Scottish firm Orbital Marine Power has secured an additional Contract for Difference (CfD) in the U.K.’s Allocation Round 7 (AR7), increasing its CfD-backed tidal energy project portfolio to 17 MW.The award adds to Orbital’s existing 2 MW O2 turbine…
Chevron and TotalEnergies are among the oil majors snapping up offshore blocks in West and Southern Africa as compelling geology, regulatory reforms, and the need to restock spur a hunt for the next Brazil.Companies are restocking their oil…
Energy markets enter 2026 in a downbeat mood as geopolitical uncertainty clouds the outlook and increasing signs of swelling oil and gas supplies threaten to sink prices.This past year was a wild one for the oil and gas industry, punctuated by the 12-day Israel-Iran war in June…
Cedar LNG, the partnership between Haisla Nation and Pembina Pipeline Corporation, has secured a 12-year agreement with Ovintiv for its floating liquefied natural gas (FLNG) facility, being developed on Canada’s West Coast.The agreement, signed…
Danish vessel owner ESVAGT has completed the acquisition of Breeze Enabler and Brint Enabler Service Operation Vessels (SOVs) from Edda Wind through a 100% share purchase agreement of the two Spanish vessel owning entities.The SOVs are on long…
Britain’s Serica Energy has agreed to acquire a portfolio of Southern North Sea gas assets from Spirit Energy and affiliates for $74 million, expanding its U.K. upstream footprint and lifting reserves and production.The deal, signed through…
Harbour Energy has agreed to acquire all the subsidiaries of Waldorf Energy Partners and Waldorf Production for $170 million, strengthening its position in the UK North Sea and adding oil-weighted production.The assets are being acquired from administration…
Orbital Marine Power Ltd, operator of the world’s most powerful tidal turbine, has secured a multi-million dollar investment to advance its international commercial projects and contribute to the wider decarbonization of energy.PXN Ventures…
Africa-focused oil and gas company VAALCO Energy has started its phase three drilling program offshore Gabon with the spudding of the ET-15 infill well on the Etame platform.As previously announced, the company secured a drilling rig in December…
TotalEnergies has agreed to merge its U.K. upstream operations with NEO NEXT Energy in a transaction that will create NEO NEXT+, expected to become the largest independent oil and gas producer in the United Kingdom.Under the deal, TotalEnergies will hold a 47…
Britain plans to ban companies from providing services such as shipping and insurance for Russian liquefied natural gas exports, in its latest attempt to help Ukraine in its war against Russia by trying to choke off Kremlin revenue.In October…
LNG Canada has started production of liquefied natural gas at the second of its two processing units, known as Train 2, the company said.Both trains at the Shell-led project in Kitimat, British Columbia - each with a capacity of 6.5 million metric tons per annum - are now operational…
Aker Solutions has secured a five-year enabling contract extension with ExxonMobil Canada Properties, the operator of the Hebron platform offshore Newfoundland and Labrador.The brownfield maintenance and modification (M&M) contract, valued between $147 million and $245 million…
Free webinar on October 16 at 11 AM EST — see how one port saved more than $1 million in a single year. Caption text (optional) --Ports nationwide are confronting grid instability and rising energy costs. Propane’s on-site, scalable power can…
Equinor and its partners has started production from the large Bacalhau field in Brazil, whose recoverable reserves exceed 1 billion barrels of oil equivalent (boe).Bacalhau is located in the pre-salt region of Brazil's Santos Basin in ultra-deep water of over 2…
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