The United States has issued an amendment to the license granted to the government of Trinidad and Tobago allowing the joint development of an offshore gas project with Venezuela. Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart R. Young reported that the Office of Foreign Asset
QatarEnergy and Shell, through their affiliates, have signed two long-term LNG sale and purchase agreements for the supply of LNG from Qatar to the Netherlands. Pursuant to the agreements, up to 3.5 million tons per annum (mtpa) of LNG will be delivered to the Gate LNG terminal in the port of Rotter
Brazilian state-owned oil and gas giant Petrobras has broken its quarterly record of operated oil and gas production in the third quarter of this year, reaching 3.98 million barrels of oil equivalent (boe) per day, 7.8% above the previous quarter. Petrobras also reported that it had reached a monthl
Eni and the UK Government’s Department of Energy Security and Net Zero (DESNZ) have reached an agreement in principle on the key terms and conditions for the economic, regulatory, and governance model for the transportation and storage of CO2 at the HyNet North West industrial CCS cluster. Principle
Dana Petroleum, the UK subsidiary of Korea National Oil Corporation (KNOC), has discovered high-quality gas in the North Sea through exploratory drilling in the 42/27 exploration block. Dana Petroleum acquired a 50% stake in block 42/27 in the southern North Sea through international bidding in 2020
UK well decommissioning company Well-Safe Solutions is targeting carbon capture, usage and storage (CCUS) projects with the appointment of the company’s first energy transition manager. Well-Safe announced on 17 October that it is adding CCUS as well as geothermal project capabilities to its offerin
Houston-based oil and gas company Marathon Oil has entered into an LNG sales agreement with Glencore for the Alba field in Equatorial Guinea, effective from next year. Through its wholly-owned subsidiaries, Marathon Oil entered into a five-year firm LNG sales agreement with Glencore Energy UK for a
Brazilian state-owned oil and gas giant Petrobras has awarded compatriot offshore oil and gas services provider Ocyan with a contract to carry out the revitalization of a network of gas pipelines in the Campos Basin. The contract, valued at approximately $317.49 million, is expected to last four and
Golar LNG, an owner and operator of marine LNG infrastructure, has announced that FLNG Hilli Episeyo offloaded its 100th LNG cargo on Saturday, October 14. According to the company, the 100th cargo was loaded onto MV Energy Integrity. Golar LNG emphasized that Hilli, the 2.4 mtpa floating liquefacti
Romanian ministries have prepared a draft emergency ordinance with which the Maritime Spatial Plan (MSP), a strategic planning document identifying the spatial and temporal distribution of current and future activities and uses within Romanian waters, is approved. Romania’s Ministry of Environment a
Seismic signals have been recorded in the vicinity of the Balticconnector gas pipeline between Finland and Estonia, indicating a possible explosion had occurred around the time an unusual drop in pressure was observed. To remind, Balticconnector was shut down at midnight on October 8 after Finnish a
Yinson Production, together with client Azule Energy, is set to pilot an offshore carbon capture and storage (CCS) plant on the floating production storage and offloading (FPSO) vessel Agogo in Angola. The plant, said to be the world’s first post-combustion carbon capture unit installed onboard an F
Vietnam’s Petrovietnam Drilling and Well Service Corporation (PV Drilling) has commenced a drilling program for Northern Gulf Petroleum in the Gulf of Thailand. PV Drilling’s 2007-built jack-up rig PV DRILLING I started to perform the drilling program at Block G6/48, Rossukon conventional oil field,
As the world races towards a net-zero emissions future by 2050, it’s imperative to acknowledge some hard truths and heed the wake-up calls emerging from the latest reports and analyses. The energy transition journey is undoubtedly complex, laden with challenges and unearthing difficult realities as
