Shell has replaced liquefied natural gas (LNG) volume it lost after exiting Russia in 2022 with a string of deals that underpin CEO Wael Sawan's bet on growing demand for the fuel as he reduces the focus on renewable energy.The new projects…
New York Governor Kathy Hochul announced the start of construction on Sunrise Wind, a 924-megawatt offshore wind project developed by Orsted, the New York State Energy Research and Development Authority (NYSERDA) said on Wednesday.The project will provide enough clean energy to power about 600…
Repsol and EDF Renewables have signed an exclusivity agreement to cooperate on future offshore wind tenders in Spain and Portugal.The collaboration brings together Repsol's commitment to multi-energy growth and knowledge of the Spanish and Portuguese…
Canada's Tenaz Energy on Thursday said it had entered into an agreement with NAM, a joint venture between Shell, ExxonMobil and the Dutch government, to acquire all issued and outstanding shares of NAM Offshore B.V. for 165 million euros($180…
Oil and gas company PetroNor E&P has marked lower than average production at Perenco-operated PNGF Sud field offshore Congo in the second quarter of the year, disclosing also that an additional workover team will be employed at the field to bring it up to speed…
Britain's renewables industry has called on the new Labour government to increase the country’s renewable auction budget by hundreds of millions of pounds to help meet its offshore wind target and wider goal to decarbonize the power grid.Labour…
Weak refining margins and lower oil trading results will dent BP's second-quarter profit by up to $700 million, the company said on Tuesday, sending its shares down by over 3%.The warning, which led several analysts to lower their earnings estimates…
Switzerland-based energy trader MET Group has struck a 10-year deal for Shell to supply it with liquefied natural gas (LNG) from the U.S. on a free-on-board (FOB) basis, it said on Tuesday.MET Group said the agreement will enable it to further diversify its LNG supply portfolio…
Moray West offshore wind farm, an 882 MW project currently under construction, has delivered first power from the first series of wind turbines already installed offshore Scotland.The power has been exported to the National Electricity Transmission System (NETS)…
Specialist sustainability consultancy ERM has launched offshore trials to test key elements of its innovative Dolphyn Hydrogen process.Following six years of development, the trials are being conducted in a floating marine environment in Pembroke Port…
Pulse Structural Monitoring, a brand in marine energy and infrastructure services company Acteon, has been awarded a contract by Ørsted Taiwan to deliver measurement and associated data acquisition systems for the Greater Changhua 2b and 4 offshore wind farms…
Ørsted has completed the acquisition of Eversource’s 50 % share of Sunrise Wind, a 924 MW offshore wind farm located off the coast of New York.The purchase price at closing to acquire Eversource’s share of Sunrise Wind is $152 million.At signing in January 2024…
Golar LNG has entered into definitive agreements with Pan American Energy (PAE) for a 20-year deployment of a floating liquefied natural gas (FLNG) vessel in Argentina.The FLNG project will monetize Argentine gas, tapping into the vast resources…
Global solar deployment to add 3.8 TWac of new project capacity by 2033 compared to 1.6 TW of wind power, while 640% growth is forecast for energy storageFrom 2024 to 2033, developers will bring more than 5.4 terawatts (TWac) of new solar and wind capacity online…
Shell Trinidad and Tobago, a subsidiary of Shell, has taken Final Investment Decision (FID) on the Manatee project, an undeveloped gas field in the East Coast Marine Area (ECMA) in Trinidad and Tobago.Manatee will allow Shell to competitively…
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