News

  • Fluxys takes FID on Zeebrugge LNG expansion

    Fluxys LNG has taken final investment decision on an additional six million tonnes/year (tpy) of regasification at its 11.2-million tpy Zeebrugge LNG terminal in West Flanders, Belgium, having fully subscribed a binding open season for the capacity.   Phase 1 of the expansion (4.7 million…

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  • Record gas deliveries for Baltic Sea pipeline

    Nord Stream AG transported 59.2 bcm of gas to consumers in Europe last year through the Nord Stream pipeline.   This was the highest annual figure since the start of operations in 2011 for the system, which transports Russian gas across the Baltic Sea to…

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  • NZOG, Beach surrender deep-water permit off New Zealand

    NZOG and Beach Energy, joint venture owners of the New Zealand exploration permit which holds the Barque gas prospect, have applied to relinquish the deep-water block. New Zealand Oil & Gas (NZOG) and partner Beach Energy said on the 16th February that they applied to…

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  • BP and Chevron Invest in Geothermal Player

    Eavor Technologies, which describes itself as the leader in scalable geothermal technology, has completed a US$40 million funding round.   Investors in the round included BP Ventures, Chevron Technology Ventures, Temasek, BDC Capital, Eversource, and Vickers Venture Partners, Eavor highlighted, adding that the investments, and…

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  • Trio combines for full-service North Sea tiebacks

    Repsol Sinopec Resources UK, Petrofac, and TechnipFMC have formed an alliance to help maximise oil and gas recovery from UK offshore fields.   The partnership will offer owners of oil and gas discoveries near Repsol Sinopec’s North Sea infrastructure hubs an integrated, commercially flexible solution…

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  • Carnarvon Petroleum to redevelop Timor-Leste field

    Carnarvon Petroleum Ltd will drill Buffalo-10 in the second-half 2021, targeting the crest of the proven Buffalo oil field, offshore Timor-Leste in Bonaparte basin.   The well is in production sharing contract (PSC) TL-SO-T 19-14 and is the first step to redevelop the field. Once…

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  • India Deal-making Could Shake Up Asian LNG Markets

    Royal Dutch Shell, the world’s largest liquefied natural gas, said last month it had installed an LNG loading facility for trucks at its five million tonnes per annum (mtpa) LNG import terminal at Hazira, a major port on India’s east coast.   India’s oil minister,…

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  • Beach reveals size of Otway basin discovery off Australia

    Australian oil and gas company Beach Energy has announced reserves in the nearshore Enterprise gas field located in the Victorian Otway Basin offshore Australia.   Beach Energy said that the Enterprise-1 well discovery led to a 2P reserves booking for the field of 21 mmboe…

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