On World Ocean Day, Ørsted has become the first energy company in the world to issue blue bonds. The five-year, EUR 100 million blue bond was issued in a private placement format in accordance with the IFC Blue Finance Guidelines. Net […]
Ørsted and wind turbine manufacturer Vestas announced a partnership to promote sustainable business models. Under the collaboration, Ørsted will procure wind turbine towers made from low-carbon steel and blades made from recycled materials from Vestas […]
On 2 June, BlueFloat Energy announced that the company had secured contracts for four (floating) offshore wind project sites in the Philippines and thus entry into the country’s offshore wind market. These are Wind Energy […]
By Charles Kennedy of OilPrice.com, ExxonMobil and Chevron could gain access to Algeria’s vast natural gas resources as the U.S. supermajors are in advanced talks for exploration and production deals in the North African country, […]
India’s leading oil and gas explorer Oil and Natural Gas Corporation (ONGC) said it will invest around ₹1 trillion (over $12 billion) in renewable energy by 2030 as it plans to become net zero by 2038. “We have […]
Offshore drilling contractor Stena Drilling has secured a new drilling contract with Shell’s subsidiary – Shell Offshore – for operations in the U.S. Gulf of Mexico. This assignment will be undertaken by the newest addition […]
(Bloomberg) – Equinor ASA has delayed by as many as three years its Bay du Nord project due to escalating costs, the company said Wednesday. The project to develop an oil field about 500 kilometers […]
(WO) – Talos Energy Inc. announced that Zamajal, S. A. de C.V., a wholly owned subsidiary of Grupo Carso (“Carso”), has agreed to acquire a 49.9% interest in Talos’ Mexican subsidiary (“Talos Mexico”), which holds […]
350+ U.S. Workers Across Texas and Kansas Supported Build of Offshore Substation Ingleside, Texas – May 25, 2023 – In the latest milestone for the growth of the U.S. offshore wind supply chain, offshore wind joint […]
As the world moves toward a sustainable future, some regions have an abundance of renewable energy, while others are at a geographical disadvantage. Japan-based startup PowerX has a solution with the world’s first electric battery tanker, “X,” […]
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