Two of Australia’s richest people, Atlassian Corp. co-founder Mike Cannon-Brookes and Fortescue Metals Group Chairman Andrew Forrest, are investing in an ambitious project to export solar power from a giant plant in Australia to Singapore via a 4,500 kilometer (2,800 miles) transmission cable.
Exxon Mobil Corp. had the outlook on its top-notch debt rating lowered by Moody’s Investors Service Inc. to negative due to a “substantial” cash burn to fund growth.
Russia offered yet another explanation for why its oil production may exceed its OPEC+ target for November, months after promising to improve the country’s lax implementation of output cuts.
Ofgem has ripped up 26 gas and electricity licences linked to just five men, as the regulator faces calls to clamp down on pre-packaged energy suppliers after a string of failures in the sector.
The head of a Maltese company working on an LNG-to-power scheme has been arrested on a yacht as he was leaving the country.
Remotely-operated vehicle specialist Rovco has completed a £1million contract at the Galloper Wind Farm in the Southern North Sea.
Avenir has set out a planned entry into a second country, Brazil, under a small-scale LNG delivery scheme with Golar Power.
A North Sea platform that had to be evacuated following a subsea inspection will undergo repair work early next year.
Petrofac has announced new contracts and extensions in the North Sea and Malaysia worth £93m, as well as an acquisition marking its entry to the US onshore services market.
The UK North Sea will welcome more cash from overseas to bridge the gap left by traditional investors who are turning their backs on oil and gas, a new report said.