Called MLF-O, the next-generation design from SHI optimizes the production facility for deepwater areas with a wave height of nine meters. According to SHI, the design has the advantage of providing faster delivery and cost-effective efficiency compared to onshore plants. ABS completed design reviews based on class and statutory requirements.
Developers of U.S. LNG export projects have started taking final investment decisions on new facilities this year, with several plans expected to add in 2025 to Woodside’s Louisiana LNG approval, despite rising construction costs due to President Trump’s steel and aluminum tariffs.
Subsea7 has been awarded a front-end engineering and design contract by ConocoPhillips Skandinavia for the Previously Produced Fields development project offshore Norway, Subsea7 said on Monday.
The new reserve was located at the Goktepe-3 well, situated 69 kilometres west of the Sakarya gasfield and 165 kilometres offshore, following 49 days of drilling by the high-tech vessel Abdulhamid Han. The well lies at a depth of 3,500 metres, and exploration began on March 27. The discovery, officially announced on May 16, is expected to meet the country’s residential natural gas demand for three and a half years.
TotalEnergies has signed an agreement to purchase 2 million tonnes per annum of LNG over 20 years from the Ksi Lisims LNG project in British Columbia, Canada, the company said on Monday.
The agreement, subject to the project’s final investment decision, also includes TotalEnergies acquiring a 5% stake in Western LNG, the project’s developer and future operator, with the option to raise its participation up to around 10% upon FID.
U.S. oil and gas exploration and production company EOG Resources Inc. has secured a new exploration concession in Abu Dhabi. The company said in a media release that it has been awarded Unconventional Onshore Block 3 (UCO3) by Abu Dhabi’s Supreme Council for Financial and Economic Affairs (SCFEA).
Turkey has discovered 75 billion cubic meters of natural gas worth $30 billion dollars in the Black Sea, according to President Recep Tayyip Erdogan.
Utilizing scientific and engineering analysis, the Railroad Commission of Texas has issued new guidelines that further strengthen permitting of disposal wells in the Permian basin.
In order to further enhance the integrity of the underground disposal of produced water, new requirements will be implemented for saltwater disposal well (SWD) permit applications in the region. Produced water is a byproduct of oil and gas production and is injected into SWDs.
Sable Offshore has restarted production at the Santa Ynez Unit (SYU), offshore California, marking a major milestone for the development once owned by ExxonMobil. The Santa Ynez Unit was previously shut down in May 2015 after facing regulatory hurdles and a pipeline leak.
Goldman Sachs analysts have revised their outlook for global oil demand upwards, now expecting growth of 600,000 barrels daily this year and 400,000 barrels daily in 2026.
The bank, however, maintained its oil price forecast at $60 per barrel of Brent crude and $56 per barrel of West Texas Intermediate for this year, Reuters reported, citing a new note. Brent crude was trading at over $65 per barrel at the time of writing, and WTI was trading at over $62.
The total number of active drilling rigs for oil and gas in the United States slipped again this week, according to new data that Baker Hughes published on Friday, following a 6-rig decrease last week.
The total rig count in the US fell by 6 to 578 rigs, according to Baker Hughes, down 25 from this same time last year.