Italian energy giant Eni has withdrawn from a consortium seeking offshore natural gas exploration licenses in Israel, leaving partners to pursue the process under a revised structure.The consortium, which also includes Dana Petroleum and Ratio Energies…
Libya’s National Oil Corporation (NOC) has signed a memorandum of understanding with Chevron to carry out a technical study of offshore Block NC146.NOC Chairman Masoud Suleman said the agreement covers a comprehensive assessment of the block…
Etu Energias has agreed to acquire stakes in offshore Blocks 14 and 14K in Angola from Azule Energy, after exercising pre-emption rights over the assets.Azule Energy, a joint venture combining the Angolan businesses of BP and Eni, said it signed…
TotalEnergies' CEO Patrick Pouyanne said on Thursday that the company made a decision not to declare force majeure to any of its liquefied natural gas customers, and that it would respect all the LNG contracts in terms of price and volume.Qatar…
As Big Oil executives gathered this week and discussed the biggest-ever disruption to global energy supplies due to the war in Iran, there was one impact they did not address publicly: the multibillion-dollar windfall they will make because of soaring prices for the energy they sell…
Russian Foreign Minister Sergei Lavrov said the U.S. has been seeking control over the Nord Stream gas pipelines in the Baltic Sea, which were damaged by mysterious blast in September 2022.Explosions that destroyed the pipelines more than three…
A powerful tropical cyclone in Western Australia has disrupted production at the country’s two biggest liquefied natural gas plants run by Chevron and Woodside, exacerbating a global supply crunch caused by the conflict in the Middle East.Australia…
Tenaris has acquired the oilfield division of AllTorque, a manufacturer of tubular running technology, as it expands its services offering and footprint in Canada.The company said the acquisition builds on an existing partnership and enhances its WISer solutions for Rig Direct customers…
King Charles III's Crown Estate, which owns Britain's seabed, said on Thursday it plans to hold a new offshore wind leasing round in the first half of next year.The Crown Estate, which comprises tracts of land and most of the country's seabed…
The world will not be able to reach carbon neutrality by 2050 as outlined in the Paris Agreement, French oil major TotalEnergies said on Thursday, and the company will have to adapt its own climate ambitions as a result.Total had previously said it had an ambition to be carbon neutral by 2050…
Asian countries including Vietnam, Thailand, the Philippines, Indonesia and Sri Lanka are lining up to buy Russian oil as the Iran war blocks supplies, raising the possibility that demand may exceed supply, several sources including Russia said…
Maraen has approved plans for more than $40 million (£30 million) investment for the upgrades at the Port of Nigg, following the integration of three energy businesses under a new brand.Maraen combines the capabilities of Port of Nigg, Global Energy (Group) and Global Energy Services…
Smulders HSM has started construction of the offshore substation topside and jacket foundation for the East Anglia TWO offshore wind farm in the United Kingdom.The work follows the award of an engineering, procurement, construction, installation…
Enersea has completed the detailed design of two offshore substation jackets for the Hornsea 3 offshore wind farm in the United Kingdom.The two jackets, Link 01 and Link 02, each weigh around 3,500 tonnes and will support offshore substations of about 9…
Cadeler has raised approximately $203 million (€175 million) through a private placement to fund planned investments in new offshore wind installation vessels and potential asset acquisitions.The offshore wind contractor said the proceeds will…
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