Work has begun on a 2.4 billion pound (2.8 billion euro) project to build the first power cable linking Britain and Germany, said NeuConnect Interconnector, which is leading the move to connect two of Europe’s largest energy markets for the first time…
Global oil benchmark Brent hovered above $80 on Wednesday, buoyed by China's pledge to reinvigorate economic growth and expectations that the U.S. Federal Reserve will stop raising interest rates soon.Brent futures rose 38 cents at $80.01 a barrel by 0956 GMT…
A liquefied natural gas (LNG) vessel moored in the Tuscan port of Piombino will be moved off the coast of Vado Ligure and Savona in Italy's northwestern region of Liguria, the president of Liguria said on Tuesday.Italian gas grid operator Snam…
Full output has resumed at the Mongstad oil refinery in Norway, operator Equinor said on Wednesday, following a partial outage on July 12 due to a lightning strike near the plant. Mongstad is Equinor's largest refinery with a crude oil and condensate distillation capacity of 226…
UK-based union Unite said Tuesday its members in Stork had voted by 61 percent to end their industrial action after a ballot which will see offshore salaries increase by 10 percent and be backdated to January 2023.The ballot, in which 88 percent of Unite members voted…
Brazilian oil and gas company PRIO said Monday it had exceeded the milestone of 100,000 barrels per day of production, with the startup of production of the ODP5 (“F23P3”) well in the Frade field, offshore Brazil.The well has added stabilized initial production of approximately 8…
Danish offshore vessel owner ESVAGT and Norwegian ship designer HAV Design have selected Brunvoll as the supplier of a propulsion and maneuvering system for another Service Operations Vessel (SOV). The delivery will be a repeat of the contracted vessel from last year…
Russian oil and gas firm Zarubezhneft plans to sell its stake in Indonesia's Tuna gas project, the upstream regulator said on Tuesday, after its British partner said sanctions were complicating their joint development.Zarubezhneft is partnering British firm Harbour Energy…
Danish technology developer and integrator Floating Power Plant A/S said Tuesday it had been selected to negotiate a significant grant by the European Commission to support its SEAWORTHY project at the PLOCAN test site.SEAWORTHY is an acronym…
The board of the Swedish floating wind technology developer Hexicon has rejected a bid on the company from an unnamed 'European actor.'The bid, which was conditional of the board's recommendation, was set at SEK 1.5 per share, corresponding…
Brazil's state-run oil company, Petrobras, will keep total investments in its upcoming 2024-2028 business plan similar to the $78 billion foreseen in its latest five-year plan, CEO Jean Paul Prates told Reuters on Monday.Petrobras is preparing to preview updates to its business plan next month…
BP and Azeri national oil company Socar have taken part for the first time in an Israeli licensing round for natural gas exploration, the latest sign of growing international interest in the Eastern Mediterranean basin, sources said.BP and Socar…
Seajacks, an offshore installation services firm, has secured two new contracts in the offshore wind sector, Eneti, Seajacks' parent company said Monday.According to Eneti, the two new contracts are for work on offshore wind projects in northwest Europe…
Oil and gas exploration and production company Longboat Energy said Monday it had completed its transaction with Japan Petroleum Exploration Co., Ltd ('JAPEX') to establish a joint venture in Norway, with the initial investment of US$16 million received by the renamed entity Longboat JAPEX Norge AS…
Dutch marine services firm Boskalis said Monday it had completed the installation of all foundations for the 589 MW Changfang & Xidao offshore wind farm in Taiwan. 'In the last three years we installed 186 pin piles with our unique crane vessels…