In mid-April 2024, the FSRU Toscana was successfully towed with the support of two tugs, to the port of Genoa, Italy, where it began the first phase of an ‘extraordinary maintenance intervention’ campaign. The FSRU Toscana was subsequently towed to the port of Marseille, France, where maintenance was completed. The FSRU has recently been towed to its site offshore Livorno, Italy, where it resumed commercial operations at the end of November 2024.
Under the terms of the agreement signed on the sidelines of the African Energy Week last month, JE Energy Limited, which has been awarded contracts to lift and market crude oil from Guyana, shall utilize the two-year facility to finance the purchase and sale of crude oil from Guyana’s Ministry of Natural Resources for onward sale to reputable international offtakers.
Europe is depleting its natural gas reserves at the fastest rate in six years as still winter weather and low temperatures combine to challenge the continent’s transition away from hydrocarbons—and delay it.
Hedge funds and other portfolio managers have been slashing their bearish bets on the European ICE gasoil futures amid falling temperatures and rising natural gas prices in Europe.
These plants only started buying Iranian crude this year after receiving guidance from the US State Department that sanctions wouldn’t be enforced by the Biden administration, according to a note from the industry consultant, which didn’t name the refiners
Europe’s gas inventories have depleted at the fastest rate for eight years, as the region has experienced repeated bouts of colder-than-normal temperatures and low wind speeds since the start of the winter heating season.
DNO had two exploration targets: a deeper prospect (Falstaff), where no reservoir was encountered and a shallower prospect (Othello), where a 16-metre net oil-bearing reservoir was encountered. Preliminary estimates indicate that gross recoverable resources could lie in the 27 million-57 million boe range.
The deal will see Qatar supply 3 million tonnes per year (tpy) of LNG, commencing in January. The duration was not specified.
The company will invest USD 28.5 million in the plant, which will have an output of 800 tonnes of green hydrogen a year, placing it among South America’s largest such facilities.
PetroTal’s technical team has already identified numerous synergies between the Block 131 assets and our existing operations at Block 95. Similar to the strategy we have already successfully employed at Bretaña, we plan to apply modern drilling techniques at the Los Angeles field, which has significant unutilized facility capacity. We are currently finalizing our development plan for the assets and look forward to providing more details at the appropriate time.