Norwegian energy firm Equinor and its partners inaugurated the world's largest floating offshore wind farm on Wednesday, whose output will supply nearby oil and gas platforms and cut their greenhouse gas emissions.The Hywind Tampen wind farm…
Threatened strikes by workers at Australian liquefied natural gas (LNG) providers would need to last more than a month to significantly push up global prices, analysts said this week.The Woodside Energy and Chevron operations supply about 10%…
The U.S. Department of the Interior's Bureau of Ocean Energy Management (BOEM) on Tuesday approved the construction of a 704-megawatt (MW) wind farm off the coast of Rhode Island, the fourth major offshore wind project the agency has greenlit…
French energy company TotalEnergies announced on Tuesday it has reached a deal with CapeOmega to acquire a 40% participating interest in a CO2 storage exploration license off the coast of Norway.Located 120 kilometers offshore Bergen in 200 meters water depth…
Singaporean shipbuilder Seatrium New Energy, formerly Keppel FELS, on Tuesday announced it has delivered a new jackup rig to the UAE's ADNOC Drilling.The rig, named AlSila, is among five that Seatrium had been building for Borr Drilling. In 2022…
Top U.S. energy companies last year paid out more of their earnings to shareholders than they invested in new oil and gas fields for the first time, according to a report released on Tuesday.The outlook for stronger energy prices has not changed the focus on investor returns from the U…
German grid firm Amprion has selected Italy's Prysmian as 'preferred bidder' for three power transmission cable projects with an aggregate value of 4.5 billion euros ($4.9 billion), the Italian group said on Tuesday.Under the agreement, the…
Major Asian buyers of LNG could seek US cargoes in the coming weeks if worker-related disputes at key LNG facilities in Australia escalate, analysts said, as electricity demand continues surge due to warm weather.Uncertainty over labour disputes…
The IMO’s latest crunch meeting in early July may not have aligned global shipping with mid-century targets established in the 2015 Paris Agreement. However, its 2023 Strategy indicates a clear direction of travel. Energy supplies by sea are…
Woodside Energy has 'constructively addressed' several concerns of workers at Australia's largest LNG facility, its CEO said on Tuesday, a day before crucial talks with unions aimed at averting any industrial action that could disrupt global supplies of the super-chilled fuel…
British oilfield services and engineering firm John Wood Group raised its expectations for annual adjusted core profit on Tuesday, betting on contract wins in its energy and materials business to sustain growth.Wood scored major contract wins…
Offshore energy supply chain company, Balmoral, has transitioned some of its proven buoyancy and protection solutions for use in the fixed and floating offshore wind sector.A recent multi-million pound contract award for a fixed wind cable protection…
Egypt's petroleum ministry on Tuesday announced a new oil discovery in the Geisum and Tawila West Concession in the Gulf of Suez.The new discovery was made by Egypt's Cheiron through exploration well GNN-11, currently producing more than 2,500 barrels a day…
Equinor and partners will replace two gas turbines with heat recovery to produce electric power at Statfjord C.A new steam turbine will produce electricity based on surplus heat from two gas compressors. This will make the energy consumption…
Woodside has released its half-year financial results which show a net profit after tax (NPAT) of US$1,740 million. Underlying NPAT was US$1,896 million, up 4% on the corresponding period in 2022, reflecting a full period of results with Woodside’s expanded operations portfolio…
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