Offshore Natural Gas News


Gazprom Reports 89% Profit Fall

Apr 29, 2021

Russia's Gazprom on Thursday reported an 89% fall in 2020 net profit to 135.3 billion roubles ($1.8 billion), hurt by lower prices and sales and a huge rise in costs including a foreign exchange-related loss, but it expects a recovery in 2021…

OMV Expects Strong Second Half of 2021

Apr 29, 2021

Austrian oil and gas group OMV said it sees strong improvement in the second half of 2021 as it reported a better-than-expected quarterly core profit on Thursday thanks to higher oil prices and gains from the acquisition of plastics maker Borealis…

Wintershall Dea Q1 Operating Profit Jumps 47%

Apr 27, 2021

Wintershall Dea posted a jump in first-quarter financial results thanks to record production and recovering oil and gas prices, the German-Russian producer said on Tuesday.Its earnings before interest, tax, depreciation, amortization, and exploration expenses (EBITDAX)…

Eni Starts Gas Production at Merakes Project off Indonesia

Apr 27, 2021

Italian supermajor Eni said it has commenced gas production from the deepwater Merakes project, located in the East Sepinggan block in the Makassar Strait, offshore East Kalimantan, Indonesia.The development sits in approximately 1,500 meters water depth in the Kutei Basin…

Mubadala in Talks to Buy $1.1 Billion Stake in Israeli Gas Field

Apr 26, 2021

Delek Drilling said on Monday it has signed a non-binding deal to sell its stake in the east Mediterranean natural gas field Tamar to Abu Dhabi's Mubadala Petroleum for $1.1 billion.The deal, if finalized, would be among the most significant…

Indonesia's First-quarter Oil, Gas Liftings Miss Targets

Apr 26, 2021

Indonesia's first-quarter crude oil and natural gas liftings missed their targets because of technical issues at wells and postponements at a liquefied natural gas (LNG) project, data from upstream oil and gas regulator SKK Migas showed on Monday…

Total Declares Force Majeure on $20B Mozambique LNG Project After Attacks

Apr 26, 2021

French energy group Total declared force majeure on its $20 billion liquefied natural gas (LNG) project in Mozambique and confirmed it had withdrawn all staff from the construction site following insurgent attacks last month.Dozens of civilians…

NOVATEK Elects New Board of Directors

Apr 23, 2021

Russia's largest independent natural gas producer PAO NOVATEK announced Friday that the annual general meeting of shareholders (AGM) approved the election of members to the board of directors.The following members were elected to the board of directors:Andrei I…

Santos Posts 9% Revenue Rise, Sees Higher LNG Prices in Q2

Apr 21, 2021

Australian gas producer Santos Ltd on Thursday posted a 9.2% rise in first-quarter revenue, helped by firmer commodity markets as global economies recover from last year's pandemic lows, and forecast stronger liquefied natural gas (LNG) prices for the second quarter…

Gas Leak Prompts Shutdown of Two Alaska Platforms

Apr 06, 2021

Hilcorp Energy Co. has shut down two oil platforms in Alaska’s Cook Inlet in response to a natural gas leak discovered last week.The affected platforms account for roughly an eighth of the total Cook Inlet basin oil production of a little more than 11…

2021: A Year of Offshore Energy Potential

Apr 05, 2021

After what has seemed like the longest year ever, the offshore energy sector is emerging from a position of strength, from the standpoint of both economics and sustainability. Between the lockdowns implemented to reduce COVID-19, which reduced energy demand…

CNOOC Needs to Double Down on Drilling and Deals in Carbon-cutting Gas Pivot

Mar 11, 2021

A rapid rise in offshore drilling and deepwater gas extraction may seem an unlikely path to lower emissions, but are central planks of Chinese energy major CNOOC Ltd’s plan to help hit Beijing’s climate goals.While global peers like BP, Royal…

Subsea Pipeline Could Double Israeli Gas Exports to Egypt

Mar 09, 2021

A subsea pipeline that would connect Israel's Leviathan gas field to Egyptian liquefied natural gas (LNG) terminals could double Israel's gas export capacity to Egypt, the Israeli energy minister said on Tuesday.Israel started exporting gas…

Pipe Laying for Nord Stream 2 Restarts in Danish Waters

Feb 07, 2021

The consortium behind the Russia-led Nord Stream 2 natural gas pipeline has resumed laying pipes in the waters of Denmark, it said on Saturday, despite mounting pressure on the project from Washington.Construction of the link, which would double…

Current News

Dutch Gov't Grants Subsidy for Offshore Green Hydrogen Project

"We'll vigorously defend," Keppel Says After FPSO Arbitration Request

Schlumberger Issues Bullish Forecast as 2Q Profit Beats Estimates

Large Offshore Hydrogen Park in Germany Moves Step Closer

Subscribe for OE Digital E‑News