greatest risk’ to the industry today as the importance of securing businesses from cyber threats reaches highest company levels…
National Ocean Industries Association President Erik Milito issued the following statement regarding the inauguration of President Donald Trump:'American offshore energy stands as a cornerstone of our nation's greatness. We are committed to…
Chris Wright, President-elect Donald Trump's pick to head the U.S. Energy Department, will tell U.S. senators in his confirmation hearing on Wednesday his first priority is expanding domestic energy production including liquefied natural gas and nuclear power…
Five of Canada’s largest energy-focused industry associations have formed a joint working group to support the push against the threat of a 25% tariff on all Canadian goods from the incoming U.S. President, Donald Trump.The Canadian Association of Petroleum Producers (CAPP)…
A new report from the U.S. Department of Energy (DOE) outlines recommendations that could increase the recycling and reuse of decommissioned wind energy equipment and materials to create a more circular economy and sustainable supply chain.The research reveals that existing U…
Inyanga Marine Energy Group has presented the design blueprint for its 20 MW HydroWing tidal energy technology, set for deployment at Morlais site in Wales.The tidal energy array will incorporate the Tocardo T3 turbine, rated at 600kW, for the first time…
BP and XRG, ADNOC’s international energy investment company, have established new regional gas platform, Arcius Energy, to initially focus on development of gas assets in Egypt.Announced in February 2024, Arcius Energy is 51% owned by BP and 49% by XRG…
Nexif Ratch Energy’s San Miguel Bay offshore wind project in the Philippines has been granted the Certificate of Energy Project of National Significance (CEPNS) by the country’s energy department.The 500 MW offshore wind project, located in San Miguel Bay…
National Ocean Industries Association (NOIA) President Erik Milito issued the following statement after the Bureau of Ocean Energy Management (BOEM) released the Draft Programmatic Environmental Impact Statement (EIS) for oil and gas leasing…
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