Tullow Oil will focus on its West African producing portfolio as part of its new strategy to generate $7B of operating cash flow in the next 10 years.
Uniper Energy DMCC (UED), a supplier of very low sulphur fuel oil (VLSFO), and Neutral Fuels, a pioneer of net zero biofuels in the UAE, have teamed up to provide maritime biofuel in Fujairah, UAE. The two companies plan to blend UED’s VLSFO and Neutral Fuels biofuel, creating a maritime fuel that m
WindEurope and SolarPower Europe, supported by Breakthrough Energy, have launched a new coalition that is said to give voice to businesses and thought leaders who will be decisive in positioning Europe as the world leader in renewable hydrogen, produced via electrolysis and 100 per cent powered by r
A North Sea reservoir has been confirmed suitable for CO2 storage, with Wintershall Dea, Ineos, and Maersk Drilling as members of the project.
The TUS-ORE Catapult Research Centre (TORC) has joined forces with the UK Energy Technology Platform (ETP) to support China’s growth in offshore renewables and showcase innovative UK energy transition technologies. A Memorandum of Understanding (MoU) will see the organizations jointly promote the de
Neptune Energy has appointed Mohamed Mounes Shahat to take on the role of Egypt Managing Director, based in Cairo, starting December 2020.
Norwegian contractor Reach Subsea has marked its highest quarterly result, despite challenging market and operating conditions, driven by high utilisation and successful project execution. The oslo-listed company has booked third-quarter 2020 profit of NOK 33 million, against profit of NOK 4 million
Ørsted has disclosed plans to develop South Korean offshore wind projects with a potential capacity of up to 1.6 GW off the coast of Incheon City. The projects will be located more than 70 kilometres from the main parts of Incheon City and have relatively shallow water depths at the target project s
Norway’s offshore safety agency has found irregularities related to risk and barrier management on the Equinor’s Norne FPSO located in the Norwegian Sea.
EnQuest expects its production for the year to be below its guidance range due to an incident and a resulting unplanned outage in Malaysia.
U.S. oil and gas company W&T Offshore was the apparent high bidder on two blocks in the Gulf of Mexico Lease Sale 256 held last week.
Deltic Energy has found three prospects within its Southern North Sea licence and is seeking partners to help in the maturation of opportunities.
Greek tanker heavyweight Tsakos Energy Navigation (TEN) has kept a steady course during the rollercoaster year of 2020, having delivered strong business results while pushing forward with fleet modernization plans. TEN’s net income for the three-month period that ended on September 30, 2020 reached
German oil and gas company Wintershall Dea has set a goal to achieve net-zero upstream activities by 2030 to tackle the world’s climate change challenge.
