Norwegian carbon dioxide (CO2) storage company Northern Lights and its owners have agreed to store emissions captured at fertilizer maker Yara's Dutch operation from 2025 in what they say is a commercial breakthrough for the business.The joint venture…
Asian spot liquefied natural gas (LNG) hit a fresh record high [last week] as South Korean and Japanese buyers restocked for the winter and a planned outage at the Nord Stream 1 pipeline next week pushed up European demand.The average LNG price…
A Texas oil company agreed to plead guilty to criminal negligence charges and pay nearly $13 million for a crude oil spill that killed wildlife and fouled southern California beaches, federal prosecutors said on Friday. Amplify Energy Corp repeatedly…
On January 7, 2021, the dry bulk carrier Ocean Princess struck the uncrewed/out-of-service oil and gas production platform SP-83A while operating 24 miles south of Pilottown, Louisiana. Now, some 19 months later, the National Transportation…
Brazilian oil company Enauta is having difficulties with fully restoring output from the Atlanta field in the Santos Basin offshore Brazil, but still expects the production to reach normal levels by September.Earlier this month, Enauta said…
Chinese offshore oil and gas major CNOOC expects its annual domestic crude oil production to reach 1.2 million barrels per day by 2025, 28% above its current level.The targeted output compares to first-half production offshore China in 2022 of 169…
Japan's JERA has signed a deal with the new operator of the Sakhalin-2 energy project in Russia to maintain long-term deliveries of liquefied natural gas (LNG), a spokesperson for the country's biggest power generator said on Friday.Russian…
Renewable infrastructure fund Greencoat UK Wind plc has completed the acquisition of a net 12.5% stake in Hornsea 1 offshore wind farm in the UK.The deal was first announced on May 16, 2022, when Greencoat said it would buy the 12.5% stake in…
Norway, which has overtaken Russia as the biggest gas supplier to Europe in the wake of the war in Ukraine, will curtail its gas exports significantly next month due to heavy maintenance activity, with some work deferred from earlier this year…
Malaysian oil and gas company Petronas has awarded a contract to the offshore services firm Velesto for the plugging and abandonment services at Tembungo A & B platforms offshore Sabah, Malaysia.Velesto said Thursday that the contract had an…
Helix Robotics Solutions has won a 180-day contract by a local Thailand contractor to perform decommissioning services using the subsea construction vessel Grand Canyon II.The company, a robotics branch of the Helix Energy Solutions Group, said…
Norwegian oil and gas company Aker BP and its alliance partner, engineering and construction firm Aker Solutions, have awarded Rosenberg Worley a letter of intent for the construction of two modules for the new central platform on the Valhall field in the North Sea…
Santos Ltd has agreed to pause some drilling on the Barossa gas project in waters off northern Australia pending a court decision on a challenge by a group of Indigenous land owners seeking to stop the $3.5 billion project.Hearings on the case concluded on Friday at the Federal Court in Darwin…
Oil and gas company Neptune Energy said Friday it had made a new commercial discovery at the Ofelia exploration well, near the Gjøa field in the Norwegian part of the North Sea. The plan is to develop the discovery as a tie-back to the Gjøa platform…
Australia will have to invest in renewable energy and carbon capture and storage at unprecedented speed and scale in order for the economy to achieve net zero carbon emissions by 2050, modeling released on Thursday showed.The Net Zero Australia…
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