Offshore drilling contractor Valaris has secured three new contracts for its drilling rigs. One of the contracts will involve operations on a carbon storage project in the Netherlands. Valaris has been awarded a contract with TAQA offshore the Netherlands for Valaris JU-123, a heavy-duty…
China Risks Winter Energy Crunch China is at risk of the same energy-crunch chaos seen in Europe, with a state-run newspaper warning that coal-fired power plants will struggle to keep the lights on this winter. The nation’s coal-based power producers, which account for more…
Surging gas prices underline the need to maintain investment in the UK’s North Sea domestic production, according to OGUK. Since August, wholesale prices for gas have risen 70%, the association said, due to a combination of lower European gas stocks, declining supplies from Russia,…
New York authorities have selected the Champlain Hudson Power Express project (CHPE) to deliver clean hydropower into the heart of New York City. This 1,250-megawatt (MW) influx of clean power, enough to supply over one million homes, will start displacing fossil generation in the NYC…
The gas pipeline at the Deir Ali power station has returned to operation after completion of repairs, the Syrian Ministry of Oil announced on the 18th September, according to Syrian state TV. Islamic State earlier claimed responsibility for an attack on a gas pipeline at the Deir Ali power station,…
ConocoPhillips agreed to acquire Royal Dutch Shell Plc’s Permian Basin assets for US$9.5 billion in cash, accelerating the consolidation of the largest US oil patch. The deal will give ConocoPhillips additional daily production in 2022 of about 200,000 barrels of oil equivalent, it said…
Shell Offshore Inc expects some of its Gulf of Mexico production to remain offline until 2022 following a comprehensive assessment of damage to its West Delta-143 (WD-143) offshore facilities from Hurricane Ida in August. The WD-143 “A” platform facilities will be offline for repairs…
A record rally in natural gas prices in Europe doesn’t mean it’s become lucrative to send every available molecule to the region. Even though European prices have more than tripled this year, they are yet to beat rates for the liquefied fuel delivered to Asia, the…
Norwegian oil and gas giant Equinor and its partners have received permission to increase gas exports from two offshore fields in Norway to supply the tight European market. Production permits for the Oseberg and Troll fields have each been increased by one billion cubic…
A group of global leaders from across the renewable energy value chain and the sector’s innovation ecosystem have launched a new organisation to ensure renewables are wholly sustainable for people and the planet and lead a just transition away from fossil fuels. The partners,…
