U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since mid-January, energy services firm Baker Hughes BKR.O said in its closely followed report on Thursday.The oil and gas rig count…
Orcadian Energy has completed the previously announced farm-out of an 81.25% interest in license P2244 in Central North Sea, which contains the Pilot field, to Ping Petroleum UK, which became the operator of the license.Ping is focused on shallow…
Ithaca Energy has been given a four-week exclusivity period by Italy's Eni to make an offer for UK exploration and production assets that could expand its output massively, the London-listed company said on Wednesday.Buying those assets, including those of Eni's recently acquired Neptune Energy…
Vattenfall has completed the sale of the Norfolk Offshore Wind Zone to RWE, with the agreed purchase price corresponding to an enterprise value of $1.21 billion (£963 million). The deal ensures continued development of the Norfolk Zone which…
Offshore wind energy development presents an opportunity to add transmission capacity to the U.S. East Coast's power system that could ensure reliability for electric grid, according a study released by the U.S. Department of Energy (DOE) on Thursday…
Norwegian davit supplier Vestdavit has notched up a new annual sales record for another consecutive year after seeing its order intake surge by 76% in 2023 on high demand from the offshore wind and oil and gas sectors, as well as increased sales in its core naval market…
Dril-Quip and Innovex Downhole Solutions have agreed to merge, creating a ‘unique’ industrial platform for onshore and offshore oil and gas sector.In an all-stock transaction, Dril-Quip will combine its drilling and production equipment expertise…
Italy's Eni said on Thursday it would embrace transition by creating separate units specialising in carbon capture and bio chemicals, adding to already existing renewable energy and biofuel subsidiaries.The four units would eventually attract…
Technip Energies, a leader of a consortium with GE Vernova and Balfour Beatty, has received a Letter of Intent from BP, on behalf of NZT Power Limited, for the execution phase of the Net Zero Teesside Power (NZT Power) project in the United Kingdom…
Saipem has signed a letter of intent for the development of CO2 offshore transportation and storage facilities as part of the Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZTP) projects for the East Coast Cluster in the UK…
Venterra Group, the global offshore wind services company, has secured a contract to assess metocean data collection needs that will assist with offshore wind farm development off Canada's Atlantic Coast.Amidst a surge in interest in offshore wind power…
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…
U.S. oil producer Hess said on Thursday it was reviewing the timeline for closing its merger with Chevron, after oil major Exxon Mobil signaled a potential counter offer for Hess's Guyana assets.Exxon on Wednesday filed a contract arbitration…
Exxon Mobil Corp on Wednesday said it filed a contract arbitration claim disputing Hess Corp's proposed sale of its Guyana oil properties, and suggested it may counter Chevron Corp's pending deal for the assets.The arbitration case seeks to…
Cedar LNG and its partners, the Haisla Nation and Pembina Pipeline, have postponed the final investment decision (FID) for the proposed floating LNG facility in Canada's British Columbia to mid-2024.Cedar LNG has completed several key project deliverables…
Subscribe
