Norwegian energy company Equinor has submitted a bid to develop an offshore wind farm together with other companies in the latest round of Japan's state auctions, two sources said, as it seeks a foothold in the fledgling market.Equinor's bid…
The CEO of the Kremlin-controlled energy giant Gazprom said on Thursday that Europe was damaging its own industrial sector by artificially destroying demand for gas, as Russian gas exports to the region have shrivelled.Alexei Miller said there could be gas price shocks and supply disruption ahead…
Oil prices rose for a fourth consecutive session on Friday as investors braced for a potential Israeli strike on Iranian energy infrastructure, setting up crude benchmarks for their biggest weekly gains since OPEC+ began curtailing output two years ago…
Bill Thompson's fight to stop offshore wind farms was once confined to the tiny U.S. state of Rhode Island where he lives. Today, he is part of a global movement.In April, Thompson, who is director of the activist group Green Oceans, got an email from a fellow anti-offshore wind group more than 10…
Chevron CEO Michael Wirth on Tuesday criticized U.S. President Joe Biden's administration for what he described as 'attacks on the natural gas” industry and emphasized the crucial role of Permian natural gas in powering the rapid growth of artificial intelligence (AI)…
Petrobras' new multi-year strategic plan will have greater focus on upstream operations than the previous one, Chief Financial Officer Fernando Melgarejo said on Monday, as the Brazilian state-runfirm looks to rebuild oil and gas reserves.Melgarejo told Reuters that the 2025-2029 plan…
The U.S. Interior Department on Monday announced an offshore wind energy lease sale on Oct. 29 for eight areas on the Outer Continental Shelf off Massachusetts, New Hampshire and Maine.If fully developed, these areas have a potential capacity of about 13 gigawatts of clean offshore wind energy…
A ruling from a Colombian court that ordered the suspension of work at a major offshore natural gas well is a threat to the country's energy security, industry groups the Colombian Petroleum Association (ACP) and Naturgas said on Monday.In a court order dated Sept…
Turkey is interested in an offer from Tripoli to carry out energy exploration offshore Libya, Turkish Energy Minister Alparslan Bayraktar said on Wednesday.'Libya has offered to us to work with our seismic vessels offshore. Frankly, we are warm to this…
Massachusetts and Rhode Island are moving ahead with three offshore wind projects totaling 2.9 gigawatts (GW), or enough electricity to power about 1.6 million homes, government officials announced on Friday.The project selections, following…
OPEC+ has two problems and two solutions.The first problem is that crude oil prices are too low for the comfort of most of the members of the group, which pulls together the Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia…
President Joe Biden's administration on Thursday announced final approval of a wind project off the coast of Maryland, bringing the U.S. halfway to its goal of deploying 30 gigawatts of the clean energy technology by 2030.The project is the 10th approved by Biden's Interior Department…
Flotation Energy and Vaargroenn, a joint venture between Eni unit Plenitude and private equity firm HitecVision, said on Tuesday their floating offshore wind project Green Volt won a contract at Britain's latest renewable power auction.The 2…
The discovery of increased reserves of crude oil in Namibia has sparked interest in Namibian assets, with an index fund tracking local government bonds poised for its biggest annual jump on record.The Exchange Traded Fund tracking local government…
Norwegian energy company Equinor has canceled its offshore-wind projects in Spain and Portugal, in addition to its previously announced exit from Vietnam, and could withdraw from more countries to rein in spending, an executive told Reuters on Wednesday…
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