“By awarding these contracts, we are taking an important step towards realising the full potential of Al-Shaheen field, which produces around half of Qatar’s crude oil today,” said Minister of State for Energy Affairs, and CEO of QE, Saad Sherida Al-Kaabi.
In February 2022, it said it was terminating the contract. Sapura complained that it had been misled about the state of the soil at the Yunlin offshore wind farm site.
Hartshead Resources (ASX:HHR) has announced a deal for a 'financing backstop' worth A$800 million (£415m) to progress the first phase of the Anning and Somerville developments in the North Sea
The developers behind the Viking carbon capture and storage (CCS) project have awarded a front end engineering and design (FEED) contract to French firm Technip Energies.
The Australian listed company said it had made progress on the project during the last few months, with total costs now estimated to be $325 million. Costs to reach first production are $250mn. Previously, it had forecast total costs to be $303mn.
WeConnect Energy is pleased to announce a significant development in response to the growing demand for skilled professionals in the renewable energy sector.
Saudi Arabia’s reversal of plans to bolster its oil production capacity has raised questions about the future of demand, but it points to another long-running risk to the kingdom’s energy petroleum revenue — rival suppliers.
TotalEnergies and BP were identified as amongst the highest risk developers given their substantial project pipelines but “limited or no operational capacity.”
A host of major North Sea operators and contractors are set to meet with suppliers and present new project opportunities at March’s Share Fair event in Aberdeen.
Global spending on the clean energy transition hit record highs as the world moves to rein in climate change, but it’s still not enough to get on track to net-zero emissions.
Bridges and Bottlenecks is the latest podcast series by Energy Voice Out Loud in partnership with DNV. Each episode looks to address the hard-hitting issues within the energy transition. Technology exists that will be the bridge to take us there, but there are still a number of bottlenecks that stand in the way of progress.