Offshore Natural Gas News


US Plans to Sanction Russian Vessel Involved in Nord Stream 2

Jan 18, 2021

The United States has told European allies it plans to impose sanctions on a Russian pipe-laying ship, 'Fortuna', involved in construction of the Nord Stream 2 gas pipeline from Russia to Germany, German business daily Handelsblatt reported on Monday…

Saipem Wins FEED Work for Ichthys LNG Project

Nov 25, 2020

Italian oilfield services firm Saipem confirms it has secured a contract award to conduct booster compression module (BCM) front end engineering and design (FEED) services for the INPEX-operated Ichthys LNG energy development offshore Australia…

Israel, Lebanon Hold Second Round of Sea Border Talks

Oct 28, 2020

Israel and Lebanon on Wednesday held a second round of U.S.-mediated talks over their disputed sea border that has held up hydrocarbon exploration in the potentially gas-rich area, though sources said gaps between the sides remain large.Delegations from the long-time foes reconvened at a U…

Nord Stream 2 Pipelaying Vessel Nears Project Hub

Oct 26, 2020

Russian pipe-laying vessel Akademik Cherskiy, expected to be used to finish the Moscow-led Nord Stream 2 gas pipeline, is heading towards the German project hub of Mukran, Refinitiv Eikon data showed on Monday.According to the ship tracking data…

Turkey Makes Significant Black Sea Gas Find

Aug 20, 2020

Turkey has found significant gas resources in the Black Sea, two Turkish sources said, a discovery which could help the country cut its dependence on energy imports if the gas can be commercially extracted.President Tayyip Erdogan told energy…

Insurgents Seize Port Near Total's Mozambique LNG Project

Aug 12, 2020

Islamist insurgents have captured a heavily-defended port in the far northern Mozambique town of Mocimboa da Praia, close to the site of natural gas projects worth some $60 billion, local media reported on Wednesday.It was one of several attacks…

Chevron's Interest in Leviathan Field Led to $5 Bln Bid for Noble Energy

Aug 11, 2020

Chevron Corp's $5 billion offer to acquire Noble Energy emerged after the U.S. oil major first proposed taking a stake of at least 50% in Noble's Eastern Mediterranean natural-gas fields, a proxy filing on Tuesday showed.If consummated, the all-stock merger will boost Chevron's U…

Oil Search Q2 Revenue Falls About 30%

Jul 20, 2020

Australia-listed Oil Search Ltd on Tuesday reported a near 30% drop in second-quarter revenue, hurt by a sharp decline in oil and gas prices as demand plunged due to the coronavirus pandemic.The Papua New Guinea-focused oil and gas explorer recorded a revenue of $266…

Santos Flags $560 Mln Impairment Charge on Virus-led Oil Slump

Jul 20, 2020

Australia's Santos said on Tuesday it will book non-cash impairments of up to $560 million after tax, joining a number of global energy majors forced to write down assets after a coronavirus-induced slump in oil prices.The country's second-largest…

Chevron CEO Sees Continued 'Choppy Economic and Price Activity'

Jul 20, 2020

The chief executive of U.S. oil giant Chevron Corp on Monday said the uncertainty of the COVID-19 pandemic has it planning for 'choppy' oil prices and economic activity globally.Chevron said on Monday it would buy oil and gas producer Noble Energy Inc for about $5 billion in stock…

Chevron Files Plans for Subsea Infrastructure Expansion at Gorgon

Jun 15, 2020

Chevron has filed an environment plant to Australian regulators related to the expansion of the subsea gathering network within the existing Gorgon and Jansz–Io offshore gas fields in Australia.Chevron Australia is the operator of the giant Gorgon project…

Where Next for Exploration in Asia Pacific?

Feb 18, 2020

The drill bit still plays a key role across the region, with exploration increasingly the domain of national oil companiesReports of the death of exploration have been greatly exaggerated. Since the 2014 oil price downturn, the industry has re-imagined exploration…

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…

Current News

Spirit Energy in 5-year Agreements with Subsea 7, TechnipFMC, and DNV GL

Solstad Offshore Vessel Trio Gets Renewables, Subsea Deals

Schlumberger CEO: Stage is Set for Oil Demand Recovery

Russian Pipelaying Vessels En Route to Nord Stream 2 Work Site

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