Poland could build a second floating storage and regasification unit (FSRU) next to an already planned installation because the Czech Republic and Slovakia are interested in buying more liquefied natural gas (LNG), the Polish climate minister said…
Philippines ports and gaming tycoon Enrique Razon is acquiring a majority stake in a South China Sea gas field from a close ally of outgoing President Rodrigo Duterte, a move seen benefitting his oil exploration franchise on the Reed Bank.Razon's…
The U.S. offshore wind segment shows no signs of slowing on its journey to deploy 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050. Based on current project activity we anticipate around 60 GW of offshore wind capacity to be installed by 2035…
Yokogawa Electric Corporation and Mitsubishi Heavy Industries, Ltd (MHI) have been selected by the Nippon Foundation, a private, non-profit grant-making organization, to develop an automatic robotic inspection system to predict hazards on offshore oil and gas facilities…
Black Sea-focused oil and gas company Trillion Energy International has signed a definitive offshore drilling services contract with Romanian drilling company GSP Offshore to secure a jack-up rig for its 2022 – 2023 drilling program on its South…
Palantir Technologies Inc and global commodities trader Trafigura have set sights on a new market, their chief executives told Reuters on Monday: tracking carbon emissions for the oil, gas, refined metals, and concentrates sector.The companies…
Israel is boosting offshore natural gas output and aims to reach a supply agreement with Europe in the coming months as the continent looks to replace the Russian supply.The country is on track in the next few years to double production to about…
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…
The European Commission on Wednesday unveiled a 210 billion euro [about $220 billion] plan for Europe to end its reliance on Russian fossil fuels by 2027, and to use the pivot away from Moscow to quicken its transition to green energy.The invasion of Ukraine by Russia…
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…
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…
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…
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…
Dutch dredging and marine services firm Boskalis raised its full-year core profit forecast on Thursday, pointing to a well-filled order book and favorable market outlook in the short and medium-term.Boskalis, which also offers services and contracting…
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