Scottish transmission system operator (TSO) SSEN Transmission has signed a long-term framework agreement with Sumitomo Electric Industries and Van Oord Offshore Wind UK for the engineering, supply, transport and installation of high-voltage direct current (HVDC) subsea cable systems to support futur
Ocean energy can supply 13% of global electricity demand, as well as produce 21% of current EU consumption – more than fossil gas or hydroelectricity today, according to a new report from Ocean Energy Europe (OEE). Launched on June 29, Ocean Energy: The Largest Untapped Renewable Resource, described
Australian Energy Producers, representing Australia’s upstream oil and gas exploration and production industry, has welcomed the 2026 Integrated System Plan (ISP) from the Australian Energy Market Operator (AEMO), which highlights the need for new gas investments to enable grid reliability.
UK-headquartered energy giant Shell is expecting an uptick in demand for liquefied natural gas (LNG) to nearly 700 million tonnes a year by 2050, following supply disruptions caused by the conflict in the Middle East, which was cushioned by North American supply growth.
Sweden’s Hexatronic Group is investing in a new production line for fiber-optic cables at its largest production site, as part of a long-term supply agreement with Danish power cable manufacturer and installation firm NKT. The new production line at the Hudiksvall facility will more than double the
With more than 80 million tonnes per annum (mtpa) of liquefied natural gas (LNG) supply, representing around 20% of global supply, being inaccessible to global markets, the Strait of Hormuz closure has the potential to spark the biggest energy supply shock in decades, according to Wood Mackenzie, an
Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has secured 13 contracts year-to-date, enhancing its backlog by adding 2,250 days and $274 million in jack-up rig deals.
As Southeast Asia’s second wave of deepwater gas projects targets a 28 trillion cubic feet (tcf) supply, Wood Mackenzie, an energy intelligence group, has shed light on the way operators can navigate what it describes as ‘fragile economics’ to unlock this new deepwater gas supply across the region.
Given the supply shock that hit the global liquefied natural gas (LNG) markets as a result of the Middle East conflict, Wood Mackenzie, an energy intelligence group, has pointed out that this disruption, which led to a gas price surge, failed to rattle Europe thanks to its investment in diversified
As global exploration and production (E&P) players are facing a 40% output drop, Wood Mackenzie, an energy intelligence group, has pointed out that oil and gas companies are increasing high-impact exploration investment to address the 300-billion-barrel supply gap and energy security priorities by 2
Since the ignition of the conflict between the U.S. and Israel on one side and Iran on the other, the global markets have been on tenterhooks, as fears continue to grow over the impact the hostilities will have not just on the Middle East region but also the world at large, especially in terms of ec
While taking a deep dive into the floater rig market and top floating rig managers based on the current total backlog for 2026, Westwood Global Energy, an energy market research and consultancy firm, has spotlighted five offshore drilling players – Transocean, Noble, COSL, Seadrill, and Valaris – as
As the closure of the Strait of Hormuz, through which 15% of global oil and 20% of global liquefied natural gas (LNG) supply flows, evokes fears of a major energy shock, analysts at Wood Mackenzie, an energy intelligence group, have warned that oil prices could surge past $100 a barrel (bbl), if flo
National Gas, Centrica, Equinor and SSE Thermal have launched a coordinated bid to develop Great Britain’s first regional hydrogen transport and storage network in the Humber. Together as Humber Hydrogen, the partners are looking to develop a network that would connect projects across Yorkshire and
