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(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 →
(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 →
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 →
(Reuters) - Shell (SHEL.L), opens new tab reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas production rose. The company said it will buy back a further $3.5 billion of its shares over the next three months, at a similar... Continue Reading →
(Reuters) - Equinor (EQNR.OL), opens new tab posted a sharp fall in first-quarter profit on Thursday, hit by tumbling natural gas prices in Europe, though strong energy trading and rising output limited the decline. The Norwegian oil and gas producer's adjusted earnings before tax for January-March fell almost 37% to $7.53 billion but beat the $7.2 billion... Continue Reading →
(Reuters) BP is close to an agreement to sell some of its Trinidad and Tobago oil and gas assets to Anglo-French oil company Perenco, according to three people familiar with the talks. BP is Trinidad and Tobago's largest natural gas producer with an output of just over 1.3 billion cubic feet per day (bcfd), most... Continue Reading →
(Reuters) - A promising area off Colombia's coast where Brazil state-run Petrobras (PETR4.SA), opens new tab is drilling this year could justify a large project to supply natural gas to the Andean country and for exports, Petrobras' head of exploration and production said on Wednesday. As oil production in Brazil's prolific presalt region is set to plateau... Continue Reading →
(Reuters) - Suriname's state-owned oil company Staatsolie has begun talks with oil majors Exxon Mobil (XOM.N), opens new tab and TotalEnergies (TTEF.PA), opens new tab to encourage joint development of natural gas fields that straddle its and Guyana's maritime borders, the head of its state oil firm told Reuters late Tuesday. The early-stage discussions are part of Suriname's efforts... Continue Reading →
(Reuters) - BP PLC (BP.L), opens new tab said on Thursday it was in talks with the Venezuela and Trinidad and Tobago governments to develop a gas field. BP has been seeking to increase its natural gas production in Trinidad to feed into Atlantic LNG's liquefied natural gas export facility. BP's gas output has fallen in the... Continue Reading →
(Offshore-energy.biz) U.S. energy infrastructure player New Fortress Energy (NFE) has kicked off operations at its liquefied natural gas (LNG) import terminal in Santa Catarina, Brazil, following the arrival of a floating storage and regasification unit (FSRU). According to New Fortress Energy, the Terminal Gas Sul (TGS) LNG terminal in Santa Catarina has now become operational. This occurred after the... Continue Reading →
Brazil Energy Insight 