Chevron Corp on Tuesday reaffirmed its lower spending plans, doubled the targeted savings from its Noble Energy deal, and unveiled new carbon intensity reduction goals, hoping to woo investors seeking higher returns and lower environmental impact…
The UK government on Tuesday launched three innovation challenges in the space of green energy sector including floating offshore wind, energy storage technology, and biomass production for which it allocated £92 million (~$127,7 million) in funding…
UK-based offshore vessel operator Seacat Services has said that its recently launched catamaran Seacat Rainbow has gone straight on to a long-term charter at the Beatrice offshore wind farm.Seacat Rainbow will support Operations & Maintenance…
Oil major Shell has agreed to sell its upstream assets in Egypt’s Western Desert so for US$646 million plus contingent payments, so it can focus on its offshore assets in the country.Shell will sell the Western Desert assets to a consortium…
North Sea-focused oil company Chrysaor has awarded Stork a 2-year contract extension to deliver offshore integrated specialist asset integrity services in the UK.Stork, a Fluor subsidiary, will continue to deliver an inclusive range of asset…
South Korean shipbuilding giant Samsung Heavy Industries must pay $411 million to offshore drilling contractor Stena Drilling, a London arbitration tribunal has ruled.The spat between the two companies began after Stena Drilling in 2017 terminated…
Belgium-based offshore installation contractor DEME Offshore and aerospace company Sabca have said they've successfully completed a series of autonomous drone tests at the Rentel offshore wind farm in the North Sea, 'preparing for autonomous surveillance…
Japanese renewables group JRE has been put up for sale by its owners, including Goldman Sachs, three people familiar with the matter said, a deal expected to draw interest from European firms eager to enter Japan's green power market.Japan Renewable…
The global offshore wind operations and maintenance (O&M) market is expected to grow 16% annually to reach US$12 billion (€10 billion) by 2029, with opportunities for both existing and new players, energy intelligence group Wood Mackenzie said in a report on Tuesday…
U.S. oil major ExxonMobil is set to drill another well in the Canje Block, offshore Guyana, after it was last week announced that the first well drilled -the Bulletwood-1 - failed to strike commercial oil volumes.ExxonMobil has now moved Stena…
CGG, a France-based provider of seismic data for the oil and gas exploration industry, on Tuesday announced the second phase of its multi-client 3D survey in the Northern North Sea. The company has awarded the survey contract to Shearwater GeoServices…
HitecVision-backed NEO Energy has agreed to acquire independent oil and gas company Zennor Petroleum from Kerogen Capital for up to $625 million, including deferred and contingent payments.The deal comes some two weeks after NEO acquired ExxonMobil's…
After several false starts, 2021 is the year when the U.S. offshore wind industry begins to realize its potential. This is according to Philip Lewis, Director of Research, World Energy Reports (WER).In an interview with Maritime Reporter TV's Greg Trauthwein…
Spanish renewable energy giant Iberdrola, through its subsidiary ScottishPower, has teamed up with some of the UK's main distilleries and spirits companies and the Port of Cromarty Firth to launch a green hydrogen project in the Highlands.The…
Ancala Midstream has secured a life-of-field contract to transport and process gas from the Lundin Energy-operated Solveig field located in the Norwegian sector of the North Sea.The first gas from the field is expected in Q3 2021 and will be…
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