Israeli oil and gas company Delek has received an offer from an unnamed investor for a potential investment of up to $250 million into its North Sea focused subsidiary Ithaca Energy.
The Oil and Gas Climate Initiative (OGCI), an initiative to tackle climate change and backed by 13 oil companies, has launched a new initiative to unlock large-scale investment in carbon capture, use and storage (CCUS).
McDermott nets Arctic LNG 2 modules fabrication job McDermott International said that its Chinese joint venture Qingdao McDermott Wuchuan Offshore Engineering has been awarded the Arctic LNG 2 modules fabrication job. Qatar Petroleum, Shell to form LNG bunkering JV Qatar Petroleum and Shell signed a
Offshore Energy Today’s most popular news from the past week.
Following a drone attack on the world’s largest oil processing facility owned by state-run Saudi Aramco, Rystad Energy has warned the market not to get too excited about the oil giant’s promise to quickly return to pre-attack production levels.
Qatar Petroleum and Shell signed a shareholder agreement to establish a company that would provide global LNG bunkering services.
Saudi Aramco has said the company will return to full production capacity by the end of this month following a drone attack on the world’s largest oil processing facility last Saturday.
The ship vessel was reportedly smuggling 250,000 liters of diesel fuel to the United Arab Emirates.
Current levels of gas flaring cause more than 300 million tons of CO2 to be emitted into the atmosphere
Oil prices on Monday saw the biggest surge since 1991 following a drone attack on the state-owned Saudi Aramco’s oil processing facility in Saudi Arabia, according to Reuters.
LNG giant Qatar Petroleum (QP) issued ‘invitation to tender’ packages for the engineering, procurement and construction (EPC) of facilities at the Ras Laffan Industrial City that will be part of the North Field Expansion (NFE) project.
The most popular news of the week.
Liquid production growth for non-OPEC countries reached the highest rate on record in 2018, with a growth of almost 2.9 million barrels per day (bbl/d), according to Rystad Energy.
Lower oil prices will push the global service market into a recession in 2020 after three successive years of growth, according to Norwegian intelligence firm Rystad Energy.
