U.S. oil and gas company Hess Corporation has made an oil discovery in an exploration well located in the U.S. Gulf of Mexico.
The global oil and gas industry has embarked on a growth upcycle, raising concerns that this is putting net-zero 2050 commitments at risk.
Subsea 7’s revenue for the first half of 2023 was $2.8 billion, a $323 million or 13 per cent increase compared to the first half of 2022, said to be due to significantly increased activity in the Subsea and Conventional business unit partly offset by lower revenue in the Renewables business unit. F
The power sales from the MeyGen tidal energy project have reached €4.5 million in 2022, according to the developer of the project SIMEC Atlantis Energy, which also unveiled plans for potential combination of the tidal power scheme with its battery energy storage systems (BESS) business.
Qatar’s energy sector is positioned for further growth, solidifying the country’s position as the world’s top exporter of LNG.
SSEN Transmission and the UK National Grid have selected Hitachi Energy as the preferred technology provider for two HVDC converter stations to interconnect the Scottish and English power grids. The news comes a few days after the Switzerland-based company was selected to deliver the HVDC converter
Beach Energy is now targeting the start of drilling operations at its development well off Taranaki towards the end of the first quarter of 2024.
The US Department of Commerce and National Oceanic and Atmospheric Administration (NOAA) have launched the Ocean-Based Climate Resilience Accelerators program, designed to support blue economy startups and concepts.
Saipem has inked a letter of intent for work on a large-scale CO2 capture project with Stockholm Exergi
Nexans is investing in a new third-generation cable-laying vessel in order to, as the company says, support a record project backlog and meet future needs of offshore wind and interconnector projects. According to Nexans, building upon the cutting-edge technology featured on the flagship vessel Nexa
Equinor’s profit was cut in more than half from record-high figures seen last year due to significantly lower energy prices.
Greenpeace has decided to take the UK government to court over – what it deems to be – an “unlawful” oil and gas decision.
newcleo, a London-based nuclear technology company developing Generation IV reactors using nuclear waste as fuel, has signed a cooperation agreement with Italian shipbuilding major Fincantieri and RINA classification society. The trio has agreed to carry out a feasibility study for nuclear applicati
Italian oil major Eni has decided to enhance its oil and gas portfolio further by acquiring Chevron’s Indonesian assets.
