Samsung Heavy wins major LNG carrier contract
The company said this was larger than its previous largest order, which was for 16 methanol-power containerships, worth 3.95trn won ($3bn).
The company said this was larger than its previous largest order, which was for 16 methanol-power containerships, worth 3.95trn won ($3bn).
“Under our analysis, we see Brazilian production starting to decline around 2029-30,” Welligence’s Fagundes said. “Given how long it takes to develop a big field, [Petrobras] needs to start finding new reserves.”
“We are concerned about the uncertainty created by postponing the Presidential elections,” the Foreign, Commonwealth & Development Office (FCDO) said.
Saipem’s initial assessment attributed the problem to a software anomaly. This appeared to have led to a tensioner failing.
An Equinor representative confirmed to Energy Voice the company was “now in the market again with concept and feasibility studies related to the Bay du Nord development project”.
“The access to capital is no problem for anybody that understands how to present the asset. And that's what we do. We know how to present the opportunities in the right language.”
“The first target has an NPV of $4bn, for a $30mn well. We know it’s frontier exploration and the chance of success is maybe 20%, but it stands up.”
The statement went on to say Descalzi planned to visit Malabo in the near future to present agricultural and energy projects.
However, Savannah said it is still making progress on the various parts of the deal. These include “in-country approvals”, which are required to complete the deal for Petronas’ assets.
"They spend millions lobbying our politicians to double down on unaffordable and dirty fuels, locking us into a future of struggle. Their profit is our loss.”
“This agreement streamlines our Energy portfolio and is in line with the OMV Strategy 2030 of reducing oil and gas production over time,” said OMV CEO Alfred Stern.
“By awarding these contracts, we are taking an important step towards realising the full potential of Al-Shaheen field, which produces around half of Qatar’s crude oil today,” said Minister of State for Energy Affairs, and CEO of QE, Saad Sherida Al-Kaabi.
In February 2022, it said it was terminating the contract. Sapura complained that it had been misled about the state of the soil at the Yunlin offshore wind farm site.
The Australian listed company said it had made progress on the project during the last few months, with total costs now estimated to be $325 million. Costs to reach first production are $250mn. Previously, it had forecast total costs to be $303mn.
Aramco’s move to cut investments was, Baker Hughes' Simonelli said, a “temporary aspect”.
Citing talks with Aramco this morning, Borkhataria said projects that had reached a final investment decision (FID) would continue as planned.
The union went on to say Saipem's Castorone would have to return to Broome and probably be down manned.
The result is that Seatrium has warned it faces “financial loss that is significantly higher than the previous year”.
The programme would be partly funded using proceeds from a newly created sovereign transition bond, which will be issued from next month.
“We don’t believe we are going to energy transition now, not when even countries like the UK are awarding exploration licences. At UNOC, we want to see how other countries are coping with the transition.”
“As you can see, I wanted to talk about concrete projects and initiatives, capable of generating a significant and immediate impact in the countries in which they will be implemented" and with scope for expansion, she said.
Chariot said it was working with Energean on the Anchois development plan. This included negotiating offshore drilling and services for work this year.
“We continue to see progress,” said Genel CFO Luke Clements. “It’s painfully slow. But it’s not like we’re close and then it all blows up. It’s just small steps, but with good progress.”
“The administration’s decision to freeze review of new LNG terminals is deeply disturbing and raises significant risks around the globe,” said Marty Durbin, president of the US Chamber of Commerce’s Global Energy Institute.
"Ultimately political and regulatory processes will work through to get the right answer."