(WO) – Various speakers at the international roundtable on natural gas – hosted by the African Energy Chamber (AEC) and Russian-based global energy giant Gazprom in Johannesburg – emphasized that natural gas does not represent a transitionary resource but rather the fuel of the future for Africa. During the important discussion, presentations...
(WO) - ABS and Texas A&M Engineering Experiment Station (TEES) kicked off a batch of new, funded research projects with the signing of a research agreement at the Zachry Engineering Education Complex on the Texas A&M University campus. Patrick Ryan, ABS Senior Vice President and Chief Technology Officer, with Dr. Arul Jayaraman, Executive Assoc...
During last week, the 2023 edition of the Unconventional Resources Technology Conference (URTeC) got underway in Denver with a spirited plenary panel discussion. The four panelists shared insights on how unconventional resources and technology will play a key role in the transition to a low-carbon world, balancing oil and gas with renewables, along...
(Bloomberg) – Long-delayed negotiations between Tanzania and oil majors for a $42 billion onshore liquefied natural gas (LNG) plant were concluded in May, paving the way for agreements to be signed in July. The East African nation could confirm a host government agreement and an amended production-sharing deal with the project’s consortiu...
(WO) – SBM Offshore has signed the project financing of FPSO Alexandre de Gusmão for a total of $1.615 billion. The project financing is provided by a consortium of 12 international banks with insurance cover from 3 international Export Credit Agencies (ECA). The financing is composed of four separate facilities with a ca. 6.6% weighted av...
(Bloomberg) – Italian energy group Eni SpA is nearing a deal to acquire oil and natural gas operator Neptune Energy Group Ltd. for about $5 billion, according to people familiar with the matter. Eni could announce a deal as soon as this week for private equity-backed Neptune, said the people, who asked to not be identified because the discu...
(WO) – QatarEnergy signed definitive agreements with China National Petroleum Corporation (CNPC), covering the long-term supply of LNG to China and partnership in the North Field East LNG expansion project (NFE). The two parties signed an LNG Sales and Purchase Agreement (SPA) for the delivery of 4 million tons of LNG per annum from the NFE...
(WO) – Riverbend Energy Group announced the acquisition of a sizeable non-operated working interest position in the core of the Williston basin. The acquisition provides a high-quality, free cash flow positive non-operated asset base in both the Williston and Permian basins, underpinned by top-tier operators in the most active oil-producing basin...
(WO) – Woodside has made a final investment decision to develop the large, high-quality Trion oil field in Mexico. First oil is targeted for 2028. Woodside is the operator with a 60% participating interest and PEMEX Exploración y Producción (PEMEX) holds the remaining 40%. The forecast total capital expenditure is $7.2 billion with the develo...
(WO) – Angola LNG’s Lobito vessel berthed at Soyo terminal to load the project’s 400th LNG cargo on June 13, 2023. The project’s 400th LNG cargo represents a significant milestone for Angola LNG and coincides with the 10th anniversary since the first cargo of LNG was shipped and delivered safely to Brazil in 2013. Angola LNG has dem...