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Oct. 5 (offshore-energy.biz) U.S.-headquartered energy technology giant Baker Hughes has teamed up with PDVSA, Lindsayca, and Fulcrum LNG in a strategic alliance aimed at overhauling Venezuela’s natural gas infrastructure and establishing the nation's very first liquefied natural gas (LNG) export capabilities. The company has signed a new agreement with PDVSA, Lindsayca, and Fulcrum LNG that... Continue Reading →
Sept. 29 (offshore-energy.biz) As global energy markets continue to navigate the volatility, long-term commitments are becoming the ultimate currency, which U.S.-headquartered energy player Cheniere Energy’s liquefied natural gas (LNG) deal with Brazil’s state-owned Petrobras hammers home, as it binds U.S. Gulf Coast liquefaction terminals to Brazil’s energy grid for more than two decades. Cheniere Energy’s... Continue Reading →
Aug. 27 (oilprice.com) The Trump administration is reportedly in active discussions with Venezuela’s interim government to acquire a direct U.S. ownership stake in key Venezuelan oil fields. According to senior U.S. officials cited by Axios, the talks involve equity stakes in a select group of high-yield fields containing approximately 90 billion barrels of proven crude—a transaction... Continue Reading →
Aug. 25 (Reuters) British oil major Shell has shelved its Aphrodite offshore gas project in Trinidad and Tobago after disagreements over commercial terms with Trinidad's National Gas Company, three people familiar with the decision said on Monday. Shell had given the project a positive final investment decision last year, but it has decided for now... Continue Reading →
July 30 (Reuters) Shell's net profit more than doubled from last year to $9.84 billion in the second quarter, beating expectations, helped by higher energy prices and increased market volatility during the Middle East conflict. Higher oil and gas prices, stronger liquefied natural gas (LNG) and oil trading and improved chemicals margins helped support the... Continue Reading →
July 29 - Petrobras second quarter of 2026 production of oil and natural gas reached a record 3.34 million barrels of oil equivalent per day (boed)—up 14.1% from the same quarter last year and 3.4% from the first quarter of 2026. This growth was driven primarily by increased operational efficiency and the production ramp-up of... Continue Reading →
July 14 (offshore-energy.biz) Norway-headquartered asset integrity management company Axess Group has picked up new assignments with Golar LNG, the Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure, for two floating LNG (FLNG) units destined to be deployed at Argentina’s LNG project on the South American country’s Atlantic coast. Axess Group has been... Continue Reading →
July 8 (PN) Equinor has completed the installation of the PLEM (Pipeline End Manifold) for the Raia project at a depth of approximately 2,700 meters in the Campos Basin. This subsea equipment connects the FPSO risers to the pipeline that will transport natural gas to shore. The Raia pipeline will span approximately 200 kilometers, linking... Continue Reading →
May 13 (Reuters) - Argentina's economy ministry has approved Transportadora de Gas del Sur's application to enter the RIGI large-investment incentive scheme for a $550 million expansion of the Perito Moreno gas pipeline, the company said on Wednesday. The approval covers a project to expand Section I of the pipeline and add 14 million cubic meters... Continue Reading →
May 1 (Reuters) - Chevron exceeded Wall Street estimates for its first-quarter earnings on Friday, as elevated oil prices linked to the U.S.-Israeli war on Iran helped boost results from its upstream business. The company reported adjusted earnings of $1.41 per share, well above the consensus estimate of 95 cents, according to data compiled by LSEG.... Continue Reading →
