UK Says Baker Hughes-Altus Deal May Hurt Competition in Oil Well Services

(Reuters) Britain's competition watchdog said on Tuesday that U.S.-listed oilfield services firm Baker Hughes Co's acquisition of Altus Intervention could reduce competition among UK oil and gas operators. The Competition and Markets Authority (CMA) said it was concerned that the loss of rivalry between the merging companies could lead to higher prices, reduced choice, and lower quality services... Continue Reading →

WoodMac: U.S. To Triple LNG Exports By 2033

(OP) LNG exports are already outpacing U.S. exports to Mexico—compared to lower-than-Mexico exports five years ago. Next year, U.S. LNG exports are set to further increase from the current around 11 billion cubic feet per day (Bcf/d), and to continue growing all the way through 2033, nearly tripling to reach 29 Bcf/d, according to WoodMac.... Continue Reading →

Application period closes for Scottish offshore wind round targeting oil & gas decarbonization, innovation projects

(OET) Crown Estate Scotland has closed the window for applications under its Innovation and Targeted Oil and Gas (INTOG) leasing round, dedicated to offshore wind projects that will directly reduce emissions from oil and gas production and to small scale innovation projects, including alternative outputs such as hydrogen. A two-week registration window for INTOG opened... Continue Reading →

Germany mulls state guarantees for renewable energies production

(Reuters) - Germany is examining introducing state guarantees for investments in renewable energies, Economy Minister Robert Habeck said on Monday, as Berlin attempts to become more independent in scaling up renewables capacity. The state support could include purchase and credit guarantees for renewable energies production, Habeck said, adding that these guarantees could somewhat overcome uncertainties... Continue Reading →

World’s Largest Offshore Wind Farm: Vattenfall Hits Halfway Mark with HKZ Turbine Installation

(OED) Offshore wind developer Vattenfall said Thursday it had hit the halfway mark with the installation of wind turbines at the Hollandse Kust Zuid (HKZ) wind farm offshore the Netherlands. “We're halfway towards having constructed the world’s first offshore wind farm built without subsidies, a major milestone we can all be very proud of,” says Søren... Continue Reading →

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