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 […]
The global liquefied natural gas (LNG) market is undergoing a major shift as the U.S., the world’s largest LNG exporter, has paused approvals of new LNG export terminals due to climate concerns. The U.S. LNG industry has been growing rapidly in recent years, driven by abundant shale gas production, technological innovation, and growing demand from […]
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 […]
Russia’s invasion of Ukraine in February, 2024 has sparked a global crisis that has far reaching implications for the oil and gas industry, global energy prices, and consumer supply in both countries. Industry Impact The war in Ukraine has exposed the vulnerability of the oil and gas industry to geopolitical shocks and supply disruptions. Russia […]
The Great Lakes Tunnel Project is a proposed plan to build a tunnel deep under the Straits of Mackinac, a narrow waterway that connects Lake Michigan and Lake Huron, to house a replacement segment of Enbridge’s Line 5 pipeline. Line 5 is a 645-mile-long pipeline that carries light crude oil and natural gas liquids 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 […]
Oil and gas jobs offer enticing opportunities for career growth and financial stability, often drawing employees away from their homes and families for extended periods. While the lure of travel and added income potential is strong, the toll on personal lives, mental well being, and family dynamics cannot be overlooked. Let’s explore the plight of […]