With 14 multibillion-dollar projects lined up on the LNG export menu, America seems poised to reach the $1.3 trillion gross domestic product (GDP) promise spotlighted in a recent S&P Global study, making a strong case for an LNG boom. The post $1.3 trillion windfall coming up on America’s GDP horizon with LNG bonanza appeared first …
$1.3 trillion windfall coming up on America’s GDP horizon with LNG bonanza Read More »
Price volatility, rise in costs, climate change, energy transition agendas, rising power demand, and emerging technologies and innovations, including market evolution, automation, and progress in unleashing the benefits of artificial intelligence (AI), have also played their part in shrinking the job market. The post Workforce cuts on the rise: Oil & gas giants’ cost-saving quests …
Workforce cuts on the rise: Oil & gas giants’ cost-saving quests fuel layoffs’ wave Read More »
Prysmian has informed local authorities in Somerset, Massachusetts, about the company’s decision not to […] The post Prysmian drops plan to build $200 million subsea cable factory in Massachusetts appeared first on Offshore Energy.
Norwegian shipping company Solstad Offshore has secured contracts for two of its construction support […] The post Solstad scores trifecta for a busy 2025 appeared first on Offshore Energy.
ExxonMobil and QatarEnergy have fired the starting gun on drilling activities off the coast of Cyprus, using one of the drillships owned by Valaris. The post ExxonMobil, QatarEnergy get drilling ops with Valaris rig underway as Cyprus and Egypt sow the seeds of energy bonds appeared first on Offshore Energy.
Sales of alternative bunker fuels exceeded one million tonnes for the first time to reach 1.34 million tonnes in 2024, the Maritime and Port Authority of Singapore (MPA) has revealed. The post MPA: Alternative bunker fuel sales exceed 1 million tonnes in 2024 appeared first on Offshore Energy.
Norwegian energy company Freija is progressing with the development of a large-scale e-methane production facility in Nokia, Tampere region, Finland. The post Norwegian company pressing on with development of e-methane facility in Finland appeared first on Offshore Energy.
Petrobras has rolled up its sleeves on the sale of its working interest in a producing shallow water field in the Sergipe-Alagoas Basin off the coast of Brazil by embarking on the binding phase to dispose of its stake. The post Petrobras starts the divestment ball rolling for Brazil’s shallow water oil & gas field …
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Switzerland-headquartered marine power company WinGD has recorded “key” parameters in accord with the expectations […] The post WinGD’s X-DF-A ammonia engine aces initial performance milestone appeared first on Offshore Energy.
Russia’s energy giant Gazprom has expanded its natural gas resource base by performing geological exploration in 2024 to fortify the Russian Federation’s energy security. This enabled the company to augment its gas reserves so that they once again eclipse its production rates, with the biggest chunk stemming from the Arctic and the Yamal Peninsula. The …
