Oil and gas company Global Petroleum said Monday that the Namibian Ministry of Mines and Energy had given approval for the company and its partners to proceed to the First Renewal Period ('FRP') of Walvis Basin license PEL 94, with a duration of two years from September 2023 to September 2025…
The comfort that had characterised natural gas markets in Asia and Europe in recent months was shown to be a mere illusion by the threat of strike action at three major Australian liquefied natural gas (LNG) plants.In the blink of eye, a market…
SFL Corporation has signed an offshore drilling contract in Canada with a subsidiary of the Norwegian oil firm Equinor for the harsh environment semi-submersible rig Hercules. The estimated contract value is approximately $100 million.The contract is for one firm well plus one optional well…
Frontera Energy and its unit CGX Energy expect to complete an analysis in the next two to three months of the Wei-1 oil well in Guyana before deciding whether to upgrade an exploration license to its development phase, Frontera said on Friday…
The Danish Energy Agency has postponed the second tender round for offshore licenses for the exploration and use of the subsoil for the geological storage of CO2 in the North Sea.The tender was set to open on August 15th 2023 according to the executive order on CO2 storage license tenders…
The United Nations said on Friday it had completed the removal of more than 1 million barrels of oil from a decaying supertanker off Yemen's Red Sea coast, averting a potential environmental disaster.U.N. officials and activists have been warning…
OPEC+ supply cuts could erode oil inventories in the rest of this year, potentially driving prices even higher, before economic headwinds limit global demand growth in 2024, the International Energy Agency (IEA) said on Friday.Tighter supply driven by oil output cuts from OPEC and its allies…
Australia's labor regulator cleared the way for strike action at Chevron's Wheatstone and Gorgon liquefied natural gas (LNG) facilities if workers vote in favor of such a step, fuelling concerns the country's exports could be cut.The Fair Work…
Solstad Offshore has been awarded two contracts worth $100 million in total from Brazilian clients.The Norwegian offshore vessel owner said that its construction support vessel, Normand Pioneer, won an extension of its charter contract with…
A recent ownership shakeup at two major Indonesian gas projects has injected renewed hope in the country's upstream gas sector, as the country hopes to tap into its rich hydrocarbon resources amid global energy transition, but barriers remain…
The DemoSATH floating wind technology project in Spain has achieved a significant milestone with the successful installation of its 2MW floating wind platform demonstrator in open sea waters. The operation, carried out by the Windstaller Alliance…
Chevron and Woodside Energy Group said on Thursday they are holding talks with unions to avert strikes at Australian liquefied natural gas (LNG) facilities that together account for around 10% of global production.Concerns over industrial action…
Indonesia hopes the recent exit of global giants Shell and Chevron from two long-delayed natural gas projects will jumpstart their development, as it races to more than double gas production by 2030.The Masela and Indonesia Deepwater Development (IDD) projects…
Danish offshore wind turbine maker Vestas said Thursday it had entered into a conditional agreement to deliver wind turbines for the offshore wind power project Baltic Power in Poland with a capacity of up to 1.2 GW.'If and when the agreement translates into a firm and unconditional order…
Utilities RWE, Vattenfall, and development firm Waterkant Energy have been awarded four offshore wind sites in the North Sea in a tender worth 784 million euros ($864.75 million), the German energy regulator said on Thursday.The companies secured rights to the areas suited to housing 1…
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