Britain's latest subsidy auction for new renewable energy projects awarded no contracts for offshore wind projects, the results published on Friday showed, drawing criticism from opposition politicians and environmental campaigners.In a 2022 auction…
Italian offshore services firm Saipem has won two new contracts for offshore activities in Ivory Coast and Italy for an overall amount of 850 million euros (currently around $909,8 million).The first contract has been awarded to Saipem by Eni Côte d’Ivoire and its partner Petroci…
Eversource Energy has sold the uncommitted lease area of approximately 175,000 developable acres located 25 miles off the south coast of Massachusetts to Danish offshore wind farm developer Ørsted for $625 million in an all-cash transaction…
The Norwegian oil and gas DNO has appointed Christopher Spencer as Managing Director as Bjørn Dale steps down as part of a planned management transition initiated last year.Spencer has been DNO’s Chief Operating Officer since 2021. Before joining DNO six years ago…
Workers at Chevron's liquefied natural gas (LNG) projects in Australia went on strike on Friday after talks broke down, potentially disrupting output from facilities that account for over 5% of global supply.No further talks were scheduled between the unions and the U…
Gulf of Mexico-focused oil and gas exploration firm Arena Energy and drilling contractor White Fleet Drilling recently christened and mobilized a refurbished jack-up drilling rig in the U.S. Gulf of Mexico. White Fleet, Arena's strategic partner…
Energy companies Chevron and Repsol decided to quit offshore oil and gas exploration areas in Mexico, the regulator for the sector said on Thursday, joining more than a dozen other companies after disappointing results.Both had won the blocks in the Gulf of Mexico in a tender process…
Singapore is planning to expand a pilot project that boosts the ocean's capacity to absorb carbon dioxide emissions, using one of several emerging technologies that supporters hope can play a decisive role in the global battle against climate change…
Japan's JERA, one of the world's biggest buyers of liquefied natural gas (LNG), expects a muted impact on the market from a potential strike in Australia thanks to high stocks and low seasonal demand, a top executive said on Thursday.'I think the real impact is not much…
Oil and gas drilling services company KCA Deutag has won a one-year contract extension worth $60 million, for the provision of drilling operations and maintenance services on two offshore platforms in Angola with an undisclosed client.The award…
Cable maker Prysmian Group has been awarded a new contract worth around €630 million by Terna Rete Italia S.p.A., a company fully owned by Terna S.p.A., the Italian power grid operator (TSO).The Adriatic Link project includes the design, supply…
The value of Danish energy company Orsted, the world's largest offshore wind farm developer and a big player in the U.S., has plunged about 31% since it declared $2.3 billion in U.S. impairments in late August due to supply delays, high interest rates and a lack of new tax credits…
Deep Wind Offshore, a Norwegian offshore wind developer, said Thursday that that Octopus Energy would become a co-owner of the company together with the existing industrial owners Knutsen OAS, Haugaland Kraft, and Sunnhordland Kraftlag.Deep Wind Offshore…
SLB is on track to add about $5 billion in revenue this year, and sees similar potential for growth in 2024, mainly helped by increased drilling in international markets, CEO Olivier Le Peuch said at a conference on Wednesday.SLB, the world's largest oilfield service company and former Schlumberger…
Mediterranean-focused oil and gas producer Energean reported a 41.2% slump in first-half profit, dented by higher tax expense, and also trimmed its full-year production forecast to 125,000-130,000 barrels of oil equivalent per day (boed).Energean…
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