20-year FLNG gig in South America opening doors to LNG exports’ club for Argentina

(Offshore-energy.biz) Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure Golar LNG has sealed a deal with Pan American Energy (PAE), a Latin American integrated energy company, for a multi-year use of a floating LNG (FLNG) vessel, which will leverage Argentina’s prolific natural gas resources, positioning the South American country for further LNG... Continue Reading →

July 5, 2024 0

Fulcrum LNG to Pair with McDermott, Baker Hughes for Guyana Gas Project

(Reuters) A proposed large natural gas project in Guyana by U.S. energy developer Fulcrum LNG includes partnerships with U.S. oil service company Baker Hughes and engineering firm McDermott, the country's vice president said on Thursday. Guyana's President Irfaan Ali last week said Fulcrum LNG had been chosen from among 17 companies to help Guyana develop... Continue Reading →

June 28, 2024 0

Guyana Selects Former Exxon Exec’s Firm to Engage with Exxon in Gas Project

(Reuters) A newly formed company headed by a former Exxon Mobil executive was selected to support the Guyana government and Exxon to create a new independent natural gas development in the country, Guyana's Ministry of Natural Resources said. Fulcrum LNG offered "the most comprehensive and technically sound proposal" among 17 bidders, the government said in... Continue Reading →

June 26, 2024 1

Fulcrum LNG Set to Help Guyana Develop Its Natural Gas Resources

(Reuters) U.S. firm Fulcrum LNG was selected to help Guyana develop a plan to design, finance, construct and operate a natural gas processing facility in the South American country, President Irfaan Ali said on Thursday. The company's proposal was selected from among 17 submitted to Guyana for the gas project. Fulcrum will work with Guyana... Continue Reading →

June 21, 2024 0

BP, Trinidad’s NGC Receive US License for Gas Development with Venezuela

(Reuters) British oil major BP and Trinidad and Tobago's state energy firm NGC have received a two-year license from the U.S. Treasury Department to negotiate and develop the Cocuina-Manakin gas fields with Venezuela, Trinidad's energy minister said on Wednesday. Washington last month did not renew a broad license that had allowed Venezuela to freely export... Continue Reading →

May 30, 2024 0

Argentina government unblocks key Petrobras gas shipment amid supply cuts

(Reuters) - Argentina's government, facing domestic gas shortages and targeted service cuts, said on Wednesday that it had unblocked the unloading of a key Petrobras gas shipment, which it added should stabilize local supply. Recent cold weather had already hit gas supplies in the South American country, but that worsened when the unloading of the gas shipment... Continue Reading →

May 29, 2024 0

BP, EOG Resources in Talks to Jointly Develop Trinidad Gas Field

(Reuters) Oil major BP and U.S. shale producer EOG Resources are in discussions to jointly develop a natural gas field off the coast of Trinidad and Tobago, the British company said. The field holds just under 1 trillion cubic feet (tcf) of natural gas, but will eventually be tied back to another BP discovery, bringing... Continue Reading →

May 27, 2024 0

BP Pauses Gas-Field Talks with Venezuela as License Expires

(Reuters) Oil major BP has paused discussions with Venezuela on the development of a gas project on the maritime border with Trinidad and Tobago following the expiration of a U.S. license to Venezuela in April, a company spokesperson said on Wednesday. BP this year conducted negotiations with Venezuela and Trinidad to develop the 1 trillion... Continue Reading →

May 23, 2024 0

Black & Veatch Completes Feasibility Study for Colombia’s New LNG Terminal

(OE) Black & Veatch has completed a feasibility study for the planned Andes Energy Terminal, a liquefied natural gas (LNG) regasification terminal and power plant. The study assessed site suitability, project design requirements, capital and operating costs, financial viability, financing options, climate resilience, and implementation and construction plans. Beginning with a site assessment that focused... Continue Reading →

May 13, 2024 0

Into the Deep: Offshore Production Increasingly Finds Deeper Waters

Barry Parker, Contributor (OE) Offshore energy is on a growth trajectory. Rystad Energy wrote in February 2024 that upstream oil majors were diving in to deeper waters. “Despite tightened budgets, frontier drilling is fueling optimism for a productive year, particularly deepwater projects in the Atlantic Margin, Eastern Mediterranean and Asia,” Rystad wrote, noting that “the trend... Continue Reading →

May 8, 2024 0