Danish energy firm Orsted's shock decision to cancel two offshore wind farms off New Jersey this week was based in large part on big delays securing the ship it needed to build the project, company officials said.The world's biggest offshore wind…
United Oil & Gas has terminated the proposed sale of a UK North Sea offshore block containing the Maria discovery after the buyer, Quattro Energy, was unable to raise the funds to complete the transaction.United Oil & Gas also said that, given…
Repsol Sinopec Resources UK Limited, an oil and gas exploration and production company operating in the North Sea, said this week that the company would be renamed Repsol Resources UK.'On 28th April 2023 it was announced that a settlement and…
Credit rating agency S&P said on Thursday it had placed Danish renewable energy firm Orsted on review for a possible debt downgrade due to the company's massive losses on projects in the United States.The world's largest offshore wind developer on Wednesday said it had halted plans for two U…
New Fortress Energy on Thursday disclosed it is weighing a liquefied natural gas (LNG) export facility in Mexico that would be an onshore complement to its offshore project.The disclosure by the LNG developer came in response to an Oct. 30 letter from the U…
Nearly two years after U.S. energy company Chevron condemned violence and human rights abuses in Myanmar and announced it would leave, the company said it still holds assets there, including a portion of an offshore gas field in a venture with the state energy company…
BIO-UV Group said Thursday it had received a major order to supply its BIO-SEA ballast water treatment system to a pair of drillships scheduled to enter an undisclosed operator’s offshore drilling rig fleet.According to BIO-UV, a modular version from the BIO-SEA B-Series…
UK North Sea-focused oil company Ithaca Energy has completed the acquisition of the remaining 40% stake in the Fotla offshore discovery and three exploration licenses - P.213 Area C, P.345 Area A and P.2536 - from Spirit Energy. The acquisition…
Marine Technology Reporter (MTR) has been unveiled as the exclusive video media partner of the Oceanology International exhibition and conference and will be delivering extended broadcast coverage from the 2024 event (Oi24).The collaboration…
Shell on Thursday reported third-quarter earnings of $6.2 billion, in line with expectations, on higher refining margins and strong liquefied natural gas (LNG) trading.The company announced share buybacks of $3.5 billion over the next three months…
Solstad Offshore's subsidiary, Solstad Rederi, has sold the Anchor Handling Tug Supply (AHTS) vessel Nor Spring.The 2008-built, 70-meter-long AHTS vessel has been in layup in Asia since 2020. 'Delivery of the vessel to the new owner took place today…
The U.S. Department of Interior on Tuesday approved the construction and operations plan for the 2.6 GW Coastal Virginia Offshore Wind project, located approximately 23.5 nautical miles off Virginia Beach, VA.This is the fifth approval of a…
U.S. Senate Majority Leader Charles Schumer on Wednesday urged the U.S. Federal Trade Commission to consider possible anti-competitive harms stemming from recent multi-billion dollar acquisitions by oil and gas giants Exxon Mobil and Chevron Corp…
The head of BP's gas & low carbon business said on Wednesday the U.S. offshore wind industry is 'fundamentally broken' but issues can be resolved, after BP and partner Equinor wrote down $840 million on their U.S. projects.Orsted, the world's largest offshore wind developer…
Portugal has kicked off the preparatory process for its first auction of licenses to build wind farms off the Atlantic coast by inviting companies to present non-binding declarations of interest by Nov. 14.The environment ministry said in a…
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