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(Reuters) - Mexican state energy company Pemex and U.S. liquefied natural gas (LNG) company New Fortress Energy (NFE.O) have terminated a deal to develop potentially the country's first deepwater natural gas project that was signed a year ago, two sources with direct knowledge of the matter said. Now Pemex wants to continue with the development of the Lakach... Continue Reading →
Oil and gas company Kosmos Energy said Monday it had increased its working interest to 90% and assumed operatorship of the "world-scale " Yakaar-Teranga gas discoveries offshore Senegal. The increase in working interest follows BP’s exit from the field. According to Kosmos Energy, Yakaar-Teranga is one of the world’s largest gas discoveries in recent years... Continue Reading →
(Reuters) - Liquefied natural gas (LNG) developer New Fortress Energy (NFE.O) said on Monday it has signed a deal to charter a floating storage and regasification unit (FSRU) from Brazil's Petrobras (PETR4.SA) starting in December. The company said FSRU Energos Winter will be immediately deployed to Terminal Gas Sul (TGS), New Fortress' newest LNG import terminal in Santa Catarina,... Continue Reading →
The U.S. Department of Energy (DOE) has warned New Fortress Energy if any portion of its Altamira floating liquefied natural gas (LNG) project is located onshore Mexico, the company will have to resubmit its application for an export permit. New Fortress's $1.3 billion Altamira LNG project was expected to start shipping the superchilled gas this... Continue Reading →
(Reuters) U.S. oilfield technology firm Baker Hughes beat third-quarter profit estimates on Wednesday, driven by strong demand for its services and equipment in international markets. Energy firms booked record profits last year following a spike in commodity prices and have looked to invest these to boost production and find new deposits. The move benefited companies... Continue Reading →
(Reuters) The United States has granted an amendment requested by the government of Trinidad and Tobago to a license allowing the joint development of an offshore gas project with Venezuela, the Caribbean country's Energy Minister Stuart Young said on Tuesday. The amendment would allow payments in hard currency or in kind to Venezuela for any gas supplied by state-run... Continue Reading →
(Reuters) Angola's largest private oil and gas company Azule Energy plans to raise production by around 14% to 250,000 barrels per day (bpd) by 2026, its CEO said on Thursday, in a boost to the country's plans to turn around flagging output. Azule Energy, a 50/50 joint venture between Eni and BP formed last year when the... Continue Reading →
(Reuters) Italy's Eni hopes to reach a final investment decision on its second floating liquefied natural gas (LNG) project in Mozambique by the end of June next year, two sources directly involved with the project said on Tuesday. Its first LNG project - called Coral Sul - made the impoverished African country a global producer... Continue Reading →
(OE) Offshore development of new gas assets has been identified as a key piece to Colombia’s long-term energy security, but significant challenges remain. The size, production capability, and required infrastructure investments all make the situation uncertain, energy industry intelligence group Wood Mackenzie has found. According to Wood Mackenzie, the development of recent offshore gas discoveries... Continue Reading →
(Reuters) The last major piece of infrastructure needed to start production at Mexico's first floating liquefied natural gas (LNG) plant is set to depart from a Texas shipyard next week, the U.S. Coast Guard said in a notice to shippers. LNG developer New Fortress Energy is planning to begin production at the 1.4-million-tons-per-year floating plant... Continue Reading →
Brazil Energy Insight 