CADEMO Corporation, established by Floventis, and California Community Power (CC Power) have signed a memorandum of understanding (MoU) to facilitate the development of the 60 MW floating wind project off the California coast.The MoU is intended…
Engineering and energy consultancy Apollo has been awarded the project management consultancy (PMC) contract for INEOS E&P's Hejre project in the North Sea.The 4-year Hejre project entails the development of a greenfield platform, subsea infrastructure…
Unique Group acquired subsea technology and equipment manufacturer Subsea Innovation. The deal elevates Unique Group’s global engineering capabilities, enhances its portfolio and further strengthens the organization’s focus on engineering excellence and technology development…
ExxonMobil is 'optimistic and pushing forward' with its delayed Rovuma liquefied natural gas (LNG) project in Mozambique and expects a final investment decision at the end of next year, a company official said on Thursday.ExxonMobil and its…
France's energy grid operator RTE has signed a $4.8 billion contract with Hitachi Energy and Chantiers de l'Atlantique for the construction of several offshore power platforms and converter stations for two offshore wind farms to be built in France…
Oil company LLOG has started drilling the Who Dat East exploration/appraisal well in U.S. Gulf of Mexico, using Noble Corporation’s Noble Valiant drillship.The drilling operations on the Who Dat East well started on April 27, 2024, according to Karoon Energy…
U.S. oil producer ConocoPhillips missed Wall Street bets for first-quarter profit on Thursday, as lower natural gas prices and increased costs offset gains from higher oil production.A milder-than-expected winter hurt demand for the heating fuel in the quarter and pulled down U…
Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas production rose.The company said it will buy back a further $3…
The Chouest group has acquired ROVOP, a Scottish remotely operated vehicle (ROV) company, expanding its ROV fleet and subsea capabilities.With the ROVOP acquisition, Chouest, alongside its subsea service company C-Innovation, will now control…
Subsea7 has signed a new long-term strategic collaboration agreement between Equinor and Subsea Integration Alliance, which comprises Subsea7 and OneSubsea, securing exclusive collaboration on the Wisting field offshore Norway, and Bay du Nord…
Copenhagen Infrastructure Partners (CIP), on behalf of its Flagship Funds, has been awarded two licenses for the development of offshore wind projects in Australian state of Victoria, whose combined capacity is up to 4.4 GW.CIP has secured exclusivity…
Mainstream Renewable Power, as part of the Gippsland Skies Offshore Wind consortium, has secured a feasibility license from the Australian government for a fixed-bottom 2.5 GW offshore wind project off the Gippsland region of Victoria.The feasibility…
The Australian government has granted a feasibility license for Ørsted’s first offshore wind project in Australia and intends to grant a license for a second project, subject to consultation. The combined potential capacity of the two projects stands at 4…
Yinson Production has closed the limited recourse term loan facility of up to $1.3 billion for the pre and post-delivery financing of the Agogo FPSO, whish is set for deployment on Azule Energy’s development offshore Angola.The financing is provided by a consortium of 13 lenders…
Floating production solutions specialist Amplus Energy and Nigeria-based Versatile Group (VG Energy) have set up a joint venture Amplus VGE to unlock lucrative marginal fields in West Africa.With the support from Norway’s Carbon Circle, the…
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