Tidal energy company Nova Innovation plans to develop its largest tidal energy array to date at Yell Sound in Shetland. The company has been awarded an Option Agreement from Crown Estate Scotland to develop a 15MW tidal array at Yell Sound, between the islands of Yell and Bigga…
Norwegian oil and gas firm Equinor has exercised extension options worth 8 billion Norwegian crowns (~$898,7 million) with Archer, KCA Deutag, and Odfjell Drilling. The contracts include drilling, completion, intervention services, plugging…
Helix Energy Solutions Group has won a field decommissioning contract of an undisclosed value with Trident Energy in Brazil.The project is located off the coast of Brazil in the Pampo and Enchova Clusters in the Campos Basin. The 12-month firm contract is scheduled to begin in late 2022…
Guyana could form a national oil and gas company to oversee its own exploration instead of conducting an offshore drilling auction this year, a government official told international oil executives on Tuesday.The tiny South American country…
Russian President Vladimir Putin reiterated on Tuesday after meeting German Chancellor Olaf Scholz that the Nord Stream 2 gas pipeline, which is still awaiting regulatory approval, is a 'purely commercial' project which will strengthen Europe's energy security…
Norwegian oil and gas company Aker BP has exercised a scope-based option to use Odfjell Drilling's Deepsea Nordkapp semi-submersible drilling rig to drill development wells at the recently approved Kobra East Gekko (KEG) project.Odfjell Drilling…
Renewable energy giant RWE has selected Atlantique Offshore Energy, the marine energy business unit of the French company Chantiers de l’Atlantique, for the delivery of the electrical offshore substation for the F.E.W. Baltic II, offshore wind project in the Polish Baltic Sea…
Offshore engineering and construction company McDermott said Tuesday it had secured its largest-ever renewable energy contract from grid operator TenneT for the BorWin6 980MW High-Voltage, Direct Current (HVDC) project, offshore Germany.The project is for the design…
Israel's energy minister said on Tuesday that it would not be a problem if Israeli natural gas that is exported to Egypt makes its way to Lebanon, a long-time enemy that is dealing with an energy crisis.Lebanon has already signed a deal with…
Today marks 40 years since 84 men lost their lives when the semi-submersible mobile offshore drilling unit “Ocean Ranger” sank in what was one of the worst offshore accidents in Canadian history. The Ocean Ranger was drilling an exploration…
Norwegian oil and gas company Aker BP said Tuesday it had officially entered into a merger plan with Lundin Energy, following the proposed merger announcement in December 2021, that will create Norway's second-largest oil producer.The parties at the time said explained that…
Gazprom Neft, the oil arm of Russian energy firm Gazprom, expects to restore oil drilling to pre-pandemic volumes this year with the help of new technologies, a company senior manager told Reuters on Tuesday.Analysts and company sources have…
Neptune Energy and RWE said Tuesday they had signed an agreement for the H2opZee project, an offshore green hydrogen development in the Dutch North Sea.H2opZee is a demonstration project which aims to build 300-500 megawatts (MW) electrolyzer…
Sweden presented plans on Tuesday to build offshore wind power plants that will generate 20-30 terawatt-hours (TWh) per year, with an aim to reach 120 TWh at a later stage.The areas are located in the waters both east and west of Sweden, the Nordic country's government said…
Australian oil and gas company Santos is drilling ahead at its Pavo-1 well, off W. Australia, after last week's spud using the Noble Tom Prosser jack-up drilling rigThe Pavo-1, operated by Santos (70%) with Carnarvon as partner (30%) is targeting…
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