TotalEnergies has signed settlement agreements with the US Department of the Interior (DOI) to relinquish its Carolina Long Bay lease (Lease OCS-A 0545) and its New York Bight lease (Lease OCS-A 0538), both awarded in 2022, along with its partners. As a result, TotalEnergies will no longer develop offshore wind projects in the US.
Adnoc Logistics and Services (Adnoc L&S) confirmed the early delivery of Arada, a 175,000 m³ liquefied natural gas (LNG) carrier constructed by Jiangnan Shipyard in China.
The Innovation Fund, financed through EU Emissions Trading System revenues, is advancing net-zero technologies across Europe. Under the 2024 call, 54 projects secured grants totalling €2.7 billion ($3 billion), moving from selection to implementation, with funding sizes.
Adnoc Logistics & Services (Adnoc L&S) announced that shareholders approved all agenda items at its Annual General Meeting, including the company’s final dividend of $81.25 million, bringing the 2025 full-year dividend to $325 million.
Developments in the offshore energy sector are highlighting the important role of offshore support vessels as the industry moves toward innovation, sustainability, and renewable energy.
The US and Israel launched an attack on the Natanz uranium-enrichment facility on Saturday morning, Iran's Tasnim news agency said, as the war in the Middle East entered its fourth week. No radioactive leaks occurred and residents near the site were not at risk, it added.
Abu Dhabi Department of Energy has confirmed the readiness and efficiency of the emirate's energy and water ecosystem following field visits to several of its vital utility facilities. This comes in line with its efforts to advance sustainability while strengthening energy and water security in the emirate.
Abu Dhabi National Oil Company and Austrian group OMV Aktiengesellschaft (OMV) have announced strong progress towards the formation of Borouge Group International, including the signing of an asset usage agreement for the Borouge 4 (B4), an integrated polyolefins production complex in Abu Dhabi.
Mina Al Ahmadi Refinery, operated by Kuwait National Petroleum Company (KNPC), came under drone attacks in the early hours of Friday. These attacks resulted in a fire in several units within the refinery but caused no injuries, as per preliminary assessments, said a statement from Kuwait Petroleum Corporation (KPC).
Benchmark Brent oil prices jumped above $119 a barrel on Thursday after Iran attacked energy facilities across the Middle East following Israel's strike on its South Pars gas field, a major escalation in the war. Meanwhile, Middle East benchmark Dubai and Oman premiums hit all-time highs at about $65 per barrel, according to trade sources and Reuters data.
