BP has started production at the Platina field, located in the Angolan offshore, approximately 140 kilometres northeast of Luanda.
Seadrill has been awarded two contracts worth $549 million by Petrobras for the work on the Búzios field offshore Brazil.
OGA’s chairman insists on continuing North Sea exploration and describes it as vital to meet the UK’s energy needs, despite outcries to phase out fossil fuels.
Offshore oil and gas exploration projects are expected to double the growth of well intervention market, as operators seek to increase production from existing fields.
The Technical University of Denmark (DTU) and Aarhus University (AU) have teamed up on a research project that aims to optimise the efficiency of Crestwing’s wave energy converter.
President Biden ordered the release of oil from the nation’s Strategic Petroleum Reserve in an effort to address rising gas prices.
Amsterdam-based sustainable investment management company Prow Capital has launched a €420 million (about $474 million) green shipping fund.
Swedish power-to-fuel developer Liquid Wind has received €15 million ($16.9 million) for its FlagshipONE eMethanol fuel-producing facility from Swedish Climate Leap.
The European Investment Bank (EIB) has granted a €200 million loan facility to Nexans to support its role in the world’s energy transition and commitment to contribute to carbon neutrality by 2030.
Equinor and its partners have submitted a PDO for the Oseberg field and revealed plans for investing over $1.1. million in this development.
Trinity has disclosed its farm-down plans, following the MEEI’s approval of its FDP for the Galeota project, off the East Coast of Trinidad.
Danish company Floating Power Plant (FPP) has signed an agreement with the Oceanic Platform of the Canary Islands (PLOCAN) to test its 5MW hybrid floating wind and wave energy platform off the coast of Gran Canaria.
Lekoil has added three Nigerian nationals with extensive experience in the energy industry to its board of directors.
The PSA has found one irregularity during an audit of Equinor’s management system for materials handling, lifting operations and lifting equipment.
