Industry News

 

Netherlands' First Major CO2 Transport & Storage System Set for 2026 Launch

Oct 18, 2023

The final investment decision has been reached for Porthos, a major carbon transportation and storage project in the Netherlands.Porthos is a joint venture of EBN, Gasunie, and the Port of Rotterdam Authority. Porthos will provide transport…

Shell Exits Indonesian Gas Project

Oct 18, 2023

Oil major Shell has sold its 35% stake in Indonesia’s Masela offshore block to PT Pertamina Hulu Energi and Petronas. The sale includes the Abadi gas project. The completion of the sale follows regulatory approval from Indonesia’s Ministry of…

Denmark's Largest Offshore Gas Field to Resume Production in Early 2024

Oct 18, 2023

TotalEnergies-operated Tyra Redevelopment Project in Denmark is set to start production in the early first quarter of 2024, BlueNord, a partner in the project, said Wednesday.Tyra is Denmark’s largest natural gas field which has been processing…

US Grants License Amendment to Trinidad for Joint Offshore Gas Project with Venezuela

Oct 18, 2023

The United States has granted an amendment requested by the government of Trinidad and Tobago to a license allowing the joint development of an offshore gas project with Venezuela, the Caribbean country's Energy Minister Stuart Young said on Tuesday…

Exxon Expects FID for Guyana's Sixth Offshore Oil Project by Q1 2024

Oct 18, 2023

Exxon Mobil Corp. expects to make a final investment decision on its sixth oil project in Guyana by the first quarter of 2024, the company's country chief Alistair Routledge said on Tuesday.In August, Exxon and its partners proposed a plan to spend $12…

UK Offshore Well Decommissioning Firm Eyes CCUS and Geothermal Projects with New Appointment

Oct 17, 2023

UK-based offshore well decommissioning specialist Well-Safe Solutions is looking to expand its capabilities and venture into the carbon capture, usage and storage (CCUS) and geothermal sectors too.To help facilitate this scope expansion, Well…

Ørsted to Sell 50% Stake in Offshore Wind Farm in Germany

Oct 17, 2023

Offshore wind farm developer Ørsted has signed an agreement to divest 50% of the Gode Wind 3 Offshore Wind Farm in Germany to funds managed by Glennmont Partners from Nuveen.Glennmont is one of Europe’s largest fund managers, focused exclusively on investments in clean energy infrastructure…

Energy-starved Africa Needs Fairer Climate Treatment: OPEC Sec Gen

Oct 17, 2023

Africa should be treated fairly while addressing global climate challenges as the continent contributes the smallest share to green house gas emissions globally, OPEC Secretary General Haitham Al Ghais said on Tuesday.Addressing an energy conference in Cape Town…

Saudi Arabia Can Lift Oil Production within Weeks - Aramco CEO

Oct 17, 2023

Saudi Aramco is able to ramp up oil production within weeks as global consumption is set to rise to a fresh record by year-end, the CEO of the oil giant said on Tuesday.Speaking at the Energy Intelligence Forum in London, Aramco CEO Amin Nasser…

World's Deepest Fixed-Bottom Wind Farm Fully Operational

Oct 17, 2023

TotalEnergies and its partner SSE Renewables said Tuesday that their Seagreen offshore wind farm, Scotland's largest and the world’s deepest fixed-bottom wind farm, is now fully operational and running at its design capacity of 1,075 MW.Seagreen…

Output from Brazil's Petrobras Hits Nearly 4 Mln Barrels in Third Quarter

Oct 17, 2023

Brazilian state-run oil firm Petrobras said on Monday that its combined crude and natural gas output in the third quarter reached 3.98 million barrels of oil equivalent per day from the projects it operates. The output was almost 8% higher than production during the previous three quarters…

Marathon Oil Signs Deal with Glencore for Alba Gas in Equatorial Guinea

Oct 17, 2023

Marathon Oil said on Monday it has entered into a five-year liquefied natural gas (LNG) sales agreement with a unit of Glencore for a portion of its natural gas produced from the Alba Field in Equatorial Guinea, boosting its presence in the European LNG market…

Massachusetts Offshore Wind Farm Dodges Lawsuits over Environmental, Fishing Concerns

Oct 16, 2023

A U.S. judge has rejected challenges to federal environmental permits and construction approvals for a $4 billion offshore wind farm near Massachusetts, which commercial fishing groups have claimed will harm whales and impair their businesses…

Ocean Installer Wins Work at Equinor's Subsea Tie-Back Development in Norway

Oct 16, 2023

Equinor has awarded Ocean Installer an engineering, procurement, construction, and installation contract for the Eirin subsea tie-back development, offshore Norway.In mid-September, Equinor submitted a plan for development and operation (PDO)…

Israeli Energy Sites Impacted by the Gaza Conflict

Oct 16, 2023

Israel, which has become a major gas exporter in recent years, has shut down several major energy sites since Hamas militants attacked southern Israel on Oct. 7, sparking a wider conflict in the Gaza Strip.Following are the sites impacted by the conflict so far:THE TAMAR GAS FIELDIsrael on Oct…

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