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Nebula Energy Acquires Majority Stake in AG&P LNG for $300M

Jan 31, 2024

Nebula Energy, a U.S.-based asset management company focused on liquefied natural gas (LNG), has acquired majority stake in AG&P LNG for $300 million.With operational headquarters in the UAE, AG&P LNG will now operate as an independent subsidiary of Nebula Energy with key offices in UAE, Singapore, India, Vietnam, and Indonesia.Peter Gibson has been appointed as Chairman, Sam Abdalla as Vice Chairman while Karthik Sathyamoorthy will continue to remain the CEO of AG&P LNG…

Japan’s Mitsubishi Invests in EIG’s LNG Unit MidOcean Energy

Apr 02, 2024

MidOcean Energy, a global liquefied natural gas (LNG) company formed and managed by EIG, has secured a strategic investment from Mitsubishi Corporation, set to accelerate its strategy to create a global ‘pure play’ integrated LNG company.The…

Seatrium Starts Fabrication of Shell's Sparta FPU

Jan 25, 2024

Seatrium has started the steel fabrication for Sparta semi-submersible floating production unit (FPU), which is the Singapore-based company’s third FPU to be built for its long-standing customer Shell.The steel cutting ceremony marks the beginning…

Valeura Gears Up for Busy Year in Gulf of Thailand

Jan 18, 2024

Canada-based oil and gas company Valeura Energy has announced plans to invest around $8 million in 2024 for new exploration within its Gulf of Thailand licenses, with opportunities identified in Wassana North, Nong Yao D, and the Ratree Prospect…

Samsung Heavy Industries Gets $1.5B FLNG Order

Jan 05, 2024

Samsung Heavy Industries (SHI) has secured an engineering, procurement and construction (EPC) contract for a new floating LNG production unit worth $1.5 billion.SHI formed a consortium with Black & Veatch for the delivery of the new FLNG unit…

Shell Takes 100% Working Interest in GoM Kaikias Field

Dec 14, 2023

Supermajor Shell reports it now has 100% working interest in the Kaikias field in the U.S. Gulf of Mexico after acquiring a 20% stake from Mitsui's MOEX North America.The field Kaikias, located in the prolific Mars-Ursa basin, approximately 130 miles from the Louisiana coast…

Recent Oil Mega-deals Show Hydrocarbons are 'Here to stay' -Saudi Energy Minister

Oct 25, 2023

Saudi Energy Minister Prince Abdulaziz bin Salman said on Tuesday that recent multi-billion dollar acquisitions by U.S. oil majors Exxon Mobil and Chevron of smaller rivals showed that hydrocarbons were 'here to stay'.'Exxon, Chevron didn't buy because they want to have stranded assets…

Transocean's Quarterly Rig Fleet Report: $745 Million in Drilling Contracts Secured

Oct 19, 2023

Deepwater drilling contractor Transocean shared Thursday its quarterly offshore rig fleet status report, in which it said it had secured $745 million worth of drilling contracts.During the period, the company secured contracts for three drillships: Dhirubhai Deepwater KG1…

Aramco, Exxon CEOs Push Back against Forecasts of Peak Oil Demand

Sep 19, 2023

The CEOs of top Saudi Arabian and U.S. oil producers Aramco and Exxon Mobil on Monday pushed back against forecasts that oil demand will peak, and said the transition to cleaner energy to fight climate change would require continuing investment in conventional oil and gas…

MISC Unveils 'Green' FPSO Design

May 03, 2023

MISC, a Malaysian provider of offshore energy solutions and facilities, on Tuesday unveiled what it called a 'future-ready Newbuild Floating Production Storage & Offloading (NBFPSO) Unit' at OTC Houston 2023. 'It is the world’s first NBFPSO…

Alaska's Qilak LNG Targets Asia with $5B Project to Compete with Russia

Mar 08, 2023

Qilak LNG plans to invest $5 billion in a proposed liquefied natural gas (LNG) facility in Alaska's North Slope to compete with Russia's Yamal project for Asian customers towards the end of this decade, its chief executive said. Major LNG importers such as Japan…

Brent Oil Drops on Fears of Global Economic Slowdown

Feb 21, 2023

Brent oil prices fell on Tuesday as fears that a global economic slowdown would reduce fuel demand prompted investors to take profits on the previous day's gains. Traders are awaiting the minutes of the latest Federal Reserve meeting, due on Wednesday…

Big Oil Doubles Profits in Blockbuster 2022

Feb 08, 2023

Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile energy prices where Russia's invasion of Ukraine reshaped global energy markets and, in some cases, the industry's climate ambitions…

China's CNOOC Steps up Western Retreat with Launch of U.S. Assets Sale - sources

Nov 24, 2022

Chinese oil and gas major CNOOC has sounded out potential buyers of its interests in U.S. oilfields, two sources said, stepping up its retreat from Western nations amid sanctions concerns and calls for domestic investment. Reuters reported in…

Japan's Inpex Lifts Profit Forecast on Higher Energy Prices

Nov 08, 2022

Japan's biggest oil and gas explorer, Inpex Corp, lifted its full-year profit forecast by 14% to a record 400 billion yen ($2.7 billion) thanks to higher-than-expected oil and gas prices and the yen's plunge against the U.S. dollar. The company…

Current News

Yinson Production Refinances FPSO Anna Nery Through $1B Bond Placement

Yinson Production Refinances FPSO Anna Nery Through $1B Bond Placement

ABL Helps Shelter 45 ONGC Rigs Ahead of Storm

ABL Helps Shelter 45 ONGC Rigs Ahead of Storm

Hess Shareholders Sign Off On $53 Billion Sale to Chevron

Hess Shareholders Sign Off On $53 Billion Sale to Chevron

Oil and Gas Firm Santos Taps Japan's Hokkaido Gas for LNG Supply

Oil and Gas Firm Santos Taps Japan's Hokkaido Gas for LNG Supply

Valeura Starts New Drilling Campaign at Nong Yao Offshore Thailand

Valeura Starts New Drilling Campaign at Nong Yao Offshore Thailand

China’s CNOOC Acquires Five Offshore Blocks in Mozambique

China’s CNOOC Acquires Five Offshore Blocks in Mozambique

Russia Planning New Sea Terminal for LPG Exports to Asia

Russia Planning New Sea Terminal for LPG Exports to Asia

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