Latest News

 

Russia to Replace Sakhalin-2 Project Operator with New Firm

4 hours ago

Russia will create a firm which will take over all rights and obligations of the Sakhalin Energy Investment Company amid Western sanctions imposed on Moscow, a decree signed by President Vladimir Putin said on Thursday.The 5-page decree indicates that it is up to the government of sanctions-hit Russia to decide whether foreign shareholders are to remain in the Sakhalin Energy Investment Company, a consortium for developing the Sakhalin-2 oil and gas project in Russia's far east…

RWE Brings Online Its First Floating Solar Plant

few minutes ago

RWE has commissioned its first floating photovoltaic (PV) project. The project consists of around 13,400 solar panels that float on a lake near the Amer power plant in Geertruidenberg, in the Netherlands’ province of Noord- Brabant. The floating solar field has an installed capacity of 6…

Canada Eyes Offshore Wind Development in Newfoundland and Labrador and Nova Scotia

few minutes ago

The Impact Assessment Agency of Canada has started the planning phase for the Regional Assessment of Offshore Wind Development in Newfoundland and Labrador and Nova Scotia. The goal of the regional assessment is to help inform future project…

Vår Energi Buys Into Lime Petroleum's North Sea Blocks, Off Norway

1 hour ago

Oil and gas company Lime Petroleum has signed an agreement with Vår Energi to farm down by 10 per cent, Lime’s 40 per cent interests in licenses PL820 S and PL 820 SB in the North Sea.Lime had on April 14, 2022 signed an agreement to acquire MOL Norge 40 per cent interests in the said licenses…

Portugal's EDP to Scale Up Offshore Solar Plants in Southeast Asia

1 hour ago

Portugal's main utility EDP will scale up its offshore floating solar farms in Southeast Asia, hoping to get a big slice of 16 gigawatt of photovoltaic power the region is expected to install over rivers and seas by 2030.EDP Chief Executive…

TGS Buys Prediktor

1 hour ago

Norwegian company TGS has acquired Prediktor AS, a provider of asset management and real-time data management solutions to renewable and energy asset owners.'Established in 1995, the company has carried out thousands of installations on mission…

Repsol Sinopec Names VP Decommissioning and Energy Transition

2 hours ago

Repsol Sinopec has appointed Adam Sheikh as Vice President (VP) Decommissioning and Energy Transition.The newly created role sits on Repsol Sinopec’s Executive Management Team (EMT), reporting to CEO Jose Luis Muñoz.Sheikh, whose most recent EMT role was VP Business Projects…

Longboat Energy Farms Into Two Offshore Exploration Prospects in Norway

2 hours ago

Oil and gas company Longboat Energy has completed the farm-in into two OMV's near-term, gas weighted exploration prospects on the Norwegian Continental Shelf ('NCS') targeting combined gross unrisked mean prospective resources of 223 mmboe of which 45 mmboe net to Longboat)…

India Imposes A Windfall Tax On Oil Producers and Export Duties For Oil Products

3 hours ago

India introduced export duties for gasoil, gasoline and jet fuel on Friday to help boost domestic supplies, while also imposing a windfall tax on oil producers that have benefitted from higher global crude oil prices.The new taxes, announced in government orders…

U.S. to Add 6 GW of Offshore Wind Capacity Through 2029 -EIA

4 hours ago

Power plant developers and operators plan to install more than 6 gigawatts of offshore wind capacity at sites mostly along the U.S. eastern seaboard over the next seven years, the U.S. Energy Information Administration (EIA) said in a report on Thursday…

Biden Administration Offshore Drilling Plan Delayed

Jun 30, 2022

The Biden administration on Thursday delayed the rollout of a proposed five-year offshore oil and gas development plan that had been promised by the end of the month, according to sources.Interior Department Secretary Deb Haaland in May had…

State Agency Wants Net-zero Carbon Emissions from Australia's Giant LNG Plant

Jun 30, 2022

A state agency in Australia has backed a plan to extend the life of the country's biggest liquefied natural gas plant by 50 years, so long as it achieves net zero carbon emissions for the rest of this decade, partly to protect ancient indigenous rock art…

Gazprom Cancels Dividend for First Time Since 1998. Shares Drop

Jun 30, 2022

Russian gas giant Gazprom has decided not to pay dividends on last year's results, the first time it will not pay out since 1998, sending its shares plunging by nearly 30%.'The shareholders decided that in the current situation it is not advisable to pay dividends based on the 2021 results…

Boskalis to Install Substations, Monopiles for Ørsted, Eversource U.S. Offshore Wind Farms

Jun 30, 2022

Ørsted and Eversource, two companies that have partnered up to buiild offshore wind farms in the U.S. said Thursday they'd signed contracts with Boskalis to support the construction of their offshore wind project in the U.S.The work with Boskalis…

Petrobras Extends Reservoir Characterization Services Contract with CGG

Jun 30, 2022

French oil and gas seismic data firm CGG said Thursday it had secured a four-year contract extension for its dedicated reservoir services center for Petrobras in Rio de Janeiro, Brazil.'[CGG's] in-house team of reservoir characterization specialists…

Current News

RWE Brings Online Its First Floating Solar Plant

RWE Brings Online Its First Floating Solar Plant

Canada Eyes Offshore Wind Development in Newfoundland and Labrador and Nova Scotia

Canada Eyes Offshore Wind Development in Newfoundland and Labrador and Nova Scotia

Vår Energi Buys Into Lime Petroleum's North Sea Blocks, Off Norway

Vår Energi Buys Into Lime Petroleum's North Sea Blocks, Off Norway

Portugal's EDP to Scale Up Offshore Solar Plants in Southeast Asia

Portugal's EDP to Scale Up Offshore Solar Plants in Southeast Asia

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