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AI demand drives largest U.S. electricity auction price to record high

Oil & Gas 360º

billion to power generators in the period between June 2026 and May 2027—the 12 months covered by the latest capacity auction. It’s unpleasant for ratepayers,” Timothy Fox, managing director at ClearView Energy Partners, told the Financial Times. In total, PJM Interconnection will be paying $16.1

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Subsea7 wins contract for Equinor’s Fram Sør project, offshore Norway

Oil & Gas 360º

Engineering and project management will begin immediately in Subsea7’s offices in Norway and UK. Offshore installation activities are expected in 2026, 2027 and 2028. It follows the award on 9 January 2025 of a contract for front-end engineering (FEED) and design that finalized the technical definition of the development.

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Enbridge Announces 600-Megawatt Solar Project to Support Meta Platforms, Inc. Data Center Operations

Oil & Gas 360º

Construction is underway, and the facility is expected to enter in service during the summer of 2027. Enbridge’s estimated project cost is US$0.9b and the project is expected to be accretive to cash flow and earnings per share starting in 2027. Meta Platforms, Inc., This information may not be appropriate for other purposes.

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From Landfill to Leadership: EQT Acquires Majority Stake in Waga Energy for $611M

Rextag

The firm believes that RNG is set to play an essential role in the decarbonization of hard-to-abate sectors and that Waga’s technology, global presence, and experienced management team position it as a future market leader. Bcf/d beginning in 2027. Recent Update: EQT Signs 10-Year Gas Supply Deals with Duke and Southern EQT Corp.

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ADNOC Gas Awards $5B Contracts for RGD Project

Rigzone

“The project will be delivered by more than 500 Wood engineering, project management and commissioning specialists based in Abu Dhabi with support from the company’s global engineering hubs”, Wood added. Completion is expected 2027. Jersey-based Petrofac Ltd. bagged a $1.2 Jersey-based Petrofac Ltd. bagged a $1.2

Gas
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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

Total industry GVA encompasses the following sectors: mining and quarrying, manufacturing, electricity, gas, steam, and air conditioning supply, as well as water supply, sewerage, waste management, and remediation activities. percent reduction factor for 2024 to 2027 and 4.4 2 two digit level)—1000,” Eurostat, accessed June 2024.

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Subsea7 Wins Contracts Offshore Norway, Egypt

Rigzone

Engineering and project management will begin immediately in Subsea7 offices in Norway and the United Kingdom, with offshore installation activities expected in 2026 through 2028. Project management and engineering started at Subsea7’s offices in Stavanger, Norway and Aberdeen, Scotland, the company said.