US offshore wind takes a Bight of the Big Apple
After a decade of languishing in the doldrums, the US offshore wind industry is picking up steam as it races to meet new installation targets set by the Biden administration.
After a decade of languishing in the doldrums, the US offshore wind industry is picking up steam as it races to meet new installation targets set by the Biden administration.
Malaysia’s Petronas and Thailand’s PTT Exploration & Production (PTTEP) have announced they will exit the Yetagun gas project offshore Myanmar as they rationalise their upstream portfolios. Neither company denounced the military-led coup in their exit statements.
A new wave of oil platforms is sweeping into the US Gulf of Mexico as crude prices are riding historic levels and demand for barrels is higher than ever.
French oil major TotalEnergies plans to use part of its cash bonanza generated from surging hydrocarbon prices to speed up investment in liquefied natural gas (LNG) projects and renewables.
TotalEnergies will put up for sale its minority stake in a Nigerian oil joint venture, joining the exodus of supermajors from onshore fields in Africa’s largest crude producer.
There are concerns that the rest of the world could again reap the lion’s share of the benefits from Scotland’s renewables boom.
TotalEnergies took a $4.1 billion write-down on its flagship Russian gas project and indicated that it may belatedly join its peers in pulling back from the country two months after the invasion of Ukraine.
Thailand’s PTT Exploration & Production (PTTEP) is now the official operator of the G1/61 project, which covers the Erawan, Platong, Satun and Funan fields, as well as the G2/61 project, covering the Bongkot field. PTTEP (BKK:PTTEP) said it is ready to boost natural gas production to increase energy security despite being denied prior access to Erawan due to an unresolved dispute with the former operator.
Namibia aims to reach production from its Venus and Graff discoveries by 2028, Immanuel Mulunga, managing director of Namcor has said.
Namibia has leapt to the forefront of exploration thinking with the Venus and Graff discoveries earlier this year, but there are opportunities beyond TotalEnergies and Shell.
KBR has won a seven-year contract to provide general maintenance services (GMS) to the Satorp complex in Saudi Arabia.
It is currently unclear whether the construction of Scotland's largest offshore wind farm will be hampered while the Saipem 7000 is assessed.
TotalEnergies is toasting the successful completion of its installation campaign of Tyra II in the Danish North Sea.
France's TotalEnergies and Japanese energy group ENEOS Holdings said that they will team up to sell electricity generated from solar power to Asian businesses.
Crown Estate Scotland has confirmed that all 17 successful ScotWind applicants now have option agreements in place.
Aberdeen-headquartered energy services group EnerMech has landed two contracts in Azerbaijan supporting major projects in the Caspian.
Maersk Drilling has landed a 19-monthplugging and abandonment (P&A) contract with TotalEnergies and Petrogas through a rig-sharing agreement.
High energy prices have revived interest in Africa’s oil and gas, but financing remains painfully hard to secure, amid ESG uncertainty.
Neptune Energy has confirmed plans to commit $100 million (£76m) to the Isabella appraisal well later this year, as the UK’s new Energy Security Strategy sets the course for continued North Sea production.
Drilling rig operator Valaris has secured a series of new contracts and contract extensions worth some $181 million in backlog.
The Africa Energies Summit will be held in London from May 17 to 19, with the show expanding beyond oil and gas and into power.
Instituto Nacional de Petroleo (INP) has approved 12 of the 13 companies for pre-qualification in its sixth licence round.
Munich Re will not insure the East African Crude Oil Pipeline (EACOP), throwing up another challenge for the TotalEnergies-driven project in Uganda and Tanzania.
Eni, Equinor and TotalEnergies have submitted bids for two blocks in the Lower Congo Basin, ignoring more frontier areas in the Kwanza Basin.
A North Sea energy services consortium has announced the relocation of its Aberdeenshire headquarters.