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(OE) UK engineering company Wood has secured a contract from HD Hyundai Heavy Industries for detailed engineering of the topsides facilities on Woodside Energy's Trion floating production unit (FPU) in the Gulf of Mexico. When complete, Trion will have a production capacity of 100,000 barrels per day and connect to a 950,000 barrel capacity floating... Continue Reading →
(OET) Norwegian owner and operator of LNG carriers and FSRUs Höegh LNG has extended and expanded its services to LNG import terminal Sociedad Portuaria el Cayao (SPEC LNG) in Cartagena, Colombia. Höegh LNG said the agreement with SPEC enables continuity and increase of energy supply through at least 2031, with both companies remaining committed to... Continue Reading →
(Reuters) U.S. liquefied natural gas exports hit monthly and annual record highs in December, tanker tracking data showed, with analysts saying it positioned the United States to leapfrog Qatar and Australia to become the largest exporter of LNG in 2023. The U.S. was the stand out in global LNG supply growth in 2023, said Alex... Continue Reading →
(OET) With energy security running the show, multiple new oil and gas projects were sanctioned throughout 2023. Among the top eight are the ones operated by TotalEnergies, Shell, ExxonMobil, Equinor, Woodside, OMV Petrom, and ADNOC. The year, which is now behind us, kicked off with an announcement from TotalEnergies and its partners, Shell and Repsol... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that together with Equinor Energy do Brasil Ltda. (Equinor) signed the contracts for the Campos Basin Integrated Natural Gas Flow System (SIE-BC) and access to the Cabiúnas Gas Treatment Unit (UTGCAB). With the signing of these contracts, Equinor will be able to transport natural gas from the Roncador field,... Continue Reading →
(OET) The oil and gas industry is always on the lookout for ways to boost production levels at offshore fields and gain access to stranded and untapped reserves that are not easy to bring online. Electrification of subsea production systems (SPS) offers the solution to these long-standing issues and constraints while also enabling decarbonization and... Continue Reading →
(Reuters) - Engie Brasil (EGIE3.SA) said on Thursday it had reached a deal to sell a 15% stake in natural gas pipeline firm TAG to Canadian investment fund Caisse de Depot et Placement du Quebec (CDPQ) for 3.1 billion reais ($641 million). CDPQ, Canada's No.2 pension fund manager with C$424 billion ($320.60 billion) under management, will raise... Continue Reading →
(WO) – NG Energy International Corp., along with its partners Olympo and Duemav in the Maria Conchita Block and with Clean Energy and Oleum in the SN9 Block, increased reserves at both Maria Conchita and Sinu-9 as part of an updated independent analysis by Sproule International Limited. The updated reserves and resources incorporate the recently... Continue Reading →
(OE) Italian oil giant Eni has started the introduction of gas into the Tango floating liquefied natural gas (FLNG) unit moored in Congolese waters. Gas introduction has been achieved in record time - only twelve months after the final investment decision, according to Eni. Following completion of the commissioning phase, Tango FLNG will produce its... Continue Reading →
(OET) U.S. energy company New Fortress Energy (NFE) has signed a definitive agreement to acquire a 1.6 GW capacity reserve contract (PortoCem PPA) from Ceiba Energy that will be transferred to new power assets connected to NFE’s existing LNG terminals in Brazil, enabling NFE to become “leading LNG-to-power company” in the country. According to NFE, the... Continue Reading →
