Fossil Energy – Orange Basin
Oregen Energy has signed a Letter of Intent to evaluate an equity investment in Petrovena Energy and grow its footprint in Namibia’s Orange Basin.
[Read more…] about Oregen eyes more acreage in Namibia’s Orange BasinLibya signs offshore oil exploration deal with Chevron
Fossil Energy – Technical Study
National Oil Corporation has signed an agreement with Chevron to conduct a technical study for offshore oil exploration in Libya, in a move aimed at attracting more investment into the country’s energy sector.
[Read more…] about Libya signs offshore oil exploration deal with ChevronMOL makes first entry into European Offshore Wind CSOV Business
General – CSOV Business
MOL has decided to jointly own two Commissioning Service Operation Vessels (CSOVs) with Schoeller Holdings, with delivery scheduled in 2027.
[Read more…] about MOL makes first entry into European Offshore Wind CSOV BusinessVena Group signs $750M investment deal with Taean County
General – Funding
Vena Group has signed an investment agreement with Taean County in South Korea worth USD 750 million over the next five years.
[Read more…] about Vena Group signs $750M investment deal with Taean CountyMilaha is strengthening its maritime position
General – Investment
Milaha, which is planning to modernise its fleet, particularly offshore vessels, has laid out plans to strengthen its presence in Kuwait and Iraq, deepen trade flows between Asia and the Middle East, explore new trade opportunities in East and North Africa, and selectively expand operations in Saudi Arabia and the UAE.
[Read more…] about Milaha is strengthening its maritime positionEquinor steps back from CCS Expansion
General – Carbon Capture and Storage
Equinor, long regarded as one of the global standard-bearers for carbon capture and storage, is scaling back its near-term investment plans for CCS as project economics and customer demand fail to mature at the pace once expected.
[Read more…] about Equinor steps back from CCS ExpansionChevron unwilling to operate under Lukoil’ terms
Fossil Energy – West Qurna 2 Oil Field
Chevron is unwilling to operate in Iraq on the terms of the Russian company Lukoil.
[Read more…] about Chevron unwilling to operate under Lukoil’ termsInvestment in PEL 37 off Namibia’s coast
Fossil Energy – Namibia
Sintana Energy, based in Canada, unveils exciting plans for Walvis Basin Expansion off the Coast of Namibia.
[Read more…] about Investment in PEL 37 off Namibia’s coastEquinor plans 250 exploration wells in Norway by 2035
Fossil Energy – Equinor
Equinor plans to drill 250 oil and gas exploration wells in Norwegian waters over the next 10 years to achieve a goal of sustaining output in 2035 at 2020 levels, driven by expectations of prolonged fossil fuel demand.
[Read more…] about Equinor plans 250 exploration wells in Norway by 2035Pentland floating offshore wind project secures backing
Wind Energy – Funding
Pentland Floating Offshore Wind Farm in Scotland, developed by funds managed by Copenhagen Infrastructure Partners P/S, announces investment from Great British Energy, National Wealth Fund and Scottish National Investment Bank each with the option to invest up to £50m.
[Read more…] about Pentland floating offshore wind project secures backing