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Dutch metal construction company HSM Offshore has won a contract to build the first electrified ONE-Dyas N05-A gas production platform in the North Sea which will run entirely on offshore wind power. The N05-A project is part of the so-called GEMS area, an area approximately 20 to 80 kilometres north of the Ems estuary. ONE-Dyas,... Continue Reading →
Mexican state oil company Pemex expects a key offshore natural gas field located in the deepwater Gulf of Mexico will add significant output after inking a service contract on Monday, part of a push to grow local output while reducing imports. Pemex announced in a statement that the deepwater Lakach field will pump 300 million... Continue Reading →
(OP) LNG exports are already outpacing U.S. exports to Mexico—compared to lower-than-Mexico exports five years ago. Next year, U.S. LNG exports are set to further increase from the current around 11 billion cubic feet per day (Bcf/d), and to continue growing all the way through 2033, nearly tripling to reach 29 Bcf/d, according to WoodMac.... Continue Reading →
(Reuters) - Under pressure to increase production, Mexico's state oil company Pemex has risked fines for violations that cause environmental damage rather than delay output to fix the underlying issues, according to two senior company sources. The decision by Pemex to opt for fines instead of repairs represents a major blow to the oil regulator's... Continue Reading →
(Reuters) - U.S. company New Fortress Energy (NFE.O) expects to sign an agreement next week with the Mexican government for the development of a liquefied natural gas (LNG) project associated with Mexico's Lakach offshore gas field, a company executive said on Wednesday. A $1.79 billion project by state company Petroleos Mexicanos to develop the once-abandoned Lakach deepwater... Continue Reading →
Trinidad and Tobago's Cabinet will make a decision soon on bids submitted for four deepwater exploration blocks that are key to expanding its natural gas production, Energy Minister Stuart Young said. The Caribbean country earlier this year offered 17 blocks off the northern and eastern coasts in a competitive auction that attracted only four bids... Continue Reading →
(Reuters) Siemens Energy on Wednesday reported a record order backlog of nearly 100 billion euros ($104 billion), boosting its shares and overshadowing a widening net loss blamed on its struggling wind turbine division, Siemens Gamesa. Siemens Energy - which provides services and equipment to the power sector, such as gas and wind turbines - said... Continue Reading →
(OE) The Italian oil and gas company Eni, the operator of the the Coral South project offshore Mozambique, said Monday that the first shipment of LNG produced from the Coral gas field, in the ultra-deep waters of the Rovuma Basin, had departed from the Coral Sul FLNG facility. The Coral Sul is Mozambique's first LNG project... Continue Reading →
(TN) Eneva, an integrated energy company, which operates from the exploration and production (E&P) of natural gas to the supply of customized solutions, closed the third quarter of 2022 with a net profit of R$ 237 million, 61.4% higher than that recorded in the second quarter of this year. Adjusted EBITDA, of R$598 million, represented... Continue Reading →
(Reuters) In late 2016, to avoid racking up fines for burning too much natural gas, Mexico's state oil company Pemex struck a deal with the regulator to invest over $3 billion to fix its flaring problem at its most productive set of oil fields. But five years on, the little-publicized project has been abandoned, according... Continue Reading →
Brazil Energy Insight 