Latest Stories

GE unveils new designs for Haliade-X offshore wind turbine in midst of patent row

19 October 2022

GE has unveiled new designs for the Haliade-X offshore wind turbine because of its patent dispute with rival manufacturer Siemens Gamesa Renewable Energy (SGRE).

Siemens Gamesa calls for quotas on EU-made wind turbines

19 October 2022

Siemens Gamesa, the leading wind-turbine manufacturer, has called for a quota system on the amount of EU-produced turbines installed in the trade bloc, reports the Financial Times.

BayWa r.e. unveils subsidy-free floating wind project off Portugal

19 October 2022

BayWa r.e. of Germany has applied to secure the seabed rights for a floating offshore wind project off Portugal. The company said the project will be the world’s first floating wind project that is subsidy-free.

Volume of Russian fuel delivered to Middle East remains high in September

19 October 2022

Russia continued to deliver higher than usual volumes of petroleum products to buyers in the Middle East in September, even though deliveries dropped month on month.

Nakilat reports net profits, revenues up in Q3-2022

19 October 2022

Nakilat, the Qatari LNG shipping company, has reported that its net profits and revenues went up in the third quarter of 2022.

“Overriding public interest” essential to renewables in the EU: WindEurope

19 October 2022

The EU wants a massive expansion in renewable energy. It wants wind energy to grow from 190 GW today to 510 GW by 2030. But Europe is not building enough wind farms to reach this target, says WindEurope.

NorthAmOil: Diamondback to acquire FireBird for $1.6bn

19 October 2022

Diamondback Energy has announced a major Midland Basin acquisition, having agreed to purchase the Permian driller FireBird Energy for $1.6bn in cash and stock.

NLNG’s force majeure declaration leads Galp to assess impact on supplies

19 October 2022

Portugal’s Galp indicated on October 17 that it was assessing the impact on its supply chain after receiving notice that the Nigeria LNG (NLNG) consortium had declared force majeure on deliveries.

IEA representative: lenders should not cut off financing for African oil & gas projects

19 October 2022

Mary Wartick, the deputy executive director of the International Energy Agency (IEA), has called on international lenders to show more willingness to fund oil and gas projects in Africa.

Report: 60% growth in US offshore wind long-term targets in Q3

19 October 2022

Landmark federal policy, record investments and new state-level actions drove the US offshore wind industry forward in the third quarter of 2022, with coastal states increasing their long-term targets by 58%, a new record for quarterly growth.

Museveni defends oil development plans, reiterates commitment to net zero by 2050

19 October 2022

Uganda’s President Yoweri Museveni has said that his government is committed to reaching carbon neutrality by 2050 but does not expect fossil fuel consumption to be eliminated completely.

Nigeria’s Oilserv shows interest in building gas pipelines to Morocco, Algeria

19 October 2022

Oilserv, one of Nigeria’s largest oilfield services providers, is ready to participate in either of the two major natural gas pipeline projects that the national oil company (NOC) is considering.

Latin America offshore wind: 34 GW of installed capacity by 2050

19 October 2022

Driven by the growth of off-grid green hydrogen projects, Latin America will see a sharp increase in offshore wind projects, with capacity reaching 34 GW by 2050, according to new analysis from Wood Mackenzie.

Petroecuador hopes to sign new service contract for expanding gas production at Amistad soon

19 October 2022

Petroecuador expects to wrap up the process of awarding a contract for boosting natural gas production at the offshore Amistad field in the near future.

Atlantic LNG reports output up 28% in Q3-2022

19 October 2022

Atlantic LNG, the operator of a natural gas liquefaction plant in Trinidad and Tobago, succeeded in raising output by 28% in the third quarter of 2022.

Guyana’s government preparing to withdraw third tranche of oil revenues to support budget

19 October 2022

The Bank of Guyana noted on October 17 that the government was slated to make its third withdrawal of funds from the country’s sovereign wealth fund in the fourth quarter of 2022.