Canadian oil and gas companies Frontera Energy and CGX Energy have entered into a term sheet for a US$19 million loan which will enable CGX to continue to finance its share of costs related to the Corentyne, Demerara, and Berbice blocks off Guyana. Frontera…
On Valentine’s Day, the Los Angeles Times published a full-page feature on clean energy which cited a number of other states that are keeping a close eye on California and its aggressive climate change mitigation measures, including the goal of eliminating fossil fuel use in the state by 2050….
Van Oord is working with Ansys to speed environmental sustainability while expediting new product designs for the offshore wind turbine industry. Ansys is aiding Van Oord engineers in their development of cutting-edge wind turbine foundations, helping them increase product quality and deliver new innovations…
Saipem has contracted Harland & Wolff to fabricate and load-out eight jacket foundations for the Neart na Gaoithe (NnG) wind farm offshore Scotland. The work is expected to start on the 1st July 2021 at its newly acquired Methil facilities in Scotland, and create…
Wave power developer Mocean Energy and energy storage specialist EC-OG are working with Chrysaor, Modus, OGTC, and Baker Hughes on a wave-powered renewable energy system for subsea equipment. The programme will aim to demonstrate how wave power, coupled with underwater energy storage, can cost-effectively…
How best to reduce the massive backlog of idle oil and gas wells with unknown or insolvent operators, better known as orphan oil and gas wells, has been a prominent topic in the United States lately. The Biden administration, for instance, has proposed spending…
The multifaceted offshore energy sector is currently going through a major change with the energy transition and sustainability as a driving force. Offshore Energy website has been delivering news coverage from seven different industry sectors under one roof for over a year now. Although different,…
TC Energy Corporation is seeking, through a Request for Information (RFI), to identify potential contract and/or investment opportunities in wind energy projects which could generate up to 2,500,000 megawatt hours per year or 620 megawatts of zero-carbon energy to meet the electricity needs for a…
Reconnaissance Energy Africa Ltd (ReconAfrica) has discovered a working conventional petroleum system in Kavango basin, north-east Namibia, based on data from the 6-2 well, the first of a three-well drilling programme. Well 6-2’s sample log shows over 200 metres of oil and natural gas…
Technology and commercial advancements are expected to continue to drive down the cost of wind energy, according to a survey led by Lawrence Berkeley National Laboratory (Berkeley Lab) of the world’s foremost wind power experts. Experts anticipate cost reductions of 17%-35% by 2035 and…
