MODEC has signed an agreement to jointly develop and scale Carbon Clean’s CycloneCC carbon capture technology for offshore applications. The collaboration will work toward deployment of a fully commercialized CycloneCC solution on a MODEC FPSO by 2026. SourceContinue Reading

“This decline in oil investment is driven by economic uncertainties, lower demand expectations and lower prices,” IEA Executive Director Fatih Birol said in an interview as the agency published its annual World Energy Investment report. SourceContinue Reading

API President and CEO Mike Sommers joined this week’s episode of Veriten’s C.O.B. Tuesday podcast to discuss the state of American energy policy as the Trump administration and Congress continue to make progress on many of the priorities outlined in API’s five-point policy roadmap. SourceContinue Reading

Petronas, Malaysia’s state-owned oil and gas company, will cut about 10% of its workforce in a firm-wide restructuring as it looks to reduce costs due to falling crude prices. The company will reduce headcount by more than 5,000 people, said CEO Muhammad Taufik. SourceContinue Reading

Höegh Evi and Aker BP have been awarded an Approval in Principle (AiP) from DNV for a liquefied CO₂ (LCO₂) carrier. The vessel, developed in Norway by Höegh Evi, Aker BP and Moss Maritime, is designed to transport captured CO₂ for storage in offshore Norway. SourceContinue Reading

The Energy NL Conference & Exhibition 2025 concluded Thursday after an informative and engaging discussion on the potential of the industry, Indigenous participation in resource projects, trade and market diversification, regulations, and an update on the Bay du Nord Project. SourceContinue Reading

Carbon Clean, a global leader in revolutionizing carbon capture solutions, and MODEC, a leading provider of offshore floating platforms, have signed a landmark agreement to jointly develop and scale Carbon Clean’s CycloneCC carbon capture technology for offshore applications. SourceContinue Reading

DRIFT Offshore has established a partnership with UHI North, West and Hebrides, to develop and deliver an introductory training course focused on the operation of remotely operated vehicles (ROVs), trenching and subsea equipment. SourceContinue Reading

The Energy NL Conference & Exhibition 2025 continued in St. John’s on Wednesday, and began with an update from Jeff Murphy, Vice President Capital Projects with North Atlantic, who spoke about recently announced negotiations with ExxonMobil France. SourceContinue Reading

Op-Ed: The media are reporting new predictions that oil production in America is in irreversible decline. Apparently, peak oil is back in vogue, like it’s 2005 instead of 2025. As a regulator of the nation’s largest oil and natural gas producing state, I’ve seen these scary headlines many times before, but here’s the good news:...Continue Reading