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Chevron’s drilling ops in Nigerian waters lead to new hydrocarbon discovery

Chevron Nigeria Limited (CNL), a subsidiary of the U.S.-headquartered Chevron and the operator of the Nigerian National Petroleum Company (NNPC)/CNL joint venture, has made a new hydrocarbon discovery off the coast of Nigeria, Africa. The post Chevron’s drilling ops in Nigerian waters lead to new hydrocarbon discovery appeared first on Offshore Energy.

EU endorses ban on Russian pipeline gas and LNG imports

In a move to wean itself completely off Russian oil and gas imports, the European Union (EU) has given the green light for a ban on imports of pipeline gas and liquefied natural gas (LNG), with oil expected to follow suit in 2027. The post EU endorses ban on Russian pipeline gas and LNG imports appeared first on Offshore Energy.

Eni secures multimillion-dollar loan for African FLNG project

The board of directors of the African Development Bank has signed off on a loan for a second floating liquefied natural gas (FLNG) project, which Italy’s energy giant Eni will develop in the supergiant Rovuma basin off the coast of Mozambique, Africa. The post Eni secures multimillion-dollar loan for African FLNG project appeared first on Offshore Energy.

African field days away from flipping oil production switch on almost 30 years after shutdown

Akrake Petroleum, a wholly-owned subsidiary of Lime Petroleum Holding, which is an 89.74% subsidiary of Singapore’s Rex International Holding, has updated its timeline for bringing back online an oil field off the coast of Benin that ceased production due to low oil prices in the late 1990s. The post African field days away from flipping oil production switch on almost 30 years after shutdown appeared first on Offshore Energy.

Italian firm dips its toes into LNG market by joining 25 mtpa project in Louisiana

Italy’s Tecnimont, Maire’s company focused on integrated engineering & construction (IE&CS) business, has made its first foray into the liquefied natural gas (LNG) market with a strategic deal with Argent LNG, a U.S.-based energy company dedicated to developing LNG export solutions, to participate as an integrated engineering service provider in the development of an LNG export project in Port Fourchon, Louisiana. The post Italian firm dips its toes into LNG market by joining 25 mtpa project in Louisiana appeared first on Offshore Energy.

European nations back push for green hydrogen in shipping and aviation | Europe

European countries are to sign the Hamburg Declaration, which aims to spur green hydrogen and clean fuel use in global shipping and aviation. The declaration will be signed by energy ministers from the UK, Belgium, Denmark, France, Germany, Iceland, Ireland, Luxembourg, the Netherlands and Norway. The declaration emphasises building international markets, ensuring secure supply chains, and setting standards for hydrogen-based technologies. Specific areas of collaboration include the development of green shipping corridors, research and development, knowledge sharing and capacity building, and economic and financial partnership. A key element will see the construction of an offshore wind power grid in the North Sea. Nick Mabey, CEO of European climate change think tank E3G, said the announcement represents a turning point in the development of offshore wind. “Its security and economic resilience opportunity for all countries involved… Read More »European nations back push for green hydrogen in shipping and aviation | Europe