The Biden administration has granted a license to Trinidad and Tobago to develop a major gas field located in Venezuelan territorial waters, U.S. and Trinidad officials said on Tuesday, marking a further easing of some sanctions on Venezuela…
Tidal energy technology company Minesto said Friday it had received its first historic sales order for site development services,.The order includes Minesto's Dragon Class tidal energy powerplants and comes from an unnamed 'major corporation in the Asian offshore energy sector…
Tidal energy developer Minesto said Thursday it had installed additional offshore infrastructure in Vestmannasund, Faroe Islands, to double electricity production from two Dragon 4 (100kW) tidal energy power plants in an array set-up.The company…
Tidal energy developer Minesto has this week launched its second Dragon Class tidal kite in Vestmanna, Faroe Islands, and has started producing electricity.The tidal energy power plant “Dragon 4” will benefit from previous configuration testing executed with the first unit…
Dubai-based Dragon Oil signed a $1 billion deal to renew its production partnership in Turkmenistan with state-owned Turkmen Oil for 10 years after the current contract expires in May 2025, the United Arab Emirates state news agency WAM said on Monday…
Tidal energy developer Minesto has this week launched its first Dragon Class tidal kite in Vestmanna, Faroe Islands, and has started producing electricity.'[Minesto] has now successfully completed the first week of commissioning including satisfactory…
Tidal energy technology developer Minesto this week launched a plan for large-scale build-out of tidal energy arrays in the Faroe Islands.The plan includes four new verified sites that would supply 40% of the nation’s growing electricity consumption…
United Arab Emirates-based Dragon Oil has made its first oil discovery in the Gulf of Suez, the Egyptian petroleum ministry said in a statement on Tuesday.The discovery is one of the largest in the area in the past 20 years, it said, adding…
Tidal energy technology developer Minesto said Wednesday that, based on analyzed production data and verified simulations, its utility-scale Dragon Class tidal energy kites are each projected to produce 3.5 GWh of clean electricity per year at identified sites…
Trinidad and Tobago next year plans to launch bidding rounds for onshore and shallow-water areas on top of last week's launch of an auction of 17 deepwater oil and gas blocks, the nation's energy minister told Reuters.The Caribbean country, which is among the region's top producers of natural gas…
A project worth £1.7 billion (around $2,3 billion) that includes a giant tidal energy lagoon and floating solar array has been proposed for Swansea's waterfront, in Wales, UK, by DST Innovations and a number of business partners, with support from Swansea Council and Associated British Ports…
The bounce back of Egypt’s upstream operations continues to gain momentum, attracting additional offshore-focused investments and transactions with latest reports indicating Dubai-based oil and gas company Dragon Oil has received the nod to…
Dubai-based Dragon Oil Ltd said on Monday it had completed the purchase of BP's oil concessions in Egypt's Gulf of Suez and will invest $1 billion over five years to boost and extend their production.Dragon, owned by Emirates National Oil Company (ENOC)…
New research delivered in partnership with the Oil & Gas Technology Centre (OGTC) and Robert Gordon University (RGU) has reached a milestone in understanding the psychological processes that govern technology adoption and deployment decisions…
Deepsea Yantai, a newbuild semi-submersible drilling rig destined for operations in Norway, has been launched in China.On June 12, the naming ceremony for the semi-submersible drilling rig, designed and built by CIMC Raffles, was held in Yantai Yard…
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