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Oil&Gas Drilling
Shelf Drilling’s Backlog Reaches $2.1 Billion With 33 Out of 36 Rigs Busy With Work
UAE-headquartered offshore drilling contractor Shelf Drilling has pushed its total contract backlog to $2.1 billion at the end of the second quarter of 2024. Th…
Geothermal Power Plant
Kengen Set to Invest USD 248 Million for Olkaria VII Geothermal Power Plant, Kenya
Geothermal well, Olkaria/ Kenya (source: Scientific Drilling International)Regulatory filings have indicated that state-owned utility KenGen is planning to buil…
Oil & Gas Trade
Oil Producer APA Explores $1-Billion Sale of Permian Assets, Sources Say
An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S. on May 3, 2017. REUTERS/Ernest Scheyder/File Photo Purchase Licensing RightsAPA Cor…
Offshore Wind Power
Orsted Books New Losses, Flags Delay at US Offshore Wind Project
A view of the turbines at Orsted's offshore wind farm near Nysted, Denmark, September 4, 2023. REUTERS/Tom Little/File Photo Purchase Licensing RightsRenewa…
Oil & Gas Trade
Chevron to Pay $550 Million Settlement to Richmond, California
A Chevron gas station is shown after Chevron Corp said it would buy Hess Corp in a $53 billion all-stock deal, in Encinitas, California, U.S., October 23, 2023.…
Hydrogen Project
$25.4 Billion Deal: Artin Energy’s Giant Leap for Green Hydrogen
In a landmark move set to revolutionize the renewable energy landscape, ArtIn Energy has officially signed a groundbreaking contract to construct an 876-megawat…
Wind Turbine
Vestas’s Offshore Wind Turbine Order Backlog Stood at Eur 5.5 Billion on 30 June 2024
Vestas has posted its results for the second quarter of 2024 which show the company’s offshore wind turbine order backlog on 30 June was at 4,489 MW and a…
Oil & Gas Trade
Energy Producer Maverick’s Owner Explores Sale Valuing It at $3 Billion, Sources Say
A pump jack operates in front of a drilling rig at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Purchase Licens…
Electricity Trade
Ofgem signs off $4.35 billion electricity ‘superhighway’ from scotland to yorkshire
The sun rises behind electricity pylons near Chester, northern England October 24, 2011. REUTERS/Phil Noble/File photo Purchase Licensing RightsBritain's en…
Offshore Wind Power
Poland starts nearly 5 bln euro Loanplan to fund offshore wind
A survey vessel sails past wind turbines at the Burbo Bank offshore wind farm near New Brighton, Britain, January 23, 2023. REUTERS/Phil Noble/File Photo Purcha…
Nuclear Power Plant (NPP)
Price tag for new nuclear power in Sweden$38 billion, commission says
Sweden's plans to expand nuclear power to help tackle climate change are likely to cost around 400 billion crowns ($38 billion) and should be financed by go…
Electricity Transmission
South africa battles to fund vital grid upgrade for green energy
South Africa's plan to expand its power grid, now the biggest bottleneck to replacing coal with renewables, has hit a snag: finding investors to lend the ne…
Oil & Gas Trade
ADNOC gas revenues shoot past $9 billion for first-half 2024
ADNOC Gas delivers more than 60 per cent of the UAE's demand for gas. Higher population numbers and increased offtake from the industrial sector continues t…
Solar project
Pivot Energy and Microsoft to Develop 500MWAC Solar Projects in US
The 500MWac capacity is projected to generate one billion kilowatt-hours of electricity annually over two decades. Credit: Aaron Finn / Shutterstock.Pivot Energ…
Wind Farm
OX2 Sells 99 MW Wind Farm in Romania for 2.5 Billion SEK
OX2 has closed an agreement to sell a 99.2 MW onshore wind project in Romania to Nala Renewables, a joint venture between IFM Investors and Trafigura. The agree…
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