One of the world’s leading LNG project developers New Fortress Energy (NFE) has secured a $700 million loan for the second floating liquefied natural gas (FLNG) unit in Mexico, days after producing LNG at its first FLNG unit offshore Altamira.The new loan will fully fund the construction of FLNG 2, to be developed in partnership with Comisión Federal de Electricidad (CFE) utilizing its extensive in-place terminal infrastructure onshore in Altamira…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has encountered a high yielding well in Beibu Gulf, which produces daily over 1,000 cubic meters of oil equivalent.Wushi 16-5 structure is located in Wushi Sag…
Exxon Mobil intends to transfer the operations of all assets of two production-sharing contracts in Malaysia to state energy company Petronas, Exxon Mobil said on Saturday.Reuters had reported on Friday that Exxon Mobil had agreed to sell its Malaysian oil and gas assets to Petronas…
Santos said on Thursday growth projects were making good progress, with flagship Barossa natural gas development now 77% complete as Australia's second-largest fossil fuel producer makes attempts to speed up its ambitious forward strategy.Barossa…
China’s state-run China National Offshore Oil Corporation (CNOOC) has informed that its first ultra-deep well in Bohai Bay achieved ‘high yield’, outperforming the targets set earlier.The Bozhong 19-6 condensate gas field D1 well, said to be…
Singaporean rig- and shipbuilder Seatrium has tapped the American Bureau of Shipping (ABS) to class a pair of floating production storage and offloading units (FPSO) being built for Brazil's state-owned Petrobras, the classification society announced…
Petrogas E&P Netherlands, part of Oman-based Petrogas E&P, has achieved first gas production from the field in the Dutch North Sea.Petrogas E&P Netherlands, along with its partners EBN, Rockrose and TAQA Offshore, started producing gas from the first well on the B10 platform on July 6…
Oil and gas company PetroNor E&P has marked lower than average production at Perenco-operated PNGF Sud field offshore Congo in the second quarter of the year, disclosing also that an additional workover team will be employed at the field to bring it up to speed…
Oil and gas company SapuraOMV has started gas production from its Jerun field, offshore Sarawak in Malaysia.Jerun gas field, part of SK408 production sharing contract (PSC), was discovered in 2015 and the development project reached its final investment decision (FID) in March 2021…
Equinor and its partners Petoro, Vår Energi, and TotalEnergies EP Norge have started production from the first Lavrans well in the Kristin South area in the Norwegian Sea.The partnership submitted the plan for development and operation (PDO)…
Golar LNG has entered into definitive agreements with Pan American Energy (PAE) for a 20-year deployment of a floating liquefied natural gas (FLNG) vessel in Argentina.The FLNG project will monetize Argentine gas, tapping into the vast resources…
Texas-based exploration and production company Beacon Offshore Energy has achieved first oil production at the Winterfell development in the Green Canyon area of the U.S. Gulf of Mexico.Winterfell is a phased development with the initial two…
OPEC oil output rose in June for a second consecutive month, a Reuters survey found on Tuesday, as higher supply from Nigeria and Iran offset the impact of voluntary supply cuts by other members and the wider OPEC+ alliance.The Organization of the Petroleum Exporting Countries pumped 26…
China’s state-run China National Offshore Oil Corporation (CNOOC) has brought onstream the first oil field in China that features low-carbon design and receives power from the shore for its operations in South China Sea.Located in Beibu Gulf of the South China Sea…
Examining similarities and differences between the deepwater oil & gas and the emerging floating wind segment.There has been much excitement around the potential for the offshore wind industry to access deeper water sites through the deployment of floating wind technology…
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