The Celtic Sea is well positioned to maximize its position as an early hub for floating offshore wind. Still, it’s’ going to be a huge industrial challenge not unlike the oil industry faced when developing the Brents in the 1980s, today’s Floating Offshore Wind conference in Aberdeen heard…
Norway's Aker ASA said on Wednesday it was no longer part of a consortium that had made an unsolicited offer in July to buy most of Austrian oil and gas firm OMV's exploration and production business. Austrian newspaper Kurier on Tuesday reported that Aker…
Mozambique expects to ship its first liquefied natural gas (LNG) exports to Europe from the Eni-operated Coral Sul floating plant later this month or early November, petroleum regulator INP said on Friday in a supply boost for the energy-starved region…
A spokesperson for Russian energy giant Gazprom said on Monday that a mine destroyer discovered at the Nord Stream 1 offshore gas pipeline in 2015 belonged to NATO. Nord Stream reported on that date in 2015 that a 'munitions object' had been cleared by the Swedish armed forces…
East Mediterranean gas reserves can help ease Europe's energy crunch but require funding from institutions like the European Bank for Reconstruction and Development and the European Investment Bank to realise the area's full potential, an official said on Friday…
Baker Hughes Co posted a quarterly loss on Wednesday, compared with a profit a year ago, hit by $230 million in restructuring and impairment charges relating to the oilfield services provider's latest reorganization. The company during the recent…
Gas started flowing to Poland through the new Baltic Pipe pipeline from Norway via Denmark and the Baltic Sea on Saturday morning, Polish gas pipeline operator Gaz-System said. The pipeline is at the centre of Poland's strategy to diversify…
Atlantic Shores Offshore Wind, a 50/50 partnership between Shell New Energies US LLC and EDF Renewables North America, has appointed Joris Veldhoven as the company’s first Chief Executive Officer.The joint venture is working to develop offshore wind projects on the U…
Shell has pulled out of two offshore wind projects in the west of Ireland operated by Simply Blue Group a year after the British company acquired stakes in the developments. Shell and Simply Blue said in a joint statement on Saturday that Shell's…
OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted.OPEC's de-facto leader Saudi…
Exxon Mobil XOM.N is working with its partners on the U.S. company's exit from the Sakhalin-1 oilfield in eastern Russia, its head of upstream operations said on Tuesday. Production from the giant field, which Exxon operates and in which it owns a 30% stake…
On the night of September 26, near the end of the calm season on the Baltic, a broiling kilometer-wide circle disturbed the face of the sea and a huge mass of methane erupted into the air. The gas formed a cloud that crossed Europe, in what’s…
Danish offshore drilling firm Maersk Drilling has secured a contract with Shell Brasil for the semi-submersible rig Mærsk Developer in the Campos basin offshore Brazil.The offshore drilling rig will drill one exploration well and perform subsea well interventions at the BC-10 field…
A U.S. Navy reconnaissance aircraft flew near the site of the ruptured Nord Stream 2 pipeline in the Baltic Sea hours after the first damage emerged, according to tracking reviewed by Reuters, a flight Washington said was routine.Russia's Nord Stream 1 and 2 pipelines burst on Sept…
Kazakhstan's Energy Minister Bolat Akchulakov told Reuters that the giant offshore Kashagan oilfield will resume production of 400,000 barrels per day (bpd) by the end of October after maintenance.Speaking on the sidelines of the Russian Energy Week in Moscow…
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