Rystad: LNG to balance European demand in absence of Russia
Europe can rebalance its gas supply and replace Russian gas imports before 2030, but will have to take some tough decisions on LNG.
Americas
Americas Oil and Gas News
Brothers die in fire at BP-Husky Toledo refinery
BP has confirmed the death of two of its staff during a fire at the BP-Husky Toledo refinery in Oregon, Ohio, on Tuesday evening.
TotalEnergies approves $700m Fenix gas project off Argentina
TotalEnergies and its partners have has approved the final investment decision (FID) for the Fenix gas development, around 37 miles off the coast of Tierra del Fuego in southern Argentina.
‘Bazooka’ of oil preventing Brent Crude price from hitting $200
A “bazooka” of oil from the US reserve, lockdowns in China and a “surprising durability” of production in Russia are preventing Brent Crude oil from hitting $200 a barrel.
Offshore rig day rates could surge to $500,000
It could soon cost half a million dollars a day to hire an offshore rig, according to executives in the industry, in a stunning turnaround for day rates since Covid.
All Americas Posts
Rystad: LNG to balance European demand in absence of Russia
Europe can rebalance its gas supply and replace Russian gas imports before 2030, but will have to take some tough decisions on LNG.
Brothers die in fire at BP-Husky Toledo refinery
BP has confirmed the death of two of its staff during a fire at the BP-Husky Toledo refinery in Oregon, Ohio, on Tuesday evening.
TotalEnergies approves $700m Fenix gas project off Argentina
TotalEnergies and its partners have has approved the final investment decision (FID) for the Fenix gas development, around 37 miles off the coast of Tierra del Fuego in southern Argentina.
‘Bazooka’ of oil preventing Brent Crude price from hitting $200
A “bazooka” of oil from the US reserve, lockdowns in China and a “surprising durability” of production in Russia are preventing Brent Crude oil from hitting $200 a barrel.
Offshore rig day rates could surge to $500,000
It could soon cost half a million dollars a day to hire an offshore rig, according to executives in the industry, in a stunning turnaround for day rates since Covid.
Maersk Drilling secures six-month extension for drillship with Shell
Shell (LON: SHEL) has exercised an option to extend its use of the Maersk Voyager for drilling services offshore Mexico.
MAM launches to tackle LNG fuel’s methane slip problem
A new group is launching today with a focus on managing methane emissions in shipping, using LNG as a fuel.
Woodside signs up for Commonwealth’s US LNG
Australia’s Woodside Energy (ASX:WDS) will take up to 2.5 million tonnes per year of liquefied natural gas (LNG) exports from Commonwealth’s LNG export facility under development in Cameron Parish, Louisiana, after confirming a 20-year deal.
JERA, Uniper target LNG supplies, then ammonia
Japan’s JERA and Germany’s Uniper have teamed up to back an ammonia project in the US Gulf Coast, with a focus on exports to Germany. In the near term, it should also secure new LNG supplies.
German-Canada hydrogen plans set the marker for progress
Germany has been on the hunt for new LNG supplies in order to stave off the near term crisis of stuttering Russian gas supplies. Chancellor Olaf Scholz’s visit to Canada did not come through on the LNG front, but he did seal an ambitious deal on hydrogen.
Petronas signs LNG export feasibility study with Argentina
Argentina is taking preliminary steps to tap its potential for exporting liquefied natural gas (LNG) with Malaysia’s Petronas, President Alberto Fernandez announced Thursday.
Pemex oil trading head leaves ahead of key talks with buyers
Armando Mejia Sanchez, the head of crude oil at the trading arm of Mexico’s state-owned oil firm Pemex, is retiring, according to people with knowledge of the situation.
APA scores first Suriname find in Block 53
APA Corp has discovered oil offshore Suriname on Block 53, while abandoning another well on Block 58.
US energy fund cashes in on anti-ESG fervour
An ETF with a defiantly “post ESG” label has claimed success after its first full week of trading.
Keppel O&M wins giant US$2.9bn FPSO deal from Petrobras
Keppel Offshore and Marine's (Keppel O&M's) (SGX:BN4) wholly owned subsidiary, Keppel Shipyard, has won an international tender from Brazil’s national oil company, Petroleo Brasileiro S.A (Petrobras), for the engineering, procurement and construction (EPC) of P-80, a floating production, storage and offloading vessel (FPSO) in a deal worth about US$2.9 billion.
Centrica signs £7bn deal for US LNG supplies
Centrica has signed up to purchase LNG from a new US supplier, working on an ambitious offshore project, in a move backed by Secretary of State for Business and Energy Secretary Kwasi Kwarteng.
Cuba takes 200-MW power plant off line amid oil depot blaze
Cuba was forced to take one of its largest power plants off line Monday due to the massive fire at the Matanzas fuel depot, deepening an already severe energy crisis on the Caribbean island.
ExxonMobil bid to end Indonesia lawsuit over human rights abuse found ‘meritless’
A longstanding US lawsuit filed against ExxonMobil (NYSE:XOM) that alleges the oil and gas giant was responsible for human rights violations, including sexual assault, battery and wrongful death, that was committed by members of the Indonesian military, looks set to be heard after 20 years, as the company’s repeated attempts to block the trials have been overturned.
BP sells half of Husky Toledo refinery to Cenovus for $300m
BP (Lon: BP) has sold 50% of its interest in the Husky Toledo refinery, located in Ohio, to Cenovus (NYSE: CVE) to form a joint venture partnership.
3t EnerMech to exclusively deliver industry training in Angola and Guyana
A partnership of energy sector training provider 3T Energy Group and Aberdeen company EnerMech is to become the sole provider of licensed training in Angola and Guyana.
Singapore’s Keppel wins FPU and FPSO deals worth $54m
Keppel O&M will start floating production contracts worth around S$75 million (US$54 million) for MODEC, as it prepares a floater for Woodside Energy’s Senegal project, and a separate unit for LLOG Exploration Offshore in the US.
NextDecade signs up Exxon for Rio Grande LNG offtake
NextDecade has struck a deal to supply 1 million tonnes per year of LNG from its planned Rio Grande project to ExxonMobil.
Exxon racks up another two Guyana finds
ExxonMobil has made another two discoveries in the Stabroek block, bringing the total number of its finds offshore Guyana to more than 25.
Shell weighs sale of two Gulf of Mexico assets: reports
Shell (LON:SHEL) has reportedly begun soliciting interest from potential buyers for stakes in two key Gulf of Mexico assets, the sale of which could generate up to $1.5 billion.
Cheniere mulls bigger boost to Texas LNG exports with China deal
Cheniere Energy, the largest US exporter of liquefied natural gas (LNG), signed a deal with PetroChina that lays that the groundwork for another expansion of Cheniere’s Texas export terminal as global demand for the fuel surges.
