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Oil & Gas

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Woodside-Petronas document exchange
Oil & Gas

Woodside and Petronas formalize 15-year LNG supply deal

The Singaporean subsidiary of Australia’s energy giant Woodside and an affiliate of Malaysia’s Petroliam Nasional Berhad (PETRONAS) have finalized a sale and purchase agreement (SPA) for the supply of liquefied natural gas (LNG) from the former’s portfolio.

about 1 year ago
Rio Grande LNG terminal; Courtesy of NextDecade
Oil & Gas

$6.7 billion addition to $18.4B US LNG project approved and ready to roll

With the green light for a final investment decision (FID) on the fourth train now out of the way, Houston-headquartered NextDecade Corporation is moving full speed ahead with the expansion of the first phase of its liquefied natural gas (LNG) export project in Texas, United States. Another multibil

about 1 year ago
FPSO Jotun; Source: Vår Energi
Oil & Gas

Vår Energi optimistic about production targets as North Sea FPSO ramps up

Norwegian upstream oil and gas player Vår Energi has achieved peak production at its floating production storage and offloading (FPSO) unit working at a field in the North Sea off Norway.

about 1 year ago
Dana-operated FPSO Triton lies approximately 6 km to the northeast in the UK Central North Sea; Source: Tailwind Energy
Oil & Gas

Repairs ongoing as North Sea FPSO’s production levels drop

Serica Energy has revealed a downturn in production volumes from a floating production, storage, and offloading (FPSO) vessel, which is deployed at its North Sea asset on the UK Continental Shelf (UKCS). Things are expected to improve by month-end once the unit’s repairs are out of the way.

about 1 year ago
Illustration; Source: McDermott
Oil & Gas

‘Large’ subsea contract lands on McDermott’s desk for gas field expansion in Malaysia

U.S. offshore engineering and construction player McDermott has secured an offshore subsea contract with PTTEP Sabah Oil Limited (PTTEP) for a gas field expansion project offshore Malaysia. McDermott is in charge of the engineering, procurement, construction and installation (EPCI) services for a ca

about 1 year ago
Abaxx; LNG carrier
Oil & Gas

Trading platforms teaming up to strengthen Asian LNG market

Singapore’s Abaxx Commodity Exchange and China’s Qingdao International Energy Exchange intend to explore strategic collaboration in the physical liquefied natural gas (LNG) market.

about 1 year ago
Offshore platform
Oil & Gas

$320M project to store CO2 at Gulf of Thailand gas field gets green light

Thailand’s national oil and gas company, PTT Exploration and Production Public Company Limited (PTTEP), has reached the final investment decision (FID) on a carbon capture and storage project (CCS) at a gas field in the Gulf of Thailand.

about 1 year ago
Illustration; Source: TotalEnergies
Oil & Gas

TotalEnergies strikes decade-long Asian LNG deal with South Korea’s KOGAS

TotalEnergies has secured a multi-year liquefied natural gas (LNG) supply agreement with Korea Gas Corporation (KOGAS), South Korea’s national gas company, which is perceived to be one of the world’s largest importers of LNG.

about 1 year ago
Valaris DS-12 drillship; Source: Valaris
Oil & Gas

BP’s dash for gas: Five-well drilling campaign on Mediterranean’s horizon

BP has taken steps to expand its natural gas arsenal in the Mediterranean Sea by striking a deal with Egypt for a multi-well drilling campaign, which is expected to yield new finds that will prolong the lifespan of existing production facilities in the West Nile Delta.

about 1 year ago
Rendering of an LNG terminal at night
Oil & Gas

EQT’s LNG market momentum grows with new US supply deal

Pittsburgh-based EQT Corporation has signed a long-term sale and purchase agreement (SPA) with Commonwealth LNG, a firm controlled by the energy-focused alternative investment manager Kimmeridge, for liquefied natural gas (LNG) from the latter’s export facility under development on the Gulf Coast ne

about 1 year ago
Illustration; Source: Panoro Energy
Oil & Gas

Perenco exec becomes Panoro’s COO as oil & gas player seeks further growth

Oslo-listed independent E&P company Panoro Energy has revealed the name of its new Chief Operating Officer (COO) and President, who will assist the firm in ushering in a new era of business growth and expansion.

about 1 year ago
FPSO Polvo; Source: BW Offshore
Oil & Gas

Brazilian oil field’s story unfolds: Rig lease and multimillion-dollar financing of FPSO revamp in place

Oslo-listed oil and gas E&P player BW Energy has moved forward with its plans for an oil field in the Campos Basin off the coast of Brazil, thanks to the completion of financing for the refurbishment of a floating production, storage, and offloading (FPSO) unit and a short-term lease of a developmen

about 1 year ago
Illustration; Source: ADNOC Gas
Oil & Gas

$250M investment in sight as ADNOC Gas secures global index spot

The shares of ADNOC Gas, a subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC), are set to be included in the international equity index FTSE Emerging Index, which is part of the FTSE Russell Global Equity Index Series (GEIS).

about 1 year ago
Rio Grande LNG terminal; Courtesy of NextDecade
Oil & Gas

Gulf Coast LNG project’s Train 5 closer to FID as ConocoPhillips signs up for 20-year offtake

ConocoPhillips has struck a multi-year liquefied natural gas (LNG) deal with Houston-headquartered NextDecade Corporation, enabling the operator to secure sufficient commercial agreements for a positive final investment decision (FID) on the fifth train at its LNG export project in Texas, United Sta

about 1 year ago
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