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Norway’s energy major Equinor is today launching the world’s largest floating wind power installation, with 88 MW of capacity. The Hywind Tampen installation, offshore Norway, will supply electricity to oil and gas platforms in the area, Reuters notes in a report on the news. According to Equinor, the wind park …

Japan will start releasing more than 1 million tonnes of treated radioactive water into the ocean from the wrecked Fukushima nuclear power plant on August 24, said Prime Minister Fumio Kishida on Tuesday at a meeting of Cabinet ministers involved in the plan. The water will initially be released in …

The price of Russia’s flagship oil may have jumped above a Group of Seven imposed cap but that has done little to impede the provision of western services for the trade. The number of ships calling at the nation’s ports that are either western owned or insured has fallen slightly …

Qatar is paving the way to build a new chemical plant in Algeria as part of a potential partnership with the country’s state-owned Sonatrach, Elkhabar Daily reported. The partnership between Qatar’s Power International Holding and Sonatrach would include the construction of a new petrochemical complex that will produce raw materials …

Equinor will replace two gas turbines with heat recovery to produce electric power. This will reduce annual CO2 emissions by 95 000 t. Statfjord C will change its power solution to cut emissions. A new steam turbine will produce electricity based on surplus heat from two gas compressors. This will …

Japan said on Tuesday it will start releasing more than 1 million metric tonnes of treated radioactive water from the wrecked Fukushima nuclear power plant on Aug. 24, putting into motion a plan that has drawn strong criticism from China. The plan, approved two years ago by the Japanese government …

Several Saudi firms, including oil giant Aramco and a company owned by the Kingdom’s sovereign wealth fund, announced on Sunday the financial close of a major solar project in Saudi Arabia worth $2.37 billion in investment, the Saudi Press Agency reported. Saudi Aramco Power Company (SAPCO), a wholly-owned subsidiary of …

China is expanding its presence in the global LNG trading world, with Chinese traders setting up new or expanding their trading desks in Singapore and London, Reuters writes. This would put China in direct competition with LNG trade leaders including Shell, BP, TotalEnergies, and Equinor, the report pointed out. The …

European natural gas prices jumped as workers serving a key export project in Australia prepare for a strike that could put a significant dent in global supplies in the run-up to winter. Disruptions in Australia risk impacting 10% of global liquefied natural gas exports, a prospect that has kept European …

The United States emerged as the world’s largest consumer of crude oil in 2022, leading the global rankings, according to recently released statistics from Italian oil company Eni. Eni’s data reveals that the United States claimed the top spot for the world’s largest oil consumer in 2022, with a daily …