Gas News


Pemex Sees Deepwater Lakach Gas Project Boosting Output Significantly

Nov 22, 2022

Mexican state oil company Pemex expects a key offshore natural gas field located in the deepwater Gulf of Mexico will add significant output after inking a service contract on Monday, part of a push to grow local output while reducing imports.Pemex announced in a statement that the deepwater Lakach field will pump 300 million cubic feet (MMCF) of gas per day over a 10-year horizon, after the state-run firm signed a service contract with U…

New Fortress to Sign Deal for Mexico's Lakach Offshore Gas Field Next Week

Nov 17, 2022

U.S. company New Fortress Energy expects to sign an agreement next week with the Mexican government for the development of a liquefied natural gas (LNG) project associated with Mexico's Lakach offshore gas field, a company executive said on Wednesday…

Petronas Wants to Join Abadi LNG project - Indonesian regulator

Nov 16, 2022

Malaysian state oil and gas company Petronas has expressed interest in participating in Indonesia's takeover of Shell's stake in the Abadi LNG project, Indonesia's upstream oil and gas regulator told a parliamentary hearing on Wednesday.The…

Norway's Aker BP Wants "Price floor" in European Gas Supply Deals

Nov 14, 2022

European buyers of Norwegian natural gas should commit to paying a minimum price if they want to obtain long-term supply deals that prevent price spikes like those seen this year, the chair of Norwegian producer Aker BP told Reuters.Gas prices…

Italy's Emilia Romagna Backs New FSRU Terminal in Ravenna

Nov 08, 2022

Italy's Emilia Romagna region has approved a project for a new floating LNG terminal off the coast of Ravenna in the upper Adriatic sea, it said on Monday, part of the country's broader efforts to replace dwindling Russian gas supplies. Almost…

Africa Must Use its Gas Reserves to Drive the Economy, Industry Officials Say

Nov 01, 2022

Africa countries need to use their gas reserves to lift more people out of poverty and build industry as they try to catch up with more developed countries even while the world seeks to cut emissions, some industry officials said on Tuesday…

The Philippines: Shell Sells Stake in Malampaya Offshore Field

Nov 01, 2022

Shell has completed the sale of its stake in the Malampaya offshore gas field in the Philippines to Malampaya Energy XP Pte Ltd  (MEXP), a subsidiary of Prime Infrastructure Capital Inc (Prime Infra).  Shell Petroleum signed an agreement to sell interest in Malampaya…

ConocoPhillips Joins QatarEnergy's North Field South Expansion as Final International Partner

Oct 31, 2022

QatarEnergy has selected ConocoPhillips as its third and final international partner in the North Field South (NFS) expansion project. The project comprises two LNG mega trains with a combined capacity of 16 million tons per annum (MTPA).The…

Report: Eni, BP to Extract Gas From Giant Gas Field Offshore Libya

Oct 31, 2022

Libya has agreed with Eni and BP to begin extracting natural gas from a Mediterranean gas field believed to be bigger than Egypt's huge Zohr field, the head of the National Oil Company (NOC) told Skynews Arabia on Monday. Eni will also invest…

Boosted by Gas Business Italy's Eni's Beats Expectations

Oct 28, 2022

Italian energy group Eni said profits in the third quarter beat expectations thanks to a strong performance from its Global Gas and LNG portfolio division (GGP). Adjusted net profit in the period came in at 3.73 billion euros ($3.72 billion)…

Denmark's Ørsted Strikes Deal to Buy Norwegian Gas via Baltic Pipe Pipeline

Oct 27, 2022

Denmark's Ørsted and Norway's Equinor have signed a contract under which Equinor will supply Norwegian gas to Denmark via Baltic Pipe. The agreement covers the period from January 1, 2023 to April 1, 2024, and the total volumes of gas supplied during the period will be around 8 TWh…

Neptune Energy to Keep Duva Field Gas Output Levels High Until 2022 End

Oct 07, 2022

Oil and gas company Neptune Energy said Thursday it would extend higher gas production from the Duva field in Norway, supplying enough gas to heat a further 550,000 UK households.In April, Norwegian authorities granted Neptune and the Duva license…

Cyprus in Renewed Push to Extract Offshore Gas as Shortages Loom in EU

Oct 07, 2022

Cyprus expects natural gas from its seas to become commercially available by 2027, its energy minister said on Friday, adding that Europe's energy crisis had put a renewed focus on how to expedite the development of reserves in the east Mediterranean…

Three New Players to Join Qatar Energy's North Field South (NFS) Project

Oct 06, 2022

Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said that three new partners will be entering the North Field South (NFS) project in addition to the partner recently announced, adding that they will be announced in due course…

US Climate Envoy Kerry Cautions Against Long-term Gas Projects in Africa

Sep 16, 2022

U.S. climate envoy John Kerry cautioned against investing in long-term gas projects in Africa as countries in the region, some hoping to tap recent oil and gas discoveries, wrestle with how to power their development with clean energy.'We are not saying no gas…

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