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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 →
(Reuters) Energy producer Shell has made a positive final investment decision on its Aphrodite gas project offshore Trinidad and Tobago, the company said on Tuesday. The project is expected to produce first gas in 2027 and have a peak production of 18,400 barrels of oil equivalent per day, it added in a release. Shell is... Continue Reading →
(Reuters) Oil giant Shell will pull out of three offshore gas projects in Colombia's Caribbean, it owns together with Colombia's state-run oil company Ecopetrol, the groups said on Thursday. Shell had acquired a 50% operating stake in Col 5, Purple Angel and Fuerte Sur deepwater blocs in 2020. "They no longer fit our strategic ambitions.... Continue Reading →
(Reuters) - U.S. oilfield service provider Baker Hughes on Wednesday forecast steeper drops in spending by global oil producers as tariffs dent demand expectations and push down prices for crude. Baker Hughes echoed rival Halliburton's concerns on Tuesday, that weak oil prices could push down oilfield activity in North America. Houston-based Baker Hughes, which reported better-than-expected first-quarter profit on Tuesday,... Continue Reading →
Brazil Energy Insight 