News

  • Suriname’s Staatsolie inks 30-year PSC with Chevron

    Suriname’s national oil company Staatsolie has signed a 30-year production sharing contract (PSC) with oil major Chevron for Block 5 located offshore Suriname. Staatsolie shared the update on the 13th October, saying that it was giving Chevron exploration, development, and production rights by entering into…

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  • Bureau Veritas and AYOP hook up to address decommissioning challenge

    Testing, inspection, and certification specialist Bureau Veritas has joined Dutch advocacy and networking group Amsterdam IJmuiden Offshore Ports (AYOP), which has over 100 members, to tackle the decommissioning challenge.   AYOP’s members include companies, regional government bodies, and research & education institutes active in offshore…

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  • TotalEnergies, Simply Blue launch US floating wind JV

    TotalEnergies and Simply Blue Group have launched TotalEnergies SBE US, a joint venture to unlock the potential for floating offshore wind projects in the US.   The new joint venture will combine TotalEnergies’ expertise in large-scale offshore projects and Simply Blue Group’s floating wind know-how…

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  • Putin Says Russia Will Supply More Gas if Europe Asks

    President Putin said on the 13th October that Russia was ready to provide more gas to Europe if requested, emphatically rejecting the suggestion that Moscow was squeezing supplies for political motives.   “If they ask us to increase further, we are ready to increase further. We will…

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  • Vår Energi considers new discovery tie in to Goliat field

    Vår Energi AS has confirmed a Barents Sea oil and gas discovery in production licence (PL) 901.   Preliminary estimates place the size of the discovery at 1.4-1.9 million standard cubic metres recoverable oil equivalent. The licensees will assess the discovery together with other nearby…

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  • World Not Investing Enough for Future Energy Needs

    The world is failing to invest in energy on the scale needed to escape catastrophic climate change and avoid sharp increases in fossil fuel prices, the International Energy Agency has warned.   In a report just weeks before a key climate change summit known as…

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  • DeNovo picks contractor to build renewable-powered platform in Trinidad

    DeNovo Energy has awarded United Engineering Services Limited a contract for the construction, installation, and commissioning of its new Zandolie platform in waters offshore Trinidad and Tobago.   Established in 2015, DeNovo Energy is an upstream operator and a subsidiary of Proman focused on monetizing…

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  • Ocean wave energy pilot project launched off California

    CalWave Power Technologies Inc says that it has successfully commissioned its CalWave x1 system off the coast of San Diego.   The company says that the event marks the beginning of California’s first at-sea, long-duration wave energy pilot project operating fully submerged.   The CalWave x1 will be tested…

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