TotalEnergies could up to double its share buybacks this quarter, it said on Thursday, after soaring oil and gas prices as a result of Russia's invasion of Ukraine drove a sharp rise in quarterly earnings.The French oil and gas major, which is bolstering its renewables and electricity portfolios…
Fears of gas supply interruptions due to Russian gas export constraints are driving interest and demand for floating regasification terminals, with contracting activity for oil and gas floaters also being quite active, World Energy Reports said in April 2022 Floating Production Systems Report…
Africa-focused oil company VAALCO Energy on said it had started production from the Avouma 3H-ST development well that was drilled from the Avouma platform in the Etame field, offshore Gabon. The initial flow rate of the well was approximately 3…
Wind turbine makers racked up hefty losses last quarter, swelled by rocketing costs and cut-throat competition despite being more in demand than ever.The industry started seeing a steep decline in prices and increased competition back in 2017 as some governments moved away from generous…
Independent infrastructure investor Global Infrastructure Partners ('GIP') has agreed to acquire offshore wind farm developer wpd offshore from the German company wpd AG.wpd offshore has a track record of ~7 GW of offshore wind developed to date…
The U.S. Department of Energy intends to commit $2.25 billion for projects to store carbon dioxide underground and help fight climate change, it said on Thursday.The funding for carbon storage validation and testing over the next five years…
Octopus Energy Generation has bought a near-8% stake in the 270 megawatt Lincs wind farm off the East of England, its first investment in a large UK offshore wind farm, it said on Thursday without disclosing financial details.The wind farm has…
Oil and gas company Afentra plc, led by former Tullow CEO Paul McDade, has signed an agreement with Angola's Sonangol to buy interests in Block 3/05 and Block 23, offshore Angola.Afentra will pay $80 million and could also pay contingent payments…
Offshore drilling company Awilco Drilling has agreed to sell its WilPhoenix semi-submersible drilling rig to the UK-based P&A specialist Well-Safe Solutions Ltd. Well-Safe will pay $15.5 million for the semi-sub built in 1982 and upgraded in 2011…
Brazil's government is trying to add the 12th block to an auction of oil exploration areas expected later this year, an Energy Ministry official said on Tuesday at the Offshore Technology Conference (OTC) in Houston.The Ametista block is located…
Morgan Stanley raised its third-quarter price forecast for Brent by $10 per barrel to $130 citing a 'greater deficit' this year due to lower supply from Russia and Iran, which is likely to outweigh short-term demand headwinds.'The oil market is contending with negative GDP revisions…
Denmark's government on Tuesday said it aimed to significantly boost renewable energy supply and temporarily increase production of natural gas from its fields in the North Sea, in a move to rapidly become independent of Russian supplies.'We…
ASX-listed SRJ Technologies Group plc in December last year struck a deal to buy the UK-based oilfield services firm STATS. However, STATS said Monday that the deal had fallen through over SRJ's inability to raise funds for the deal.'[STATS…
Business minister Kwasi Kwarteng has written to the North Sea oil and gas industry asking it to set out a clear plan to reinvest its profits into British energy projects, his department said on Saturday.Energy prices have hit record highs this…
Brazil's state-run oil company Petrobras said on Wednesday its board has approved the sale of its stake in the Albacora Leste oilfield to Petro Rio SA for $2.2 billion.The oil giant, formally known as Petroleo Brasileiro SA, said the sale was…
Subscribe
