Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

Valaris enters strategic collaboration agreement

Fossil Energy – Suriname

Valaris today announced that its wholly owned subsidiary, Ensco UK Drilling, has entered into a Strategic Collaboration Agreement with PETRONAS Suriname and Halliburton to support the development of PETRONAS Suriname’s offshore assets.

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Canada, Nova Scotia launch offshore licensing round

Fossil Energy – Licensing Round

Canada and Nova Scotia are advancing a coordinated push to expand offshore oil and gas development, launching a new licensing round and signaling a sustained reopening of the province’s offshore basin to exploration investment.

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NEO NL established to Lead Development of New Nuclear Power Plants

Nuclear – the Netherlands

The Dutch government has officially established the Nuclear Energy Organization Netherlands (NEO NL) to spearhead the development of two new nuclear power plants, marking a significant step in the country’s long-term energy strategy.

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ConocoPhillips submits development plans for Greater Ekofisk Area

Fossil Energy – Norway

ConocoPhillips and its partners have submitted two plans for development and operation (PDOs) to Norway’s Ministry of Energy for the Albuskjell, Vest Ekofisk and Tommeliten Gamma fields in the Greater Ekofisk Area of the North Sea.

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Kuwait to tap oil firms for offshore fields

Fossil Energy – Development Discoveries

Kuwait’s prime minister Ahmad Abdullah al-Ahmad al-Sabah said last week that Kuwait Petroleum Corporation plans to invite international oil companies to assist Kuwait Oil Company in developing the recently announced offshore oil and gas discoveries.

Al-Sabah added in his opening remarks at the Kuwait Oil and Gas Show that KPC is in talks with global financial institutions to establish a lease and lease-back of Kuwait’s domestic crude oil pipeline network.

In January, sources told Reuters that Kuwait was set to launch an oil pipeline network stake sale as soon as February in a deal that could raise to $7 billion.

Kuwait’s oil minister Tariq Al-Roumi told Reuters on Monday that he expects tenders for the Durra oil and gas field project, in cooperation with Saudi Arabia, to be launched this year.

Chevron signs MoU with Libya’s NOC

Fossil Energy – MoU

Chevron has signed a memorandum of understanding (MoU) with Libya’s National Oil Corporation (NOC) to evaluate potential oil and gas exploration and development opportunities, supporting the country’s efforts to boost hydrocarbon production.

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Agreement between SOCAR and Eni for African project

Fossil Energy – Baleine Field

State Oil Company of the Republic of Azerbaijan (SOCAR) has signed an agreement with Eni to acquire a 10% participating interest in the development project of the Baleine oil and gas field located offshore Côte d’Ivoire.

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Preparation New York Ports for offshore wind

General – New York Port

The New York State Energy Research and Development Authority announced a $300 million competitive solicitation to support maritime port development projects aimed at strengthening the state’s offshore wind supply chain, even as the broader industry grapples with significant regulatory and financial challenges.

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