The HSI joint venture, comprising HSM Offshore Energy, Smulders and Iv, has completed the installation of the Jasmund offshore substation (OSS) at the Ostwind 3 location in the Baltic Sea, marking a key milestone in Germany’s offshore grid expansion program…
TotalEnergies has agreed to sell its interests in Nigerian asset, while launching a new petroleum products trading joint venture in the Middle East, as the French energy major continues to reshape its portfolio and expand its downstream trading activities…
The U.K. has awarded a record 8.4 GW of offshore wind capacity in its latest Contracts for Difference allocation round (AR7), with RWE emerging as the largest winner after securing contracts for 6.9 GW and agreeing a long-term partnership with investment firm KKR…
Venezuela's state oil company has begun reopening some of the wells it and its joint venture partners had shut amid a strict U.S. embargo, as crude exports resume with two shipments departed on Monday, three sources close to operations said…
The floating production unit (FPU) for Woodside Energy’s Scarborough gas project has arrived at the Scarborough field offshore Western Australia, marking a major milestone for the development as it moves into the hook-up and commissioning phase ahead of first gas production…
A U.S. judge on Monday will consider a request from Danish energy company Orsted for an injunction against the Trump administration's decision to halt its $5 billion Revolution Wind project off the coast of Rhode Island.The company's lawsuit…
Vantris Energy, formerly known as Sapura Energy, has divested its 40% equity stake in L&T-Sapura Shipping to joint-venture partner Larsen & Toubro for total consideration of about $30.5 million, as part of a broader portfolio optimization strategy…
OceanMight, a subsidiary of KKB Engineering, has secured a contract from Petronas for construction services at greenfield development project offshore Malaysia.The letter of award signed by the companies is for the provision of minor engineering…
Oil major Chevron Corp, global trading houses Vitol and Trafigura, and other firms are competing for U.S. government deals to export crude oil from Venezuela, according to sources familiar with the matter.The competition reflects a desire by…
Oilfield services firm Archer has secured an integrated plug and abandonment (P&A) contract by Equinor covering 30 subsea wells, worth up to $140 million.The contract follows a frame agreement announced in March 2025, under which Archer was…
Ørsted will file a complaint and seek a preliminary injunction in the U.S. District Court for the District of Columbia, challenging U.S. government’s lease suspension order issued for the Sunrise Wind offshore wind project, after it instigated…
European energy companies Eni and Repsol are struggling to recover recover about $6 billion in gas payments from Venezuela and are facing indifference from U.S. officials about the debt, the Financial Times reported on Tuesday.Eni, Repsol, and the U…
Here are some key facts about the international oil companies operating in Venezuela. The country, which has the largest oil reserves in the world, is now in crisis following the capture of the President Nicolas Maduro.Hugo Chavez, the former president…
On Friday, January 2, 2026, Orsted said it was challenging the U.S. government's suspension of the lease for its Revolution Wind joint venture and would seek a court injunction against the decision to halt its $5 billion offshore wind project…
An offshore gas exploration well operated by ConocoPhillips Australia has intersected unexpected gas in the Otway Basin off southeastern Australia, prompting a temporary pause in drilling while partners assess changes to the well design.The Charlemont-1 exploration well…
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