Renewables investor Octopus Energy Generation plans to invest $20 billion in offshore wind by 2030, aiming to boost energy security and reduce dependence on fossil fuels, it said on Monday. The firm, part of Octopus Energy Group, said the investment…
Singapore-based offshore wind vessel firm Cyan Renewables said Friday it had acquired its first vessel from DEME Offshore NL - the Service Operation Vessel (SOV) Groenewind, for an undisclosed fee.The Groenewind is a SWATH vessel used to service offshore wind farms…
Chevron Corp's second-quarter earnings topped Wall Street estimates, the company said on Sunday, and Chief Executive Michael Wirth also signaled the number two U.S. oil company remains open to more acquisitions and to increasing shareholder distributions this year…
Denmark-based offshore wind developer Ørsted has signed an agreement with funds managed by Schroders Greencoat, a global specialist asset manager focusing on renewable energy infrastructure assets, to divest its remaining 25% minority interest in the London Array Offshore Wind Farm in the UK…
Venezuelan expects to sign licenses by year-end for developing the nation's vast natural gas reserves, oil minister Pedro Tellechea said on Friday, even amid U.S. sanctions.Most of the South American country's gas reserves remain undeveloped after decades of insufficient investment…
Germany's chemicals giant BASF and China's wind turbine developer Mingyang have agreed to jointly construct and operate an offshore wind farm in South China. For this, the duo has created a joint venture company, Mingyang BASF New Energy (Zhanjiang) Co…
A joint venture half-owned by Denmark's Orsted has agreed to sell the transmission assets of the Hornsea 2 wind farm offshore Britain to Diamond Transmission Partners Hornsea Two (DTP), the Danish energy group said on Friday. Orsted, which owns…
Guyana's Vice President Bharrat Jagdeo on Thursday said the government will not take action against a local Exxon Mobil Corp contractor after Reuters reported its owners are under a U.S. criminal investigation.Last Friday, Reuters disclosed that U…
Oil and gas company Kistos said Friday that its appeal against the Netherlands Ministry of Economic Affairs' decision not to extend the term of the M10/M11 offshore license had been successful.'This ruling is effective immediately and the licence is extended by five years…
The United States announced the first offshore wind power development rights sale in the Gulf of Mexico on Thursday, which President Joe Biden will discuss during a trip to highlight the administration's efforts to boost renewable energy.In February…
1UK-based offshore well plug and abandonment company Well-Safe Solutions, best known for its services in the UK North Sea, is expanding into the Asia Pacific region with the appointment of Massimo Delia as General Manager of newly-created Well-Safe Solutions Pty Ltd…
Oslo-listed oil and gas company BW Energy has started production from the third well of the Hibiscus / Ruche Phase 1 development in the Dussafu license offshore Gabon.'Well performance is in line with expectations, with current production at approximately 6…
Swedish utility Vattenfal said on Thursday it would stop development of its British Norfolk Boreas offshore wind project due to rising costs, and warned that Britain could struggle to meet its wind targets without improved incentives. The 1…
The Ocean Energy Safety Institute (OESI) has awarded well integrity and well control specialist Add Energy USD 354,160 funding to develop a method to standardize blowout event consequence analysis to support consistent risk measurement of unwanted well control events…
Halliburton Co and Baker Hughes beat analysts' estimates for second-quarter profit on Wednesday on the back of strong demand for oilfield services internationally, even as domestic activity stumbled. While oilfield drilling has seen a resurgence abroad…
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