Romgaz CEO: If acquisition proceeds, Romgaz will need more funding to complete gas project.
If the acquisition of a ailing fertilizer producer by Romgaz this year goes through, it may have to use additional funding to pay for its portion of offshore project Neptun Deep. Romgaz and OMV Petrom have teamed up to develop Neptun Deep, one of Europe's largest natural gas reserves. Both companies will share the estimated cost of 4 billion?euros ($4.72billion) for this project. Romgaz issuing euro-denominated bonds since 2024 via a programme of euro medium-term notes to finance its part of the project. However, it may need to raise more funds if the Azomures purchase goes ahead this year.
Trinidad Minister: BP and Shell are seeking US licensing for shared gas fields with Venezuela.
Shell and BP seek?U.S. Shell and BP are seeking?U.S. Trinidad is Latin America’s largest liquefied gas exporter, and also one of the largest exporters in the world of ammonia and methane. However, the Caribbean island is aiming to develop offshore oil and gas fields near the border with Venezuela to secure its supply and counteract the declining reserves. In recent years, despite frequent U.S. changes in policy towards Venezuela, its gas projects have made slow progress. Venezuela, under the leadership of President Nicolas Maduro, suspended its energy cooperation with Trinidad and?Tobago in 2013, including joint natural-gas projects that were being planned. The U.S.
Australia now offers three new offshore wind licenses
The government announced on Friday that Australia had offered offshore wind licenses for projects off the coast of Western Australia's southern coast. These projects could bring 4 gigawatts (GW) of clean energy to the state's isolated power system. The offer comes after several other offshore wind project on the east coast Australia have been pulled in the last 18 months, slowing down the sector's progress. The state has extended the subsidy for a coal mine by five more years, citing energy security. Bunbury Offshore Wind was awarded two final feasibility?licenses…
Another legal defeat for Trump as US judge allows Dominion to restart offshore wind project
Federal judge cleared Dominion Energy, a U.S. energy company to resume its Virginia offshore project on Friday. This is the third legal blow this week against President Donald Trump’s anti-offshore winds agenda. Judge Jamar Walker of U.S. District Court for Eastern District of Virginia has issued a temporary injunction that allows Dominion Construction to resume construction on the $11.2billion project, while the lawsuit against Trump's Interior Department continues. In Washington, Orsted and Equinor offshore wind developers won similar rulings earlier this week in their lawsuit over Interior's suspension of five projects in construction in federal waters on December 22.
US Judge allows Danish firm Orsted to resume Rhode Island offshore project that Trump stopped
The federal court on Monday allowed Danish offshore wind developer Orsted, along with four other projects that were halted by the U.S. administration of President Donald Trump last month, to resume work on their nearly completed Revolution Wind project. The decision?by?U.S. The ruling by U.S. District Judge Royce Lamberth represents a legal defeat for Trump who had sought to stop the expansion of offshore winds in federal waters. Orsted's Revolution Wind suit is one of many filed by offshore companies and states to reverse Interior Department's suspension of five offshore?leases on December 22, citing national security concerns.
US Judge rejects Trump Administration's decision to stop wind energy permits
Federal judge ruled on Monday that U.S. president Donald Trump's administration failed to justify their decision to suspend the issuing of leases and permits to new "wind" projects in accordance with Republican President's wishes. U.S. District judge Patti Saris, in Boston, sided with 17 Democratic-led States and the District of Columbia when she found that agencies failed to adequately explain why they had halted federal approvals of all wind-energy project indefinitely. The U.S. The U.S. Departments of Interior and Commerce, as well as Environmental Protection Agency were implementing a Trump directive he made on his first official day in office.
Abu Dhabi Oil and Gas Group plans to invest $150 billion in 2026-2030
ADNOC, the state-owned oil company of Abu Dhabi, announced on Monday that it plans to invest $150 billion between 2026 and 2030 in order to maintain current operations, grow and meet global demand for energy. The board of directors of the company welcomed its increased oil reserves, which now total 120 billion stock-tank barrels (stb), compared to 113 billion stb. It also noted that natural gas reserves had increased from 290 trillion standard cubic foot (scf) to 297 trillion scf. The Emirati oil company has attracted new global partners for unconventional exploration concessions in order to accelerate development…
Cenovus Reports Rise in Q3 Profit
Cenovus Energy reported a rise in third-quarter profit on Friday, driven by record oil sands production and near-full refinery utilization that helped offset weaker crude prices.The Calgary, Canada-based oil and gas producer pursues a major expansion through its planned acquisition of MEG Energy for about $6 billion.A MEG shareholder vote on the deal was postponed this week to allow for additional regulatory disclosures.The regulatory inquiry is related to a complaint raised by a former employee of MEG who holds approximately 4,000 shares…
J-Power shuts down two coal-fired plants and commits to offshore wind project
J-Power, Japan's Electric Power Development Company (J-Power), announced on Friday that it would decommission 2 coal-fired plants by March 2029 in order to achieve its 2030 goal of reducing carbon dioxide emissions by 46 percent from 2013. Hitoshi Kano also reiterated the company's intention to complete the Oga, Katagami, and Akita offshore project in the northern Akita Prefecture within the framework of Japan's public auction second round. J-Power is a wholesale supplier of electricity that relies on coal-fired production for more than half of its sales in the United States.
Shell approves Nigerian offshore gas development in partnership with Sunlink
Shell announced on Tuesday that it had approved the development of a gas offshore project in Nigeria with Sunlink Energies. This is the latest investment in a long line of investments made by Shell's Nigerian business. Shell stated that the HI offshore project will, when completed, supply 350 million cubic feet per day of gas at its peak to Nigeria LNG. Nigeria LNG produces and exports liquefied gas to global markets. Shell has made this investment to demonstrate its strategy of growing its global LNG business, and strengthening its position in Nigeria.
The agency's head claims that Colombian oil and gas reserves are expected to increase this year.
The head of Colombia's hydrocarbons department said on Tuesday that the country's oil and natural gas reserves are likely to grow in comparison with the previous year. Colombian oil reserves are expected to reach 2.04 billion barrels in 2024 - enough for 7.2 years' worth of consumption. Orlando Velandia said the agency was predicting crude prices would close the year around $70 a barrel. He said that if this is the case, then the agency will not have to reduce its reserve estimates. Brent crude closed Tuesday at $68.47 a barrel. According to Velandia, the estimate of Colombia's reserves could rise even higher.
Sentinel Midstream’s deepwater oil export project is granted an air permit by the EPA
On Monday, the U.S. Environmental regulator announced that it had granted an air permit to Sentinel Midstream for its proposed deepwater oil project off Texas' coast. According to a press release, the Environmental Protection Agency has issued a permit under the Clean Air Act that permits the use of auxiliary vessels to control volatile organic compounds at the proposed Texas GulfLink deepwater terminal. U.S. president Donald Trump wants to see projects approved faster, especially those that boost the U.S. oil and gas industry. This permit will bring Sentinel closer to making a final investment.
Australia approves the North West Shelf Gas Plant to operate until 2070
Australia approved Woodside's application to operate Australia's second largest and oldest liquefied gas plant, the LibNaGa Plant, until 2070. The new emission rules were imposed to reduce its environmental impact. North West Shelf, a plant in Western Australia, is expected to emit up to 4.3 million metric tons carbon dioxide over its lifetime. Critics say this will endanger nearby ancient rock art as well as set back climate change efforts. Murray Watt, the Environment Minister, told a Friday press conference that Woodside had accepted a number of conditions to protect Indigenous art.
Tenaris' net quarterly sales decline 7% due to Brazil and Europe weakness
Tenaris, an Italian steel pipe manufacturer, reported a 7% decline in net sales during the second quarter 2025. This was due to lower shipments into Brazil and Europe. The company's net sales fell from $3.32 billion to $3.09billion in the second quarter of last year. Sales volumes in the tubes segment dropped 5% due to lower shipments for the Raia offshore project, in Brazil, and lower sales in Europe of offshore line pipes. Tenaris, based in Luxembourg, said it expects a drop in U.S. Oil Country Tubular Goods imports following the recent U.S. steel tariff increase. The company also anticipates a gradual rise over time. In May, U.S.
Australia approves Woodside's North West Shelf LNG Plant to operate until 2070
Australia approved Woodside Energy’s request on Wednesday to extend the lifespan of its North West Shelf Gas Plant until 2070. This follows a six-year process that was plagued by delays, complaints and criticism from environmental groups. North West Shelf, located in Western Australia on the Burrup Peninsula, is Australia's largest and oldest liquefied gas plant. It also serves as a major supplier of LNG to Asian markets. In a press release, Environment Minister Murray Watt stated that the decision to approve an extension of the project was subject to strict conditions.
Equinor could cancel New York offshore project due to Trump's order
Developer of major U.S. off-shore wind project warns that it will cancel Empire Wind facility near the coast of New York, if they cannot resolve a stop-work order from the Trump administration issued a month ago. Molly Morris is the president of Equinor's U.S. renewable energy division. She said that the company spends $50 million per week to keep this project alive. Morris stated in an interview that the situation was no longer sustainable. Interior Secretary Doug Burgum told Equinor on April 17 to stop construction of the project, citing…
The drilling of the offshore gas project in Romanian Black Sea has begun.
On Tuesday, the owners of Romania's Neptun Deep offshore project announced that drilling had begun in the Black Sea. This could lead to the production of one the EU's biggest gas deposits in 2027, which would ease the transition from Russian gas. Neptun Deep is jointly owned by the oil and gas company OMV Petrom, and Romania's Romgaz. It holds approximately 100 billion cubic metres of recoverable gas. OMV Petrom, a majority-owned company of Austria's OMV, is the largest shareholder in Neptun Deep. Neptun Deep is expected to double Romania's production of gas and turn it into a net-exporter…
Copenhagen Infrastructure Partners closes third offshore wind project with Taiwan
Copenhagen Infrastructure Partners, a clean energy fund manager, announced on Wednesday that it had reached financial closure on its 495 Megawatt (MW), Fengmiao I Wind Project, located off the coast Taichung in Taiwan. CIP announced that Fengmiao 1, its third offshore wind farm in Taiwan, would be built by local and international suppliers with proven track records. CIP reports that Danish wind turbine manufacturer Vestas will provide 33 units of their latest 15MW turbines for Fengmiao I. Vestas supplies turbines to CIP’s two existing projects.
Kansai electric, a Japanese company, has invested in Iberdrola’s offshore wind project worth 1.3 billion euros.
The company announced on Friday that Japan's Kansai electric power Co had agreed to purchase a 49 percent stake in Iberdrola’s Windanker offshore project in Germany. This agreement expands a partnership between the Spanish renewable energy giant and the Japanese firm. The wind farm, located in the German portion of the Baltic Sea will have a capacity installed of 315 Megawatts. It is expected to begin operating at the end of 2026. Kansai has not disclosed the amount it paid for its share. Iberdrola will retain 51% of the project and values it at 1.3 billion euro. This is Kansai's fifth offshore wind project, bringing the total offshore wind capacity to 3 gigawatts.
Colombia regulator: Licenses for Petrobras and Ecopetrol offshore projects will be ready by mid-2026
Orlando Velandia of Colombia's hydrocarbons regulatory agency said that by mid-2026 the Brazilian state-run Petrobras, and its Colombian equivalent Ecopetrol, could have all the licenses they need to move forward with a joint offshore project in Colombia. The project is now commercialized after 6 trillion cubic feet of natural gas reserves were confirmed. The partners are planning to complete drilling a well in this year while also planning its development. Before building infrastructure, an environmental and social license is required. The project…