Offshore Natural Gas News


Why Senegal's Offshore Licensing Round is Significant

Jan 29, 2020

The long awaited first ever offshore licensing by Senegal has finally been launched as the West Africa country inches closer to achieving its national medium- and long-term hydrocarbon sector investment plan and drive to transform the upstream resource into a source of clean electricity generation…

PGNiG Open to Mergers with State-run Firms

Jan 24, 2020

Polish gas company PGNiG is open to consolidation with other energy companies, its newly appointed chief executive said on Friday, as the government tries to merge state-run firms to strengthen their market position.The Polish state is a major shareholder in the energy sector…

The Future is in the North

Jan 13, 2020

Sea usesWhile others are known as rulers of the seas, Norway has been more known as users, locally and worldwide. No wonder, since Norwegian waters are covering an area of close to six times the size of the Norwegian land areas.There is considerable…

Exploration in 2020: The Transition is Yet to Start

Jan 10, 2020

The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many exploration and production (E&P) boardrooms in 2019, but the impact on exploration drilling is not yet apparent. The global high impact well[1] count in 2019 was 91 wells…

ExxonMobil Confirms May Exit Romanian Offshore Gas Project

Jan 08, 2020

U.S. energy major ExxonMobil confirmed late on Tuesday it is weighing an exit from a long-stalled Romanian natural gas venture and has begun providing information to potential buyers.The company holds a 50% stake in the Neptun Deep offshore project located in the Black Sea with Romanian OMV Petrom…

Leviathan Delivers First Gas

Dec 31, 2019

Israel's $3.6 billion offshore Leviathan field started production on Tuesday, paving the way for multi-billion dollar gas export deals with Egypt and Jordan in the coming weeks.Natural gas began flowing from Israel's largest field despite regulatory…

Iran Begins Gas Extraction from South Pars

Dec 31, 2019

Iran begins extraction of natural gas from an offshore rig at South Pars, the largest gas field in the world which is shared between Iran and Qatar, said the country's official media.The extraction of gas will add some 14.2 million cubic meters…

Egypt Awards Red Sea Acreage

Dec 30, 2019

Egypt said on Sunday that it awarded oil and gas exploration concessions in the Red Sea to Chevron, Royal Dutch Shell and Mubadala in an international tender.Chevron was awarded the first block, Shell a second block, and a third block was awarded…

Greece Proposes World Court if Maritime Dialogue with Turkey Fails

Dec 30, 2019

Greece's Prime Minister said in remarks published on Sunday that if Athens and Ankara cannot solve their dispute about maritime zones in the Mediterranean they should turn to the International Court of Justice (ICJ) in The Hague to settle the disagreement…

Comment: Hydrogen—Europe’s Pipe Dream

Dec 30, 2019

Europe — okay, Brussels — is keenly anticipating the day hydrogen begins supplanting the natural as in its pipeline net, as more explosive H could mean energy storage, motive power and, perhaps, heating.It wants more hydrogen from offshore platforms…

Allseas: No Plans to Resume Nord Stream 2 Work

Dec 30, 2019

Swiss-Dutch company Allseas Group said it has no plans to resume laying pipes for Russia's Nord Stream 2 gas pipeline project, Russian state news agency TASS reported on Monday.Russia said it has its own vessel to complete the construction of…

Leviathan Startup Awaits Government Approval

Dec 27, 2019

Companies developing the huge natural gas field Leviathan will begin production on Tuesday after receiving approval from Israel's Environmental Protection Ministry, one of the project's partners said on Friday.Leviathan was supposed to begin operations on December 24…

Allseas Suspends Nord Stream 2 Work

Dec 26, 2019

Swiss-Dutch company Allseas said last week it had suspended its pipe-laying activities in the Nord Stream 2 Russia-to-Germany natural gas pipeline in anticipation of U.S. President Donald Trump's signing of a defense policy bill.'In anticipation…

Woodside Finalizes Gas Deal with Uniper

Dec 24, 2019

Oil and gas producer Woodside Petroleum Ltd said on Tuesday it has signed an agreement to supply liquefied natural gas (LNG) to German utility Uniper SE for 13 years starting 2021.Under the agreement, Woodside said it would initially supply up to 0…

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