Vår Energi AS has confirmed a Barents Sea oil and gas discovery in production licence (PL) 901. Preliminary estimates place the size of the discovery at 1.4-1.9 million standard cubic metres recoverable oil equivalent. The licensees will assess the discovery together with other nearby…
The world is failing to invest in energy on the scale needed to escape catastrophic climate change and avoid sharp increases in fossil fuel prices, the International Energy Agency has warned. In a report just weeks before a key climate change summit known as…
DeNovo Energy has awarded United Engineering Services Limited a contract for the construction, installation, and commissioning of its new Zandolie platform in waters offshore Trinidad and Tobago. Established in 2015, DeNovo Energy is an upstream operator and a subsidiary of Proman focused on monetizing…
CalWave Power Technologies Inc says that it has successfully commissioned its CalWave x1 system off the coast of San Diego. The company says that the event marks the beginning of California’s first at-sea, long-duration wave energy pilot project operating fully submerged. The CalWave x1 will be tested…
Air Liquide and Faurecia have announced the signature of a joint development agreement to design and produce on-board liquid hydrogen storage systems for the automotive industry. Through this technology partnership, the two companies will accelerate the deployment of zero-emission heavy-duty mobility. Particularly well-suited…
The European Union is looking at different ways to ensure Ukraine has a steady supply of natural gas this winter and is not exposed to any reduction in Russian output, the bloc’s chief executive said on the 12th October. European Commission President Ursula von der Leyen…
China’s widening power crisis, which has forced rationing across the country and threatens to derail economic growth, is prompting policy makers to rethink the pace of the nation’s energy transition. China’s path to a greener economy needs to be underpinned by a stable supply…
The UK Oil and Gas Authority (OGA) has awarded a carbon dioxide (CO2) appraisal and storage licence (CS licence) to Harbour Energy, boosting the drive to reach net zero greenhouse gas emissions by 2050. The licence will cover an area in the Southern North Sea off the coast of…
The Northern Lights JV has awarded contracts for the construction of two LNG-powered, wind-assisted dedicated CO2 carriers to Dalian Shipbuilding. The Northern Lights joint venture has awarded contracts for the construction of two dedicated CO2 carriers to Dalian Shipbuilding Industry Company Ltd. As…
US oil major Chevron has adopted a 2050 net-zero aspiration for upstream Scope 1 and 2 emissions and set a new GHG intensity target for Scope 1, 2, and 3 emissions, expected to be reached by 2028. Direct Scope 1 emissions include the six…
