Russian gas giant Gazprom said on Thursday its management had approved investments worth 1.76 trillion roubles ($24 billion) for 2022, up from initial plans of 902 billion roubles for 2021, to fund new production and refining hubs.Gazprom is developing new gas production deposits…
Portugal has launched its first auction for the right to install floating solar parks on the waters of seven of the country's dams, with a total production capacity of 263 megawatts.Floating panels are being tested around the world, and Portugal's…
Global asset lifecycle support specialist EnerMech has confirmed a three-year extension deal with Petrofac, taking the two company’s working relationship beyond the 10-year mark.Having held the contract since 2012, the 57-strong Aberdeen and…
EC-OG, developer of energy management and storage technologies for the energy industry, has appointed Bob Black as a non-executive director on its Board. He will act as the Board representative of EC-OG’s investors Par Equity.Bob has 30 years…
Brazil's Petrobras said on Wednesday it expects to invest $68 billion from 2022 to 2026, a sharp increase from its previous five-year plan, as the state-run oil company seeks to grow oil production from the subsea pre-salt area.The oil production forecast for next year fell slightly…
Swedish oil and gas company Lundin Energy has obtained a drilling permit for an offshore exploration well in the Norwegian Sea.The company will use Odfjell Drilling's Deepsea Stavanger semi-submersible drilling rig to drill the 6306/9-1 wildcat well in the production licence 886…
The government of Bermuda has signed a deal with wave power tech firm Seabased to develop a utility-scale ocean wave power park with a 40MW capacity. The wave power park is expected to fuel the island’s grid, providing roughly 10% of Bermuda's energy needs…
SBM Offshore, one of the world's largest suppliers of FPSO vessels for the offshore oil and gas industry, has been ordered to pay 7.0 million CHF (around USD 7.6 million) for bribery in the 2005 – 2012 period.A year ago, SBM Offshore said that…
The UK Government on Wednesday announced its 'biggest investment in a generation' into Britain’s tidal power. The UK government will invest £20 million per year in Tidal Stream electricity as part of its renewable energy auction scheme. 'UK…
Flotation Energy has secured $2.3 million in Australia from the Victorian Government Energy Innovation Fund for its planned 1.5 GW Seadragon offshore wind farm in Gippsland, Victoria. The proposed 1.5GW bottom fixed Seadragon offshore wind project…
Oil and gas company United Oil & Gas (UOG) has won a two-year extension from the government of Jamaica for the Walton Morant Licence offshore Jamaica. The license will now run to January 31, 2024. United Oil & Gas was last year has been assigned…
Tekmar Energy has won a contract with Global Offshore to supply Cable Protection Systems (CPS) for the Arcadis Ost 1 offshore wind farm in Germany.Arcadis Ost 1 is a 257 MW offshore wind project developed by Parkwind. The project will be located in the Baltic Sea…
Adepth Minerals, a Norwegian deep-sea mineral exploration firm, has received a NOK 11.7 million (about $1,3 million) grant from Innovation Norway, triggering investment in FlexiCore technology and enabling the collection of deep-sea mineral core samples in 2022…
The United States said on Tuesday it would release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain, to try to cool prices after OPEC+ producers repeatedly ignored calls for more crude…
Shallow water drilling contractor Shelf Drilling has secured a three-year contract for one of its jack-up rigs in India.The contract, with India's national oil company ONGC, is for the Ron Tappmeyer jack-up drilling unit, for offshore operations in Indian waters…
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