Centrica, a leading UK energy company, has announced a deal with Repsol, a Spanish energy giant, to purchase one million tonnes of liquefied natural gas (LNG) shipments between 2025 and 2027. The LNG will be delivered to the Grain LNG import terminal in Kent, which is one of the largest in Europe and can supply […]
QatarEnergy, the state-run energy company of Qatar, has awarded Qatar’s Gas Transport Company Limited, Nakilat, with the full ownership and operation of 25 conventional-size liquified natural gas (LNG) carriers under a Time Charter Parties (TCP) agreement, the Qatari gas giant announced on Saturday. A TCP stipulates that a shipowner leases a fully equipped and manned […]
Diamondback Energy Diamondback Energy is a publicly traded, independent oil and natural gas company headquartered in Midland, Texas. The company focuses on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin. Diamondback’s activities are primarily directed at the horizontal development of multiple stacked pay zones in […]
Helix Energy Solutions Group, Inc., an international offshore energy services company, has announced the extension of its decommissioning contract with Trident Energy do Brasil Ltda, a subsidiary of Trident Energy L.P., an independent oil and gas company focused on acquiring and operating mid-life oil and gas assets. The contract extension is for an additional 12 […]
Citgo Petroleum, a Houston-based oil refiner owned by Venezuela’s state oil company PDVSA, is at the center of a historic case to settle Venezuelan debts. The South American nation has defaulted on billions of dollars of bonds, and expropriated assets from foreign companies, including ConocoPhillips. Conoco’s Claim ConocoPhillips is the largest creditor in the case, […]
What Happened The Canada Energy Regulator (CER) issued an Inspection Officer Order to Trans Mountain on January 31, 2024 for environmental non-compliances near Abbotsford, BC. The order was issued after an inspection of the pipeline expansion project in response to recent flooding. The inspection found multiple environmental deficiencies. These included: The CER ordered Trans Mountain […]
What does the merger mean for the companies and the industry? Aera Energy and CRC are two of the largest oil and gas producers in California, with complementary assets, operations and expertise. By joining forces, they aim to create a stronger and more resilient company that can deliver value to shareholders, customers, employees and communities. […]
Woodside and Santos Woodside Energy is Australia’s largest independent oil and gas company, with a current market capitalization of about US$40 billion. It operates assets throughout Australia as well as international projects in the Caribbean and the US. It is the operator of the North West Shelf, Australia’s largest LNG project, and has stakes in […]
Methane is a potent greenhouse gas that contributes to global warming and climate change. Reducing methane emissions from oil and gas operations is a key priority for the industry and a collective ambition for the signatories of the OGDC at COP28. One of the signatories, TotalEnergies, has developed a pioneer technology called AUSEA (Airborne Ultralight […]
Venture Global LNG and Grain LNG have announced a new deal that will strengthen the security and diversity of natural gas supply to the UK and Europe. The two companies have executed a binding long term terminal use agreement (TUA) enabling the regasification and sale of LNG from all of Venture Global’s terminals in Louisiana, […]