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Nov. 8 (PN) On the eve of completing 50 years of production, the Campos Basin finds itself at a decisive juncture for its future within the Brazilian oil and gas industry. Responsible for more than half of all the oil ever produced in the country, the region is now grappling with the effects of field... Continue Reading →
Nov. 2 (OE) Dominion Energy's 2.6 GW Coastal Virginia Offshore Wind (CVOW) project has reached approximately 85% overall completion, with 44 of its planned 176 wind turbines installed and work on the 45th underway. The latest milestone marks an increase from 81% overall completion reported at the end of July, when 31 turbines had been... Continue Reading →
Oct 23 (Reuters) - In a windy, remote oilfield in Argentina, Chevron is bringing in US workers, equipment and expertise, betting it can recreate the Permian Basin shale boom that transformed the US oil industry two decades ago, this time in the Vaca Muerta formation, where success has long been elusive. The US oil producer... Continue Reading →
Oct. 22 (AP) A single figure sets Venezuela apart from the rest of the world: 303 billion barrels of so-called proven oil reserves. But experts say the country's estimate is inherently problematic and far from proven — rooted in exaggerated, aging data from a corrupt government. The number has long been touted by politicians and... Continue Reading →
Oct. 20 (offshore-energy.biz) With more than a billion barrels of oil in its sights, Ireland-headquartered and AIM-listed United Oil & Gas (UOG) is laying the groundwork for its next offshore move to sweeten the pitch for prospective partners in the Caribbean, with a fresh study that maps out a double-digit rig pool, local logistics, and... Continue Reading →
Oct. 9 - Brazil could reach an oil production level of 4.9 million barrels per day by 2036, while investments in the expansion and modernization of energy infrastructure are expected to total approximately R$ 3.3 trillion between 2027 and 2036. These projections are part of the Summary Report for the Ten-Year Energy Expansion Plan 2036... Continue Reading →
Oct. 6 (offshoreWIND.biz) The European Marine Energy Centre (EMEC) has secured GBP 3 million (approximately EUR 3.5 million) from UK Research and Innovation (UKRI) to advance the development of DeepWind, a planned floating and deepwater offshore wind test site in Scotland. The two-year funding, awarded through the UK government’s Infrastructure Fund, will support engineering, environmental,... Continue Reading →
Oct. 6 (oilprice.com) Centuries ago, the untamed jungles of Venezuela’s Orinoco Basin helped power the myth of El Dorado, a city made entirely of gold. But for the new adventurers staking a claim in the country’s black gold instead, there is no myth involved, but rather the world’s largest crude oil reserves of 303 billion... Continue Reading →
Oct. 5 (Aker Solutions) Aker Solutions’ consultancy arm, Entr has been awarded a contract by Net Zero Atlantic to deliver an offshore wind transmission routing and technology study in Canada as part of the Atlantic Canada Offshore Wind Readiness Program (ACORP). In collaboration with Canadian-based C-CORE, a global leader in risk-based advisory services in harsh... Continue Reading →
Oct. 5 (offshore-energy.biz) U.S.-headquartered energy technology giant Baker Hughes has teamed up with PDVSA, Lindsayca, and Fulcrum LNG in a strategic alliance aimed at overhauling Venezuela’s natural gas infrastructure and establishing the nation's very first liquefied natural gas (LNG) export capabilities. The company has signed a new agreement with PDVSA, Lindsayca, and Fulcrum LNG that... Continue Reading →
