Global group Libra has acquired a U.S. shipyard through a subsidiary to capitalize on growing shipbuilding demand for the offshore wind industry as Washington accelerates efforts to boost cleaner power, top company executives said.U.S. President…
Neptune Energy, ExxonMobil subsidiary XTO Netherlands, Rosewood Exploration and EBN Capital B.V. signed a cooperation agreement to progress the L10 large-scale offshore carbon capture and storage project in the Dutch North Sea.The agreement…
A consortium of Aker Solutions, Siemens Energy and Doosan Babcock has been awarded the front-end engineering and design (FEED) contract for SSE Thermal and Equinor’s proposed Keadby 3 Carbon Capture Power Station, which could become the UK’s first power station with carbon capture and storage…
Igor Sechin, the head of Russian oil major Rosneft, said on Saturday that BP still remains its largest private shareholder despite having announced its departure in February after Moscow sent troops into Ukraine.Numerous Western companies, including oil majors…
Shallow water offshore drilling contractor Shelf Drilling has secured a contract extension for its Shelf Drilling Achiever jack-up drilling rig in Saudi Arabia.The rig, of the GustoMSC CJ46-X100-D 350 design, had a contract with Saudi Aramco running until December 2022…
Scottish Secretary Alister Jack on Wednesday visited Teesside Freeport in Middlesbrough, with just over a week to go before bidding closes on the competition for the two Scottish Green FreeportsUK Freeports are special areas where different economic regulations apply…
Aberdeen Renewable Energy Group (AREG) said Thursday it would launch its first Energy Futures Conference and Exhibition on November 15, 2022, focused on latest technology developments and the fast pace of change required to reach net zero.According to AREG…
A tidal energy system has officially powered up and is now delivering clean electricity to Nova Scotia’s power system, making it the first to deliver in-stream tidal power to the grid in Canada. “This marks an incredible milestone in our journey…
BP announced it will buy Cenovus Energy's 35% stake in the undeveloped Bay du Nord project in the Flemish Pass offshore Canada's Newfoundland and Labrador.As part of the deal announced on Monday, BP will also sell its 50% non-operated interest…
The UK Competition and Markets Authority (CMA) said Wednesday that offshore helicopter operator CHC must unwind its completed acquisition of Babcock’s oil and gas offshore helicopter services to address competition concerns.'CHC provides offshore transport in the oil and gas sector…
VAALCO Energy on Monday announced the successful drilling of the South Tchibala 1HB-ST well, offshore Gabon. The well was drilled from the Avouma platform in the Etame field, offshore Gabon. The company said it had discovered significant columns of multiple hydrocarbon-bearing sands in the Dentale…
BP is beefing up its hydrogen management team as the energy company prepares to accelerate investments in the low-carbon fuel which it believes will play a key role in the world's shift away from fossil fuels.The revamp of the hydrogen team is the first clear sign of changes Anja-Isabel Dotzenrath…
A first-of-its-kind crew transfer vessel (CTV) has been launched by U.K. shipbuilder Diverse Marine for offshore crew transfer specialist Seacat Services.The multihull newbuild, Seacat Columbia, is the first BARTech30 CTV designed by BAR Technologies in partnership with Chartwell Marine…
The UK government has set ambitious climate change targets within the oil and gas industry, with The North Sea Transition deal aiming to reduce emissions by 50% before 2030. In the most recent emissions report published by the North Sea Transition Authority (NSTA)…
U.S. President Joe Biden on Friday accused the U.S. oil industry, and Exxon Mobil Corp in particular, of capitalizing on a supply shortage to fatten profits after a report showed inflation surging to a new 40-year record.U.S. consumer inflation…
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