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Technip Energies, Université Gustave Eiffel, Valeco and OPEN-C Foundation Selected for French Floating Wind Project PAREF

Oil & Gas‚ Oil and Gas Industry | intent | July 4, 2024 | Comment off

Technip Energies (PARIS:TE) in partnership with Université Gustave Eiffel, Valeco, and OPEN-C Foundation, will be leading the PAREF project, an R&D program aimed at accelerating industrial-scale development of floating wind. This project is funded by the French State as part of France 2030 operated by ADEME. It aims to design, fabricate, and test a reusable anchoring system, high and low connectors, and tendons for a tension line system, all while minimizing the impact on the marine environment in real offshore conditions.

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Kurdistan’s Oil Independence Dream Just Got Shattered

Energy‚ Oil & Gas | intent | July 3, 2024 | Comment off

IOCs active in Iraqi Kurdistan finally yielded to Baghdad’s calls for oil sales to be handled by SOMO.
For China, a fractious independent Kurdistan with strong former ties to the U.S. would make the administration of Iraq’s oil and gas sector much more difficult.
Despite controlling Iraqi Kurdistan’s oil sector post-2017 independence vote, Russia prefers to work with Baghdad’s central government.

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China Sets Out To Develop More Local Oil, Gas

Oil & Gas‚ Oil and Gas Industry | intent | July 3, 2024 | Comment off

A new Chinese umbrella company grouping all the state majors will drill for ultradeep oil and gas, and explore shale formations in China.
China produced 4.2 million barrels daily in 2023.
Unconventional resources have long been a focus of attention for China’s state oil and gas majors, but developing them has been a challenge.

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