Latest News
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29 May 24Westwood: Lack of technology standardisation, port investment and manufacturing capability major hurdles in unlocking future of floating wind
A survey by Westwood Global Energy Group reveals a lack of standardisation of floating technology (55%), manufacturing capability and capacity (51%) and port infrastructure (50%) as the most commonly cited major hurdles and risks to floating offshore wind progress, indicating a need for accelerated investment, regulation and supply chain co-ordination globally for the sector to achieve its ambitions. -
29 May 24ConocoPhillips to acquire Marathon Oil Corporation in all-stock transaction; provides shareholder distribution update
ConocoPhillips and Marathon Oil Corporation have entered into a definitive agreement pursuant to which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion, inclusive of $5.4 billion of net debt. -
29 May 24Vestas to establish a united Technology, Manufacturing and Supply Chain organisation to strengthen end-to-end approach within delivery of wind energy
Vestas continues to evolve its organisation to reflect its customers’ and broader value chain’s needs and is today announcing the next step in this evolution. This step entails Vestas uniting its Technology organisation (CTO) and Manufacturing & Global Procurement organisation (COO) into one Technology and Operations organisation (CTOO). -
29 May 24UK: Leading technology centres create network to drive innovation in floating offshore wind
The Offshore Renewable Energy (ORE) Catapult and the Net Zero Technology Centre (NZTC) have announced the start of a new programme, the INTOG Innovation Network, focusing on maximising the impact of commercial, pilot scale, innovative, floating wind projects through the INTOG (Innovation and Targeted Oil and Gas) leasing process. -
29 May 24US: BOEM finalizes Environmental Review of Gulf of Maine offshore wind research lease
The Bureau of Ocean Energy Management (BOEM) has announced the availability of its Final Environmental Assessment (Final EA) of an offshore wind research lease in the Gulf of Maine. -
29 May 24UK: UKOG receives letter of support from Sumitomo regarding UKOG's planned strategic Dorset and Yorkshire Hydrogen Storage projects
UK Oil & Gas (UKOG) has announced that the Company's planned strategic Dorset and Yorkshire Hydrogen Storage projects have received a letter of support ('LOS') from Summit Energy Evolution Ltd ('SEEL'), a wholly owned subsidiary of major Japanese trading conglomerate Sumitomo. -
29 May 24Longboat Energy provides corporate and operational update
Longboat Energy, an emerging full-cycle E&P company currently active in Norway and Malaysia, has announced a corporate and operational update. -
29 May 24Canada: VAALCO Energy announces successful drilling campaign results in Canada
VAALCO Energy has announced that it has drilled, completed and brought onto production four long lateral wells in Canada. -
29 May 24US: Zephyr Energy award of additional grant funding from U.S. Department of Energy and State 36-2R well drilling update
Zephyr Energy, the Rocky Mountain oil and gas company, has announced the receipt of additional grant funding from the U.S. Department of Energy for upcoming operations on the State 36-2R well at its project in the Paradox Basin, Utah. The Company has also provided a further update on current drilling operations on the State 36-2R well. -
29 May 24Dolphin Drilling announces first quarter 2024 financial results
Dolphin Drilling has announced its unaudited results for the three months ended 31 March 2024. The Company reports operating revenues of USD 10.1 million, EBITDA of USD (17.0) million, and earnings per share of USD (0.08). -
29 May 24Malaysia: MODEC announces plan to open a new office in Malaysia and expand workforce
MODEC has announced plans to open a new office in Kuala Lumpur, Malaysia, with more than 200 new positions in engineering and other corporate support functions to fill by early 2025. The new office will be a subsidiary of Offshore Frontier Solutions, a MODEC Group company in Singapore, to execute Engineering, Procurement, Construction and Installation (EPCI) projects for floating offshore solutions. -
29 May 24Hess Corporation receives stockholder approval for proposed merger with Chevron
Hess Corporation has received the necessary approval of its stockholders for closing the company’s merger with Chevron Corporation. At a special meeting of Hess stockholders, a majority of the outstanding shares of Hess common stock were voted in favour of the adoption of the merger agreement. -
28 May 24UK: Synergia Energy commences farm out process concerning its Medway Hub Camelot CCS project in the UK
Synergia Energy has announced the commencement of a farm out process concerning its Medway Hub Camelot CCS project in the UK. Synergia and its partner, Wintershall Dea, each hold a 50% interest in the CS019 Camelot carbon storage licence, with Synergia as designated operator. The Camelot licence is located in the UK Southern North Sea. -
28 May 24Weatherford awarded a two-year frame agreement extension with Equinor for completions and slot recovery
Weatherford International has been awarded a two-year frame agreement extension with Equinor, a multinational energy company, for the delivery of completions, liner-hangers, and slot recovery services. -
28 May 24UAE: TA’ZIZ awards construction contract for low-carbon ammonia plant
TA’ZIZ, a chemicals and transition fuels ecosystem under development in Al Ruwais Industrial City, Abu Dhabi, announced at the Make it in the Emirates forum, the award of a construction contract for its 1 million tons per annum (mtpa) low-carbon ammonia production facility. Fertiglobe, a partner of TA’ZIZ, Mitsui & Co and GS Energy Corporation, awarded the construction contract to Tecnimont (MAIRE Group). -
28 May 24DNV assists Philippine battery energy storage project through to commercial operation
Consultants in the Singapore and Philippine offices of DNV, the independent energy expert and assurance provider, have assisted SN Aboitiz Power Group in the development of a battery energy storage system (BESS) facility co-located with the Magat Hydroelectric Power Plant at Ramon, Isabela in the Philippines.