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Vår Energi, Kistos Energy Greenlight Balder Phase VI Project in North Sea

Jun 18, 2025

Vår Energi and license partner Kistos Energy Norway have reached the final investment decision (FID) for the Balder Phase VI project in the Balder area, off Norway.The fast-track development will be a key contributor to sustaining long term, high-value production through the newly installed Jotun floating production storage offloading vessel (FPSO).The Balder Phase VI project will develop around 15…

Vallourec to Deliver Tubular Solution for Qatar’s Drilling ops

Jun 19, 2025

French tubular solutions supplier Vallourec has secured a large contract to supply Oil Country Tubular Goods (OCTG) for drilling operations in Qatar, valued at over $50 million in potential revenue.The agreement includes the supply of carbon steel OCTG products with premium connections…

Japan Energy Summit & Exhibition Opens in Tokyo

Jun 18, 2025

Opening Ceremony sets the tone for a pivotal three-day event focused on global cooperation,  diversified supply, and pragmatic climate solutions  Global CEO Panel featuring JERA, TotalEnergies, and Woodside underscores LNG’s role in energy  security…

Fugro-Led BeWild Completes First Fully Remote Ecology Survey at OW Farm

Jun 17, 2025

The BeWild project, led by Fugro, has completed the world’s first fully remote ecology survey at CrossWind’s Hollandse Kust Noord offshore wind farm, marking a significant shift in marine ecosystem monitoring.The innovative approach enables more efficient and less disruptive monitoring…

UK Offshore Wind Industry Employs 40,000 People, New Report Finds

Jun 17, 2025

RenewableUK and the Offshore Wind Industry Council (OWIC) have released a new report showing that the number of people working in the offshore wind industry has risen from just over 32,000 two years ago to nearly 40,000 today – an increase of 24%…

UK's Crown Estate Plans $543M Investment in Offshore Wind Supply Chain

Jun 17, 2025

King Charles III's Crown Estate, which owns Britain's seabed, said on Tuesday it will invest up to 400 million pounds ($543 million) in the country's offshore wind supply chain.The investment is intended to support the construction of new infrastructure…

Orsted Favors Increasing Investments in Taiwan, South Korea

Jun 16, 2025

Orsted, the world's biggest offshore wind developer, will increase investment in Taiwan and South Korea where it has already been awarded projects, instead of expanding to new markets in Asia, a senior company official told Reuters on Monday…

Japan Energy Expo '25 Opens this Week

Jun 16, 2025

JERA’s major U.S. LNG supply deal sets the stage for Japan Energy Summit & Exhibition 2025, taking place 18 – 20 June in Tokyo, with live commentary expected from JERA’s Global CEO and METI during the Opening Ceremony.The Strategic Summit will feature top executives from Shell…

Aramco CEO: Realism Must Anchor Global Energy Transition, Especially in Asia

Jun 16, 2025

Aramco President & CEO Amin H. Nasser used his address at Energy Asia 2025 to deliver a pointed message: the global energy transition must be rebalanced with pragmatism, especially for fast-growing regions like Asia that are still heavily reliant on conventional energy…

French Oil Major Acquires Interests in Multiple Blocks in Southeast Asia

Jun 16, 2025

TotalEnergies has acquired interests from Petronas in multiple blocks offshore Malaysia and in one block offshore Indonesia, where exploration, appraisal and development programs will be progressed.The licenses, which are all in different maturation stages…

EIB Pledges $1.8B for Span-France Bay of Biscay Interconnector

Jun 16, 2025

The European Investment Bank (EIB) has allocated $1.84 billion to finance the construction of the Bay of Biscay electricity interconnection between Spain and France.The EIB financing for the Bay of Biscay project takes the form of loans to Spanish…

Commodity Report: Meeting Oil Demand a Challenge if Israel Hits Iran Oil

Jun 13, 2025

Oil market participants have switched to dreading a shortage in fuel from focusing on impending oversupply in just two days this week.After Israel attacked Iran and Tehran pledged to retaliate, oil prices jumped as much as 13% to their highest…

CCS Capacity to Quadruple by 2030, DNV Report Finds

Jun 13, 2025

DNV has published a report forecasting that carbon capture and storage (CCS) capacity is expected to quadruple by 2030, with sharp increase project pipeline capacity indicating that CCS is at a turning point.The immediate rise in capacity is…

TotalEnergies and Partners Sign PSC Extension for Deepwater Block off Angola

Jun 12, 2025

TotalEnergies and its partners have signed a production sharing contract (PSC) extension for Block 17, located in deep waters offshore Angola.Block 17 is one of the country’s most prolific offshore oil exploration blocks and it is operated by TotalEnergies with Equinor…

First Crude from ONE Guyana FPSO Set for Export in August-September

Jun 12, 2025

The first crude cargo from Guyana's fourth oil production facility, which arrived in the country in April and is being installed, is set to be exported between late August and early September, the government told Reuters on Tuesday.A consortium by U…

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