U.S. crude oil production is forecast to rise more than previously thought in 2023, while global oil inventories are expected to fall after Saudi Arabia extended output cuts this month, the Energy Information Administration said on Tuesday.U…
Algeria, Egypt, and Libya will be Italy's main gas suppliers for the next few years, Eni's head of natural resources told Reuters, adding that the energy group would invest heavily in Africa both in exploration and in new low-carbon projects…
The result of a recent subsidy auction for renewable energy projects does not threaten Britain's climate goals, its climate minister said on Tuesday, responding to criticism over a lack of demand for offshore wind development.Offshore wind developers stayed away from Friday's auction…
Strategic partners Roll Group & Hebetec Engineering AG announced their shared patented solution for offshore wind farm load-outs during the SPE Offshore exhibition in Aberdeen last week.The solution was developed to provide efficient and cost…
Russia's Sakhalin Energy, which produces liquefied natural gas and oil, has fully resumed production following maintenance, Interfax news agency reported on Tuesday, quoting Gazprom's Deputy CEO Vitaly Markelov.The company has said it planned maintenance in July without providing a timeframe…
ROV-specialist Forum Energy Technologies (FET) has launched a new tooling rental offering for remotely operated vehicles (ROVs) in response to the changing demands of the subsea sector.'With increasing ROV asset investment across hydrocarbon and offshore renewable energy…
The U.S. has no large-scale commercial wind farms in operation today, but President Joe Biden's administration aims to have 30 gigawatt (GW) installed by 2030 to help decarbonize the power sector and revitalize domestic manufacturing.The federal…
Offshore wind farm developer RWE has signed agreements with grid operator TenneT for an offshore grid connection of OranjeWind, a wind farm to be built 53 kilometers off the Dutch coast. The Connection & Transmission Agreement (CTA) and Realisation…
Ithaca Energy has agreed to acquire the remaining 30% stake in Cambo from Shell, taking Ithaca Energy’s stake in Cambo to 100%.To remind, Ithaca Energy said in May it had agreed to market Shell's 30% stake in the Cambo oil prospect in the UK North Sea…
Guyana's economy will boom again this year as it grows by an expected 38% thanks to 'unparalleled' oil sector expansion, according to a forecast from the International Monetary Fund (IMF) released on Monday.The latest 2023 estimate follows real…
Floating offshore wind is an emerging technology with strong potential to become a major energy source. A fleet of specialized vessels will be required to help grow grid-connected floating wind capacity from 200 megawatts at the end of 2022 to a projected 61 gigawatts by 2035…
The Norwegian offshore vessel Siem Offshore said Monday it had secured a contract extension for the AHTS Siem Topaz with a local client in Taiwan. The contract will start in direct continuation of the current contract, for a firm period reaching into Q4 2024…
Norwegian offshore vessel owner DOF has completed the sale of the Skandi Neptune construction support vessel.DOF had agreed to sell the 2001-built vessel to an unnamed 'international buyer,' in September 2021. It, at the time, said the 104.2 meter-long vessel…
The Northern Lights carbon capture and storage JV in Norway is increasing CO2 shipping capacity with its third LCO2 carrier. Like the first two vessels, the gas equipment specialist Svanehøj will supply the cargo pump system. 'The three ships are the world's largest of their kind…
Japan's Mitsui O.S.K. Lines (MOL) will invest in a floating wind technology start-up, TouchWind.TouchWind is developing the tilting angled one-piece rotor wind turbine which is expected to reduce wind interference between wind turbines that…
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