The Abu Dhabi National Oil Company (ADNOC) said Thursday it had allocated $15 billion (AED55 billion) to advance an array of decarbonization projects across its diversified value chain by 2030. These projects will include investments in clean power…
The Norwegian energy company Equinor has signed a strategic partnership with Germany's RWE that involves 'large scale projects that will contribute to the European energy supply as well as to the ramp-up of the hydrogen economy in Germany and the EU…
Spanish renewable energy company Iberdrola has chosen Brazil as a place where it plans to install its first ever floating solar plant.The project will be built on the water surface of the Xaréu dam on the island of Fernando de Noronha, recognized by UNESCO as a World Natural Heritage Site…
DNV has given Denmark's Energinet Certificates of Conformity (CoC) for its part of the Baltic Pipe offshore project.The £2 billion (around $2.4 billion) gas pipeline is a strategic infrastructure project with the goal of creating a new gas supply corridor for the European market…
Singapore's Keppel Offshore & Marine (Keppel O&M) said Thursday it had won a contract worth around S$130 million (~$97 million) to build an offshore wind substation. The company did not say who the client was, apart from describing it as 'an international renewable energy company…
The Norwegian offshore drilling company Odfjell Drilling has, on behalf of the China-based rig owner CIMC Offshore, signed a contract with the Polish oil firm PGNiG for the Deepsea Yantai offshore drilling rig.PGNiG will use the semi-submersible drilling rig to drill one firm well…
Offshore drilling company Transocean has secured contracts and extensions worth $488 million in total for five offshore drilling rigs.In the U.S. Gulf of Mexico, the ultra-deepwater drillship Deepwater Invictus has won a 100-day, three-well contract with an unnamed independent operator…
North Sea Forties crude oil differentials were unchanged on Wednesday as Mercuria offered cargoes while BP withdrew one, all above Forties' current assessed value.Platts windowIndications are on a free-on-board (FOB) basis unless marked as cost…
Semco Maritime has appointed Tor Erik Christoffersen Managing Director of the Group’s Norwegian business. He took up the position on 1 January 2023 and will work from the offices in Bergen and Stavanger, leading Semco Maritime’s 400 colleagues…
Angolan state oil company Sonangol will keep its stakes in Portugal's Galp Energia and Millennium bcp lender as it considers them strategic assets, Sonangol CEO Sebastiao Gaspar Martins told Reuters on Wednesday.With a 19.49% stake, Sonangol…
Uruguay's state oil company ANCAP has awarded two offshore blocks to Argentina's YPF and a consortium between Shell and APA (ex-Apache). Shell and APA Corporation won the rights to Area OFF-4, where the consortium has committed to conducting 3D seismic acquisition…
Finland's Ministry of Economic Affairs and Employment (TEM) has granted Ilmatar Offshore a research permit for two offshore wind areas in Finland’s exclusive economic zone (EEZ). The areas cover approximately 700 square kilometers in total. 'In order to secure long-term value chains…
China is ready to resume oil and gas talks and manage maritime issues 'cordially' with the Philippines, China President Xi Jinping said on Wednesday, according to Chinese state television.Xi was speaking to his Philippines counterpart Ferdinand Marcos Jr…
U.S. oil firm Talos Energy said Tuesday that its two deepwater wells in the U.S. Gulf of Mexico had discovered commercial quantities of oil and gas during drilling operations in the fourth quarter of 2022. Talos holds a 60% working interest in the two deepwater discoveries…
TotalEnergies encountered hydrocarbons upon entering the reservoir during recent appraisal drilling at the Isabella discovery in the UK North Sea, about 270 km southeast of Aberdeen.This was shared by Ithaca Energy, TotalEnergies' partner in the Isabella discovery (P1820) in Block 30/12d-12…
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