Romania is hindering further offshore gas exploration in the Black Sea by not auctioning off new blocks, the chief executive of an offshore gas project said on Tuesday.The European Union and NATO member has an estimated 200 billion cubic metres…
Heerema Marine Contractors has completed the installation of the Hornsea 3 first jacket and offshore converter station in the North Sea ahead of schedule, marking a milestone for the UK offshore wind project.The work was carried out by the Sleipnir vessel…
BW Energy has signed a sale and leaseback agreement with Minsheng Financial Leasing (MSFL) for the Jasmine Alpha jack‑up drilling rig.BW Energy will receive an $80 million cash consideration, strengthening financial flexibility while maintaining continued access to the unit…
Record output from wind farms has helped boost total clean power supplies in the United Kingdom to new highs so far in 2026, and allowed power firms to pare use of fossil fuels to multi-year lows.The growth in wind output has helped shield the UK power system from the worst effects of the U…
TotalEnergies has completed the merger of its U.K. upstream oil and gas business with NEO NEXT, creating a new company named NEO NEXT+ and taking a 47.5% stake in the combined entity.The deal establishes NEO NEXT+ as the largest independent oil and gas producer on the U…
Iberdrola has awarded contracts to Siemens Energy and Prysmian, worth more than $4 billion (€3.5 billion), for the development of the Eastern Green Link 4 subsea electricity interconnector between Scotland and England.Under the agreements, Siemens…
CRP Subsea has secured a contract from Jan De Nul to supply cable protection systems for Vattenfall’s Nordlicht I offshore wind project in the German North Sea.Under the agreement, CRP Subsea will deliver 141 cable protection systems to safeguard…