Ocean Sun, a Norway-based developer of floating solar technology, has signed an agreement with MP Quantum Group to deploy Ocean Sun's floating solar solution in Greece and Cyprus.Børge Bjørneklett, CEO and founder of Ocean Sun said: “We are…
Shortly before taking office late in 2018, President Andres Manuel Lopez Obrador vowed to boost crude oil production at Mexican giant Pemex by nearly half, following more than a dozen years of decline.The ambitious goal of increasing the state-run company's oil output from 1…
Empire Offshore Wind, an offshore wind joint venture between Equinor and BP, has picked offshore cable specialist Nexans as a preferred supplier to connect the Empire Wind offshore projects in New York to the onshore grid.The turnkey projects cover the full design and manufacturing…
Robots could replace hundreds of thousands of oil and gas jobs globally and reduce drilling labor costs by several billion dollars by 2030, if there is an industry push for such a transition, Rystad Energy has found.'Even when the Covid-19 downturn is finally past us…
Testing, inspection, and certification firm Bureau Veritas and offshore cable specialist Nexans have entered a partnership deal to reduce risk and promote best practices for turnkey deliveries of high voltage power cables used for connecting offshore wind farms (OWF) to onshore grids…
Qatar Petroleum said Tuesday it wouldn't be renewing its Qatargas 1 LNG joint venture with Total, ExxonMobil, Marubeni, and Mitsui.Upon the expiry of the relevant joint venture agreements on December 31, 2021, Qatar Petroleum will become the sole owner of 100% of the Qatargas assets and facilities…
Scottish Renewables, Scotland's renewable energy industry association, has created a new role aimed at strengthening the renewable energy industry’s voice in the transition to a net-zero energy system.The organization’s new Energy Transition…
Malaysia's largest oil and gas services provider Sapura Energy on Tuesday said it has refinanced 10.3 billion ringgit ($2.48 billion) of its debt for a period of seven years.The company said the refinancing includes an $820 million term loan facility to be offered by banks in U…
Floatel, a provider of offshore accommodation rigs for the international offshore energy industry, has secured a contract extension for its Floatel Endurance semi-submersible unit in Norway.Floatel, which last week announced it had successfully…
Norwegian marine seismic data company PGS has said it has won a contract for a high-fidelity 3D exploration program by a supermajor offshore Egypt. Without sharing the identity of the client, apart from saying it is a supermajor, PGS said Tuesday…
The U.S. administration on Monday announced a set of actions to accelerate offshore wind energy development and set a target to install 30 GW of offshore wind energy by 2030. The news was welcomed by Orsted, one of the world's largest offshore wind developers…
Australian oil and gas company Santos on Tuesday announced a final investment decision (FID) has been taken to proceed with the US$3.6 billion gas and condensate project, located offshore the Northern Territory, Australia.The Barossa development will comprise a BW Offshore supplied FPSO…
Thai oil and gas company PTTEP has made an oil and gas discovery from the first exploration well, Sirung-1, in Block SK405B, off the coast of Sarawak, offshore Malaysia.Phongsthorn Thavisin, PTTEP Chief Executive Officer, disclosed that PTTEP…
The Biden administration on Monday unveiled a goal to expand the nation’s fledgling offshore wind energy industry in the coming decade by opening new areas to development, accelerating permits, and boosting public financing for projects.The…
Norway will press ahead with North Sea wind power this year, awarding its first development licenses as it spurs the transition of its oil and gas industry and despite its already plentiful renewables supply.The government has earmarked two areas in the North Sea for up to 4…
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