Latest Stories
Report: 60% growth in US offshore wind long-term targets in Q3
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
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
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
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
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
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
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.
Gaza nears deal for offshore exploration
Vårgrønn completes purchase in 3.6-GW Dogger Bank offshore wind farm off UK
Vårgrønn, a joint venture between the Italian energy company Plenitude and the Norwegian energy entrepreneur and investor HitecVision, has acquired Plenitude’s stake in Dogger Bank A, B and C.
Touchstone gearing up to bid for more than one onshore block in Trinidad and Tobago
Touchstone Exploration (Canada) is looking to bid on more than one of the 11 blocks included in Trinidad and Tobago’s onshore and near-shore licensing round this year.
Dominion Energy proposes new solar projects in US
Dominion Energy Virginia has proposed nearly two dozen new solar and energy storage projects for Virginia customers. If approved, the projects will provide more than 800 MW of carbon-free electricity, enough to power more than 200,000 Virginia homes.
SABIC launches United Ethylene Glycol Plant 3 in Jubail
Saudi Basic Industries Corp. (SABIC) reported on October 17 that it had launched commercial operations at the United Ethylene Glycol Plant 3 in Jubail.
Saudi petchem Sipchem reports net profits, revenues up in 9M-2022
Sahara International Petrochemical Co. (Sipchem) saw its net profits and revenues rise in the first nine months of 2022, according to an interim report released on October 18.
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