BW Energy has signed a sale and leaseback agreement with Minsheng Financial Leasing (MSFL) for the Jasmine Alpha jack‑up drilling rig.BW Energy will receive an $80 million cash consideration, strengthening financial flexibility while maintaining continued access to the unit, the company said.Under the agreement, BW Energy has entered into a 12‑month lease of the rig, with an option to extend for a further 12 months…
Iberdrola has awarded contracts to Siemens Energy and Prysmian, worth more than $4 billion (€3.5 billion), for the development of the Eastern Green Link 4 subsea electricity interconnector between Scotland and England.Under the agreements, Siemens…
Etu Energias has agreed to acquire stakes in offshore Blocks 14 and 14K in Angola from Azule Energy, after exercising pre-emption rights over the assets.Azule Energy, a joint venture combining the Angolan businesses of BP and Eni, said it signed…
Maraen has approved plans for more than $40 million (£30 million) investment for the upgrades at the Port of Nigg, following the integration of three energy businesses under a new brand.Maraen combines the capabilities of Port of Nigg, Global Energy (Group) and Global Energy Services…
Halliburton, in collaboration with ExxonMobil, Sekal, Noble, and the Wells Alliance Guyana team, has delivered a groundbreaking step forward in digital well construction to achieve the industry’s first fully automated geological well placement with complete rig automation in offshore Guyana…
The European Union may be forced to scale back its flagship climate policies and geopolitical aims as the Iran war drives up energy prices - with lasting consequences for the bloc's energy strategy.The energy crunch sparked by the conflict, now in its fourth week…
SLB has expanded its collaboration with NVIDIA to develop artificial intelligence (AI) infrastructure and models aimed at large-scale deployment in the energy industry.The companies said the work will focus on modular data center design, development of an “AI Factory for Energy…
The United States and French energy major TotalEnergies said on Monday they would redirect nearly $1 billion from offshore wind leases to U.S. oil and natural gas production.The agreement marks a new strategy in the Trump administration's wide-ranging effort to stymie development of U…
Saudi Aramco Chief Executive Amin Nasser has cancelled his planned appearance at the CERAWeek energy conference in Houston to remain in Saudi Arabia because of the Iran conflict, an industry source told Reuters.Nasser, who has been CEO of the world's top oil exporter for more than a decade…
A joint venture by Energean, ExxonMobil and Helleniq Energy has notified Greece it would look for gas in a western offshore bloc, the nation's hydrocarbons management agency said on Thursday, a move that would involve the first test drilling in the country for decades…
Revolution Wind, a 50/50 joint venture between Global Infrastructure Partners’ Skyborn Renewables and Ørsted, started delivering power to New England's electric grid on March 14.Revolution Wind, a 704MW offshore wind energy project, is expected to supply enough electricity to power more than 350…
G7 energy ministers stopped short of agreeing on a release of strategic oil reserves on Tuesday and instead asked the International Energy Agency to assess the situation before acting.The IEA said it was convening an extraordinary meeting of its member states on Tuesday…
The economic risks of the world’s heavy dependence on oil and gas have been laid bare twice in four years - first with Russia’s invasion of Ukraine and now with the U.S.-Israeli war on Iran - undermining U.S. President Donald Trump’s flagship push to double down on fossil fuels…
After a softer 2025, floater backlog is strengthening for 2026 and beyond, driven by early contracting, strong South American demand, and a growing pipeline of 2027+ programs.By the close of 2025, total floating rig backlog days had fallen 25% compared with 2024…
The U.S. Department of Energy (DOE) has approved a 12% expansion in exports at Cheniere Energy’s Corpus Christi liquefied natural gas (LNG) terminal in Texas, authorizing additional shipments to non-free trade agreement countries.U.S. Secretary…
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