Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

CNOOC to play greater role in T&T’s energy sector

Fossil Energy – Trinidad and Tobago

This week, executives from the China National Offshore Oil Corporation (CNOOC) met with the Ministry of Energy and Energy Industries in Trinidad and Tobago to discuss expanding the company’s presence in the country’s energy sector.

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Vår Energi’s appraisal well confirms Barents Sea oil find

Fossil Energy – Oil Discovery

Vår Energi has confirmed its Zagato oil discovery in the Barents Sea following successful results from appraisal well 7122/8-4 S, which was drilled just north of the Goliat field by the COSL Prospector rig.

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Expansion Perenco Southern North Sea portfolio

Fossil Energy – Perenco

Perenco UK announced the expansion of its Southern North Sea portfolio with the acquisition of a 50% operated interest in the Blythe and Elgood fields from CalEnergy, part of the former IOG Saturn Banks portfolio.

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Staatsolie signs contracts for Block 9 & Block 10

Fossil Energy – Suriname

On Wednesday, November 5, 2025, Staatsolie Maatschappij Suriname signed Production Sharing Contracts (PSCs) for offshore Blocks 9 and 10.

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Valaris scores $190M new offshore drilling and wind contracts

General – Contracts

Offshore drilling contractor Valaris has secured a series of new contracts and extensions worth about $190 million in the North Sea and Middle East regions, lifting its total contract backlog to $4.5 billion.

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Equinor drops offshore electrification plans

General – Norway

Equinor has abandoned plans to connect several of its offshore oil and gas platforms to Norway’s onshore power grid, citing rising costs that have rendered the projects unprofitable.

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ExxonMobil re-enters Iraq with new exploration agreement

Fossil Energy – Iraq

ExxonMobil and Iraq have signed an agreement for the US supermajor to re-enter the Middle East country, although neither side released many details about what the plan will entail.

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