Offshore Natural Gas News

 

Woodside Energy, Santos End Talks on $52 Billion Merger

Feb 06, 2024

Australia's Woodside Energy and Santos said on Wednesday they had ended talks to create a possible A$80 billion ($52 billion) global oil and gas giant.Woodside, which is more than twice as large as Santos in terms of market value and revenue, said it would only pursue a deal that would add value for its shareholders.Santos shares dropped 5% soon after the news was announced while Woodside's stock rose 2% on Wednesday…

Qatar's Bigger LNG Expansion to Squeeze US, Other Rivals

Feb 28, 2024

Qatar's planned expansion of liquefied natural gas (LNG) production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the United States where President Biden paused new export approvals…

Exxon Considering Guyana Offshore Gas Production After 2029

Feb 21, 2024

An ExxonMobil-led consortium is considering its first offshore natural gas production in Guyana, close to the country's maritime border with Suriname, an executive at the U.S. oil and gas group said on Wednesday.Exxon, Hess Corp, and CNOO are…

Shell’s Profit Drops 30% from Previous Year

Feb 01, 2024

Shell on Thursday reported a 2023 profit of $28 billion, a 30% drop from the previous year's record as energy prices and demand cooled, but still allowing the firm to increase its dividend by 4% and extend share repurchases.The British company's…

Santos Receives Drilling Approval for $4.3 Billion Barossa Gas Project

Dec 18, 2023

Australian oil and gas major Santos said on Monday it had received approval for a revised drilling plan at its $4.3 billion Barossa gas project, although the fate of a pipeline to take gas to shore remains locked in a legal dispute.Santos was…

Shell's Prelude FLNG Facility Resumes Operations

Dec 18, 2023

Shell has resumed operations at its Prelude liquefied natural gas (LNG) facility 475 kms (300 miles) off the west coast of Australia and its first cargo could be loaded within days, two industry sources told Reuters on Monday.The timing of the…

Venezuela Prods Majors to Revive Offshore Gas Project

Dec 11, 2023

Venezuela has begun contacting energy firms involved in an long-idled offshore gas project to push them to begin new exploration and operations near its maritime border with Guyana, five people close to the talks said.The request to act on blocks…

OPEC Chief Urges Members to Reject Any COP28 Deal that Targets Fossil Fuels

Dec 08, 2023

OPEC Secretary General Haitham Al Ghais has urged OPEC members to reject proposals for any deal under negotiation at the COP28 climate summit which targeted fossil fuels rather than emissions, a letter dated Dec. 6 and seen by Reuters on Friday showed…

Woodside in Talks with Santos to Form $52 Billion Australian Gas Giant

Dec 07, 2023

Australia's Woodside Energy and Santos said on Thursday they were in preliminary talks to create an A$80 billion ($52 billion) global oil and gas giant, as consolidation among international energy firms intensifies.Combining two of Australia's…

'Leave No Stone Unturned' in Gas Exploration, Norway Tells Industry

Dec 06, 2023

Norway still has vast proven natural gas resources without development plans, the Norwegian Petroleum Directorate (NPD) said on Wednesday, urging exploration companies to find ways of producing it despite technological challenges.As this year's COP28 U…

Vessel to Complete Mexico's First Floating LNG Plant Sets Sail

Dec 05, 2023

A storage vessel for Mexico's first liquefied natural gas (LNG) plant departed U.S. waters on Monday for Altamira, Mexico, according to ship tracking data, putting the offshore project on track to soon inaugurate exports.LNG developer New Fortress Energy last week said its 1…

Snam Finalizes Purchase of FSRU for Ravenna

Dec 04, 2023

Snam has finalized the 400 million euro acquisition of a new floating liquefied natural gas (LNG) terminal that will be located offshore from the city of Ravenna, the Italian gas grid operator said on Monday.The new ship dubbed BW Singapore has a storage capacity of about 170…

Shell's Prelude LNG Facility Expected to Resume Exports Next Month

Nov 27, 2023

Shell has almost finished extensive maintenance at its Prelude floating liquefied natural gas (FLNG) facility off Australia and is set to resume exports next month, according to industry sources and shipping data.The timing of the giant floating…

Report: New Gas Supply Needed in All Australian Net Zero Pathways

Nov 26, 2023

Australia will still need substantial gas production 26 years from now to ensure reliable and affordable energy in 2050, even under a net zero scenario, according to The future role of natural gas in Australia and the region.EY was commissioned…

Chevron Resumes Natural Gas Supply from Israel's Tamar Offshore Field

Nov 13, 2023

Chevron said on Monday it had resumed the supply of natural gas from the offshore Tamar field, a month after it was told by Israel to halt operations due to violence in the region.The Tamar field, a major source of gas for Israel's power generators…

Current News

New Grid-Scale Offshore Wind-Solar Project Planned for Italy

New Grid-Scale Offshore Wind-S

Wind of Change for Shetland Oil Hub, but Who Will Benefit?

Wind of Change for Shetland Oi

US Offshore Wind: Down but Not Out

US Offshore Wind: Down but Not

Quick Connect: OAL Subsea Pipeline Completed

Quick Connect: OAL Subsea Pipe

Subscribe for OE Digital E‑News

Offshore Engineer Magazine