Guyana’s Office of the Prime Minister has put its stamp of approval on planned budgetary allocations of $141.45 billion, which is anticipated to lend a helping hand in finishing important projects. As a result, this amount encapsulates a $51.2 billion investment to bolster the country’s flagship gas-to-energy (GtE) project.  The post Guyana greenlights $51.2 billion to move forward with its mega gas-to-energy project appeared first on Offshore Energy.

Norwegian oil & gas company Vår Energi has signed a pre-commitment agreement with OneSubsea, […] The post Vår Energi’s precommitment to subsea systems to cut tie-back development time by up to one year appeared first on Offshore Energy.

Canadian shipowner Seaspan has hit a new milestone with the completion of the first ship-to-ship LNG bunkering in the Port of Vancouver in Canada. The post Seaspan wraps up inaugural ship-to-ship LNG bunkering in Canada appeared first on Offshore Energy.

Which side will come on top is not yet clear, but it is unlikely that either will throw in the towel at this late stage in the UK’s oil and gas saga without a fight. The post Multi-billion projects at stake: Another blow for UK’s largest untapped oil & gas duo but Shell, Equinor, and Ithaca remain upbeat appeared first on Offshore Energy.

Chevron is confident that its rival, Hess Corporation, will emerge as the winner in the ongoing arbitration proceedings the remaining Stabroek block partners launched over the sale of interests in assets off the coast of Guyana. The post With final say on arbitration due by August-end, Chevron readying for ‘prompt close’ of Hess merger in 2025 appeared first on Offshore Energy.

With security in the Red Sea gradually improving, the Suez Canal is gearing up […] The post Ripe for return: As Red Sea tensions subside, Suez Canal prepares for ‘full-scale’ revival appeared first on Offshore Energy.

TA’ZIZ awarded an engineering, procurement, and construction (EPC) contract worth $1.7 billion to Samsung E&A for UAE’s first methanol plant. The post Samsung E&A secures $1.7 billion deal to build UAE’s first methanol plant appeared first on Offshore Energy.

Salunda, a UK-headquartered firm specializing in red-zone safety monitoring technology, has joined forces with Norway’s Intellilift to install a solution aimed at enhancing the safety of critical equipment and personnel on four drilling platforms offshore Guyana. The post Rig quartet off Guyana to feature ‘world first’ safety tech combination appeared first on Offshore Energy.

Germany’s Securing Energy for Europe (SEFE) has signed a memorandum of understanding (MoU) with Saudi Arabia’s ACWA Power for the production and supply of green hydrogen to Europe. The post SEFE unites with ACWA Power to supply green hydrogen to Europe appeared first on Offshore Energy.