Greencoat UK Wind has agreed to acquire a net 12.5% stake in Hornsea 1 offshore wind farm in the UK from Global Infrastructure Partners ('GIP') for £400 million (around $496.5 million). The acquisition is expected to complete in Q3 2022.Hornsea…
On Wednesday, French oil & gas major TotalEnergies and U.S. utility Duke Energy were declared provisional winners of the two lease areas auctioned by BOEM, the federal agency in charge of offshore wind area leasing and project permitting. Whilst…
U.S.-based offshore oil and gas services firm Helix Energy Solutions Group is set to buy equity interests of Louisiana-baed Alliance group of companies for $120 million cash at closing, plus the potential for post-closing earnout consideration…
Norwegian oil and gas company Equinor has agreed to sell its non-operated share in the Greater Ekofisk Area and a minority share in the Martin Linge offshore field, both offshore Norway, to Sval Energi for $1 billion in cash, plus contingent payments linked to oil and gas prices in 2022 and 2023…
Exports of Malaysia's flagship Kimanis crude will fall in July following outages at two offshore oilfields near Sabah, according to a source familiar with the matter and a preliminary loading program.Six Kimanis crude cargoes will be loaded in July…
Technip Energies and its affiliates Kanfa and Inocean on Wednesday launched a suite of carbon-free solutions for green hydrogen production called of GO.H2TM by T.EN.'Hydrogen is integral to the energy transition, and, building on its long-lasting hydrogen and offshore track record…
Suncor Energy Inc exceeded analysts' estimates for first-quarter profit and boosted dividend by 12% to its highest level on Monday, as Canada's No.3 oil major benefited from soaring crude prices.Global crude oil prices surged to levels not seen…
Harsh environment offshore drilling services provider Dolphin Drilling has appointed Michael Boyd to the role of VP of Marketing, as the firm eyes further growth and boosts its presence in the North Sea market.Boyd, who first joined Dolphin…
Oil and gas company Neptune Energy said Tuesday it would spend more than $1 billion over the next five years 'securing energy supplies for the UK and speeding the transition to net zero.'The amount planned for investment includes capex and pre-development…
After the U.S. Bureau of Ocean Energy Management (BOEM) announced TotalEnergies and Duke Energy Corp as the winners of two offshore wind leases in federal waters off the coast of North and South Carolina on Wednesday, the confirmation came Friday from TotalEnergies…
Japan's biggest oil and gas explorer Inpex Corp raised its net profit forecast for 2022 by 20% to a record 300 billion yen ($2.3 billion) thanks to higher-than-expected oil prices and a lower yen against the U.S. dollar.Its annual net profit…
The Norwegian offshore oil and gas safety body PSA Norway has launched an investigation into a lifting incident that happened on the Deepsea Atlantic offshore drilling rig on Sunday, May 8. 'While hoisting a 32-tonne slip joint from a vessel to Deepsea Atlantic…
The Norwegian Ministry of Petroleum and Energy (MPE) has tasked the Norwegian Petroleum Directorate (NPD) with conducting surveys in connection with awarding acreage for offshore wind.The NPD has been given the assignment to plan and implement…
Philippine conglomerate Udenna Corp is open to exploring potential deals, its president said on Friday, after a report that its tycoon owner was considering selling businesses collectively worth several billion dollars.Dennis Uy, whose business…
Major Canadian pension fund Ontario Teachers' Pension Plan has agreed to invest up to $1 billion in a new offshore wind business launched by Australia's Macquarie Group to develop projects around the world, the companies told Reuters on Thursday…
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