President-elect Donald Trump's support for the fossil fuel sector and climate scepticism have sparked dismay throughout the global climate tracking community, and fears that his policies may reverse global energy transition momentum.His campaign…
Italian energy group Eni said on Saturday it had launched the hull of the Nguya Floating Liquefied Natural Gas (FLNG) facility in Wison Heavy Industry's shipyard in Nantong, China, to be deployed offshore of the Republic of Congo.The FLNG will have a liquefaction capacity of 2…
QatarEnergy has entered into an agreement with TotalEnergies to acquire additional offshore exploration interests in the Orange Basin off the coast of Namibia, it said on Sunday.The deal includes a 5.25% increase in QatarEnergy's stake in block 2913B and a 4…
Oil prices edged up about 1% to a two-week high on Friday as the intensifying war in Ukraine this week boosted the market's geopolitical risk premium.Brent futures rose 66 cents, or 0.9%, to $74.89 a barrel by 11:39 a.m. EST (1639 GMT), while U…
Norwegian offshore survey services firm Electromagnetic Geoservices (EMGS) has secured a contract for controlled-source electromagnetic (CSEM) offshore India.The survey is expected to have a contract value of approximately $10 million, including mobilization fee…
Poland is planning to assign new areas for offshore wind farms in the Baltic Sea and is drafting additional measures to boost the security of its critical energy infrastructure, government officials said on Wednesday.'Maritime offices will submit analyses any moment…
Swedish company Seabased has signed a three-party memorandum of understanding (MoU) with the Government of Grenada and SIDS DOCK to establish Grenada’s first utility-scale wave energy park.The agreement outlines a phased project that will begin…
Iberdrola, through its start-up program Perseo, has invested in the start-up Revestimientos Técnicos Sostenibles (RTS) to promote its innovative solutions related to manufacturing insulation and anti-corrosion coatings, which have a direct use on offshore wind structures…
CSL OWL Subsea Rock Installation, a newly formed partnership between the CSL Group and Offshore Wind Logistics (OWL), has ordered two newbuild subsea rock installation vessels tailored for the offshore wind sector.Each vessel will have a cargo capacity of 17…
Norwegian offshore vessel owner Solstad Offshore has secured multiple new contracts and contract extensions, whose combined value is $60 million.Solstad secured one new contract, and one contract extension from Petrobras, for work offshore Brazil…
U.S. oil major ExxonMobil and partners have pulled out of negotiations with Guyana's government on terms for exploring and developing a shallow-water oil block, the South American country's vice president said on Thursday.Exxon, U.S.-based Hess…
Malaysia’s oil and gas services firm Velesto has completed the wreck removal of the its Naga 7 jack-up rig, which submerged off the coast of Sarawak in Malaysia in 2021.The removal operations, except for the earlier removed helideck, were carried out by the contractor…
Offshore drilling contractor Shelf Drilling has received a notice of suspension for its High Island II jack-up rig from Saudi Aramco, following the similar notice it received from the same operator for High Island IV in the last month.The start…
BP and its partners have reached a final investment decision for a $7 billion Tangguh Ubadari carbon capture, utilization and storage (CCUS) project, which has the potential to unlock around 3 trillion cubic feet of additional gas resources in Indonesia to help meet growing energy demand in Asia…
SBM Offshore has completed the $1.5 billion project financing of the Jaguar floating production, storage, and offloading (FPSO) unit, which will be deployed at ExxonMobil's Whiptail project, located in the Stabroek Block, offshore Guyana.The…