GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES
BP’s chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part of a strategy shift announced on Wednesday to tackle investor concerns over earnings, two sources told Reuters.
[Read more…] about BP to ditch renewables goals and return focus to fossil fuelsArabian Drilling and Shelf Drilling recently announced the signing of a Memorandum of Understanding with the intention of forming a strategic alliance which aims to deploy some of Arabian Drilling’s premium jack-up rigs internationally and expand the reach and capabilities of both companies.
[Read more…] about MOU for Strategic Alliance in International Offshore DrillingAfter unsuccessful talks about a possible merger in past years, Saipem is considering a combination with its Norwegian rival Subsea 7 in one of the possible biggest deals in the oil industry to create a larger European oil services provider and defend against a downturn in the industry.
[Read more…] about Saipem to consider merging with Subsea 7Deltares and NIRAS are initiating a new Joint Industry Project on edge scour: JIP EROSION!
[Read more…] about Impact of seabed dynamics on edge scourIntertek announced the delivery of a comprehensive risk assessment for five offshore wind export cables in the North Sea and the Baltic on behalf of Danish transmission system operator Energinet.
[Read more…] about Comprehensive risk assessment helps ensure subsea cable safetyUS offshore wind developer Vineyard Offshore has laid off 50 workers due to ‘market uncertainties’ following the return of President Donald Trump.
[Read more…] about Vineyard Offshore cuts 50 jobs amid Trump uncertaintySpain will launch its first tender for offshore wind farms later this year, Energy Minister Sara Aagesen said on Friday.
[Read more…] about Spain to open first Offshore Wind Tender later in 2025ConocoPhillips will sell its interests in the Ursa and Europa fields in the US Gulf and the Ursa Oil Pipeline Company to Shell for $735 million, the two oil majors said Friday.
[Read more…] about ConocoPhillips agrees to sell interest in Ursa and Europa Fields to Shellbp has chosen to withdraw its application for transmission connection for the 2500MW Beacon Wind project located off the coast of New York.
[Read more…] about bp takes step back from involvement in New York offshore projectEngineering consultancy Wood has been awarded a $120 million contract extension by Shell UK to provide brownfield engineering, procurement and construction (EPC) to onshore and offshore assets across the UK.
[Read more…] about Wood secures $120 million engineering contract extension