According to Reuters on the 8th November, trade sources have reported that Argentina’s YPF SA has loaded its first commercial LNG cargo for export from a new floating LNG (FLNG) unit located off Bahia Blanca. This follows the news in June this year, when…
European majors remain committed to E&P West of Shetland (WoS) despite the recent withdrawals by Chevron and ConocoPhillips, according to GlobalData. However, infrastructure restraints could hinder future growth potential in the basin. Around 75% of blocks offered under the 30th UK Offshore Licensing…
Latin American states like Colombia have been important producers of oil and gas for this southern continent, the Caribbean and North American markets. Colombia’s crude oil production is primarily located onshore, in the north-west and centre of the country, close to major refined product-consuming…
Cyprus has approved the development plan and granted an exploitation licence for the Aphrodite offshore gas field to a Noble Energy-led consortium. First gas is expected to start flowing in 2025. Noble Energy operates the offshore Block 12 containing the Aphrodite discovery with a…
Following the mega-auction of production-sharing rights in the Brazilian presalt on the 6th November, Petroleo Brasileiro SA (Petrobras) will serve as operator with a 90% stake in a consortium with CNODC Brasil Petroleo e Gas Ltda (5% stake) and CNOOC Petroleum Brasil Ltda (5% stake)…
It is the first of three ABS-classed, semi-submersible type units designed by Principle Power housing MHI Vestas turbines that will make up for a total of 25 MWs of floating offshore wind power. This is continental Europe’s first larger scale floating wind farm, 20…
Titan LNG has announced that, as part of a joint effort with the Port of Ijmuiden and the OD IJmond, the first LNG bunkering operation involving the Werkendam LNG powered crane vessel has been completed. Jippe van Eijnatten, director business development at Titan LNG,…
Royal Boskalis Westminster N.V. has commissioned Huisman to deliver a 4,000-metric ton offshore mast crane for its vessel Bokalift 2. With a lifting capacity of 4,000 metric tons at 100 metres (328 feet) above deck, this crane is said to be able to lift…
The Bureau of Land Management (BLM) Alaska State Office will hold an oil and gas lease sale bid opening for 350 tracts in the National Petroleum Reserve in Alaska (NPR-A). The oil and gas lease sale bid opening will be at 10 am (AKST)…
The days of relentless production growth from US shale oil fields are ending, potentially aiding OPEC’s years-long effort to drain a worldwide supply glut, according to industry pioneers Scott Sheffield and Mark Papa. Investor calls for shale producers to shut down rigs and stop burning through…
