Far News

 

Asia to Take More US LNG ... but is it Enough to Placate Trump?

Aug 21, 2025

There are early signs that some Asian countries are stepping up their imports of U.S. liquefied natural gas (LNG) as part of trade deals with President Donald Trump.Asia's imports of the super-chilled fuel are on track to hit an eight-month high of 2…

Seabound Secures $1.48m Grant to Develop Carbon and Emissions Capture at Port of Southampton

Aug 20, 2025

Seabound has been awarded USD$1.48 million (£1.1 million) through Round 6 of the UK Government’s Clean Maritime Demonstration Competition (CMDC6). The funding will support a first-of-a-kind project between Seabound, STAX Engineering, and Associated…

Talos Energy Announces Successful Exploration Results at Daenerys

Aug 20, 2025

Talos Energy Inc. announced successful drilling results at the Daenerys exploration prospect located in the U.S. Gulf of America Walker Ridge blocks 106, 107, 150, and 151.The discovery well was drilled to a total vertical depth of 33,228 feet…

US Unveils Schedule for Over 30 Offshore Lease Auctions

Aug 19, 2025

U.S. President Donald Trump's administration on Tuesday unveiled a comprehensive schedule to hold more than 30 offshore oil and gas lease sales in the Gulf of Mexico and Alaska's Cook Inlet over the next 15 years.The plan fulfills a directive in Trump's One Big Beautiful Bill Act…

US Natural Gas Prices Drop 4% on Record Output

Aug 19, 2025

U.S. natural gas futures fell about 4% to a nine-month low on Tuesday on near-record output, ample fuel in stockpiles and forecasts for less hot weather and lower demand through early September than previously expected.Another factor weighing…

Profit Drop Prompts Woodside Exploration Cut

Aug 19, 2025

Woodside Energy WDS.AX said on Tuesday it will scale back exploration efforts and prioritise its $39 billion project pipeline to strengthen its balance sheet, after depreciation and decommissioning costs led to a slump in first-half profit.Woodside…

Panel Discusses Rising Tide of Renewables

Aug 19, 2025

A panel session at The Heavy Lift Group’s gathering in The Hague in May put its finger on a ‘hot button’ topic in offshore logistics by focusing on the responses required from industry to fast-changing developments in the renewables sector.The…

Murphy Tapped To Chair Tidal Energy Company Board

Aug 18, 2025

Inyanga Marine Energy Group announced that Martin Murphy has been appointed as Chair of the Board.Following 12 years’ service in the Royal Navy, Martin has forged a career as an experienced CEO and Chartered Engineer. Martin has a strong leadership…

Norwegian Oil Investment Will Peak in '25

Aug 14, 2025

Norwegian oil and gas investments are expected to peak this year, and start declining next year as major projects are completed, a statistics office survey of industry players showed on Thursday.Norway produces about 2% of global oil, and became…

Golar LNG Locks In $13.7B FLNG Backlog with Landmark Argentina Deals

Aug 14, 2025

Golar LNG Limited cemented its position as one of the most active players in the floating LNG (FLNG) market, announcing Q2 2025 results alongside major long-term contracts that add $13.7 billion to its Adjusted EBITDA backlog. The new deals—both with Argentina’s Southern Energy S…

dCarbonX Ltd Receives Gas Storage License

Aug 13, 2025

The NSTA offered dCarbonX Ltd a license for gas storage in the East Irish Sea on August 11, 2025. The license allows dCarbonX Ltd to make progress towards seeking the necessary regulatory approvals required before gas storage operations can commence…

Brent Oil Prices Hover While Facing Geopolitical Tensions, WTI Weakens Further

Aug 13, 2025

Brent oil futures are hovering around $66–67 per barrel with mixed geopolitical signals, while West Texas Intermediate (WTI) has weakened relatively more.The US-China tariff truce extension by 90 days reduced bearish sentiment, while the uncertainty…

Trinidad Awards Deepwater Blocks to Exxon

Aug 12, 2025

Exxon Mobil could invest as much as $21.7 billion in Trinidad and Tobago if the U.S. energy major finds reserves in a large deepwater area it was awarded on Tuesday to explore for oil and gas in the Caribbean country, Energy Minister Roodal Moonilal said…

Orsted Shares Plunge as it Seeks $9.4B to U.S. Wind Power Project

Aug 11, 2025

Shares in Orsted  plunged to a record low on Monday as the wind farm developer asked shareholders for $9.4 billion to help fund a U.S. project, after potential partners were put off by U.S. President Donald Trump's hostility to wind power.The 60 billion crowns ($9…

Full Remote Five-Plug Cenenting Ops in Saudi Arabia

Aug 11, 2025

Expro delivered what is said to be the world’s first fully remote five-plug cementing operation in the Kingdom of Saudi Arabia.The milestone operation, executed using Expro’s Generation-X Remote Plug Launcher (RPL) and proprietary SkyHook cement-line make-up device…

Current News

BOEM Initiates Process for Potential Mineral Lease Sale Offshore Virginia

BOEM Initiates Process for Pot

Jumbo Scoops Two Offshore Wind Contracts

Jumbo Scoops Two Offshore Wind

Wood Nets Long-Term Maintenance Contract for Rio Grande LNG Facility

Wood Nets Long-Term Maintenanc

TechnipFMC to Supply Subsea Systems for Chevron’s Gas Project off Australia

TechnipFMC to Supply Subsea Sy

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