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Sept. 10 (offshore-energy.biz) China-based provider of clean energy services Wison New Energies (WNE) has joined forces with Siemens Energy to embark on a new chapter of cooperation in sustainable offshore energy development, primarily within floating liquefied natural gas (FLNG) and floating production, storage, and offloading (FPSO) projects. Thanks to a strategic memorandum of understanding (MoU),... Continue Reading →
Sept. 4 (Reuters) Azule Energy, the joint venture between Italian oil and gas explorer Eni and BP, expects to invest another $5 billion in Angola over the next four to five years, Eni's Chief Operating Officer Guido Brusco told Reuters on Wednesday. The latest investment in both new and existing projects will match investments in... Continue Reading →
Aug. 27 (OE) Seatrium has secured a contract from Golar Hilli Corporation, a subsidiary of Golar LNG, to perform the upgrading of floating liquefied natural gas (FLNG) unit Hilli Episeyo. Scheduled to enter the yard in the third quarter of 2026, the project involves technical modifications for FLNG Hilli Episeyo’s redeployment. The scope of work... Continue Reading →
Aug.14 (OE) Golar LNG Limited cemented its position as one of the most active players in the floating LNG (FLNG) market, announcing Q2 2025 results alongside major long-term contracts that add $13.7 billion to its Adjusted EBITDA backlog. The new deals—both with Argentina’s Southern Energy S.A. (SESA)—cover redeployment of the FLNG Hilli and the company’s... Continue Reading →
(OE) Southern Energy S.A. (SESA), a company formed to enable LNG exports from Argentina, has reached final investment decision (FID) for the charter of 3.5MTPA MK II floating LNG (FLNG) from Golar LNG. The key commercial terms for the 20-year charter agreement include net charter hire to Golar of $400 million per year, plus a... Continue Reading →
July 31 (Reuters) - Shell's second-quarter net profit tumbled by almost a third on Thursday, dragged down by a drop in oil prices, lower gas trading results and outage-related losses from its chemicals operations, but it still easily beat analysts' forecasts. The oil major, meanwhile, said it would maintain the pace of its share buyback programme... Continue Reading →
July 23 (Reuters) - Europe's gas market could tighten further ahead of the winter season as storage levels remain well below last year and the continent faces competition from Asia for LNG shipments, the CEO of Norway's Equinor told Reuters on Wednesday. Europe's biggest gas producer said the prospect of a rebound in pipeline gas... Continue Reading →
(Reuters) Portugal's Galp Energia on Monday raised its core profit target for the full year after a better-than-expected performance in the second quarter and said it expects to find a partner to develop a promising oil discovery offshore Namibia. Shares were up 2.5% in Monday mid-morning trading. Galp raised its target for adjusted earnings before... Continue Reading →
(Reuters) - Soaring oil and gas production from Argentina's Vaca Muerta shale formation in the first quarter of 2025 is fueling the nation's push for energy self-sufficiency and ambitious plans to become an important liquefied natural gas exporter, Rystad Energy analysts said on Tuesday. Vaca Muerta, a vast unconventional oil reserve, is pivotal for Argentina... Continue Reading →
Eni and Argentina's energy company YPF have signed an agreement for the Argentina LNG (ARGLNG) project. The agreement defines the required steps to reach the final investment decision for the phase of the project that includes the production, treatment, transportation and liquefaction installations of gas through floating units, for a total capacity of 12 million... Continue Reading →
Brazil Energy Insight 