A unit of Mexico's Grupo Carso, controlled by the family of Mexican billionaire Carlos Slim, said on Thursday it has purchased a minority stake in Talos Energy Mexico for $124.75 million to obtain a portion of the offshore Zama oil project.The acquisition needs approval of Mexican regulators…
Floating wind farm and technology developer BW Ideol has signed a Head of Terms with Elawan Energy, an ORIX company based in Spain, for the joint development of a multi-GW floating offshore wind pipeline off Spain and Portugal, subject to further…
SSE Renewables and RWE joint venture's Southern North Sea offshore wind farm project, North Falls has launched the statutory consultation on its proposals.North Falls is a proposed extension to the existing 504MW Greater Gabbard Offshore Wind Farm…
Norwegian offshore drilling firm Odfjell Drilling said via social media Thursday that it has, with oil firm Equinor, recently completed a pilot project operating an offshore drilling rig on renewable biofuel. According to the company, during the pilot…
Oil output at Kazakhstan's giant Kashagan oilfield fell this month after its operator shut two offshore injection wells on May 20 following the detection of sour gas during routine sampling, the company said on Thursday.The North Caspian Operating…
Norway's crude oil and gas output declined in April from the previous month, with gas output exceeding the official forecast slightly, Norwegian Petroleum Directorate (NPD) said on Tuesday. Crude oil output edged lower to 1.81 million barrels per day (bpd) in April from 1…
The global floating solar market is expected to pass the six-gigawatt (GW) threshold by 2031, as PV developers struggle to meet growing solar demand and look to alternate development technologies, energy intelligence firm Wood Mackenzie said in a report Wednesday…
Vietnam's plan to quadruple by 2030 its gas processing capacity, turning it into its first source of energy, marks a big bet on imported liquefied natural gas (LNG) and its reserves in the South China Sea, despite supply and geopolitical risks…
Norwegian oil and gas Equinor has informed that the Hywind Tampen floating wind farm, the world's largest, has started delivering power to its Snorre field, offshore Norway.'As the operator, we’re proud to announce on behalf of the partners…
Australia plans to scale up its capability for offshore carbon capture and storage (CCS) and will shortly seek public feedback on a new round of greenhouse gas storage acreage, the country’s resources minister said on Tuesday.The country, one…
Dutch offshore installation services firm Van Oord has informed that its flexible fallpipe vessel Stornes has set a new world record. The vessel carried out subsea rock installation works what Van Oord says is a record water depth of 1.364 meters…
Exxon Mobil Corp on Friday reported a record first-quarter profit that was more than double from a year ago and topped Wall Street estimates as rising oil and gas output overcame a pullback in energy prices from high levels.Oil companies are…
May 11 (Reuters) - Dutch oil and gas services firm SBM Offshore SBMO.AS reported a 24% drop in first-quarter revenue on Thursday, citing the impact from one-off divestment in two of its vessels last year.Group revenue fell to $742 million for the first three months of 2023…
In the port city of Taichung on Taiwan's west coast, a crane hoists into place the end section of a white wind turbine tower that stands almost a hundred meters tall.The turbine will be one of 111 spinning at a multi-billion dollar offshore wind…
- Warren Buffett said on Saturday that Berkshire Hathaway Inc is not planning to acquire Occidental Petroleum Corp but remains happy with its large investment in the oil company. Speaking at Berkshire's annual shareholder meeting, Buffett rejected…
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