Chevron has signed an agreement with the government of Equatorial Guinea for Block EG09 – located in the Douala Basin on the border of Cameroon. Representing a notable achievement for both Chevron as it moves to increase its penetration in the Equatorial Guinean market, and the country itself in its journey towards resource maximization, the agreement grants Chevron 80% ownership with GEPetrol holding the remaining 20%.
Energy
All Stories
VARD, one of the world’s major designers and shipbuilders of specialized vessels, has secured a new contract for the design and construction of one Service Operation Vessels (SOV) for North Star Group in the UK. The vessel of VARD 4 12 design will be the fourth SOV to be delivered from VARD to North Star for operation on the Dogger Bank Wind Farm in the North Sea.
Technip Energies has been awarded a contract by the Abu Dhabi National Oil Company (ADNOC) to update the Front-End Engineering Design (FEED) for the Ghasha mega project including accelerating the integration of carbon capture into the development.
Equinor has entered into an agreement to acquire all of Spirit Energy’s production licenses in the Statfjord area which spreads across the Norwegian and UK Continental Shelves and are developed by three integrated production platforms (Statfjord A, B, C). All licenses are operated by Equinor.
By taking the lead in the global ocean energy market, Europe will benefit from economic activity worth €140bn by 2050, according to a new report ‘A European Ocean Energy Industry – the €140bn Economic Opportunity’, launched on December6, 2021.
The UK Government is investing £800,000 in tidal energy pioneer Nova Innovation, through the Energy Entrepreneurs Fund, to develop a low-cost, rapid turbine deployment and recovery solution that could unlock 100GW of tidal energy resources worldwide.
On the occasion of the OEE2021 event, the EuropeWave project has announced the successful tenderers in its innovative Pre-Commercial Procurement (PCP) process.
The Basque Energy Cluster and Ocean Energy Europe (OEE) are teaming up to deliver a joint event on ocean energy in 2022. The unique event, ICOE-OEE 2022, will gather ocean energy professionals and decision-makers from all corners of the globe in San Sebastian – Donostia, in the Basque Country, Spain.