Several maritime and alternative fuels projects are among initiatives that have been awarded the Strategic Technology Platform for Europe (STEP) label in a new initiative of the European Commission to boost investment in critical technologies in Europe and support the local industry.
Security is a topic that has expanded in the last couple of years, bringing new worries to Europe. With a number of incidents occurring in European seas that harmed subsea (energy) infrastructure, seabed security made its way onto one of the first places on the energy security chart. A panel at Offs
Serica Energy has set the wheels in motion to bring two additional licenses on the UK Continental Shelf (UKCS) under its fold by acquiring a compatriot player, Parkmead (E&P) Limited (PUK) from Parkmead Group.
Galp has started drilling another well in the Orange Basin, where oil discoveries were also made during its first campaign within license PEL 83 off the coast of Namibia.
Luxembourg-based Subsea7 has been awarded a “substantial” contract from Beacon Offshore Energy for a subsea tieback development in the U.S. Gulf of Mexico, with the deal valued between $150 million and $300 million. According to Subsea7, the scope of work encompasses engineering, procurement, constr
The National Gas Company of Trinidad and Tobago (NGC) has shipped its first two liquefied natural gas (LNG) cargoes from two trains forming part of the country’s Atlantic LNG export terminal following its commercial restructuring.
Italy-headquartered Next Geosolutions (NextGeo) has expanded its fleet with a 2010-built multi-purpose survey vessel (MPSV), which will after refitting be operational from the first quarter of 2025. NextGeo purchased the vessel Sea Admiral from the Norwegian company Beitveit Holding, renamed to NG E
Norwegian shipping and logistics company Wallenius Wilhelmsen has secured two multi-year shipping contracts, both including biofuel, with undisclosed “large auto OEMs”.
A years-long sage seems to be coming to an end, as Woodside Energy has secured environmental approval from the Western Australian government for its giant gas project off the coast of Australia. This decision has restarted the Federal environmental approvals process.
Wave energy developer Eco Wave Power has entered into a securities purchase agreement with a single institutional investor to deploy commercial-scale wave energy technology. The offering involves the sale of 300,000 American Depositary Shares (ADSs), each representing eight common shares, at $10 per
Vår Energi has discovered oil resources in an appraisal well near the Goliat field in the Barents Sea off the coast of Norway. As the firm believes the new find has unlocked further potential in the area, it plans to drill 20 more wells in the Barents Sea over the next four years.
Houston-based Vaalco Energy has disclosed a new contract with Borr Drilling for a jack-up rig that will carry out its 2025/2026 drilling program off the coast of Gabon, Africa.
ExxonMobil has unveiled its new corporate plan up to 2030, expecting to deliver a growth potential of $20 billion in earnings and $30 billion in cash flow.
Renewable energy developer Madoqua and its industry partners have formalized plans to operationalize a green fuels corridor connecting Portugal with Northern Europe.
