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FTC Seeks Additional Data on Chevron-Hess Deal

Dec 08, 2023

The U.S. Federal Trade Commission has sent a second request to Chevron and Hess, seeking additional information and documentary materials related to their pending merger, the companies said on Friday.(Reuters Reporting by Sourasis Bose)

Tapping the Gas Bank in the Barents Sea

Dec 08, 2023

Analyses show that the Barents Sea contains significant resources, probably more gas than oil. What needs to be done if Norway is to supply Europe with the requested volumes of gas?The Barents Sea is like a separate petroleum province on the Norwegian shelf…

The Curious Case of the 1,200 MW Transmission Size “Limit” in New England

Dec 08, 2023

How the Maximum Contingency of 2,200 MW Was Recast to a 1,200 MW CeilingAs policy makers and energy developers look to develop and interconnect large offshore wind projects in the most economically efficient and least environmentally impactful way…

PTTEP’s New Discoveries in Malaysia Support Cluster Development

Dec 07, 2023

PTTEP has made three consecutive oil and gas discoveries offshore Malaysia and says it is strategically poised to expedite the development of these discoveries through a cluster development approach.Montri Rawanchaikul, CEO of PTTEP, disclosed that PTTEP’s subsidiary…

CAPP Says Canada’s Emissions Cap will be Production Cap

Dec 07, 2023

Canada’s Minister of Environment and Climate Change, Steven Guilbeault, and Minister of Energy and Natural Resources, Jonathan Wilkinson, introduced Canada’s draft framework to cap pollution from the oil and gas sector on December 7. The aim…

Woodside in Talks with Santos to Form $52 Billion Australian Gas Giant

Dec 07, 2023

Australia's Woodside Energy and Santos said on Thursday they were in preliminary talks to create an A$80 billion ($52 billion) global oil and gas giant, as consolidation among international energy firms intensifies.Combining two of Australia's…

Hornbeck Offshore Discloses Revenue Growth in Its IPO Paperwork

Dec 07, 2023

Marine transportation services provider Hornbeck Offshore on Thursday made public its paperwork for a stock market listing in New York, which showed its revenue rose in the three months ended September.The listing will test the appetite for…

Green Light for New Offshore Wind Test Turbines in Norway

Dec 07, 2023

The Marine Energy Test Centre (METCentre) in Norway has been granted final approval for new test concessions for floating wind.'This is a big day for the global floating wind industry and a big day for Norway. With this important expansion of our test activities…

US Gives Final Nod to Rhode Island's $1.5 Billion Offshore Wind Farm

Dec 07, 2023

The U.S Federal Permitting Improvement Steering Council on Thursday approved the construction of a $1.5 billion offshore wind farm off the coast of Rhode Island.The project, Revolution Wind, is run by Danish company Orsted and U.S.-based Eversource…

TDI-Brooks Completes Seismic Program Off Trinidad

Dec 07, 2023

TDI-Brooks, a company specializing in geotechnical and offshore survey projects, said Thursday it has completed multiple shallow hazard surveys off the East Coast of Trinidad for independent hydrocarbon producer Perenco T&T Limited. TDI-Brooks’…

Chevron Boosts Project Spending by 11% for 2024

Dec 07, 2023

Oil major Chevron Corp said on Wednesday that it expects to spend between $18.5 billion and $19.5 billion next year on new oil and gas projects, an 11% increase on this year.Its 2024 budget and that of rival ExxonMobil reflect the industry's continuing rebound after pandemic-influenced pullbacks…

Talos Sees 'Immaterial' Impact in Q4 from Gulf of Mexico Oil Spill

Dec 07, 2023

U.S. oil and gas producer Talos Energy said on Thursday it expects the impact related to the Main Pass Oil Gathering pipeline shut-in following an oil spill to be immaterial to its fourth-quarter results.The oil spill was first observed on Nov…

Jan De Nul Inks Two Contracts with TenneT

Dec 07, 2023

Jan De Nul Group together with its consortium partners LS Cable & System and Denys has signed the contracts for two 525 HVDC cable systems for the two grid connection systems BalWin4 and LanWin1. These mark the first two contracts signed under…

Canada Unveils Cap and Trade System for Oil and Gas Emissions

Dec 07, 2023

Canada on Thursday unveiled a plan to limit emissions from the oil and gas sector using a cap and trade system starting in 2026, a step toward fulfilling a government pledge to cut emissions in the country's most polluting sector.Under the proposal…

Japan's Kansai Joins Floating Offshore Wind Project in Norway

Dec 07, 2023

Galileo and Odfjell Oceanwind are collaborating with Vår Energi on a floating offshore wind project at the Goliat platform outside Hammerfest in Norway. The partnership has been strengthened with The Kansai Electric Power Company Inc., a Japanese utility company…

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