(Reuters) – With passage of the Inflation Reduction Act, which contains $370 billion for climate and energy programs, policy experts are forecasting a big expansion in clean electricity generation. One source that’s poised for growth […]
Iran and Russia face significant challenges in their attempt to jointly develop offshore Iranian gas fields as sanctions against the two countries are likely to pose supply problems, according to Rystad Energy’s research. Rystad Energy […]
India plans to add 500 GW of non-fossil fuels-based energy capacity by 2030 on the road to achieve Net Zero by 2070. Offshore wind energy, shows great promise in this quest, but also comes with […]
ENB Publishers Note: Let’s use all forms of energy to deliver low-cost sustainable power to all citizens of the world with the least impact on the environment. That entails facts, discussions, and not using any […]
It looks like the offshore oil and gas drilling market is in the early innings of an upcycle in investment and activity. Both Schlumberger and Transocean believe that the upcoming cycle will outpace the 2016-2019 […]
American independent energy company Hess Corporation has seen some promising results from the drilling operations concluded in the second quarter of 2022 at the Huron well. The well is located at Green Canyon Block 69 […]
Drilling and completion activity in South America is expected to peak this year after a significant slowdown in 2020 due to the global demand destruction brought on by the Covid-19 pandemic, Rystad Energy claimed. According […]
New York State has opened its third offshore wind solicitation, seeking to procure at least 2,000 MW of offshore wind energy. The procurement, administered by the New York State Energy Research and Development Authority (NYSERDA), will […]
Shell is planning to divest its stakes in two oil and gas development projects located in the US Gulf of Mexico for as much as $1.5bn, Reuters reported, citing people familiar with the development. The firm is […]
ConocoPhillips is considering a potential sale of its minority stake in a Shell-operated oil and gas platform in the U.S. Gulf of Mexico, which would mark the exit of ConocoPhillips from U.S. offshore operations, sources […]
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