Industry News


Cyprus Declines Chevron's Gas Field Development Proposal

Aug 25, 2023

Cyprus rejected Chevron Corp's plan to develop the island nation's offshore Aphrodite natural gas field, Bloomberg News reported on Friday, citing Energy Minister Giorgos Papanastasiou.Papanastasiou told Bloomberg that the concerned parties…

BOEM Publishes Details of Planned Lease Sale 261, NOIA Complains

Aug 23, 2023

The Bureau of Ocean Energy Management (BOEM) has announced it will publish the Final Notice of Sale for Gulf of Mexico Oil and Gas Lease Sale 261 in the Federal Register on August 25, 2023.BOEM plans to conduct the lease sale on September 27…

Woodside, Unions Reach Deal

Aug 23, 2023

Woodside Energy on Thursday reached an in-principle agreement with unions at Australia's largest LNG project, potentially averting a disruption to supplies from the world's biggest exporter of the super-chilled fuel.Both Woodside and the union…

Talos Inks Three-year Deal with Subsea 7 for US Gulf Projects

Aug 23, 2023

Subsea 7 has signed a three-year strategic partnership with Talos Energy to deliver commercial solutions for subsea engineering, construction and installation projects in the U.S. Gulf of Mexico.Under the agreement, the companies will collaborate…

Germany's Amprion Picks Prysmian as Preferred Bidder Wind Projects

Aug 22, 2023

German grid firm Amprion has selected Italy's Prysmian as 'preferred bidder' for three power transmission cable projects with an aggregate value of 4.5 billion euros ($4.9 billion), the Italian group said on Tuesday.Under the agreement, the…

Asian Buyers May Seek US LNG if Australian Disputes Worsen

Aug 22, 2023

Major Asian buyers of LNG could seek US cargoes in the coming weeks if worker-related disputes at key LNG facilities in Australia escalate, analysts said, as electricity demand continues surge due to warm weather.Uncertainty over labour disputes…

Wood Group Raises Profit Outlook on Contract Wins; CFO to Retire

Aug 22, 2023

British oilfield services and engineering firm John Wood Group raised its expectations for annual adjusted core profit on Tuesday, betting on contract wins in its energy and materials business to sustain growth.Wood scored major contract wins…

Egypt Finds New Oil Discovery in Gulf of Suez

Aug 22, 2023

Egypt's petroleum ministry on Tuesday announced a new oil discovery in the Geisum and Tawila West Concession in the Gulf of Suez.The new discovery was made by Egypt's Cheiron through exploration well GNN-11, currently producing more than 2,500 barrels a day…

As Australian LNG Strike Looms, Impact Limited ... for Now

Aug 21, 2023

The likelihood of industrial action at three Australian liquefied natural gas facilities is increasing, but the question for the market is what is the potential impact on the supply of the super-chilled fuel.Unions at Woodside Energy Group's…

INPEX Acquires Stake in Block Offshore Western Australia

Aug 21, 2023

INPEX has established a new company INPEX Cash Maple and acquired 74% of the participating interest held by PTTEP Australasia in the AC/RL7 block offshore from Western Australia.TotalEnergies Exploration Australia, a subsidiary of TotalEnergies…

Unions Notify Woodside They May Strike at Key Australia Platforms

Aug 20, 2023

Unions at Woodside Energy Group's North West Shelf offshore gas platforms on Sunday announced plans to strike as early as Sept. 2, which could eventually disrupt shipments of LNG from top global exporter Australia.The strike threat escalates…

Equinor Gets Green Light for Norwegian Sea Well Drilling

Aug 18, 2023

Norwegian oil and gas firm Equinor has received consent from the Petroleum Safety Authority Norway for exploration drilling in the Norwegian Sea.The consent is for drilling in the production license 1058 for the JDE prospect (Well 6307/1-2 JDE)…

Colombia Must Build Trust to Carry Out Energy Transition - New Minister

Aug 18, 2023

Colombia needs to rebuild trust between communities, businesses and the government to successfully execute its energy transition, Minister of Mines and Energy Andres Camacho told journalists on Thursday. Camacho, an electrical engineer who previously worked in the ministry as an adviser…

Norway Awards CO2 Storage License in North Sea

Aug 18, 2023

The Norwegian Ministry of Petroleum and Energy awarded one CO2 storage license in the North Sea to Sval Energi AS, Storegga Norge AS, and Neptune Energy Norge AS.'Carbon capture and storage of large amounts of CO2 is important to reach our climate…

Implenia and NorSea to Build Floating Offshore Wind Plant In Norway

Aug 18, 2023

Swiss-based firm Implenia and NorSea's WindWorks Jelsa have signed an agreement to develop a production and assembly facility for large concrete or steel structures for the floating offshore wind industry at Norway’s west coast.Implenia and NorSea will become equal minority shareholders (approx…

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