The jacket for TenneT's Hollandse Kust (North) offshore wind substation has been installed off the coast of the Netherlands.The next step for this offshore power station is that the ready-made topside containing the transformers will be placed on the jacket in May 2022…
Oil and gas giant Shell has started production from the Arran gas and condensate field in the UK North Sea.Shell's Arran development is part of the broader Central Graben Area Plan, and is developed as a tie-back via a new pipeline to Shell's Shearwater offshore platform…
ConocoPhillips reported a third-quarter profit on Tuesday, compared with a year-ago loss, thanks to a rebound in crude prices to pre-pandemic levels.Oil prices have climbed nearly 63% since the beginning of the year, driven by a rise in global demand and on supply bottlenecks…
Fugro has completed a site survey over Shell's planned high-impact Pensacola offshore exploration well in the Southern North Sea, off the UK, ahead of the planned drilling in 2022.Deltic Energy, Shell's partner in the offshore license containing the Pensacola prospect…
Oil prices rose more than 1% on Friday, staging a partial recovery after OPEC+ producers rebuffed a U.S. call to raise supply and instead maintained plans for a gradual return of output halted by the pandemic.Brent crude rose 82 cents or just over 1% to $81…
The growing avalanche of governments and companies committing to cut their climate-changing carbon pollution to net zero now covers 88% of global emissions, according to a tracker run by leading climate analysis groups.But those pledges do not…
Shell said on Friday it expects an offshore transfer facility, which was shut due to damage from Hurricane Ida, to be operational in the first half of November, restarting production of a popular Gulf of Mexico crude grade earlier than expected…
Oil and gas producer Wintershall Dea's most closely watched measure of earnings more than doubled in the third quarter, it said on Tuesday, benefiting from soaring oil and gas prices and spending cuts.The company, owned jointly by BASF and Russia's LetterOne…
Royal Dutch Shell has appointed Wael Sawan as head of its integrated gas and renewables division, replacing Maarten Wetselaar who will leave the energy company after 25 years.Sawan currently heads Shell's oil and gas production, or upstream…
Italy's biggest banking group Intesa Sanpaolo could help fund Novatek's Arctic LNG 2 project even as some European governments show lukewarm support for the giant Russian gas project.'We are studying the dossier ... though no decision has as yet been taken…
BP added more than a billion dollars to its share buyback program on Tuesday as it likened itself to a 'cash machine' benefiting from higher oil and gas prices and a strong trading performance in the third quarter.Natural gas and power prices…
Nearly 90 countries have joined a U.S.- and EU-led effort to slash emissions of the potent greenhouse gas methane 30% by 2030 from 2020 levels, a pact aimed at tackling one of the main causes of climate change, a senior Biden administration official said…
The Biden administration on Thursday unveiled fresh steps toward building offshore wind farms in waters off the coasts of Massachusetts, the Carolinas, and in the Gulf of Mexico.The announcement is the government's latest in an aggressive push to expand the nascent ocean industry to every U…
Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to invest in wind and solar. Among a dozen U…
Norwegian oil and gas company OKEA, the operator of the giant Draugen platform off Norway, is working on a project that will see the offshore oil production facility powered by floating wind turbines.The news was shared by the recently formed…
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