Spanish power utility Iberdrola is seeking to sell 49% of its offshore wind farm East Anglia Two in Britain, which has an estimated total value of 5 billion euros ($5.8 billion), newspaper Cinco Dias reported on Thursday, citing unidentified sources familiar with the plans…
Equinor and its partners has started production from the large Bacalhau field in Brazil, whose recoverable reserves exceed 1 billion barrels of oil equivalent (boe).Bacalhau is located in the pre-salt region of Brazil's Santos Basin in ultra-deep water of over 2…
Rigs drilling beneath the deep waters of the Gulf of Mexico will drive U.S. oil industry growth this year and next as onshore production slows due to lower prices and maturing shale fields, and analysts and consultants expect the trend to continue…
Energy data and intelligence firm TGS has secured a streamer acquisition contract in Africa.Acquisition is scheduled to commence in the fourth quarter of 2025.The contract, with an undisclosed party, has a duration of approximately 50 days.'We…
Egypt has a plan for the drilling of 480 exploratory oil wells on the basis of investments totaling $5.7 billion over the next 5 years, the country's petroleum minister said on Tuesday, as the country seeks to reverse declining production.The…
French subsea power cable maker and services provider Nexans has appointed Julien Hueber as its new Chief Executive Officer (CEO).Hueber is succeeding Christopher Guérin who has been the CEO of the company for the past seven years, effective immediately…
Click HERE to sign up for the October 16, 2025 webinar Power & Performance at the Port: See How Propane Moves Maritime Operations ForwardTrade has been a rollercoaster recently. Between the unpredictability of tariffs and uncertain economic outlooks…
A tanker carrying liquefied natural gas from Russia's Arctic LNG 2 project has discharged it at a Chinese port, according to data from analytics firms Kpler and Vortexa, continuing supplies despite Western sanctions against the project.The La…
Oil and gas company Sintana Energy has agreed to acquire Challenger Energy, which holds interest in two blocks offshore Uruguay as well as other assets in broader region.The all-share transaction, valued at about $60 million, will create a combined…
Brazilian state-run oil firm Petrobras has racked up 180 million reais ($33.7 million) in costs to keep a drillship on standby in the Foz do Amazonas basin, a company source and a local union said, as it awaits a regulator's decision on a drilling request…
All 37 turbines at the 532 MW Hai Long 2 offshore wind farm, being built in Taiwan, have been installed.Hai Long offshore wind project, with a total 1 GW capacity, is being developed by Mitsui & Co., Northland Power, and Gentari, and consists of Hai Long 2 and Hai Long 3 wind farms…
Portugal’s Galp has reached a farm-in agreement with KE STP Company, a Shell affiliate, for the acquisition of a 27.5% stake in São Tomé and Príncipe’s Block 4, forming a joint venture with Shell, Petrobras and ANP-STP.With the agreement, Galp expands its presence offshore São Tomé and Príncipe…
American Bureau of Shipping (ABS) has issued an approval in principle (AIP) to Samsung Heavy Industries (SHI) for its SnapWind Float, a new design of a semi-submersible-type floating offshore wind turbine.The SnapWind Float is designed for next-generation 15 MW offshore wind turbines…
BP will seek a partner for its major Bumerangue oil discovery in Brazil and could close a deal before making a final investment decision on the project, the oil major's country head said on Thursday.The British company, which currently holds 100% of the block…
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