Norwegian energy data and intelligence company TGS has wrapped up a multi-client reprocessing project, which enhances seismic data for hydrocarbon potential in acreage off the coast of Sierra Leone, Africa. The post TGS enables Sierra Leone to gain insight into its offshore oil & gas potential appeared first on Offshore Energy.
Eco (Atlantic) Oil & Gas, an AIM-listed and Canada-headquartered oil and gas company focused on the Atlantic Margin, and its partner, Israel’s Navitas Petroleum, are engaged in discussions with Guyana’s Ministry of Natural Resources (MNR) to enable the continuation of the appraisal and exploration program in an offshore block. The post Oil & gas duo in talks with Guyana over exploration and appraisal work at offshore block appeared first on Offshore Energy.
The UK government has awarded 8.4GW of contracts under its biggest single auction for offshore wind. It claimed the auction will unlock around £22bn in private investment, supporting around 7,000 jobs. Projects include Dogger Bank South off the coast of Yorkshire, Norfolk Vanguard off East Anglia, Berwick Bank in the North Sea and Awel Y Môr, the first Welsh project to win a contract in more than a decade. Using the levelised cost of energy industry metric, the government said the fixed offshore wind in today’s auction was £90.91 per megawatt hour (MWh) on average, compared with 147 MWh to build and operate a new gas-fired power station. Given the intermittency of renewables, gas will continue to be pivotal to delivering UK grid power. Natural gas, via LNG, is crucial for the UK’s electricity system, providing flexibility, stability, and energy security by quickly… Read More »UK issues record auction for offshore wind as grid evolves | United Kingdom
Norway’s Ministry of Petroleum and Energy has offered 57 production licenses to 19 oil and gas companies for further hydrocarbon exploration activity on the Norwegian Continental Shelf (NCS), as part of the award in the pre-defined areas 2025 (APA 2025) round, which represents an uptick from the previous licensing round when 20 players got 53 production licenses. The post 19 oil & gas players widen their offshore acreage in Norwegian waters with new licenses appeared first on Offshore Energy.
The EU is allocating nearly €2m in project finance funding to support carbon capture utilisation and storage (CCUS) in Denmark’s Øresund region. The funding, comprising a budget of €1.2m and ‘contribution’ of €740,000, falls under the Interreg Øresund-Kattegat-Skagerrak cooperation programme involving Denmark and Sweden. The ambition of the three-year project is to make CCUS an integrated, cross-border element of the energy system, where captured biogenic CO₂ is combined with green hydrogen and renewable energy to produce fuels for shipping and aviation. Copenhagen Malmö Port (CMP), through its innovation-oriented Ocean Valley, is the lead project partner, and the consortium also includes E.ON Energy Infrastructure, Green2x, Nordion Energi, Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, Sustainable Business Hub Scandinavia, SYSAV, Öresundskraft, CLEAN, and Copenhagen Capacity. Joint strategies will be developed for areas such as value chain… Read More »EU allocates funding to drive cross-border CCUS | CCUS
Ireland-headquartered oil and gas company United Oil & Gas has disclosed a mobilization timeline for one of U.S.-headquartered TDI-Brooks’ specialist survey vessels, which will undertake a planned survey program off the coast of Jamaica in the Caribbean, North America. The post TDI-Brooks’ vessel prepping for upcoming survey gig in Caribbean appeared first on Offshore Energy.
France’s energy giant TotalEnergies has taken steps to divest its oil interest in Renaissance joint venture (JV), formerly SPDC JV, licenses in Nigeria to Vaaris and breathe life into BxT Trading, a new trading company for petroleum products in the Middle East, with Bapco Energies. The post TotalEnergies offloads oil stakes in Nigerian JV and sets up Middle East’s new trading player appeared first on Offshore Energy.
France-based geophysical services company Viridien, formerly known as CGG, has scored a new integrated multi-client data project off the coast of Malta with the country’s government. The post Viridien bags multi-client project to enhance oil & gas dataset offshore Malta appeared first on Offshore Energy.
Aberdeen-headquartered integrated solutions specialist EnerMech has landed a new pre-commissioning assignment with Italy’s engineering, drilling, and construction services giant Saipem for Guyana’s sixth deepwater oil development project at the Stabroek block, operated by ExxonMobil Guyana, a subsidiary of the U.S. energy giant ExxonMobil. The post Saipem taps EnerMech for job on ExxonMobil’s $12.7 billion oil project off Guyana appeared first on Offshore Energy.
German energy player Uniper has sealed a renewable ammonia offtake agreement with AM Green Ammonia, a partnership among AM Green, Gentari, GIC and Abu Dhabi Investment Authority (ADIA). The post Green ammonia offtake deal strengthens India-Europe supply corridor appeared first on Offshore Energy.