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Reliability trumps decarbonization, energy execs say
Snipped from DNV's Trilemma and Transition report. Credit: DNV.The past two years have been tough for energy executives both on the electricity side and the…
Hydrogen Production
BP Launches Plans for 2GW Green Hydrogen Cluster in Spain
Oil and gas giant bp has today (February 28) launched plans for a 2GW green hydrogen cluster in the Valencia region of Spain at its Castellón refinery, d…
Oil&Gas Drilling
Namibia’s Exploration Multi-Well Drilling Campaign Begins Amidst High Expectation
TotalEnergies’ move to direct $300 million – half of its 2023 budget – in exploring Namibian basins this yearAfrica-focused independent explor…
Geothermal Power Plant
Geothermal Transition Summit Aims to Bridge the Gap Between Energy Industries
The newly established Geothermal Transition Summit by Offshore Network aims to help bridge supply chain gaps for the oil and gas industry to contribute to the g…
Oil Exploration
Guyana to Award Oil, Gas Blocks to Indian Companies
Guyana is working with the Indian government on awarding oil and gas exploration blocks to Indian companies, Vice President Bharrat Jagdeo said.The South Americ…
Oil&Gas Drilling
Valaris Awarded 330-Day Contract Extention by Shell Nigeria for Valaris Ds-10
Valaris has been awarded a 330-day priced option exercised by Shell Nigeria Exploration and Production Company (SNEPCo) offshore Nigeria for drillship VALARIS D…
LNG
Perenco Achieves Fid for Gabon LNG Facility
Independent oil and gas company, Perenco, has announced that it has taken a final investment decision for a 700,000-ton Liquefied Natural Gas facility in Gabon,…
Oil & Gas Trade
GLOBAL MARKET FOR OILFIELD SERVICES CONTRACTORS TO REACH $1 TRILLION IN 2025
(Source: Rystad Energy – Image: Frack operation in the Permian Basin/Lorne Matalon)Rystad Energy expects the global market for oil and gas contractors to …
LNG
Svanehøj provides tank gauging system to Venture Global LNG
As the US strives to meet the growing demand for LNG in Europe, more LNG tanks are required. Svanehøj France has provided safety instrumentation and soft…
Geothermal Power Plant
Consortium Completes First-Of-Its-Kind Offshore Geothermal Assessment Project
The Aquarius North Sea Geothermal Consortium Led by Zegen Energy Has Completed an Offshore Geothermal Assessment Project Based on an Oil and Gas Field in the Uk…
Oil Exploration
Egypt Plans 3 Tenders for Oil and Gas Exploration, Production in 2023 -Minister
Flames rise from an oil refinery in Cairo, May 6, 2008. Image used for illustrative purpose.Reuters Images/Nasser NuriEgypt plans to offer three international t…
Oil Pipeline
USA EIA Reveals Latest Gasoline and Diesel Price Forecasts
The U.S. Energy Information Administration (EIA) has revealed its latest gasoline and diesel price forecasts for 2023 and 2024 in its February short term energy…
Oil and Gas Equipment
Petrogas Picks Umbilicals Provider for North Sea Gas Fields
JDR, part of TFKable Group, has secured a contract from Petrogas E&P Netherlands for the supply of two umbilicals for offshore conventional gas fields in the Ne…
Oil & Gas Trade
What Would War-End Mean for Global Oil and Gas?
The end of the war in Ukraine would reduce pressure on Western governments to continue expanding sanctions on Russia’s oil and gas sector.That’s acc…
Oil & Gas Trade
BP Posts Record Profit and Raises Dividend on Oil Price Boost
Fuel prices at a BP filling station in Liverpool. BP will invest up to $1 billion a year in 'high quality' oil and gas projects. PAOil company BP has po…
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