Venture Global LNG, Inc reported the 27th June that it has raised US$675 million of additional capital from institutional investors, bringing total committed capital raised for its South Louisiana LNG export projects to more than US$2.8 billion. Venture Global will earmark most of the…
Rockhopper has been given a boost after an international tribunal rejected Italy’s request for the suspension of the arbitration initiated by the oil company against Italy related to its Ombrina Mare field in the Adriatic Sea. The company started international arbitration proceedings against Italy…
Oil Search Ltd, Port Moresby, has exercised an option to increase its oil and gas interests in Alaska with a view toward starting 30,000 b/d of early production by 2022 from Nanushuk oil field in the Pikka Unit. It is buying remaining interests of…
Lloyd’s to tackle emerging risks with new £53 million innovation facility backed by 12 carriers Lloyd’s has launched a new initiative with £53 million capacity to expedite product development for new and emerging risks in the re/insurance marketplace. The move is a part of John…
Thai PTTEP said on the 27th June that it had made largest ever gas discovery ever in Malaysia, but came short of providing the estimated size. It said the discovery offshore Sarawak was a “multi-tcf” one. Energy intelligence firm Wood Mackenzie thinks the discovery…
With LNG greenfield investments expected to reach near US$103 billion this year, 2019 is set to shatter previous records for the oil and gas industry, according to energy research firm Rystad Energy. And Africa is leading the way. With some LNG mega-projects in…
BP is investing in a Silicon Valley start-up which aims to help feed the world by turning natural gas into food for fish farms and livestock. The British oil and gas major is putting US$30 million into Calysta, which aims to meet the growing…
Peru’s government has approved Tullow’s entry into two offshore licences, Z-38 and Z-64. The company and Karoon Gas plan an exploration well early next year on Z-38, which may target the Marina prospect. Also, off Guyana, Tullow plans to drill two back-to-back exploration…
Vestas has signed an 18 MW contract with VRG Wind 060 for the extension of the Mazara del Vallo wind park in Sicily. Utilising Vestas’ industry-leading technology and the operation data from the site’s existing wind turbines to boost energy production and mitigate production…
Damen Shiprepair Amsterdam has completed maintenance work on the diving support vessel (DSV) Deep Arctic. Damen said on the 26th June that a substantial proportion of the maintenance work was done in dry dock. According to the company, the 156-metre, TechnipFMC-owned, Deep Arctic…
