About ADNOC Gas ADNOC Gas is one of the world’s largest LNG producers, with over 40 years of experience in the LNG market. It operates six LNG trains with a total capacity of 10.5 mmtpa at Das Island, off the coast of Abu Dhabi. ADNOC Gas is responsible for marketing and selling ADNOC’s LNG to […]
QatarEnergy, the world’s largest liquefied natural gas (LNG) company, has announced a long-term condensate supply agreement with Mitsui & Co. Energy Trading Singapore Pte. Ltd. The 10-year deal will start in April 2024 and will supply up to 11 million barrels of condensates per year. Condensates are light hydrocarbon liquids that are produced along with […]
TotalEnergies, a global multi-energy company, has announced that it has signed a definitive agreement to acquire OMV’s 50% interest in SapuraOMV, a Malaysian independent gas producer and operator, for $903 million (including the transfer of a $350 million loan granted by OMV to SapuraOMV) . The transaction is subject to customary closing conditions, including the […]
Canada’s Trans Mountain pipeline expansion project, which aims to increase the capacity of the existing pipeline system from Alberta to British Columbia, has encountered another setback in its construction. The company announced on January 29, 2024, that it had experienced technical issues during the pipeline pullback activity for the Mountain 3 Horizontal Directional Drill (HDD), […]
The Tuapse oil refinery, located on the Black Sea coast of Russia, is one of the largest and most modern refineries in the country. It is owned by Rosneft, the state-controlled oil giant that is a key player in Russia’s energy sector. The refinery processes crude oil from western Siberia and the Caspian Sea, and […]
Russia has been in talks to build a new pipeline to carry 50 billion cubic meters of gas a year from northern Russia to China via Mongolia, almost as much as the now-idle Nord Stream 1 pipeline under the Baltic Sea that was damaged in 2022. The project, called Power of Siberia-2, is expected to […]
The Biden administration announced on Friday, January 26, 2024, that it will temporarily pause the approval of new liquefied natural gas (LNG) export facilities to non-free trade agreement (FTA) countries, pending a comprehensive review of the economic, environmental and security implications of the rapidly growing US LNG industry. The decision has sparked mixed reactions from […]
Shell UK has announced its final investment decision (FID) to develop the Victory gas field in the North Sea. The gas field was discovered nearly 50 years ago by Texaco, but remained undeveloped until now. Victory is one of many Shell projects, both renewable and non-renewable, aimed at enhancing their role in the UK energy […]
ConocoPhillips, one of the world’s leading exploration and production companies, has recently announced its final investment decision to develop the Willow project in Alaska. The Willow project is a major oil drilling project located on the plain of the North Slope of Alaska in the National Petroleum Reserve in Alaska (NPR-A), a federally designated area […]
Talos President and Chief Executive Officer Timothy S. Duncan commented: “Today’s announcement marks one of Talos’s most significant milestones as we build a large-scale offshore exploration and production company. The addition of QuarterNorth’s overlapping deepwater portfolio with valuable operated infrastructure will increase Talos’s operational breadth and production profile while enhancing our margins and cash flow. […]