An underwater pipeline to carry green hydrogen between Barcelona and Marseille will cost around 2 billion euros ($2.1 billion), according to preliminary estimates of the project agreed between Spain, Portugal and France, two sources told Reuters…
Canada's Cenovus Energy CVE.TO on Tuesday forecast higher capital expenditure and production in 2023, and said its natural gas business could grow by as much as 25% in coming years due to higher prices. The Calgary-based oil and gas producer…
UK North Sea-focused oil company Serica Energy said Monday that its North Eigg well in the North Sea had encountered hydrocarbons but that 'commercial quantities have not yet been established,' with objective sands thinner than expected.Earlier this year…
Sweden-based Maha Energy has signed a binding term sheet regarding a business combination with DBO 2.0 S.A. (“DBO”) for a consideration of 36,775,410 new shares in Maha.According to Maha, DBO is a private upstream oil and gas company focusing on mature offshore fields in Brazil formed in 2017…
The British government should introduce a price floor to mitigate the impact of its new windfall tax on the sector as some companies struggle with reduced access to funding, executives and industry sources say. They say the brake on capital…
BMT has unveiled its new 32-meter hybrid propulsion crew transfer vessel design, citing industry demand for lower carbon emissions, capacity, and prolonged offshore operations.'Crews and engineers’ safety and comfort are fundamental to BMT’s approach with this design…
Chinese oil and gas major CNOOC has sounded out potential buyers of its interests in U.S. oilfields, two sources said, stepping up its retreat from Western nations amid sanctions concerns and calls for domestic investment. Reuters reported in…
Canadian oil and gas company Trillion Energy said Monday that its Akcakoca-3 well at the SASB gas field in the Black Sea offshore Turkey was producing at 3.3 MMcf/d into the gas salesline.The company also said that it had repositioned the drilling rig to drill the West Akcakoca-1 well…
Eni is in preliminary talks to buy private-equity backed gas and oil producer Neptune Energy for around $5 billion -$6 billion, a source with knowledge of the matter said on Wednesday, adding that no official bid had been submitted.Neptune produces around 130…
Britain's competition watchdog said on Tuesday that U.S.-listed oilfield services firm Baker Hughes Co's acquisition of Altus Intervention could reduce competition among UK oil and gas operators.The Competition and Markets Authority (CMA) said…
German renewable energy firm RWE said Friday it had bought the Irish company Western Power Offshore Developments Ltd, which is in the early stages of developing the East Celtic wind farm project offshore Ireland.The East Celtic wind farm site…
The Norwegian oil and gas company Aker BP said Friday it would vote in favor of submitting Plans for Development and Operation (PDO) for the NOAKA field development project, the Valhall PWP-Fenris project, the Skarv Satellite Project, and the Utsira High projects…
Mainstream Renewable Power ('Mainstream'), a renewable energy company majority-owned by Aker Horizons, and offshore wind developer Maple Power are jointly exploring the upcoming Celtic Sea Floating Offshore Wind Tender in the UK, which will be launched in 2023…
The German government wants to buy either a majority stake or all of the German subsidiary of Dutch power grid operator TenneT as part of Berlin's planned transition towards sustainable energy use, two German government sources told Reuters…
French energy company ENGIE and technology giant Google said they had agreed to undertake a 12-year 100 MW corporate power purchase agreement to support Scotland's Moray West offshore wind development project. As part of this deal, ENGIE will…
Subscribe
