Aside from European gas prices being down 45%, Wood Mackenzie’s forecast indicates that flat global demand is on the horizon this year.
Shell has taken a final investment decision (FID) to develop a gas field in the UK sector of the North Sea.
The Australian government’s consultation paper aims to come to grips with a brewing cauldron of uncertainty surrounding the offshore regulatory approvals system.
Norway’s Ministry of Petroleum and Energy has offered 62 production licenses to 24 companies for further exploration activity on the NCS.
Following the divestment, the oil major plans to turn all its attention to deepwater and integrated gas businesses in Nigeria.
Houston-based Talos Energy has set the wheels into motion to get its hands on QuarterNorth Energy, a privately-held U.S. Gulf of Mexico firm.
Vår Energi has secured a drilling permit to drill a wildcat well in the North Sea, using one of the Odfjell Drilling-managed semi-sub rigs.
Santos has won a court case, which enables it to continue with its planned work on the Barossa gas field development project offshore Australia.
Beacon Offshore Energy has confirmed a final investment decision (FID) for the development of an oil discovery in the U.S. Gulf of Mexico.
Fairway Methanol, a U.S.-based 50-50 joint venture (JV) between Japan’s Mitsui & Co. and U.S. Celanese Corporation, has begun the production of methanol by using carbon dioxide (CO2) emitted from plants surrounding the venture’s facility. According to Mitsui, Fairway Methanol is expected to capture
Williams has enriched its natural gas storage capabilities by putting the finishing touches on an acquisition of six Gulf Coast assets.
Recent events in the Red Sea have added fuel to the growing fears about the possibility of a wider conflict breaking out across the Middle East, prompting further concerns over oil flows, supply chains, and energy prices in the region and beyond.
Black & Veatch’s President of Asia Pacific and India spotlighted accelerated LNG production as a critical piece of the decarbonization puzzle.
Rosetti Marino has bid goodbye to a new jacket and topside, which embarked on a trip to their final destination to be installed at TotalEnergies’ gas project off the coast of Terra del Fuego in southern Argentina.
