Coro Energy has taken the last step toward closing its fossil fuels chapter by inking a deal to divest its interest in a natural gas field in the West Natuna Sea off the coast of Indonesia to devote its time and resources to greener ventures by focusing on its renewable energy portfolio.
UK energy market regulator Ofgem is considering whether to grant a penalty exemption for the joint venture (JV) developing the Eastern Green Link 1 (EGL1) subsea electricity superhighway due to a 16-month delay said to be caused by supply chain constraints. The 2 GW EGL1 HVDC multi-directional cable
ConocoPhillips is laying the groundwork to kick off seabed surveys this month ahead of exploration drilling activities for which a semi-submersible rig owned by Transocean has arrived in the Otway Basin to find commercially viable natural gas reserves to keep fears of shortfalls at bay.
With the green light for a multibillion-dollar floating liquefied natural gas (FLNG) project, Mozambique’s government is intent on augmenting gas production and strengthening the African country’s LNG position, given the role natural gas is expected to play in the global energy transition story.
Hanwha Drilling, part of South Korea’s Hanwha Ocean, has held a naming ceremony for a seventh-generation drillship, which will work off the coast of Brazil for Petrobras, the South American country’s energy giant.
Luxcara has signed an inter-array cable contract with Twentsche Kabelfabriek BV (TKF) for the Waterkant offshore wind farm in the German North Sea. Under this contract, TKF will be responsible for the 66 kV inter-array aluminum core cables and accessories, totaling 130 kilometers. The supply scope i
Element NL, an association of 12 oil and gas companies with a permit to explore or extract natural gas, is rolling up its sleeves, together with the Dutch Ministry of Climate and Green Growth and EBN, to enhance the permitting process to boost gas production in the North Sea against the backdrop of
Norwegian vessel owner DOF Group is staying with its multi-purpose vessel Skandi Hercules in the Asia-Pacific (APAC) region to perform subsea mooring installation services. The new substantial contract, worth between $25 million and $50 million, will see Skandi Hercules provide related moorings and
Shell has flipped the production switch on at its subsea tie-back oil project in the Gulf of America (GoA), formerly the U.S. Gulf of Mexico (GoM).
Valaris’ rig has come to the North Sea to help a gas field and its infrastructure to get a new lease on life off the coast of the Netherlands as the first CO2 transport and storage project in the European Union (EU).
A joint venture of Perenco UK, Carbon Catalyst and Harbour Energy has concluded the UK’s first-ever CO2 injection test, carried out at a carbon capture and storage (CCS) license in the North Sea that encompasses what is deemed the UK’s largest depleted gas field. The test started in February and inc
U.S. ammonia producer CF Industries has joined forces with Japanese giants JERA and Mitsui & Co. on a $4 billion low-carbon ammonia project in Louisiana, U.S.
SBM Offshore has made its first foray into sale and leaseback financing with a multimillion-dollar refinancing of a floating production, storage, and offloading (FPSO) vessel operating off the coast of Brazil.
Global oil and gas operators are prioritizing low-risk, low-cost near field or infrastructure-led exploration (ILX) prospects as budgets tighten, rather than the more expensive high-risk hydrocarbon exploration plays.
