Oil executives worried over lack of essential element for Venezuela expansion: power

 Sept 30 (Reuters) - Executives gathered ​in Caracas this week for the first large energy conference since Washington launched a $100 billion reconstruction effort for Venezuela's ‌oil industry are warning about slow progress to clear the biggest obstacle for their expansion projects: unreliable power. With an unresolved electricity deficit of more than 1,500 megawatts (MW),... Continue Reading →

22-year Cheniere-Petrobras LNG pact expands energy bridge between North and South America

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 →

SBM Offshore Taps Chinese Contractor for FPSO Topside Modules

Sept. 29 (OE) China-based BOMESC Offshore Engineering's wholly owned subsidiary Tianjin BOMESC has signed a contract with SBM Offshore for the design, procurement and construction of topside modules for a floating production, storage and offloading (FPSO) destined for South America. Tianjin BOMESC Offshore Engineering will build the modules at the company's Lingang Offshore Heavy Industry... Continue Reading →

Blog at WordPress.com.

Up ↑