World Oil (WO) – Woodside has made a final investment decision to develop the large, high-quality Trion oil field in Mexico. First oil is targeted for 2028. Woodside is the operator with a 60% participating interest and PEMEX Exploración y Producción (PEMEX) holds the remaining 40%. The forecast total capital expenditure is $7.2 billion with the development expected to
World Oil (WO) — Garrison Energy Holdings, an oil and gas exploration and production company based in Midland, Texas, announced its launch and ongoing pursuit of acquisition opportunities focused on the Permian basin following a $500 million line of equity financing from an institutional investor and the company’s management team and employees. Garrison intends to develop a scaled oil and
World Oil (WO) — Technip Energies won a contract award from ExxonMobil for front-end engineering and design (FEED) for the world’s largest low-carbon hydrogen production facility. The low-carbon hydrogen, ammonia and carbon capture facility in Baytown, Texas, will produce 1 billion ft. of low-carbon hydrogen per day. It will also capture over 98% of related CO2 emissions, which is around
CNBC German energy firm RWE is to invest in a pilot project centered around the deployment of floating solar technology in the North Sea, as part of a wider collaboration focused on the development of “floating solar parks.” Set to be installed in waters off Ostend, Belgium, the pilot, called Merganser, will have a capacity of 0.5 megawatt peak, or MWp. In
World Oil TotalEnergies has been named a winner by the Bureau of Ocean Energy Management of maritime lease area OCS-A 0545 in the United States, as part of the Carolina Long Bay auction held on Wednesday. This bid for the development of an offshore wind farm in the Carolina Long Bay area offshore North Carolina was won for a consideration
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