UK-headquartered energy giant Shell has hit a dead end in its plans for oil and gas exploration off South Africa’s Wild Coast, after the Constitutional Court overturned a Supreme Court of Appeal (SCA) order that had kept the project alive, delivering a major victory for environmental groups and local communities. The post Shell loses five-year legal fight as South Africa’s court sets aside Wild Coast exploration permit appeared first on Offshore Energy.

Brazil’s state-owned energy giant Petrobras has notched a new production milestone, with one of its oil fields surpassing 4 billion barrels of cumulative output as the pre-salt, now entering its third decade, cements its status as the company’s production powerhouse in Brazilian waters. The post 73 years in the making: Petrobras’ oil field exceeds 4 billion barrels as Brazil’s pre-salt turns 20 appeared first on Offshore Energy.

UK-headquartered energy giant BP and its partners, ADNOC’s XRG and UCC Oil and Gas Holding, have secured a key licence off the coast of Venezuela in a push to unlock 4 trillion cubic feet (tcf) of proven gas resources. The post BP, XRG, and UCC on 4 tcf Venezuelan gas quest as offshore development gathers pace appeared first on Offshore Energy.

Golar LNG, a Bermuda-headquartered liquefied natural gas (LNG) midstream infrastructure owner and operator, has booked Seatrium, a Singapore-headquartered offshore, maritime, and energy solutions provider, for a potential third floating LNG (FLNG) conversion project. The post Seatrium lines up third FLNG conversion assignment with Golar LNG appeared first on Offshore Energy.

Greece’s transmission system operator (TSO) Independent Power Transmission Operator (IPTO), as the project promoter […] The post Investment approval request submitted for Cyprus-Israel interconnector, project viable in all scenarios appeared first on Offshore Energy.

A giant multibillion-dollar liquefied natural gas (LNG) export project in South America is laying the groundwork for a final investment decision (FID) by the end of 2026, with the submission of its application to join Argentina’s Large Investment Incentive Regime (RIGI), bringing the country closer to unlocking one of the world’s largest new gas export developments and transforming its vast Vaca Muerta resources into a major source of LNG supply. The post $51 billion LNG megaproject takes ‘important’ step on path to FID by year-end appeared first on Offshore Energy.

Breakwater rehabilitation works have started in Portugal for Eco Wave Power’s megawatt-scale wave energy […] The post Breakwater rehabilitation making headway for Portugal’s 1 MW wave energy project appeared first on Offshore Energy.

Greek Hellenic Cables, the cables segment of Belgium-headquartered Cenergy Holdings, has secured a turnkey […] The post €1.5 billion turnkey contract awarded for Greek interconnection appeared first on Offshore Energy.

U.S.-headquartered LLOG Exploration, a subsidiary of Harbour Energy, has decided to move forward with the development of a subsea tie-back to an existing floating production system (FPS) in the Gulf of America (U.S. Gulf of Mexico). The post Subsea tie-back development to US Gulf oil & gas asset is a go appeared first on Offshore Energy.

Japan’s shipping giant Mitsui O.S.K. Lines (MOL) has confirmed the completion of a six-vessel liquefied natural gas (LNG) carrier newbuilding program for China National Offshore Oil Corporation (CNOOC), following the naming of the last vessel in the series at Hudong-Zhonghua Shipbuilding in China. The post MOL puts bow on six-vessel newbuilding program with final LNG carrier delivery appeared first on Offshore Energy.