The EolMed consortium comprising Qair, TotalEnergies, and BW Ideol, has reached a final investment decision for its 30MW offshore floating wind development in France, BW Ideol said in a brief statement on Thursday.BW Ideol, a company making foundations for floating wind turbines…
ADES, a Middle East-focused offshore drilling company, is continuing with its April offshore rig shopping spree.After agreeing to buy four jack-up drilling rigs from Aban Offshore, and one from Maersk Drilling earlier this month, ADES has now…
Australian offshore vessel owner MMA Offshore has agreed to sell its shipyard facility in Batam, Indonesia to Wasco Engineering Group.Wasco will pay $15 million for the shipyard facility. The transaction is expected to complete by December 30…
Independent infrastructure investor Global Infrastructure Partners ('GIP') has agreed to acquire offshore wind farm developer wpd offshore from the German company wpd AG.wpd offshore has a track record of ~7 GW of offshore wind developed to date…
Octopus Energy Generation has bought a near-8% stake in the 270 megawatt Lincs wind farm off the East of England, its first investment in a large UK offshore wind farm, it said on Thursday without disclosing financial details.The wind farm has…
The U.S. Department of Energy intends to commit $2.25 billion for projects to store carbon dioxide underground and help fight climate change, it said on Thursday.The funding for carbon storage validation and testing over the next five years…
Denmark's government on Tuesday said it aimed to significantly boost renewable energy supply and temporarily increase production of natural gas from its fields in the North Sea, in a move to rapidly become independent of Russian supplies.'We…
Offshore drilling company Awilco Drilling has agreed to sell its WilPhoenix semi-submersible drilling rig to the UK-based P&A specialist Well-Safe Solutions Ltd. Well-Safe will pay $15.5 million for the semi-sub built in 1982 and upgraded in 2011…
Brazil's government is trying to add the 12th block to an auction of oil exploration areas expected later this year, an Energy Ministry official said on Tuesday at the Offshore Technology Conference (OTC) in Houston.The Ametista block is located…
Oil and gas company Energean, focused on bringing online the Karish gas field offshore Israel, said Tuesday it had signed a new Karish gas sales deal for up to 0.8 bcm/yr. It also said that the Energean Power FPSO, which will be used to produce gas from the Karish field…
ASX-listed SRJ Technologies Group plc in December last year struck a deal to buy the UK-based oilfield services firm STATS. However, STATS said Monday that the deal had fallen through over SRJ's inability to raise funds for the deal.'[STATS…
TotalEnergies could up to double its share buybacks this quarter, it said on Thursday, after soaring oil and gas prices as a result of Russia's invasion of Ukraine drove a sharp rise in quarterly earnings.The French oil and gas major, which is bolstering its renewables and electricity portfolios…
Oil and gas company Afentra plc, led by former Tullow CEO Paul McDade, has signed an agreement with Angola's Sonangol to buy interests in Block 3/05 and Block 23, offshore Angola.Afentra will pay $80 million and could also pay contingent payments…
Brazil's state-run oil company Petrobras said on Wednesday its board has approved the sale of its stake in the Albacora Leste oilfield to Petro Rio SA for $2.2 billion.The oil giant, formally known as Petroleo Brasileiro SA, said the sale was…
Oil production at Brazil's Petrobras rose in the first quarter as additional wells ramped up or came online, while a new platform set to start pumping in May should help that trend continue, the state-run company said on Wednesday.In a securities filing…
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