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(Reuters) Portuguese oil and gas company Galp Energia reported a 16% increase in adjusted third-quarter profit on Monday, thanks to soaring oil prices and a near-doubling of its refining margin. Oil and gas companies around the world received a boost after Russia's invasion of Ukraine sent energy prices soaring just as demand was rapidly recovering... Continue Reading →
(Reuters) Mozambique expects to ship its first liquefied natural gas (LNG) exports to Europe from the Eni-operated Coral Sul floating plant later this month or early November, petroleum regulator INP said on Friday in a supply boost for the energy-starved region. BP's LNG tanker, British Sponsor, has already arrived offshore northern Mozambique, said Welligence Energy Analytics in... Continue Reading →
(Forbes) Siemens Gamesa has started to install a new generation of more powerful machines for onshore wind energy in Brazil, in an important step to increase its competitiveness in a key market for the manufacturer and position itself for the development of the country's offshore wind market, according to a company executive. Brazil will be... Continue Reading →
(Reuters) - Private equity fund Carlyle Group (CG.O) is preparing to launch the sale of its Gabon-focused oil and gas producer Assala Energy, hoping to raise over $1 billion amid high global energy prices, industry sources said. Carlyle International Energy Partners, the fund's energy arm, first invested in Assala in 2017 when it acquired Shell's (SHEL.L) operations in Gabon... Continue Reading →
(Reuters) - The Democratic Republic of Congo is in talks with oil companies over around $160 million in back payments in a bid to avoid nation-wide fuel shortages that hit the country in September, the government said on Monday. Long queues formed at gas stations in major cities earlier this year as stocks dwindled -... Continue Reading →
(RE) A vast network of long-distance shipping and pipeline routes will be built by 2050 for the trading of just over 60% of the world’s hydrogen supply, according to a new report by Hydrogen Council and the consulting firm McKinsey. In a “cost-optimal world”, half of the 400 million tonnes of H2 they expect to be... Continue Reading →
(Reuters) - African countries will use the COP27 climate talks in Egypt next month to advocate for a common energy position that sees fossil fuels as necessary to expanding economies and electricity access, the continent's top energy official said on Tuesday. The African position, criticised by environmental groups, could overshadow global climate talks in Sharm... Continue Reading →
(OE) The Island Innovator semi-submersible drilling rig has arrived on Block 2B offshore South Africa, and is set to start operations on the Gazania-1 exploration well. The Gazania-1 exploration well is being drilled in approximately 150 meters of water and is located 25 kilometres offshore the Northern Cape in the Orange Basin. The Orange Basin... Continue Reading →
Norwegian offshore vessel owner Solstad Offshore has been awarded a new contract offshore Brazil for one of its platform supply vessels (PSVs). Solstad Offshore informed on Monday that PSV Normand Titus has been booked by Trident Energy do Brasil for work in Brazilian waters, where Trident operates and owns 100 per cent working interest in ten concessions. The... Continue Reading →
Oilfield services firm Baker Hughes said Friday it had secured a new service contract for maintenance and monitoring of turbomachinery equipment operations at Coral Sul FLNG, the first deepwater floating liquefied natural gas (LNG) unit operating off the coast of Mozambique on the Eni-led Coral South project. The contract also includes a provision of resident... Continue Reading →
