Energy

Exxon Mobil Corporation (NYSE:XOM) announces its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well.

ExxonMobil Corp has announced that it will exit some joint ventures with Rosneft, an integrated oil company majority owned by the Government of Russia.

An explosion of innovation in the UK will see an army of autonomous robots service giant wind turbines with tens of rotors, while parachute-shaped kites will transform how we think about wind turbines.

Earlier this year Jumbo completed their project for the Arkona offshore wind farm (E.ON and Statoil).

Three Scottish innovators are testing sensor technology that could be deployed on offshore wind farms on the Offshore Renewable Energy (ORE) Catapult’s Levenmouth offshore wind demonstration turbine in Fife.

In a recent analysis of decisions to invest in the development of oil and natural gas resources, three economists from the EIA conclude that many large, capital-intensive oil and gas projects will come online after 2025 in order to meet rising demand.

The 2018 edition of BP’s Energy Outlook has been published and considers the forces shaping the global energy transition out to 2040 and the key uncertainties surrounding that transition. The speed of the energy transition is uncertain and the new Outlook considers a range of scenarios.

Based on a positive election in New Jersey, offshore wind bids in Massachusetts and the release of the New York State Offshore Wind Master Plan, 2018 expectations for the U.S. offshore wind market were high. The first six weeks of 2018 indicate that the industry may have to raise its sights even higher.

In support of President Donald J. Trump's ‘America-First Offshore Energy Strategy,’ Deputy Secretary of the Interior David Bernhardt announces that the Department will offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development.

The offshore wind farm project Arkona in the German Baltic Sea has received the German Renewables Award presented by the Clusteragentur Erneuerbare Energien, based in Hamburg. The project got the Innovation Product of the Year award for a newly developed method to protect the steel foundations of offshore wind turbines from corrosion.

Siemens Gamesa Renewable Energy (SGRE) has been awarded exclusivity by Danish energy group Ørsted for the supply and service of wind turbines for the Hornsea Project Two offshore wind project, being developed in British waters, where it will install its SG 8.0-167 DD turbines with total capacity of 1,386 MW.

Tackling corrosion issues and developing new materials in the wave, tidal and offshore wind sectors across Europe could save up to €84,000 million for developers and create up to € 82,000 million of supply chain opportunities by 2050, according to two new reports published today.