The United States has issued an amendment to the license granted to the government of Trinidad and Tobago allowing the joint development of an offshore gas project with Venezuela. Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart R. Young reported that the Office of Foreign Asset
Brazilian state-owned oil and gas giant Petrobras has broken its quarterly record of operated oil and gas production in the third quarter of this year, reaching 3.98 million barrels of oil equivalent (boe) per day, 7.8% above the previous quarter. Petrobras also reported that it had reached a monthl
Dana Petroleum, the UK subsidiary of Korea National Oil Corporation (KNOC), has discovered high-quality gas in the North Sea through exploratory drilling in the 42/27 exploration block. Dana Petroleum acquired a 50% stake in block 42/27 in the southern North Sea through international bidding in 2020
UK-based developer of clean energy technology Ceres and Norwegian provider of clean power systems for ocean industries Alma Clean Power have joined forces to work on the demonstration of a solid oxide fuel cell (SOFC) system for the marine market.
Italian cabling giant Prysmian has completed the manufacturing of cables for the submarine power interconnection between Egypt and Saudi Arabia – the first-ever large-scale link between the Middle East and North Africa. Prysmian secured the contract worth about €221 million with the Egyptian Electri
Houston-based oil and gas company Marathon Oil has entered into an LNG sales agreement with Glencore for the Alba field in Equatorial Guinea, effective from next year. Through its wholly-owned subsidiaries, Marathon Oil entered into a five-year firm LNG sales agreement with Glencore Energy UK for a
Brazilian state-owned oil and gas giant Petrobras has awarded compatriot offshore oil and gas services provider Ocyan with a contract to carry out the revitalization of a network of gas pipelines in the Campos Basin. The contract, valued at approximately $317.49 million, is expected to last four and
Taihan Cable and Solution has been selected as the preferred supplier of submarine cables for the Anma offshore wind farm in South Korea. On October 4, 2023, Taihan signed a preferred supplier agreement with Anma Offshore Wind. Under the agreement, the South Korean company is responsible for supplyi
Energy company Statkraft has joined counterpart Aker Horizons as a partner on the large-scale green hydrogen and ammonia project in Narvik, Norway. The Narvik plant has a planned capacity of up to 600 MW and is said to be one of the first large-scale plants for green ammonia in Europe, with an expec
Seismic signals have been recorded in the vicinity of the Balticconnector gas pipeline between Finland and Estonia, indicating a possible explosion had occurred around the time an unusual drop in pressure was observed. To remind, Balticconnector was shut down at midnight on October 8 after Finnish a
Yinson Production, together with client Azule Energy, is set to pilot an offshore carbon capture and storage (CCS) plant on the floating production storage and offloading (FPSO) vessel Agogo in Angola. The plant, said to be the world’s first post-combustion carbon capture unit installed onboard an F
Vietnam’s Petrovietnam Drilling and Well Service Corporation (PV Drilling) has commenced a drilling program for Northern Gulf Petroleum in the Gulf of Thailand. PV Drilling’s 2007-built jack-up rig PV DRILLING I started to perform the drilling program at Block G6/48, Rossukon conventional oil field,
SBM Offshore has gotten its hands on a contract to perform FEED for an FPSO, destined to work on ExxonMobil’s sixth oil project off Guyana.
ConocoPhillips has started production from a cross-border field in the North Sea six months ahead of schedule, ensuring more Norwegian gas for the energy market.
