BW Energy has, in a consortium with Maurel & Prom, signed an agreement to acquire a combined 20% non-operated interest in Block 14 and 10% in Block 14K offshore Angola from Azule Energy.Within this transaction, BW Energy’s net share will be 10% in Block 14 and 5% in Block 14K, providing a strategic foothold in Angola aligned with the Company’s long-term regional growth strategy.Block 14 is a mature deepwater asset comprising nine producing fields…
Swedish wave energy developer CorPower Ocean has been put in charge of $35 million (€30 million) European project aimed at improving the competitiveness and bankability of wave energy farms, with large-scale validation work planned in U.K. waters…
Mubadala Energy and PLN Energi Primer Indonesia (PLN EPI) have signed a heads of agreement to supply gas from the Andaman Sea as part of efforts to strengthen Indonesia’s energy security.The agreement establishes a framework for supplying cleaner…
Record-breaking 239,709 attendees from 172 countries gathered at ADIPEC 2025, reaffirming UAE’s convening power and its role as a global hub for energy, partnerships and innovation. ADIPEC 2025 generated an estimated US$400 million in economic benefits for Abu Dhabi’s economy…
Global finance leaders discuss the new era of energy investment defined by pragmatism, diversification and strategic capital allocation Industry leaders urge fundamentals-based planning amid global volatility, with stable, sound and clear…
ADIPEC 2025 kicks off in Abu Dhabi with a powerful message from Dr. Sultan Al Jaber for a balanced and inclusive approach to meeting energy demand, built on reinforcement, not replacement. Opening addresses and high-level sessions featuring…
Greece is working hard to finalize a contract with U.S. oil major Chevron and its Greek partner Helleniq Energy for energy exploration offshore Greece by the end of the year, the country's energy minister said on Friday.Chevron and Greece's…
Scotland’s largest Energy Transition Skills Hub, a $13.3 million facility featuring a welding academy, advanced manufacturing zone and digital training suites, was officially opened in Aberdeen on Monday by First Minister John Swinney.The Hub…
Provider of services to the global energy industry Petrofac has extended its work in the U.K.’s North Sea with a two-year contract renewal from Ithaca Energy, valued at $50 million.Under the integrated services contract, Petrofac, who has supported Ithaca Energy since 2011…
Egypt signed three investment agreements worth more than $121 million for oil and gas exploration in the Western desert, Suez Gulf and north of Sinai, the Egyptian petroleum ministry said on Sunday.The deals were with Parenco Egypt, Dubai-based Dragon Oil and Apache…
Eco Wave Power launched its first U.S. wave energy project at the Port of Los Angeles, developed in collaboration with AltaSea and Shell Marine Renewable Energy (MRE).This project marks the first onshore wave energy installation in the U.S.…
Danish power cable maker and services provider NKT has signed a contract with Energinet to deliver a HVDC power cable system for the offshore interconnector linking the Bornholm Energy Island to the power grid on Zealand.Energinet, the Danish transmission system operator (TSO)…
Eco Wave Power has completed operational testing at its U.S. pilot wave energy project at the Port of Los Angeles.The operational testing marked the lowering of its floaters into the water for the very first time.The milestone follows the finalization of all installation works at the project site…
SPE Offshore Europe 2025 (OE25) will open its doors at the P&J Live from 2-5 September for what is set to be one of the most pivotal in the show’s 52-year history. With offshore energy at the centre of national and international debate, the…
Azule Energy, a joint venture between BP and Eni, has started producing oil through the Agogo floating production, storage and offloading (FPSO) unit, operating at the Agogo Integrated West Hub (Agogo IWH) project, offshore Angola, which involves the development of two fields…
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