Norwegian oil giant Equinor has been cleared to drill an exploration well at the Isflak prospect in the Barents Sea.The well 7220/7-4 sits in the production license 532, in a water depth of 351 meters. The approval was granted by the safety regulator PSA Norway…
ExxonMobil has called off the potential multibillion-dollar sale of its oil and gas assets in Australia’s Bass Strait, according to the Australian Financial Review.The decision by the U.S. oil major comes just six weeks after the deadline for…
Renewable energy company RWE will deploy special collars around the monopile foundations at the seabed level at its Kaskasi offshore wind farm, in what has been described as 'the first time ever in the renewables industry.'The ‘collared monopile’ is designed based on an RWE patent…
Russia's Nord Stream 2 said on Saturday it planned to resume pipe-laying work on a 2.6 kilometer (1.62 mile) stretch of the stalled Moscow-backed gas pipeline to Europe in Germany's Exclusive Economic Zone.The 1,230 km pipeline under the Baltic Sea…
Mozambique's National Petroleum Institute said on Friday it had not yet been notified of any intention by ExxonMobil and Total to renegotiate a resource-sharing agreement for their massive LNG projects in the country.Reuters reported earlier…
The European Commission has granted its approval for wind turbine maker Vestas to acquire Mitsubishi Heavy Industries' shares in their offshore wind joint venture MHI Vestas Offshore Wind.The agreement, which will also see MHI acquire 2.5 percent…
A key export terminal for Norwegian natural gas will close down on Saturday if a labour strike goes ahead as planned, resulting in a reduction of supplies to Europe, gas system operator Gassco said on Friday, sending prices sharply higher.The…
French shipbuilder and marine engineering firm Piriou has designed a new cable layer vessel, to be used to lay and repair both fiber-optical and energy cables. 'This vessel will be able to lay cables on wind farms as well as repair a damaged cable on the continental shelf or deep sea…
Oil and gas company CGX, the operator of the Corentyne offshore block in Guyana, has, with its partners been given more time to drill a well in the block.Frontera Energy Corporation, a CGX partner in the Corentyne block, said Friday that, following…
The U.S. administration last week held a region-wide Gulf of Mexico oil and gas exploration lease sale, in what was the last sale under the Trump administration, and potentially one of the last lease sales overall, as the new President-elect…
Malaysian state-owned energy giant Petronas warned on Friday that the remainder of the year would remain tough due to prolonged low oil prices and moderate demand recovery hampered by the coronavirus, as it recorded a third-quarter loss.'Amid…
Final offshore wind turbine has been installed at the Blauwwind consortium's Borssele III/IV offshore wind farm project site in the Dutch North Sea, MHI Vestas, the turbine manufacturer said Friday.The last of 77 MHI Vestas V164-9.5 MW turbines…
European international oil companies (IOCs) are leading the way in terms of progressing strategies for renewable power growth, ahead of US players that have not, so far, made the same switch, energy intelligence firm GlobalData said.According to Global Data…
OPEC+, a group of leading oil-producing countries, will hold informal online talks on Saturday prior to meetings scheduled for next week, a source with the knowledge of the matter said.OPEC+ is debating whether to ease oil output cuts from Jan…
Offshore wind is expanding rapidly, and as turbine and project sizes grow, demand for specialized installation vessels will soar, Rystad Energy said Thursday, however, warning that the boom might lead to a shortage of offshore wind installation vessels…
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