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INPEX to Accelerate Expansion of LNG Production and Sales
January 13, 2023
INPEX Corp., Japan’s biggest oil and natural gas explorer, aims to accelerate its expansion of production and sales of liquefied natural gas (LNG) on the premise that LNG market will remain tight in the mid-term, its CEO said on Thursday.
Norway Offers 47 New Offshore Production Licences to 25 Oil Companies
January 12, 2023
Norway’s Ministry of Petroleum and Energy has offered 47 new production licenses on the Norwegian continental shelf, as part of the licensing round APA 2022. According to the Ministry’s statement, the awards in predefined areas (APA) is an annual exploration
ExxonMobil to Divest Stake in Esso Thailand to Bangchak for $603 Million
January 12, 2023
ExxonMobil has agreed to sell the stake of 65.99 percent held by its affiliate ExxonMobil Asia in Esso Thailand to Bangchak (BCP) for $603 million. Esso Thailand is an integrated petroleum refining, petrochemical, and marketing firm in Thailand. The deal
Transocean Wins Contracts and Extensions Worth $488 Million for Five Drilling Rigs
January 5, 2023
Transocean Ltd. has secured contract awards or extensions for five of its drilling rigs. Together, the fixtures represent approximately $488 million of firm backlog. Deepwater Invictus, an ultra-deepwater drillship, was awarded a new three-well contract with an estimated 100-day duration
First LNG Cargo Arrives at Germany’s LNG Terminal in Wilhelmshaven
January 4, 2023
Uniper brought Germany’s first full cargo of liquefied natural gas to the new LNG terminal, operated by Uniper, in Wilhelmshaven. The LNG ship Maria Energy, owned by Tsakos Energy Navigation was loaded in Calcasieu Pass, USA, at the liquefaction facility
Aker BP and Partners to Invest $20 Billion to Develop Offshore Norwegian Fields
December 20, 2022
Aker BP said that alongside its partners, the company has filed ten plans for development and operation (PDOs) and a plan for installation and operation (PIO), representing investments of over NOK$20 billion ($20.3 billion) to the Norwegian Ministry of Petroleum
Shell to Acquire Danish RNG Producer Nature Energy Biogas for $2 Billion
November 30, 2022
Nature Energy Biogas has entered into a definitive agreement under which Shell Petroleum NV, a wholly owned subsidiary of Shell will acquire 100 percent of the company for a total enterprise value of nearly $2 billion. Nature Energy owns and
Chevron and JERA Advance Lower Carbon Solutions in Asia Pacific and the U.S.
November 29, 2022
Chevron Corporation, through its Chevron New Energies business, and JERA are collaborating on multiple lower carbon opportunities — including production; carbon capture, utilization, and storage; and new technology commercialization — focused on the U.S. and Asia Pacific region. The companies
Mozambican President Nyusi Inaugurates $8 Billion Coral South FLNG Project
November 28, 2022
Eni said that Mozambican President Filipe Jacinto Nyusi has inaugurated the company and its partners’ $8 billion Coral South floating LNG (FLNG) project in the ultra-deep waters of the East African country’s part of the Rovuma Basin. The inauguration, which
Equinor and Partners to Invest $1.44 Billion in Irpa Gas Field to Boost Exports to Europe
November 28, 2022
Norway’s energy giant Equinor will invest the equivalent of $1.44 billion with its partners to develop the Irpa gas field north of the Arctic circle in the Norwegian Sea and export the gas to Europe. Equinor and its partners Petoro,
