GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES
European energy major OMV is committed to exploration and is aiming to drill about 50 wells over the next five years with the best potential in the Black Sea and Norway.
[Read more…] about Black Sea and Norway exploration in focus for leading operatorRenewable energy leader Ørsted has announced a major organizational restructuring that will see approximately 2,000 jobs cut by the end of 2027 as part of a broad effort to strengthen its competitiveness and align with its updated business strategy.
[Read more…] about Ørsted to cut 2,000 jobs in global restructuring to boost competitivenessBP has put its Murlach field in the U.K. North Sea into production, marking its sixth major project start-up in 2025.
[Read more…] about BP starts up Murlach Field in UK North SeaExxonMobil and Iraq have signed an agreement for the US supermajor to re-enter the Middle East country, although neither side released many details about what the plan will entail.
[Read more…] about ExxonMobil re-enters Iraq with new exploration agreementLondon-headquartered energy services provider Hunting has begun the delivery of oil country tubular goods (OCTG) accessories to support deepwater drilling operations offshore Guyana.
[Read more…] about Hunting delivering equipment to back deepwater drilling off GuyanaLithuania’s National Energy Regulatory Council (NERC) has ruled that the country’s second 700MW offshore wind tender did not take place after receiving only one application by the submission deadline.
[Read more…] about Lithuania’s tender declared invalid after single bidder emergesAberdeen-based Dolphin Drilling announced the contract fixture of its semi-submersible drilling rig, BORGLAND DOLPHIN, to Repsol.
[Read more…] about Repsol contracted BORGLAND DOLPHINOne of the most notable updates to the upcoming Danish 3 GW Offshore Wind Tender is the introduction of a capability-based two-way CfD, which, unlike traditional CfDs, will be settled based on the potential generation of the wind farm rather than actual output.
[Read more…] about Introduction capability-based two-way CfD in DenmarkThe Australian Government has recently unveiled its latest Net Zero Plan, setting a new target to cut 62–70% of greenhouse gas emissions by 2035 (against 2005 levels).
[Read more…] about Latest Net Zero Plan Australia unveiledEquatorial Guinea has signed an agreement with US energy giant Chevron to develop the Aseng Gas Project, marking a significant step in the country’s ambition to become a leading liquefied natural gas (LNG) processing hub in Africa.
[Read more…] about Equatorial Guinea signs $690 million LNG deal with Chevron
