TotalEnergies has signed four Production Sharing Contracts (PSC) for the LB-6, LB-11, LB-17 and LB-29 Exploration blocks offshore Liberia, which were awarded following the 2024 Direct Negotiation Licensing Round organized by the Liberia Petroleum Regulatory Agency.The blocks LB-6, LB-11, LB-17 and LB-29, covering an area of approximately 12,700 square kilometers, are located in the south...
Category: International
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Guyana found huge oil reserves 10 years ago, so why are most people still poor?
With a ‘one-sided’ deal handing vast profits to the world’s top oil firms, many Guyanese ask when the energy bonanza will benefit them.On 18 July, the International Chamber of Commerce approved the attempt by the US energy multinational Chevron to replace Hess Oil as a stakeholder in one of the world’s largest offshore oilfields, Guyana’s...
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France sets new world record by keeping a fusion reactor running for 22 minutes
France’s WEST tokamak held a hot plasma for 1,337 seconds, a little over 22 minutes. That performance matters because long, steady plasma operation is a core requirement for future nuclear fusion power plants.The run also edged past the mark set weeks earlier by China’s EAST, improving the duration by about 25 percent.The run also edged...
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Germany Unveils Long-Lasting Salt-Air Battery for Clean Energy Storage
German engineers have developed a groundbreaking salt-and-air battery capable of lasting for decades while storing renewable power without relying on lithium or harmful metals. This innovation directly addresses one of the green transition’s toughest challenges: storing solar and wind energy during periods when the sun isn’t shining and the wind isn’t blowing. The technology relies...
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UK and US unveil nuclear energy deal ahead of Trump visit
The UK and US are set to sign an agreement focused on accelerating the development of nuclear power. The agreement aims to generate thousands of jobs and strengthen Britain’s energy security. It is expected to be signed off during US President Donald Trump’s state visit this week, with both sides hoping it will unlock billions...
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World’s first sodium-ion portable power station unveiled, offers 1,500-watt power
Bluetti unveils the world’s first sodium-ion portable power station, built for extreme cold.Chinese energy storage and portable power system maker Bluetti has unveiled what it calls the “world’s first” sodium-ion portable power station. Called the Pioneer Na, the system will be available for purchase globally from around mid-October 2025. First unveiled at the Innovation for...
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ExxonMobil awards major Guyana vessels contract
Netherlands-based services provider Smit Lamnalco has been awarded a significant multi-year contract by US supermajor ExxonMobil to provide offshore terminal support services, including four newbuild vessels, for work in the Stabroek block offshore Guyana. Smit Lamnalco, which is 100% owned by Dutch contractor Boskalis following a deal closed last year, said it will supply four...
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Goodbye to NEOM — Saudi Arabia unveils biggest Hydrogen City in history with 400,000 tons annually
Saudi Arabia recently announced its intention to build a massive green hydrogen plant in Yanbu, a project that will be nearly twice the size of the NEOM green hydrogen facility, with the potential to produce 400,000 tons of green hydrogen annually. This move is a component of Saudi Arabia’s broader strategy to become a global...
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Ukraine strikes key Russian oil terminal in massive drone attack
But Russian newspaper Moskovskij Komsomolets warned this week that petrol supplies were “near critical”, with drivers in far eastern Russia reporting kilometre-long queues, rationing and soaring prices. Strikes have also hit the Druzhba pipeline, disrupting exports to Hungary and Slovakia – potentially cutting off a key source of foreign currency for Russia. Moscow has intensified...
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Total Energies eyes expansion in Namibia beyond Venus project
TotalEnergies Chief Executive Officer Patrick Pouyanné says the company is looking to grow its footprint in Namibia’s oil sector beyond the Venus project, even as the deepwater discovery remains the group’s top priority. Venus today is a priority, but it’s clear that TotalEnergies is willing to use Venus as a base to try to move...