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Prinos is situated in the vicinity of Kavala NE Greece operated by Energean; Source: EnEarth

Low-Carbon Transition

$945 million sale deal for ‘high-quality’ assets on shaky ground as uncertainty abounds

Energean has spotted potential clouds that are gathering on the divestment horizon for its portfolio in Egypt, Italy, and Croatia with an enterprise value (EV) of up to $945 million, of which $820 million is firm.

about 1 year ago

Caofeidian 6-4 oilfield comprehensive adjustment project; Source: CNOOC

Low-Carbon Transition

Two more projects online as Asian giant pursues ‘green and low-carbon’ oil & gas development

CNOOC has brought on stream two oilfield projects off the coast of China, with the help of so-called intelligent technologies, which are said to unlock the doors of low-emission hydrocarbon development.

about 1 year ago

Low-Carbon Transition

$5 billion loan dusting off the cobwebs from TotalEnergies’ stalled $20B LNG project

Following a years-long hiatus, a multibillion-dollar liquefied natural gas (LNG) project off the coast of Mozambique is shaking the rust off its development by getting back on track with a loan of nearly $5 billion secured from the newly appointed board of the Export-Import Bank of the United States

about 1 year ago

Low-Carbon Transition

Halliburton secures work on Australian CCS project

U.S.-headquartered Halliburton has been awarded technical assessment work by Perth-headquartered InCapture and its joint venture partners for a carbon capture and storage (CCS) project offshore Australia, with the companies also having signed a collaboration agreement. The greenhouse gas assessment

about 1 year ago

Cargo vessel crashed into MV Stena Immaculate oil tanker off the coast of the UK; Source: Greenpeace UK

Low-Carbon Transition

With fire ‘greatly diminished,’ probe into oil tanker–cargo ship North Sea allision ongoing

A collision between a U.S.-flagged oil/product tanker and a Portuguese container ship in the North Sea, north of England, put both vessels on fire, which has since been brought under control.

about 1 year ago

FLNG mooring job for Eni's Congo LNG project; Source: GEOCEAN

Low-Carbon Transition

Unshackling Africa’s gas reserves with offshore ops to slot in floating LNG unit

The stage has been set to embark on offshore activities to put a mooring system for a floating liquefied natural gas (FLNG) unit in place off the coast of Congo, Africa.

about 1 year ago

Low-Carbon Transition

Delays in plug & abandonment work may put $5.5 billion on UK decom tab

With investor confidence taking a hit in the aftermath of political and fiscal woes, hydrocarbon exploration in a slump, and supply chain costs likely to rise, a postponement of plug and abandonment (P&A) assignments could hike the UK’s decommissioning bill by $5.5 billion.

about 1 year ago

Low-Carbon Transition

‘Energy addition’ strategy in action: US hands out extension to another LNG export project

The U.S. Department of Energy (DOE) has given its fourth blessing for a liquefied natural gas (LNG) project since the return of President Donal J. Trump to the White House, prolonging the timeline to kick off LNG exports from a terminal off the coast of Louisiana, USA.

about 1 year ago

FPSO Alexandre de Gusmão; Sourcce: SBM Offshore

Low-Carbon Transition

SBM Offshore bids welcome to its ninth FPSO in Brazilian waters (Gallery)

SBM Offshore has corroborated the arrival of a floating production, storage, and offloading (FPSO) vessel to the pre-salt layer of the Santos Basin, which will be the fifth addition to Petrobras’ huge oil field off the coast of Brazil once it flows its first oil later this year.

about 1 year ago

Rendering of Jordan Cove LNG project; Source: Jordan Cove LNG a Pembina company

Low-Carbon Transition

Controversial US energy project back in LNG game: Will its ‘rise from the ashes’ rekindle court battle?

After getting the axe at the end of 2021, a hotly contested liquefied natural gas (LNG) export terminal project and its 230-mile pipeline in Southern Oregon, USA, are coming back to the U.S. energy horizon, thanks to a first legal shot being fired to enable its revival.

about 1 year ago

The GTA hub, including a floating LNG vessel; Source: BP

Low-Carbon Transition

BP’s biggest project continues with gas production business as usual after leak

BP has participated in a helicopter flight with a team of Mauritanian and Senegalese technicians to confirm there is no residue on the surface of the sea, in the wake of a gas leak at its giant gas development off the coasts of Mauritania and Senegal.

about 1 year ago

VARD starts building Island Offshore's hybrid ocean energy construction vessel, second one to follow in July

Low-Carbon Transition

VARD starts building first Island Offshore hybrid ocean energy construction vessel, second to follow in July

Norwegian shipbuilder VARD has cut the first steel for the first hybrid power ocean energy construction vessel (OECV) it is building for compatriot shipping group Island Offshore. The steel cutting that marks the official start of construction for the first newbuild OECV, named Island Evolution, too

about 1 year ago

Keel-laying for Hull 3407; Source: Excelerate Energy

Low-Carbon Transition

FSRU hull starts taking shape with keel-laying milestone out of the way (Gallery)

A keel-laying ceremony has been held for a newbuild floating storage regasification unit (FSRU), owned by the U.S.-based Excelerate Energy.

about 1 year ago

Denmark: TotalEnergies, Mitsui and CarbonCuts in the run for CO2 storage in coastal areas

Low-Carbon Transition

Denmark: TotalEnergies, Mitsui and CarbonCuts in the run for coastal CO2 storage permits

The Danish Energy Agency has received two applications in the tender for permits to explore and use the subsurface for CO2 storage in three coastal areas in Denmark, launched at the beginning of 2025. The tender, opened on January 9, covers three areas near the Danish coast – Jammerbugt, Lisa and In

about 1 year ago