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A UK energy services giant returned to profit and created hundreds of jobs in the year before being acquired in a deal which valued it at more than $1bn (£737m). OEG Energy Group, which is headquartered in Aberdeen, has reported a pre-tax profit of $4.4m The results come after US investment group Apollo agreed to buy OEG Energy…
(World Oil) – The American Petroleum Institute today joined more than 100 other energy trade groups and organizations in urging the Department of the Interior to develop a new five-year offshore leasing program that fully leverages the U.S. Outer Continental Shelf as a secure source of affordable, reliable energy.
offshore wind business. For one of Europes biggest green energy giants to walk away from a market as large as the U.S., in the middle of an energy transition no less, is not just a business decision. Germany's RWE just pulled the plug on its U.S.
The UK is more than doubling the funding for a so-called Clean Industry Bonus to support offshore wind projects, just as the worlds biggest offshore wind project developer, Orsted, pulled the plug on a major UK plan due to worsened economics.
is already a world leader in wind energy, having rapidly expanded both its onshore and offshore wind capacity over the last decade. hopes to expand its wind power sector even further through the massive expansion of the Rampion offshore wind farm. Now, under the new Labour government, the U.K. In 2023, 46.4
(Oil & Gas 360) – HOUSTON , June 17, 2025 /PRNewswire/ — Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) today announced its enhanced corporate strategy designed to position the Company as a leading pure-play offshore exploration and production company.
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Dominion Energy has sold a 50% noncontrolling interest in its 2.6-GW GW Coastal Coastal Virginia Offshore Wind (CVOW) commercial project to infrastructure investment group Stonepeak.
Namibia, one of the latest exploration hotspots in the world, is weighing potential further incentives and financing options to offer to international majors preparing plans for oil production offshore the African country. However, without infrastructure in place, costs are higher for production development plans.
Namibia expects Frances TotalEnergies and Norways BW Energy to take final investment decisions on oil projects offshore the African country in late 2026, a senior Namibian official says. Both TotalEnergies and BW Energy are set to make
China’s central government has approved Shanghai’s plan to build 29 GW of offshore wind generation capacity, part of the city’s strategy to build more energy infrastructure and diversify the electricity […] The post Shanghai Group Calls for 29 GW of Offshore Wind to Support Grid appeared first on POWER Magazine.
New funding for projects in Scotland, Humberside, Teesside and Merseyside The investment in the UK offshoreenergy industry outlined in today’s Comprehensive Spending Review is progress towards a clearer picture of how the government will support homegrown energy.
XRG, the newly created energy investment firm of Abu Dhabis national oil company ADNOC, has taken a 38% stake in a production sharing contract for an offshore block of gas and condensate fields in Turkmenistan. As part of the transaction, XRG and Petronas signed a long-term gas sales agreement (GSA) with Turkmengas.
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Equinor on June 4 announced its has finalized an agreement with New York State Energy Research and Development Authority (NYSERDA) for the renewable power generated by the 810-MW Empire Wind […] The post Equinor Announces Offtake Deal for New York Offshore Wind Project appeared first on POWER Magazine.
(World Oil) – This first-of-its-kind deployment signals a step change in how safety and operational assurance can be managed in offshore wind, with WindSafe introducing real-time visibility, predictive analytics, and intelligent automation to enhance performance and reduce risk at scale.
supermajor Chevron has expressed interest in oil and gas exploration in two additional offshore blocks south of the Greek island of Crete, Greeces Ministry of Energy and Environment said on Wednesday.
Efforts to combat climate change drive the growth of renewable energy technologies as governments and utility companies increase investments in solar and wind installations to meet rising electricity demands. Onshore […] The post Coating Technologies Crucial for Offshore Wind Farms appeared first on POWER Magazine.
A new milestone has been reached in the development of Belgium’s offshoreenergy hub, Princess Elisabeth, with the first steel cut for the construction of the high…
GW Inch Cape offshore wind project in Scotland. GW Scottish Offshore Wind Project appeared first on POWER Magazine. Wind turbine manufacturer Vestas said the company will supply, install, and commission dozens of the company’s 15-MW turbines for the 1.1-GW The company […] The post Vestas Will Supply Turbines for 1.1-GW
New York officials said the state will invest in several new renewable energy projects, both offshore and onshore, that will add 6.4 GW of clean energy generation capacity to the […] The post New York Announces 6.4 GW of Renewable Energy Projects appeared first on POWER Magazine.
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The UK could produce about half of the energy it consumes locally, in the North Sea, the energy industry association, OffshoreEnergies, said this week, as quoted by the Financial Times. For that, however, the industry needs the right business conditions.
A consortium of UK-based supermajor BP, Azerbaijans state oil and gas firm SOCAR, and Israeli company NewMed Energy on Monday signed a licensing agreement to explore for natural gas offshore Israel, the Energy Ministry of Israel said.
Namibia is targeting first oil output in the next five years, as it seeks to become a producer before crude demand is overtaken by low-carbon and renewable sources of energy.
Leading trade body OffshoreEnergies UK (OEUK) has today responded to the opening of a consultation that seeks views on increasing Scotland’s offshore wind ambition by to up to 40 gigawatts (GW) by 2040. Scotland’s current offshore wind capacity ambition is between 8 – 11 GW by 2030.
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Norway announced on Monday a tender for three project areas for floating offshore wind in a highly-anticipated first competition for this type of renewable energy in the Nordic country.
EnBW Energie Baden-Württemberg (EnBW) and Bonn-based DHL Group have signed a power purchase agreement (PPA) for the electricity that will come from the 960MW He Dreiht offshore wind farm…
Britain’s next renewable energy auction must secure a record amount of new offshore wind capacity if the country is to meet its 2030 clean power targets, Darren Davidson…
Leading trade body OffshoreEnergies UK (OEUK) has welcomed today’s announcement of £1 billion in funding from a number of sources for the offshore wind supply chain – calling it a positive signal but urging government to use it as a springboard for much wider action.
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Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
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In a world where geopolitics and energy security are increasingly intertwined, China's national oil companies have emerged as pivotal actors in securing the nations energy future while shaping global energy dynamics.
German multinational energy company RWE is joining with France’s TotalEnergies to jointly develop two large-scale offshore wind projects off the German coast.
is pleased to announce that Ron Gusek, CEO of Liberty Energy and Amerino Gatti, Executive Vice President of Oilfield Services & Equipment for Baker Hughes have been confirmed as keynote speakers at EnerCom Denver – The Energy Investment Conference. (Oil Gatti served on the Board of Helix Energy Solutions Group, Inc.
African energy explorer Rhino Resources and its partner Azule Energy will drill the new Volans-1X exploration well offshore Namibia in late July or early August…
Natural Gas $3.98 +3.25% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Perenco Invests in New Offshore Infrastructure in Congo by Paul Anderson | Rigzone Staff | Tuesday, June 17, 2025 | 10:05 AM EST Perenco is building a new platform to recover approximately 7 million cubic feet of gas per day in the Kombi-Likalala-Libondo II permit area.
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