Northern California energy authority RCEA and a consortium of private companies, including Aker Solutions and Principle Power, have submitted a lease application to advance the first commercial scale project for floating offshore wind in the United States. The application for the offshore wind energy…
Oil reserves at Gazprom Neft’s Neptune field offshore Sakhalin Island have risen to 415.8 million metric tons (458.3 million tons), according to the latest estimate from Russia’s Federal Agency for Mineral Resources. Gazprom Neft discovered the field last year with a well 55 kilometres…
GE’s Power Services business (GE) is celebrating the 40th anniversary of its 6B gas turbine fleet by launching the world’s first 6B repowering solution. GE also announced it has signed its first agreement for the solution with a global chemical company to repower three…
Ophir Energy has impaired the value of its Fortuna FLNG development in Equatorial Guinea and decided to downsize its London office in order to transition to an Asian HQ. Ophir has been working to find financing and make a final investment decision on the…
On the 12th September OPEC further trimmed its forecast for 2019 global oil demand growth and said the risk to the economic outlook was skewed to the downside, adding a new challenge to the group’s efforts to support the market next year. In a…
Drilling activity offshore the UK remains depressed, according to Oil & Gas UK’s 2018 Economic Report. During the first half of the year, 41 development wells were drilled, six fewer than in the corresponding period in 2017. The dip was due to reduced…
Cairn Energy and its partners are aiming for approval later this year of their development plan for the deep-water SNE oil field offshore Senegal. The field extends over ~350 square kilometres (135 square miles) and according to Cairn has two distinct horizons, with a…
Had California and Germany invested US$680 billion into new nuclear power plants instead of renewables like solar and wind farms, the two would already be generating 100% or more of their electricity from clean (low-emissions) energy sources, according to a new analysis by Environmental Progress….
The United Kingdom and seven major companies have joined the EV30@30 campaign, which aims to speed up the deployment of electric vehicles and target at least 30 percent new electric vehicle sales by 2030. The expanded membership will strengthen the collective and coordinated approach…
With the Cambo well operations shortly due to complete, Siccar Point Energy and its JV partner have elected to defer the drilling of the Lyon exploration well (Licence P.1854) until 2019. This is primarily to mitigate the risk of weather downtime as the well…
