Equinor UK and Shell UK are joining forces to create the UK North Sea’s largest independent oil and gas producer. Combining their offshore assets and expertise into a 50/50 joint venture, the new company will […]
Daily Standup Top Stories Politics Biden bans new offshore oil and gas drilling in most U.S. coastal waters January 6, 2025 Mariel Alumit We talked about this on our Daily Stand Up (https://energynewsbeat.co/biden-eyes-drilling-ban/) and no less […]
We talked about this on our Daily Stand Up (https://energynewsbeat.co/biden-eyes-drilling-ban/) and no less than 12 hour later it comes through – we already see prices going up…will be interesting to see how incoming President Trump […]
Biden blocks 625M acres from offshore drilling, citing climate risks, as oil groups protest and Trump pledges to boost U.S. energy production. President Biden has blocked new offshore drilling for oil and gas in several […]
Norway’s oil and gas investment is expected to reach a record high in 2025, driven by new exploration activity and increased demand for Norwegian gas. While Norway is a leader in renewable energy, it continues […]
Turkish Navy Offshore engineering and services player Subsea 7 has won a contract for the inspection, repair, and maintenance services for the Sakarya gas field development in the Black Sea from the Turkish Petroleum Offshore […]
2024 has been another strong year for the offshore drilling market with high rig, OSV and subsea utilization and day rates. Analysts wonder whether oil prices will remain high enough to support the offshore oil […]
Oil prices in 2024 were heavily influenced by Chinese demand and Middle East tensions, while US shale producers consolidated and remained cautious about production growth. Natural gas demand surged due to increased electricity consumption, driven […]
TotalEnergies French energy giant TotalEnergies has bought a majority stake in two wind farms offshore Denmark. The French company acquired an 85% share in the 240MW Jammerland Bay and a 72.2% share in the 165MW […]
Equinor South Korea’s Ministry of Trade, Industry, and Energy has awarded nearly 1.9GW of offshore wind capacity across five projects in the country’s latest offshore wind auction. More precisely, the ministry awarded 1,886MW of offshore […]
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