Southeast Asia is developing more than 100 gigawatts of gas-fired power generating capacity and 70 million tons per annum of LNG import capacity, despite growing supply risks highlighted by the ongoing war in the Middle East, data from US think tank Global Energy Monitor showed on Thursday…
ABL has been appointed by Allseas as marine warranty surveyor for the single-lift removal of the Statfjord A topside in the North Sea, an operation set to use an upgraded 60,000-tonne lifting system aboard Pioneering Spirit.Allseas is carrying out the engineering…
Saudi oil giant Aramco plans to reorganise its business to create a new gas division with an eye on possible listings of business units in the future to raise cash, two sources with knowledge of the matter told Reuters.The move is in line with…
Oil and Natural Gas Corporation (ONGC) has struck gas at a deepwater exploration well in India's Mahanadi Offshore Basin, with the well flowing gas at encouraging rates and reservoir pressure.The MN-DW18-1-H-D well, about 43 km off Konark on the Odisha coast…
Exmar has received Approval in Principle (AiP) from Bureau Veritas Marine & Offshore for a concept to convert an existing membrane-type LNG carrier into a floating liquefied natural gas (FLNG) unit for offshore gas developments.The FLNG concept…
Transocean has been awarded a two-well contract for its Deepwater Conqueror ultra-deepwater drillship in Equatorial Guinea, adding about $80 million to the offshore driller's backlog.The approximately 170-day campaign with an undisclosed operator is expected to begin in 2027…
Apollo Global Management is exploring strategic options for Energos Infrastructure, in a deal that could value the floating liquefied natural gas infrastructure provider at more than $3 billion, people familiar with the matter said.The investment…
The Norwegian Offshore Directorate has granted Equinor a drilling permit for a wildcat well in the North Sea.The permit is for wellbore 25/9-5 S in production license 1042, operated by Equinor with 30% working interest.Its partners are Aker BP with 40% share and Vår Energi with 30% working interest…
Petrobras has awarded Strohm a contract to supply thermoplastic composite pipes for water injection and gas lift applications in Brazil's deepwater post-salt cluster, with the technology to be tested in water depths of up to 1,500 metres.The…
Libya plans to increase gas output to 4 billion standard cubic feet a day over the next three to five years, its oil and gas minister told an energy forum in Bangkok on Tuesday.'We have come to identify huge opportunities for us to increase…
RWE and Masdar plan to explore joint bids in Germany's 2027 offshore wind auctions under a cooperation agreement with an indicative investment value of more than $3.47 billion (€3 billion), while RWE separately advanced talks with ADNOC over potential long-term LNG supplies…
Baker Hughes has received two orders from Venture Global to supply gas compression systems for the Cloud Connector Pipeline and liquefaction equipment for the expansion of the Plaquemines LNG facility in Louisiana.The Cloud Connector order covers…
Petronas and PTTEP subsidiaries have received approvals from the governments of Malaysia and Thailand for a new 35-year production sharing contract covering Block A-18-01 in the Malaysia-Thailand Joint Development Area (MTJDA).PC JDA Limited…
Global oil supply and demand will fall further than previously thought this year, the International Energy Agency said on Friday, as a lack of progress in ending the Iran war delays the return of normal Middle East flows into 2027 and sends fuel prices soaring…
Italy adopted measures on Thursday aimed at boosting domestic oil and gas production, Prime Minister Giorgia Meloni said, seeking to cut red tape for drilling licences and reduce dependence on fossil fuel imports.Italy currently produces about 29 million barrels of crude oil a year…