babyjatt

As Venezuela faces a regime change, the country’s production recovery is staring at a decade-long timeline despite near-term supply gains, according to Wood Mackenzie, an energy intelligence group, which believes that additional Venezuelan barrels could pressure Brent prices below mid-to high $50 per barrel (bbl) of oil in the first quarter of 2026 amid oversupply and also realign flows, diverting Middle East heavy barrels to Asia and intensifying competition for Canadian crude in the U.S. Gulf Coast. The post Oil oversupply risks and global crude trade realignment loom with Venezuela’s regime change appeared first on Offshore Energy.

Marine services provider V.Group has acquired Njord, a Denmark-based green technology business founded by […] The post Maersk Tankers’ green technology business changes ownership appeared first on Offshore Energy.

ADNOC, in partnership with Italy’s Eni and Thailand’s PTT Exploration and Production Public Company (PTTEP), has secured a structured financing transaction of up to $11 billion (AED 40.4 billion) for its multibillion-dollar giant sour gas development, which is set on becoming the world’s first project to operate with net-zero emissions. The post $11 billion financing in place for giant offshore gas project appeared first on Offshore Energy.

With Brazil, West Africa, Southeast Asia, and Namibia at the heart of its expansion quest and its frontier push revolving around carbon capture and low-carbon moves, Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, has set its cap on rolling out practical emissions-reduction solutions across its fleet of mobile offshore production units (MOPUs), as all-electric floating production facilities are perceived to still be a distant prospect. The post Exclusive interview with Yinson Production: Deepwater plays setting the stage for ‘robust’ FPSO and FSO market dynamics appeared first on Offshore Energy.

UK-headquartered Tullow Oil, an independent energy company with operations in West Africa, is set on bringing on stream a recently completed well shortly at an oilfield off the coast of Ghana, which was drilled with a drillship owned by Noble Corporation, a U.S.-based offshore drilling giant. The firm is planning to spud five more wells this year. The post One well due online soon as drilling ops start at another with four more to follow suit off Africa appeared first on Offshore Energy.

Carnegie Clean Energy’s wholly owned subsidiary, CETO Wave Energy Ireland, has received two EuropeWave […] The post CETO Wave Energy Ireland passes halfway mark on EuropeWave payment appeared first on Offshore Energy.

Oslo-listed global consultancy ABL Group has been hired for work on the second phase of Northern Lights, part of the Longship full-scale carbon capture and storage (CCS) project in Norway. The post Northern Lights gig lands on ABL’s plate appeared first on Offshore Energy.