Energy.
Equinor updated cost estimate for the Snøhvit Future project
On behalf of the partnership, Equinor has updated the cost estimate for Snøhvit Future to NOK 26.5 billion in 2026 value. The timetable for the project remains unchanged, with onshore compression planned to start in 2029 and electrification in 2030. The updated figures for Snøhvit Future have been reported to the Ministry of Energy in connection with the government’s proposed national budget…
Engineering confidence across offshore wind: Tekmar’s relationship with ScottishPower and Iberdrola
A multi-project relationship demonstrating the value of integrated engineering expertise, proven asset protection technology and international delivery experience. Long-term customer relationships…
Shell takes final investment decision to double LNG Canada capacity
Shell Canada Energy, an affiliate of Shell plc announced a final investment decision on LNG Canada Phase 2, which will double production capacity at the facility in Kitimat, British Columbia.……
Shell completes sale of interest in Gulf of America platform
Shell Offshore Inc., a subsidiary of Shell plc, has completed the previously announced agreement to sell its 50% non-operated working interest in the Na Kika platform and associated fields in…
Record diesel prices put US policy options in focus
Record-high diesel prices and tight inventories have put US exports under scrutiny, but keeping more barrels at home may offer only temporary relief. With refiners already running near capacity and…
Trump to consider diesel export restrictions amid political pressure
US President Donald Trump and US Secretary of the Treasury Scott Bessent said the administration was considering restricting diesel exports amid surging pump prices, following days of increasing…
Crude Oil Inventories Surge, Defying Market Expectations
The Energy Information Administration (EIA) has reported a significant increase in U.S. crude oil inventories, a development that caught market participants by surprise. The latest data reveals an…
European countries urge for joint policy action to tackle soaring oil prices
European leaders have called for joint policy action, including relaxed fuel quality standards and revised biofuels regulations, to help bring fuel costs down from record highs ahead of the peak…
Nord Gas Solutions awarded contract for cargo handling and fuel supply systems for new MGC vessels
Nord Gas Solutions has been contracted to supply the Cargo Handling System (CHS) and LPG Fuel Supply System (LFSS) for two new 40,000 m³ Medium Gas Carrier (MGC) vessels being built at HD Hyundai for…
Denmark’s energy islands to become regional game changers as offshore wind surges, says GlobalData
Offshore wind is becoming the backbone of Denmark’s clean energy future. The country plans to establish an artificial island in the North Sea with an initial capacity of 3GW and another island-based…
Saipem awarded a new contract in Türkiye for the client GOE Petrol Sanayi
Saipem has been awarded a new contract by GOE Petrol Sanayi for the Commissioning Services of the Osman Gazi Floating Production Unit (FPU), intended for the development of the Sakarya gas field in…
Nord Gas Solutions awarded contract for cargo handling and fuel supply systems for new MGC vessels
Nord Gas Solutions has been contracted to supply the Cargo Handling System and LPG Fuel Supply System for two new 40,000 m³ Medium Gas Carrier vessels being built at HD Hyundai for the shipowner…
New practitioner resources launched to help shipping prepare for ammonia-fueled vessels
These resources provide practical guidance to build the competencies and safety management organizations needed for ammonia-fueled shipping. Lloyd's Register Maritime Decarbonisation Hub (The Decarb…
Santos to increase interest in Papua LNG
TotalEnergies has agreed with ExxonMobil to transfer operatorship of the Papua LNG project to ExxonMobil PNG Antelope Limited, in parallel with a partial sell-down of its participating interest to…
NKT qualifies 525 kV HVDC subsea power cable system for operation at 90 °C
NKT launches a fully qualified 525 kV HVDC power cable system for operation with a 90 °C conductor temperature. This enables increased transmission capability, strengthening the performance of the…
Santos achieves significant milestone at Pikka oil project, advancing ramp-up to plateau production
Santos announced the successful commencement of seawater injection at the Nanushuk Drillsite-B (NDB) of the Pikka oil project on Alaska’s North Slope. On-specification water export from the seawater…
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