Italy's Eni ENI.MI and its Norwegian unit Vaar have agreed to buy private-equity backed Neptune Energy in a deal valuing the assets of the gas and oil producer at $4.9 billion including debt, the two groups said on Friday.The acquisition, which is expected to be completed at the start of next year…
In the first volume of the World Energy Transitions Outlook (WETO) 2023, the International Renewable Energy Agency (IRENA) calls for raised global ambition in renewables deployment.The WETO 2023: 1.5°C Pathway positions electrification and efficiency as key transition drivers…
Offshore oil and gas exploration spending will increase more than 20% globally this year and the growth will continue into the next, oilfield services firm SLB said on Wednesday.'Offshore is experiencing a renaissance, with significant breadth and anticipated durability…
Top U.S. Gulf of Mexico oil producer Shell said on Wednesday that its Olympus offshore platform in the Gulf of Mexico was in the process of ramping up production after maintenance.The Olympus platform was offline for planned overhauls, starting June 7…
Analysts at major global banks have been upgrading their share price expectations for Brazil's state-run oil firm Petrobras PETR4.SA as they evaluate that the new leftist government's policies are not as unfriendly to investors as some had feared…
Qatar on Tuesday secured its second large gas supply deal with a Chinese state-controlled company in less than a year, putting Asia clearly ahead in the race to secure gas supplies from Doha's massive production expansion project.China National…
The first electricity has been produced from the large Hollandse Kust Noord offshore wind farm, companies running the project said on Monday.In a statement, the CrossWind consortium led by Shell and Mitsubishi subsidiary Eneco said it had delivered…
China added to crude oil stockpiles at the fastest rate in nearly three years in May, as robust imports outweighed near-record refinery processing.A total of 1.77 million barrels per day (bpd) was added to inventories in May, the most since July 2020 and reversing the small…
Differentials for some grades of Nigerian crude rose on Friday, while Chinese refiners stepped up purchases of crude from other West African exporters.At least around 35 cargoes of Nigerian crude for loading in June and July have yet to find a buyer…
Singapore's offshore services firm Kim Heng has via its subsidiary, Kim Heng Offshore & Marine Pte entered into a non-binding memorandum of understanding with South Korea's KOMS CO. LTD. (“KOM”).Under the MoU the two companies plan to cooperate…
Russia intends to press the United Nations Security Council again for an international investigation into explosions on the Nord Stream gas pipelines last September, Foreign Ministry spokeswoman Maria Zakharova said on Thursday.Unexplained explosions…
The Norwegian offshore safety body, the Petroleum Safety Authority, has given Equinor consent to dispose of the facilities on the Heimdal field in the Norwegian part of the North Sea.'Equinor has applied to the PSA for consent for the disposal of the facilities on the Heimdal field…
BladeBUG, a UK-based robotics company which designs and develops spider-like repair robots for the wind industry, has has announced collaboration with non-destructive testing (NDT) specialist, FORCE Technology. The joint project will see FORCE…
Danish renewable energy firm Copenhagen Energy has received support from the Western Australia Government as it progresses plans for its Leeuwin Offshore Wind Farm project.The project has been awarded Lead Agency status by the Department of Jobs…
Codling Wind Park Ltd. (Ireland) said Thursday it had received confirmation that it was a successful bidder in the first offshore wind CfD auction in Ireland (ORESS 1).The company is a 50/50 joint venture between Fred. Olsen Seawind, wholly owned by Bonheur ASA…
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