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BP’s subsidiary, bp Trinidad and Tobago (bpTT), has started production from its Cassia Compression (Cassia C) development project offshore Trinidad and Tobago. Located 57 kilometres off the southeast coast of Trinidad, the Cassia C platform is BP’s 16th offshore facility in Trinidad and Tobago. The first gas from the facility was previously expected in 3Q 2021 but the... Continue Reading →
(OET) In the aftermath of COP27, which took place against the backdrop of the first true global energy crisis, many argued that little progress was made on the phasing out of fossil fuels. This was justified by the need to strengthen energy security, protect consumers at the pump, and avoid a global recession. In light... Continue Reading →
(Reuters) Exxon Mobil Corp will wind down oil production in Equatorial Guinea and leave the West African country after its license expires in 2026, two sources close to the matter told Reuters. The departure reflects a wider move by major oil producers to reduce crude production in West Africa and shift investments to lower-carbon natural... Continue Reading →
(Reuters) - Mexican state power utility CFE has signed an agreement with French energy company Engie to develop terms and requirements to expand the Mayakan gas pipeline in the Yucatan Peninsula, CFE said in a statement Monday. Representatives for the two parties met on Nov. 23, CFE said. The Mayakan pipeline spans some 800 km... Continue Reading →
(Reuters) - Argentina's Economy minister Sergio Massa said on Thursday that the government was readying a liquefied natural gas (LNG) bill to send to Congress in the coming months, amid a push to create a major gas export sector in the country. The bill aims to spur the multi-billion-dollar investments needed to exploit Argentina's massive... Continue Reading →
(Reuters) - Geneva-based energy trader Gunvor Group has widened its executive committee to 14 people including its chief executive, reflecting the growing importance of gas trading for the firm, the company’s website showed on Thursday. The new members are Benoit Roulon, the new global head of crude oil trading; Richard Brockmeyer, head of North American... Continue Reading →
Italy’s oil and gas giant Eni has engaged in talks during the inauguration ceremony for the Coral-Sul floating LNG (FLNG) facility to contemplate the possibility of additional FLNG projects off Mozambique. Eni disclosed on Wednesday that its representatives discussed the possibility of replicating the success of the Coral South project with further FLNG development – as well... Continue Reading →
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 →
Brazil Energy Insight 