The European Commission has approved a $11.64 billion (€10.82 billion) French scheme to support the deployment of offshore wind energy, which will help foster the transition towards a net-zero economy.The state aid scheme will run for 20 years…
Brazilian oil and gas company Enauta has terminated the contract to acquire the floating production, storage, and offloading (FPSO) unit Cidade de Santos from MODEC, announced in relation with the acquisition of Uruguá and Tambaú fields from Petrobras…
Italian cable maker Prysmian has completed the acquisition of Encore Wire, strengthening its position in the growing North American market.Prysmian acquired all of the outstanding shares of Encore Wire’s common stock for $290.00 per share, in cash…
Scotland-based wells and subsurface specialist Elemental Energies has acquired Norway-based well management and consultancy company Well Expertise, forming one of the world's largest specialist wells, subsurface and project management companies…
Oil major TotalEnergies and utility EnBW won a 2.5 gigawatt (GW) German offshore wind site auction that fetched $3.2 billion, the country's energy regulator said on Friday, marking a plunge in price from last year.The auction of two plots in the North Sea…
Oil major Chevron and Equatorial Guinea’s state-owned oil company GEPetrol have signed two production sharing contracts (PSCs), for offshore blocks EG-06 and EG-11 in Equatorial Guinea, representing a $2 billion investment.Situated in close…
Over 12 oil companies, including Exxon, Shell and Brazil's national oil company, have expressed interest in buying a 40% stake in Galp Energia's major oil discovery offshore Namibia, sources close to the sale process said.Galp's Mopane discovery…
Africa Oil has agreed to buy out BTG Pactual Oil & Gas's 50% holding in their Prime Oil & Gas joint venture in a deal that will see it take on BTG as a major shareholder, it said on Monday.Prime has offshore producing assets in Nigeria and accounts for 100% of Africa Oil's reserves and production…
UK oil and gas company Perenco has brought online the Tchendo 2 mobile offshore production unit (MOPU), bringing energy independence to Likouala, Emeraude and PNGF fields offshore Congo.Tchendo 2 is a former drilling rig successfully converted into a MOPU by Dixstone…
Norway's sovereign wealth fund has bought a 37.5% stake in the 573 megawatts operational wind farm Race Bank offshore Britain for 330 million pounds ($418 million), it said on Monday.The Norwegian fund would also become responsible for a debt facility of 644 million pounds…
Edison has acquired a 50% stake in a special purpose company aimed at developing a 975 megawatt (MW) offshore floating wind project in Sicily, the utility said on Wednesday.Italy, which has no floating offshore wind farms in operation yet, aims…
Egypt plans to issue a buy tender seeking 15-20 cargoes of liquefied natural gas (LNG) to cover heavy summer demand that had led to a wave of rolling blackouts and forced temporary shutdowns of chemical and fertilizers plants, four industry sources told Reuters…
Carlyle will form a new Mediterranean-focused oil and gas company led by former BP CEO Tony Hayward after the private equity fund agreed to acquire Energean's assets in Egypt, Italy and Croatia for up to $945 million, the companies said on Thursday…
Brazilian oil and gas company Enauta has decided to stop production from the Petrojarl I floating production storage and offloading (FPSO) to perform modifications related to selected equipment maintenance after inspections at the process plant at the Atlanta field…
Singapore's Temasek Holdings is finalizing the sale of some assets from liquefied natural gas (LNG) trading firm Pavilion Energy to Shell with a deal set to be completed in the coming days, two sources with knowledge of the matter said.The deal will provide Shell…
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