Equinor ASA will spend almost $1 billion backing Orsted A/S’s share sale, in a crucial show of support as the Danish firm seeks to steady its finances following the Trump’s administration’s attacks on offshore wind. SourceContinue Reading
Nigeria has set a lower threshold by which oil companies can recover their expenses as it seeks to boost government revenue amid lower crude oil prices threatening to widen the budget deficit in the West African nation. SourceContinue Reading
Voters in Guyana headed to the polls to decide whether to reelect President Irfaan Ali or back rivals pledging to squeeze more wealth from ExxonMobil’s offshore oil fields, even as troops came under fire from across the Venezuelan border. SourceContinue Reading
Oil traders expect OPEC+ to hold crude production steady when it meets this weekend, as the group pauses after a series of accelerated supply increases. SourceContinue Reading
TotalEnergies has been awarded the Nzombo exploration permit in the Republic of the Congo. The 1,000 square km Nzombo permit is located 100 km off the coast of Pointe-Noire, close to the Moho production facilities. SourceContinue Reading
BW Offshore has signed a Head of Agreement (HoA) with Equinor Canada Ltd, confirming its selection as preferred bidder for the FPSO unit for the Bay du Nord project offshore Newfoundland and Labrador, Canada. SourceContinue Reading
Following approval of the 450-mile Eiger Express Pipeline project connecting the Permian basin to Gulf Coast Markets, Texas Railroad Commissioner Wayne Christian issued a statement of support, emphasizing the importance of infrastructure in meeting energy demand. SourceContinue Reading
In response to the growing requirement to accurately measure and reduce methane emissions from offshore assets, IKM Testing UK has developed and launched its patent-pending technology, Source Level Identification and Quantification (SLIQ). SourceContinue Reading
The Hamm Institute for American Energy at Oklahoma State University has awarded $200,000 in seed grants to OSU faculty members who are tackling challenges in energy security, resilience and innovation. Eight projects were chosen, each receiving $25,000. SourceContinue Reading
Argent LNG has formally submitted its Letter of Intent (LOI) and Preliminary Waterway Suitability Assessment (PWSA) to the U.S. Coast Guard, marking a key milestone in the advancement of its flagship LNG export terminal at Port Fourchon, Louisiana. SourceContinue Reading
