The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp's license to operate in Venezuela, but likely without the greatly expanded terms the U.S. oil major sought, four people close to the talks said.The last U.S. energy producer in Venezuela asked President Joe Biden's government in March for a license that would allow it a greater say in its joint ventures with
Guyana is in "no rush" to draft a new production sharing agreement (PSA) for offshore oil development, its Natural Resources minister told Reuters, reversing a year-long drive to devise new rules for future output.The government of South America's newest crude oil producer said in 2021 it was planning a new agreement to revamp terms and boost royalties for future oil and gas projects.
Maersk Supply Service, an offshore supply vessel branch of A.P. Moller-Maersk, is launching its offshore vessel-charging venture, Stillstrom, to support the decarbonization of the maritime industry by eliminating idle emissions.Together with the offshore wind giant Ørsted, Stillstrom plans to demonstrate the world’s first full-scale offshore charging station for vessels at an offshore wind farm
Japanese-Australian venture producing hydrogen from brown coal is set to ship its maiden cargo on the world's first liquid hydrogen carrier from near Melbourne to Kobe on Friday, in a test delayed by nearly a year because of the COVID-19 pandemic.The Suiso Frontier, built by Japan's Kawasaki Heavy Industries (KHI), arrived on Friday from Kobe, in southern Japan
Senegal President Macky Sall on Monday laid the foundation stone for the construction of a $1.13 billion deep-water port being developed by Dubai's state-owned port operator DP World at Ndayane, around 50 km (31 miles) south of the capital Dakar.DP World Dakar, a joint venture between the Dubai-based logistics provider and the Port Authority of Dakar (PAD)
The U.S. Interior Department said on Wednesday it approved the South Fork offshore wind power project off the coast of Rhode Island, making it the second commercial-scale wind project with federal approval.The decision comes as the administration of President Joe Biden seeks to rapidly expand the U.S.
Italian energy industry giant Eni said Monday it had held the naming and sail away ceremony for the Coral-Sul FLNG unit, the first floating LNG facility ever to be deployed in the deep waters of the African continent. The event took place at Samsung Heavy Industries shipyard in Geoje, South Korea, in the presence of Filipe Jacinto Nyusi, President of the Republic of Mozambique, and H.E.
Eidesvik Offshore, a Norwegian offshore support vessel owner, has signed a deal with oil firm Aker BP and Alma to investigate the possibility of using Alma's fuel cell technology to accelerate the transition to zero-emission shipping.Alma is a venture under establishment by Aker Group's recently formed platform for venture capital in industrial technology Clara Venture Labs.
The first in a series of three new 49,900 dwt methanol dual-fuel MR tankers has been launched for a joint venture between Proman and Stena Bulk.Stena Pro Patria’s launching took place at Guangzhou Shipyard International (GSI), which is the first Chinese shipyard to build a Methanol Dual-Fuel vessel.
Offshore wind turbine maker will deliver its giant 15MW wind turbines for Equinor and BP joint venture's offshore wind farms in New York.Vestas said Monday that, Empire Offshore Wind, a joint venture between Equinor and BP, had named it as the preferred turbine supplier for the 2.1 GW Empire Wind 1 and Empire Wind 2 offshore wind projects in New York, USA.
Investment firm Stonepeak said on Monday it would buy Teekay LNG Partners in a deal worth $6.2 billion, as it looks to take advantage of rising global demand for LNG amid a push towards cleaner sources of energy.Prices of the benchmark U.S. natural gas contract have been on the rise, hitting seven-year highs recently. On Monday, the front-month gas futures contract was up 6.3% at $5.
Saildrone Inc. and NOAA have released the first video footage gathered by an uncrewed surface vehicle (USV) from inside a major hurricane barreling across the Atlantic Ocean.The Saildrone Explorer SD 1045 was directed into the midst of Hurricane Sam, a category 4 hurricane. SD1045 is battling 50 ft.