Equinor has entered into an agreement with BP to sell 50% non-operated interests in the Empire Wind and Beacon Wind assets on the US east coast for a total consideration before adjustments of US$1.1 billion. Through this transaction, the two companies are also establishing a strategic partnership for further growth within…
Royal Dutch Shell Plc subsidiary BV Dordtsche Petroleum Maatschappij has agreed to acquire interest in certain frontier exploration assets from Kosmos Energy, Dallas, for US$100 million plus future contingent payments of up to US$100 million. Under the terms of the agreement, Shell will acquire…
Petrobras has completed a drillstem test (DST) over the area of the Júpiter discovery in the presalt Santos basin offshore Brazil. The company operates the surrounding BM-S-24 concession with an 80% interest, in partnership with Petrogal Brazil. The DST assessed the presalt carbonate…
A company owned by Iran’s biggest state-controlled charity has signed a contract to develop part of the country’s second-largest oil field. Sina Energy Development Company will carry out drilling and repair work on 18 wells as well as building pipelines for Phases 1 and…
If Turkey develops the giant Tuna-1 (Danube-1) gas discovery, it could potentially save the country up to US$21 billion in import costs, Rystad Energy estimates. Rystad said on the 9th September that this would depend on the field’s peak output, which remains to be…
Latin America is emerging as a green powerhouse, with some of the strongest renewable capacity growth expected globally in the coming years. With auctions already adopted throughout Latin America, Rystad Energy expects the region’s 49 gigawatts (GW) of renewable capacity will skyrocket to 123…
GE has announced it has secured an order to supply power generation equipment for a new generating block at JSC Tatenergo’s Zainskaya State District Power Plant (SDPP) located in Zainsk, Tatarstan Republic, Russia. The new combined cycle plant will be designed and built by…
Chancellor Angela Merkel opened the door to taking action against the Nord Stream 2 gas pipeline as Germany and its allies mull a response to the poisoning of Russian opposition leader Alexey Navalny. Ms Merkel’s rethinking of her sustained support for the controversial Baltic…
Oil major ExxonMobil has made its 18th discovery offshore Guyana at the Redtail-1 exploration well. The Noble Don Taylor drillship started drilling the Redtail exploration well, which is 1.25 miles northwest of Yellowtail-1, in July. ExxonMobil said in a statement on the 8th…
As the offshore industry embraces the “energy transition,” operators and developers are looking for ways to capture carbon and store it offshore in man-made subsea storage facilities. European operators, equipment manufacturers and service companies are leading the way in this arena, with projects being…
