Guyana: The 13-kilometer link giving Hammerhead gas three potential destinations

Aug. 12 (oilnow.gy) Guyana’s Hammerhead development, the country’s seventh sanctioned offshore oil project, is expected to begin production in 2029 with capacity of about 150,000 barrels of oil per day (b/d). Its associated gas could first fuel Hammerhead’s own operations, with remaining volumes potentially sent through the Gas-to-Energy (GtE) pipeline to shore, connected to future infrastructure... Continue Reading →

August 12, 2026 0

Dutch Project Produces First Green Hydrogen On North Sea Gas Platform

Aug. 11 (Forbes) An innovative pilot project in the Netherlands - focused on energy transition solutions - has reached a milestone moment of producing its first batch of green hydrogen on an active natural gas platform in the North Sea. The project - PosHYdon - led by a consortium of partners with support of the Dutch Ministry... Continue Reading →

August 12, 2026 0

Argentina’s YPF reports $1.21 billion second quarter net profit

Aug 10 (Reuters) - Argentina's state oil firm YPF on Monday reported a net profit of $1.21 billion in the second quarter of 2026, compared with $58 million ‌seen a year earlier, citing higher shale production, record processing levels and a hike in international prices. The state-run producer's revenues reached $6.57 billion during the April-to-June... Continue Reading →

August 11, 2026 0

Siemens Energy signs contract to supply equipment to Petrobras

Aug.10 (cnnbrasil) German equipment manufacturer Siemens Energy has signed a contract with the Dutch company SBM Offshore to supply power generation and gas compression systems. These systems will be installed on the P-81 and P-87 platforms, which are destined for Petrobras projects in the Sergipe-Alagoas Basin. The value of the contract was not disclosed. In... Continue Reading →

August 11, 2026 0

BP to sell 20% stake in Manakin gas field to Trinidad’s NGC

Aug 10 (Reuters) - BP has agreed to sell a 20% stake ‌in a block that contains the Trinidad portion of the cross-border Cocuina-Manakin natural gas field to the country's state-owned National Gas Company, the company said on Monday in an emailed statement. BP and NGC signed the deal for the stake in the Manakin portion... Continue Reading →

August 11, 2026 0

Sumitomo buys into major Celtic Sea floating wind project

Aug. 10 (splash247.com) Japan’s Sumitomo Corporation has bought a 33.3% equity interest in the Gwynt Glas offshore wind farm, developed by EDF and Electricity Supply Board (ESB) in the Celtic Sea. The acquisition marks Sumitomo’s first participation in a floating offshore wind project. The project involves the development, construction, and operation of a floating offshore... Continue Reading →

August 10, 2026 0

Guyana is set to get more Stabroek oil, but how much?

Aug.9 (oilnow.gy) Guyana is set to receive a larger share of the oil produced from the Stabroek Block after ExxonMobil and its co-venturers recovered about US$55 billion in investment and a substantial amount of operating costs. To understand why, it is important to understand how cost recovery works. ExxonMobil, Hess (owned by Chevron) and CNOOC... Continue Reading →

August 10, 2026 0

How Engineers Are Reinventing the Wind Turbine

Aug. 9 (oilprice.com) To accelerate the global green transition, several energy companies are developing more durable and efficient renewable energy equipment, such as wind turbines and solar panels. This has been hugely successful in recent decades, with the creation of larger, stronger wind turbines and more efficient, resilient solar panels. As companies continue to improve... Continue Reading →

August 10, 2026 0

US Government Reaches USD 1.2 Billion Offshore Wind Exit Deal with RWE

Aug. 7 (offshoreWIND.biz) RWE and the US Department of the Interior (DOI) have reached a settlement agreement under which RWE will relinquish its offshore wind leases in the New York Bight and off the coasts of California and Louisiana in exchange for USD 1.22 billion (around EUR 1.06 billion) in settlement funds. The agreement resolves... Continue Reading →

August 8, 2026 0

Petrobras likely to beat 2026 oil production target, CEO says

Aug 7 (Reuters) - azil's state-controlled oil company Petrobras will likely produce ‌more oil than it had forecast for 2026, CEO Magda Chambriard said on Friday during an earnings call with analysts. She said the company's oil output in the second quarter was 200,000 barrels per day higher than its target. So far this year, Petrobras... Continue Reading →

August 8, 2026 0