Exxon Mobil CEO Darren Woods on Monday said his company is trying to establish it has rights over Hess Corp's Guyana assets in its dispute with Chevron, not buy the company itself.In his first public remarks on the company's pursuit of an arbitration…
Shell weakened its 2030 carbon reduction target and scrapped a 2035 objective, citing expectations for lower power sales and strong demand for gas in the energy transition even as it affirmed a plan to cut emissions to net zero by 2050.The changes…
International engineering firm COWI has been awarded a contract by Thistle Wind Partners (TWP) - a joint venture involving DEME, Qair and Aspiravi – to provide Pree-FEED study for Ayre and Bowdun offshore wind projects in Scotland.Under the contract…
BlueNord, a partner in the TotalEnergies-operated Tyra natural gas development, has announced that the methanol loading at the redevelopment project has started, with the official restart set for the second half of March.Following the milestone and depending on continued progress…
Shares of Brazil's state-run oil company Petrobras plunged more than 11% in opening trading in Sao Paulo on Friday, after the firm's dividend frustrated investors and triggered analyst downgrades.In a fourth-quarter earningsrelease late on Thursday…
UK-based Viaro Energy has received regulatory from the North Sea Transition Authority (NSTA) for the assignment in the Bressay oil field license, following the recently completed acquisition agreement with EnQuest. Under the terms of the sales and purchase agreement…
Danish renewable energy developer Ørsted has secured first offer rights to procure greener heavy-plate steel for offshore wind foundations from Dillinger, the largest heavy steel plate producer in Europe.Through the memorandum of understanding (MoU) signed by the parties…
Corio Generation, a Macquarie Group company, has signed a memorandum of understanding (MoU) with a leading supplier of electricity to the Vietnamese power market EVNGENCO3, setting the intention to advance offshore wind industry in the Southeast Asian country…
Shearwater GeoServices has secured two 4D monitoring projects from Equinor for the Mariner field in the UK North Sea and the Heidrun field in the Norwegian Sea offshore Norway.Shearwater will deploy its Isometrix technology for both surveys…
Eastern Green Link 2 (EGL2), a joint venture between SSEN Transmission and National Grid Electricity Transmission (NGET), has awarded contracts for the development of ‘subsea electricity superhighway’ to Prysmian, Hitachi Energy and BAM.EGL2 will see the creation of a 525kV…
Esgian reports rig-related updates from Dolphin Drilling, Diamond Offshore, and Seadrill in its Week 9 Rig Analytics Market Roundup.Report Outline:ContractsDespite Tullow Oil’s recent announcement that it would take a break from drilling offshore Ghana…
Esgian reports that offshore drilling contractors secured additional backlog in the U.S. Gulf of Mexico, Egypt, Nigeria, and Brazil and operators confirmed new discoveries in Indonesia, Côte d’Ivoire, and China in its Week 10 Rig Analytics Market Roundup…
Masdar, the UAE’s clean energy powerhouse, has acquired a 49% stake in the UK Dogger Bank South (DBS) offshore wind projects as part of the agreement with RWE.The partners will now jointly forge ahead with the delivery of these flagship projects…
Challenger Energy has, through its wholly-owned Uruguayan subsidiary CEG Uruguay, entered into farm-out agreement with Chevron for the 60% interest in the AREA OFF-1 block offshore Uruguay.As part of the agreement, Chevron will acquire a 60% participating interest in the AREA OFF-1 block…
The U.K. government has approved $1.27 billion for the next contracts for difference (Cfd) auction round, which is the biggest ever funding boost for its flagship renewables support scheme.The budget for the sixth CfD allocation round signals…
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