By Mirza Duran Taiwan’s CPC has awarded French Sofregaz the front-end engineering and design contract for the third expansion phase of its Taichung LNG import terminal. Image: Sofregaz Besides the FEED, the deal also includes project management consultancy (PMC) services, Sofregaz said in a statement. Phase 3 expansion will see the addition of two LNG…
By Bojan Lepic Global oil and gas project sanctioning in 2020 has made a colossal drop in comparison to 2019 levels with Norway, and somewhat Russia, attempting to increase the total sanctioning value. The post… … Read Full Article Here For more great articles: Offshore Energy Today
By Nermina Kulovic Aker Solutions has secured a five-year contract extension from ExxonMobil for the provision of EPC services for the Hebron platform, offshore Newfoundland. The post Aker Solutions gets five-year… … Read Full Article Here For more great articles: Offshore Energy Today
By Nermina Kulovic Giant oilfield services provider Schlumberger is cutting around 21,000 jobs as a response to one of the most challenging quarters in over a decade. The post Schlumberger cuts 21,000 jobs after… … Read Full Article Here For more great articles: Offshore Energy Today
By Nermina Kulovic The upcoming partial return of curtailed OPEC+ oil production from August is set to create a new four-month supply glut of around 170 million barrels, a Rystad Energy analysis reveals. The post… … Read Full Article Here For more great articles: Offshore Energy Today
By Mirza Duran France-based Total said Tuesday it has delivered it first LNG cargo to Chinese state-owned utility Guangdong Energy at the Zhuhai import terminal in Guangdong. Image: Total Guangdong Energy is the largest power generation company in the southern Chinese province, with more than 32 GW installed. “We are fully committed to supporting our…
By Mirza Duran Spanish LNG terminal operator Enagas reported a 9.4 percent profit rise in the first half as its regasification plants continued to operate as usual during the Covid-19 pandemic. Image: Enagas The company said profit after tax in the January-June period increased to 236.3 million euros ($276.9 million). This compares to 216.1 million…
By Nermina Kulovic Eni has successfully tested the well drilled on the prospect called Bashrush, in the North El Hammad concession in the Mediterranean Sea, in the conventional Egyptian waters of the Nile Delta. The… … Read Full Article Here For more great articles: Offshore Energy Today
By Adis Ajdin The leaders of the three Scottish island councils recently welcomed the Scottish and UK governments’ award of £100 million in funding as part of the Islands Growth Deal. EMEC/OIC The money goes to Orkney, Shetland and the Western Isles. The multimillion pound deal will provide investment for local projects across the Scottish…
By Adnan Bajic State-owned Pakistan LNG noted that Azerbaijan’s SOCAR placed the lowest bid to supply a spot LNG cargo in late August. Courtesy of Pakistan LNG Pakistan LNG said that SOCAR’s bid came in at 5.74 per cent of Brent crude oil prices, which is approximately $2.2 per mmBtu. The company sought one cargo…