Brazilian state-run oil company Petrobras PETR4.SA said on Wednesday it signed a memorandum of understanding (MOU) with Chinese state-owned oil firm CNOOC to extend its collaboration in the energy sector.In a securities filing, Petrobras said it has also signed a MOU with Asia's top refiner…
At Gastech 2023, Samsung Heavy Industries (SHI) offers a separate 216 sq. m. exhibition hall at the Singapore Expo venue showcasing its technological developments in LNG and LCO2 transport vessels, centered around the FLNG (Floating Liquefied Natural Gas Production Facility) models…
Offshore wind power developers warned on Friday that Britain's climate goals could be at risk after a subsidy auction for new renewable energy projects did not attract any investment in those planned off British coasts.Britain is aiming to develop 50 gigawatts (GW) of offshore wind capacity by 2030…
Carbon capture and storage (CCS) technology is key to ensuring the survival and competitiveness in Italy of industries including steel, cement and chemicals, energy group Eni and gas grid operator Snam said on Friday.The two groups joined forces…
The low interest in the first-ever auction of offshore wind farm development rights in the Gulf of Mexico marks a potentially serious setback for U.S. President Joe Biden’s green energy agenda, and the U.S. offshore wind sector in general.U…
The Australian government has announced that 10 acreage release areas are available for bidding to explore offshore greenhouse gas storage locations.The areas are offshore of Western Australia, Victoria and Tasmania across seven basins: Bonaparte…
With just days to go until the 50th anniversary edition of SPE Offshore Europe 2023 launches, excitement is building for the milestone event.Register now for the free-to-attend conference and exhibition which will be held at P&J Live, Aberdeen…
Oil and natural gas are still projected to meet more than half of the world’s energy needs in 2050, or 54%, Exxon Mobil Corp said on Monday, with the world failing to keep global temperature increases below 2 degrees Celsius.The largest U.S…
Enerpac won a contract by Saipem to supply the Hydraulic Levelling and Fixation System for the installation of 64 transition pieces (TP) at the offshore wind farm in France. The Enerpac system is designed to allow accurate levelling and fixation of the transition pieces on the monopile foundation…
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…
BP CEO Bernard Looney says he will not further scale back his energy transition strategy after ceding some ground earlier this year, despite investors penalizing the group over its plan to break away from rivals in cutting oil and gas output…
The fossil fuel price crisis has accelerated the competitiveness of renewable power, according to the International Renewable Energy Agency (IRENA). Around 86% (187GW) of all the newly commissioned renewable capacity in 2022 had lower costs than fossil fuel-fired electricity…
German oil and gas company Wintershall Dea has been awarded a new license - the Camelot - by the UK North Sea Transition Authority (NSTA) to store CO2 under the seabed. The license is for the Camelot area, which is a combination of depleted gas fields and an overlying saline aquifer…
Dutch offshore and marine services firm Boskalis said its Offshore Energy division saw its revenue increase by 50%, with an EBITDA increase of almost 70% in the first half of 2023.All business units within the Offshore Energy branch saw increases in both revenue and earnings…
Private equity firm Endless has acquired the Aberdeen-based logistics and materials management firm ASCO. ASCO supports the energy industry with solutions for their logistics and material management requirements with stevedoring, environmental services…
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