Denmark’s majority state-owned Orsted announced “a rights issue with pre-emptive rights for existing shareholders” on August 11, instead of pursuing a planned partial sale from the Sunrise Wind offshore project in the United States. Orsted said then the farm-down could not be completed due to “recent material adverse development in the U.S. offshore wind market”.
Ghana is set to host the 31st edition of AOW:Energy, the flagship event for Africa’s oil, gas, and energy sector, from 15th to 18th September 2025 in Accra, under the auspices of the Ministry of Energy and Green Transition and the Petroleum Commission
BW Offshore is reiterating its commitment to oil and gas production and hopes to land a new floating production, storage and offloading unit deal soon.
Despite declining domestic production and ambitions to pivot away from fossil fuels, oil and gas still meet three-quarters of the UK’s energy needs, with gas alone supplying over 85% of domestic heating and cooking for homes and often providing more than half of electricity generation during low renewable output.
BP, which announces its half-year results on Tuesday, said last month that it would sell its share in 10 US onshore windfarms to the New York-headquartered LS Power. On Monday it launched its 50:50 offshore wind joint venture with the Japanese wind company Jera worth up to £4.5bn, which it plans to use to gain some access to zero-carbon wind energy developments while focusing on fossil fuels.
The performance reflects stable global oil prices and adherence to the Petroleum Revenue Management Act, managed by the Bank of Ghana. This revenue stream supports fiscal resilience under President Mahama’s administration amid broader economic recovery efforts.
Ghana is on the path to energy self-sufficiency as Genser Energy develops a 200 million cubic feet per day gas processing plant in Prestea, Western Region. Ghana currently produces 380 million cubic feet of natural gas per day, which falls short of its daily peak needs of 460 million cubic feet.
Technip Energies is a global engineering and technology company serving the energy industry. It specialises in LNG, hydrogen, sustainable chemistry and CO2 management, and has delivered over 20% of the world’s operating LNG capacity. The company also leads in modular and innovative project delivery models worldwide.
SLB OneSubsea has been awarded an EPC contract by Equinor for a 12-well all-electric subsea production system at the Fram Sør project offshore Norway, the company said on Monday.
Yinson Production has completed the buy-out of the project loan tied to FPSO Atlanta from Brava Energia S.A., paying a total of approximately $257.4 million in cash, including $255.5 million in principal and $1.9 million in accrued interest.