Oil companies will have to look further afield for new fossil fuel resources now that the Iran war has dented the investment allure of the energy-rich Middle East. Higher oil prices will give them that chance.Major international oil companies…
Oil prices extended gains on Monday, with Brent headed for a record monthly rise, after Yemeni Houthis launched their first attacks on Israel over the weekend, widening the U.S.-Israel war with Iran in the Middle East.Brent crude futures LCOc1 jumped $3…
Cleanova has helped an oil and gas operator in the Gulf of Mexico increase seawater injection capacity by nearly 50% through an upgrade of its filtration system, without disrupting offshore operations.The operator uses seawater injection to maintain reservoir pressure and support oil recovery…
Europa Oil & Gas has received approval from the Irish government to extend the first phase of its FEL 4/19 license to January 2028.The company said Ireland’s Department of Climate, Energy and the Environment (DECC) granted consent for the extension…
Italian energy giant Eni has withdrawn from a consortium seeking offshore natural gas exploration licenses in Israel, leaving partners to pursue the process under a revised structure.The consortium,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…
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…
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…
Subscribe
