AL-MUKALLA: The US military said Yemen’s Houthi militia has fired a new wave of drones and missiles into international shipping lanes off Yemen, including two missiles aimed at a US warship in the Red Sea. […]
Aslow-motion collapse in the offshore wind industry continues to grow as sticky inflation and supply chain challenges force developers to delay or cancel major projects. In particular, progress towards the Biden administration’s goal of building […]
The National Grid Electricity System Operator (ESO) has announced measures to address inaccuracies in Physical Notifications (PNs) submitted by wind generators. This initiative aims to reduce balancing costs and improve the security of the electricity […]
The new BOEM rule requires stricter financial assurance standards, impacting 76% of smaller oil and gas operators in the Gulf. Small companies may face significant costs for surety bonds, potentially leading to a $379-800 million […]
Subsea 7 has landed what it describes as a “super-major” contract worth over $1.25bn with Brazil’s Petrobras. The deal will see the Oslo-listed offshore services player work on the Búzios 9 field development, located some […]
(Bloomberg) – Shell Plc is preparing to cut staff from its offshore wind business as Chief Executive Officer Wael Sawan moves the company away from the capital-intensive renewable energy sector. The British oil major is […]
Iberdrola, through its subsidiary Ailes Marines, has announced the completion of the Saint-Brieuc offshore wind farm, making it the second operational offshore wind farm in France and the first in Brittany. With all 62 wind […]
New Jersey Governor Phil Murphy has announced that a settlement was reached between state agencies and Danish offshore wind developer Ørsted over two cancelled offshore wind projects in the state. Ørsted said last October that […]
(Bloomberg) – Oil and gas companies operating on the Norwegian Continental Shelf will spend 247 billion kroner ($24 billion) this year, reflecting growth in investments for exploration and on existing fields. Spending on oil and […]
Two separate agencies regulating Nigeria’s oil industry have offered wildly different figures for the country’s actual oil production, with one agency recording a 17% shortfall with some $3.3 million at stake, Nigerian Vanguard reported on […]
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