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July 14 (Reuters) - Shell has begun tendering for drilling services for its Dragon offshore gas project in eastern Venezuela, part of a plan to drill four wells there beginning in the second quarter of 2027, according to two people familiar with the process. The contract is expected to be awarded by the end of September, the... Continue Reading →
July 14 (offshore-energy.biz) Norway-headquartered asset integrity management company Axess Group has picked up new assignments with Golar LNG, the Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure, for two floating LNG (FLNG) units destined to be deployed at Argentina’s LNG project on the South American country’s Atlantic coast. Axess Group has been... Continue Reading →
July 10 (OE) TotalEnergies has shipped the first cargo produced by the ECA LNG Phase 1 export terminal on Mexico's Pacific coast to Asia as the facility undergoes commissioning. The company holds a 16.6% stake in the project alongside operator Sempra Infrastructure and will offtake 1.7 million tonnes per annum of LNG for 20 years... Continue Reading →
June 11 (Reuters) - Venezuela signed five agreements with British oil major Shell on Thursday to advance oil and gas projects, including the company's participation in the coveted 7-trillion-cubic-feet Loran offshore gas field, the government said. The country had signed preliminary agreements for these and other projects earlier this year with Shell, one of the few... Continue Reading →
June 2 (Reuters) - Seven U.S. states led by New York sued the Trump administration and a French energy firm on Tuesday for canceling a major offshore wind lease off the coast of New York in exchange for a pledge by the company to invest instead in fossil fuel projects. The lawsuit in the Washington,... Continue Reading →
My 28 (Reuters) Malaysia's oil and gas producer Petronas is exploring for oil at offshore Block 52 in Suriname, which was declared commercially viable for the development of natural gas late last year following large discoveries in the area, the managing director of state company Staatsolie said on Wednesday. "We hope also to somewhere in... Continue Reading →
May 20 (oilnow.gy) Trinidad and Tobago will negotiate the commercial terms for cross-border natural gas projects with Venezuela in what officials say must serve the country’s national interest, as policymakers seek to ease tightening domestic gas supply, according to a May 18 Energy Chamber of Trinidad and Tobago report. Finance Minister Davendranath Tancoo told Parliament recently... Continue Reading →
May 6 (Reuters) - Equinor missed quarterly cash-flow forecasts on Wednesday, hitting its shares even as the Norwegian oil major posted its strongest profit in three years on record output and Iran war-driven price gains. Shares in the majority state-owned group were down 7.6% at 0911 GMT, underperforming a 2% drop in European energy stocks, though... Continue Reading →
April 27 (Reuters) - President Donald Trump's administration said on Monday that it had reached a deal to end two more U.S. offshore wind leases in exchange for $885 million in pledged investments in domestic fossil fuels. The projects, one in the Atlantic and one in the Pacific, are managed by Ocean Winds, a joint... Continue Reading →
April 27 (Reuters) - Camuzzi Gas Inversora and Vitol signed a memorandum of understanding for Argentina's LNG del Plata project, the Argentine firm said on Monday, with Vitol potentially acquiring up to 100% of production and evaluating an equity investment. The project, currently wholly owned by Camuzzi, is located at the Port of La Plata... Continue Reading →
Brazil Energy Insight 