While 2022 was marked by a global energy crisis and price volatility, 2023 is still uncharted territory for the oil and gas industry.
In the wake of Russia’s war in Ukraine, the offshore energy industry was thrown for a loop, which resulted in price volatility.
The Ministry for the Ecological Transition and the Demographic Challenge (MITECO) of Spain has opened a €240 million call for the development of marine renewable energy pilot projects, test platforms and associated infrastructure.
ExxonMobil has filed a lawsuit against the European Commission’s proposed windfall tax on fossil fuel companies’ profits.
Türkiye’s natural gas reserves in the Black Sea have been increased, following a new gas discovery and an upward revision of a previous one.
Norway’s oil and gas production fell behind the Norwegian Petroleum Directorate’s predictions in November 2022.
Ofgem has approved the strategic electricity transmission reinforcements required to deliver the UK Government’s 50 GW offshore wind by 2030 target, set out as part of the regulator’s Accelerated Strategic Transmission Investment (ASTI) framework. The decision confirms that all SSEN Transmission pro
The search for four people aboard a downed helicopter, which went down in the U.S. Gulf of Mexico, has been suspended.
The U.S. Coast Guard (USCG) has launched a search and rescue (SAR) mission for four people aboard a downed helicopter in the Gulf of Mexico.
TotalEnergies’ unit in Gabon has signed a new exploitation and production sharing contract with the Gabonese government, as well as a deal to extend the Establishment Agreement. TotalEnergies EP Gabon has signed with the government an agreement relating to the rearrangement of certain provisions of
Japan, the world’s top importer of LNG, is working with marine insurers in the country to ensure LNG imports from Russia are not jeopardized in the wake of the latest sanctions against Moscow. Three companies from Japan, Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance, and Mitsui Sumito
Russian President Vladimir Putin signed an Executive Order on Tuesday, December 27, banning the sale of oil and oil products to foreign companies and individuals abiding by the price cap imposed by the Westrn nations. To remind, at the beginning of December, the Group of Seven (G7) nations and Austr
Namibia’s Ministry of Mines and Energy has granted a second one-year extension for the Petroleum Exploration License 87 (PEL 87) located in the Orange Basin. Canada-based Sintana Energy reported on 21 December that Namibia’s Minister of Mines and Energy had granted a second one-year extension to the
An Italian company specialising in producing green hydrogen using renewable energy sources has applied for a maritime concession to build a 675 MW floating offshore wind farm in the Strait of Sicily.
