Oil companies will have to look further afield for new fossil fuel resources now that the Iran war has dented the investment allure of the energy-rich Middle East. Higher oil prices will give them that chance.Major international oil companies, including Exxon Mobil, Chevron, TotalEnergies, Shell and BP, have long been drawn to the Middle East by its vast resources, stable fiscal terms and, until recently…
Eco Wave Power has completed its wave energy pilot project at the Port of Los Angeles, submitting a final report to Shell International Exploration and Production and concluding a development program launched in 2024.The project, located at AltaSea in the Port of Los Angeles…
Subsea7 has been awarded a contract by Noble Energy EG Ltd (a Chevron Company) for the subsea installation scope on the Aseng Gas Monetisation Project, offshore Equatorial Guinea.The project involves a single-well tieback connecting Aseng field to the existing Alen platform…
A committee of senior officials in President Donald Trump's administration voted on Tuesday to exempt the Gulf of Mexico oil and gas industry from a federal law meant to protect endangered species including whales, birds and sea turtles.The decision…
Romania is hindering further offshore gas exploration in the Black Sea by not auctioning off new blocks, the chief executive of an offshore gas project said on Tuesday.The European Union and NATO member has an estimated 200 billion cubic metres…
Petrobras has selected Fugro to carry out a geotechnical site investigation for its Rio de Janeiro Offshore Wind Pilot Project, the first offshore wind development in South America to advance under a formal environmental licensing process.The…
Golden Pass LNG, a joint venture between QatarEnergy and ExxonMobil, has produced its first liquefied natural gas from the initial train of its export facility in Texas, marking a step toward full operations.The project, located in Sabine Pass…
Sable Offshore said on Monday it has begun selling oil from its Santa Ynez Pipeline System offshore California to Chevron, after resuming crude transportation earlier this month.Shares were up more than 3% in premarket trading.The pipeline system…
Libya’s National Oil Corporation (NOC) has signed a memorandum of understanding with Chevron to carry out a technical study of offshore Block NC146.NOC Chairman Masoud Suleman said the agreement covers a comprehensive assessment of the block…
As Big Oil executives gathered this week and discussed the biggest-ever disruption to global energy supplies due to the war in Iran, there was one impact they did not address publicly: the multibillion-dollar windfall they will make because of soaring prices for the energy they sell…
Russian Foreign Minister Sergei Lavrov said the U.S. has been seeking control over the Nord Stream gas pipelines in the Baltic Sea, which were damaged by mysterious blast in September 2022.Explosions that destroyed the pipelines more than three…
The world will not be able to reach carbon neutrality by 2050 as outlined in the Paris Agreement, French oil major TotalEnergies said on Thursday, and the company will have to adapt its own climate ambitions as a result.Total had previously said it had an ambition to be carbon neutral by 2050…
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…
Enersea has completed the detailed design of two offshore substation jackets for the Hornsea 3 offshore wind farm in the United Kingdom.The two jackets, Link 01 and Link 02, each weigh around 3,500 tonnes and will support offshore substations of about 9…
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…
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