Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

New federal lawsuit filed to stop Empire Wind development

Wind Energy – USA

Two weeks after the Trump administration allowed the Empire Wind project to resume, a coalition of project opponents and commercial fishermen filed a new federal lawsuit June 3, calling for the Department of Interior to block the project again.

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ADNOC Drilling wins contract for two jack-up rigs

Fossil Energy – Jack-up Rigs

ADNOC Drilling has announced the award of a $1.15 billion, 15-year contract for two jack-up rigs by ADNOC Offshore in support of its growing offshore operations.

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Shell signs agreement with COOEC to enhance collaboration

Fossil Energy – MoU

Shell and China’s Offshore Oil Engineering Company (COOEC) have signed a new Memorandum of Understanding (MoU) aimed at deepening their strategic partnership and expanding cooperation across traditional oil and gas as well as low-carbon energy sectors.

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Shell increases interest in deep-water Bonga field

Fossil Energy – Nigeria

Shell Nigeria Exploration and Production Company signed an agreement with TotalEnergies EP Nigeria on May 28 to acquire its 12.5% stake in the OML 118 Production Sharing Contract.

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Power from Vietnamese offshore wind exported to Malaysia and Singapore

Wind Energy – Export

In a landmark move for regional energy cooperation, leading energy companies from Malaysia, Singapore, and Vietnam have signed a Joint Development Agreement to explore the export of renewable electricity from Vietnam to Malaysia and Singapore.

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Acquisition of additional interest in Cygnus Field

Fossil Energy – Acquisition

Ithaca Energy has signed a sale and purchase agreement to acquire an additional 46.25% stake in the Cygnus gas field from Spirit Energy for a purchase price of  $154 million.

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