Danish renewable energy group Ørsted has achieved a 98% reduction in carbon emissions, completing what it called the world’s first full green transformation of an energy company as world leaders gather for COP30 climate talks in Brazil.The milestone…
Offshore drilling contractor Northern Ocean and oil and gas firm Rhino Resources have signed a contract extension for Deepsea Mira semi-submersible drilling rig for work offshore Namibia.The contract for Deepsea Mira with Rhino Resources, signed in July 2025…
Italian offshore services provider Next Geosolutions (NextGeo) has secured a new contract worth around $9.8 million by Saipem for offshore survey and installation support activities under the Bouri Gas Utilization Project (BGUP) in North Africa…
Nigeria will begin a fresh round of oil licensee auction from next month, the oil regulator said on Tuesday in London, as part of plans to revive idle assets and grow production.'We are announcing that we are ready, following the approval of…
Shell has challenged its defeat in an arbitration case against U.S. liquefied natural gas producer Venture Global in the New York Supreme Court, a legal filing seen by Reuters shows, weeks after rival BP won a similar $1 billion-plus arbitration…
Britain plans to ban companies from providing services such as shipping and insurance for Russian liquefied natural gas exports, in its latest attempt to help Ukraine in its war against Russia by trying to choke off Kremlin revenue.In October…
Austria’s Palfinger Marine has signed a contract to supply the world’s first fully electric offshore jib cranes for the Bałtyk 2 and Bałtyk 3 wind farms off Poland, marking an industry milestone in the electrification of offshore wind operations…
Odfjell Oceanwind has been granted Basic Design Approval (BDA) from DNV for the Deepsea Star floating offshore wind design.The BDA covers the use of Siemens Gamesa’s SG DD-236 15 MW wind turbine generator in a wide range of conditions, including…
Occidental Petroleum beat Wall Street expectations for third-quarter profit on Monday, as higher production helped the U.S. shale producer counter weaker oil prices.U.S. oil and gas output rose to a record in August even as benchmark Brent crude…
NEO NEXT Energy, a joint venture between Repsol and NEO, has exercised its pre-emption rights over BP’s P111 and P2544 licenses, blocking Serica Energy’s proposed $232 million deal for the North Sea assets.Serica Energy said NEO NEXT, a license partner…
Equinor and its partners have drilled a dry well in the Snorre area in the North Sea, offshore Norway.The wildcat well 34/6-9 S, or Avbitertang, was drilled in production license 554, 35 kilometers northeast of the Snorre field and 125 kilometers west of Florø…
Ming Yang Smart Energy has signed a Memorandum of Understanding (MoU) with Buhawind Energy Northern Luzon Corp. (BENLC) for a joint feasibility study on BENLC’s planned 2 GW offshore wind project in Ilocos Norte, Northern Luzon.Under the MoU…
Organized workers from Brazilian state-run oil firm Petrobras rejected a work agreement offered by the company and its subsidiaries, which prompted the approval of a 'state of strike,' the workers' union said in a statement on Monday.According to the union…
Shell has exited the MarramWind and CampionWind projects off the coast of Scotland following a strategic review, the company said on Monday, a move that aligns with its current pivot away from renewables.Shell sold its 50% interest in MarramWind…
U.S. energy developer Glenfarne Alaska LNG and Baker Hughes have signed definitive agreements to advance the Alaska LNG project, which aims to export natural gas from Alaska’s North Slope to global markets.Under the agreement, Baker Hughes will…
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