Last year, the NSTA expanded Pathfinder to host more information about a wider range of North Sea projects, including well decommissioning campaigns, and offshore wind and carbon capture and storage schemes. SourceContinue Reading
The UK’s new government must double or even triple the rate of offshore wind turbine installations to meet its target of a four-fold increase in offshore renewable energy by 2030, according to a new report. SourceContinue Reading
OPEC+ agreed to make a token oil supply cut for October, a surprise move that shows the alliance is seeking to stabilize global markets after a faltering economic backdrop triggered the longest price rout in two years. SourceContinue Reading
Offshore Energies UK greeted the announcement of Liz Truss as the UK’s new Conservative Party leader as a fresh chance to renew the nation’s approach to energy security and accelerate the transition to cleaner energies with careful long-term investment in its home-grown oil and gas resources. SourceContinue Reading
Texas Comptroller Glenn Hegar announced the Fiscal Year 2022 state revenues highlighting that the oil and gas industry paid record-breaking taxes to the state. SourceContinue Reading
Liz Truss won the bitter race to succeed Boris Johnson as UK prime minister, and will take power with the country facing brutal economic headwinds that threaten to plunge millions of Britons into poverty this winter. SourceContinue Reading
Employment in the U.S. oilfield services and equipment sector rose by an estimated 6,865 jobs to 648,914 in August, according to preliminary data from the Bureau of Labor Statistics and analysis by the Energy Workforce & Technology Council. SourceContinue Reading
Shell Offshore Inc., a subsidiary of Shell plc, will sell its 100% interest in Shell Onshore Ventures LLC to IKAV for about $2 billion, effectively ending Shell’s upstream operations in California. SourceContinue Reading
Equinor and Norwegian technology Vissim have completed the development of a new and expanded ocean space surveillance system for energy operators on the Norwegian and UK continental shelves. SourceContinue Reading
OPEC+ is expected to keep output steady when it meets next week, anticipating that oil markets will recover from a recent price rout and tighten by year-end. SourceContinue Reading
