4+ day, 1+ hour ago   (703+ words) The German Government considers that it does not need to intervene in the market to accelerate gas storage before next winter. The Ministry of Economy estimates that available reserves, together with imports via pipelines and liquefied natural gas (LNG) terminals,…...

4+ day, 23+ hour ago   (615+ words) Ventura Offshore expanded its presence in the international offshore drilling market after reaching two new agreements related to deepwater operations. The company will manage Eldorado Drilling’s Deep Value Driller drillship and participate in a PETRONAS campaign off Indonesia. On the…...

4+ day, 23+ hour ago   (771+ words) ExxonMobil will assume operatorship of the Papua LNG project, valued at around US$14 billion, as its partners move toward the Final Investment Decision (FID). The shift puts the US oil major in charge of one of Papua New Guinea’s leading…...

5+ day, 4+ hour ago   (420+ words) Furthermore, Saipem’s involvement in Sakarya extends beyond services related to the FPU Osman Gazi, in May 2023, Turkish Petroleum awarded a contract to a consortium comprised of SLB, Subsea7 and Saipem an EPCI contract corresponding to the second phase of field development....

5+ day, 5+ hour ago   (432+ words) Temperature trends will be crucial in determining whether available reserves can meet gas demand throughout the heating season, in a mild winter scenario, INES estimates that starting November with reservoirs at 77 % capacity would allow for sufficient seasonal consumption. Under these…...

6+ day, 2+ hour ago   (295+ words) Securing this latest contract with Samsung Heavy Industries reflects the strength of our relationship, the confidence Samsung continues to place in our technology and team, and our shared commitment to delivering successful projects The company hopes to continue strengthening this…...

6+ day, 30+ min ago   (795+ words) For its part, TotalEnergies agreed to transfer the operation of Papua LNG to ExxonMobil PNG Antelope Limited and partially reduce its stake among the joint venture partners. For Santos, the acquisition will have an approximate price of US$189 million. The…...

5+ day, 23+ hour ago   (873+ words) Six LNG carriers empty spaces advance towards Qatar while QatarEnergy evaluates the necessary conditions to recover its liquefied natural gas exports through the Strait of Hormuz. The movement of these vessels toward the Gulf represents a further indication of Qatar’s…...

1+ week, 19+ hour ago   (626+ words) Pressure for LNG this is the scenario that is beginning to shape the European energy market, given exceptionally low gas reserves and growing competition with Asia for available shipments. Europe is heading into winter with gas reserves among the lowest…...

1+ week, 1+ day ago   (836+ words) TotalEnergies assumed operation of PEL 83, the license that hosts the Mopane discovery, after the agreed stake swap was completed with Galp and Namibia the transaction also allows the Portuguese company to enter the PEL 56 and PEL 91 blocks. Following the closing…...