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Oil & Gas DECODED

Latest edition: 27 May 2024
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Spotlight

Pivot towards LNG drives demand for offshore regasification units

Contract activity indicates the growing popularity of floating storage regasification units (FSRUs) as countries in Europe and beyond look to increase their liquefied natural gas (LNG) import capacity.

Latest news

Pipeline operators resolve issue securing Kazakh oil transit to Germany

This agreement comes after a warning of potential halt due to certification issues with oil flow meters in Poland. 

Petrobras awards $8.15bn FPSO construction contract toSeatrium

The contract is for the construction of P-84 and P-85 FPSOs, which will be deployed at the Atapu and Sépia fields, respectively. 

Vår Energi to divest 20% stake in Bøyla asset to Concedo

Located in North Sea, the Bøyla field is a mature asset and has been operational since 2015. 

Saudi Arabia planning to conduct $10bn share sale of Aramco next month

This move is part of Saudi Arabia's broader economic strategy to diversify the kingdom's economy and reduce its dependency on oil revenues. 

National Grid intends to sell Grain LNG terminal in UK

British energy infrastructure operator National Grid is planning to divest the Grain LNG terminal in the UK.

Trillion Energy begins work programme at SASB gas field in Turkey

Trillion Energy has initiated an operations programme at the South Akcakoca Sub-Basin (SASB) gas field in the Black Sea offshore Turkey.

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