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Authorities & Government

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Illustration; Source: BOEM
Authorities & Government

As US steps closer to next Gulf of Mexico oil & gas round, NOIA boss urges rethink on lease sale limit

The U.S. Bureau of Ocean Energy Management (BOEM) has taken steps to set the stage for the next oil and gas leasing round to be held for offshore acreage in the Gulf of Mexico (GOM) by revealing a draft programmatic environmental impact statement (EIS) for which it is seeking public comments.

about 1 year ago
Illustration/C-Power’s wave energy-powered devices (Courtesy of C-Power)
Authorities & Government

Marine energy and offshore wind projects get $18M boost from US

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The U.S. Department of Energy (DOE) has allocated over $18 million for 27 research and development (R&D) projects to advance marine energy and offshore wind technologies. According to the U.S. DOE, these initiatives, which will be undertaken across 17 universities, including five minority-serving in

about 1 year ago
Osaka Gas
Authorities & Government

GIZ and RP Global to work on hydrogen and ammonia projects in Argentina

As part of BMWK’s H2Uppp, GIZ and RP Global will work on green hydrogen and green ammonia projects in Argentina that could be used for domestic demand and be exported to Europe and Germany.

about 1 year ago
Transocean Encourage rig; Source: Transocean
Authorities & Government

No hydrocarbons for Equinor in Norwegian Sea wildcat

Equinor has found no hydrocarbons in an exploration well, which was drilled using one of Transocean’s rigs in the Norwegian Sea off the coast of Norway.

about 1 year ago
An aerial view of the Excelsior ship docked at Freeport LNG terminal; Courtesy of Freeport LNG
Authorities & Government

$1.3 billion lawsuits for damages arising from explosion at US LNG facility thrown out of court

Texas-based litigation firm Hicks Thomas LLP, whose attorneys argued that insurance carriers could not recover on subrogation claims, has confirmed its win in two legal battles related to lawsuits totaling $1.3 billion against builders of a liquefied natural gas (LNG) export facility in Texas, Unite

about 1 year ago
Noble Invincible; Source: Noble Corporation
Authorities & Government

New North Sea oil discovery springs up as Othello opens new play in ‘dry belt’

DNO has made a new oil discovery in the southern North Sea on the Norwegian Continental Shelf (NCS), which is described as a play opener in an area previously dubbed ‘the dry belt,’ where little exploration interest was noted in recent years.

about 1 year ago
Courtesy of Hellenic Cables
Authorities & Government

Hellenic Cables cheers certification of dynamic power cable for offshore wind and oil & gas platform electrification

Hellenic Cables, part of Cenergy Holdings, has tucked a new milestone under its belt with the certification of its dynamic power cable, rated at 66 kV, which is said to be designed for demanding floating offshore wind applications.

about 1 year ago
FPSO Petrojarl Kong and FSO Yamoussoukro; Source: Eni
Authorities & Government

Eni expands offshore oil & gas acreage in Côte d’Ivoire ahead of its giant project’s next chapter

Eni has enriched its offshore oil and gas portfolio in Côte d’Ivoire with four new exploration blocks while closing in on the finish line to bring the second stage of its oil and gas development online.

about 1 year ago
Illustration; Source: ExxonMobil
Authorities & Government

Net zero quest: Weaning off oil & gas or undermining the world’s energy security backbone?

After decarbonization pledges entered the scene, climate change challenges have fanned the transformation flames, taking the energy industry’s transition to other power sources to a whole new level.

about 1 year ago
Illustration; Source: Navingo
Authorities & Government

Carbon offsetting and green gas: Chasing fairy tale of climate-neutral future or key tools in net zero’s arsenal?

As time goes by, the zest for a carbon-free world has sparked a seismic shift toward the sphere of environmental sustainability. However, many thorns remain on the path to such a low-emission world, including differing perceptions about the tools to achieve this goal. This is hammered home by the pu

15 minutes read
T&E
Authorities & Government

T&E: Carbon footprint of European gas imports underestimated by almost 30%

Despite the efforts to promote liquefied natural gas (LNG) as the go-to clean alternative, new evidence on upstream emission suggests that Europe’s gas mix is much dirtier than the European Union’s (EU) officials had initially thought, Transport and Environment (T&E) shared. According to a study tit

about 1 year ago
Leaders at COP29 Azerbaijan; Source: COP29 Azerbaijan
Authorities & Government

COP29 delivers hat trick with $1.3 trillion on the cards but lack of stronger mitigation and finance action seen as ‘betrayal’

COP29 has managed to reach a consensus on tripling climate finance while setting a new worldwide target to direct $1.3 trillion of climate finance to developing countries by 2030.

16 minutes read
COP29 Azerbaijan; Source: COP29 Presidency
Authorities & Government

Carbon markets are a go but trillions at stake: Will ‘climate finance COP’ deliver the goods at the eleventh hour?

Given the trillion-dollar gap between the Global South’s demands and the Global North’s proposal for a new climate finance target, the 29th Conference of the Parties (COP29) has run into overtime in one last attempt at bridging the divide and finding common ground all parties can get behind. The cal

21 minutes read
NAGA 7; Source: Velesto
Authorities & Government

Sunken rig’s wreck removal done as recycling ops near the finish line with Boskalis’ help

Velesto has confirmed the wrap-up of wreck clearance with recycling activities expected to follow suit shortly for one of its jack-up rigs that tilted due to an incident and subsequently sank in 2021.

about 1 year ago