Gas Sector News

Canada's Prime Minister Mark Carney signed an agreement with Alberta's premier on Thursday that rolls back certain climate rules to spur investment in energy production, while encouraging construction of a new oil pipeline to the West Coast.Under the agreement, the federal government will scrap a planned emissions cap on the oil and gas sector and drop rules on clean electricity in exchange for a commitment by Canada's top oil-producing province to strengthen industrial carbon…

Austria’s Palfinger Marine has signed a contract to supply the world’s first fully electric offshore jib cranes for the Bałtyk 2 and Bałtyk 3 wind farms off Poland, marking an industry milestone in the electrification of offshore wind operations.The cranes, to be installed on the substations of the two projects, will be built at Palfinger’s facility in Gdynia, Poland, enhancing local content in the construction of the wind farms, which are being developed jointly by Equinor and Polenergia.Palfinger will equip the substations with two DKJ500e cranes…

A liquefied natural gas tanker has left Russia's Arctic LNG 2 after loading a cargo there, according to data compiled by LSEG and analytics firm Kpler, as the project continues output despite Western sanctions over Moscow's war in Ukraine.The Christophe De Margerie tanker arrived at Arctic LNG 2 on October 17 and departed loaded on October 20, according to Kpler data. Shipping database Equasis lists the tanker's registered owner as Zelitiko Shipping, and its ship or commercial manager as Gas Carriers SCF Management…

Rigs drilling beneath the deep waters of the Gulf of Mexico will drive U.S. oil industry growth this year and next as onshore production slows due to lower prices and maturing shale fields, and analysts and consultants expect the trend to continue as new technology and friendly regulations attract investment offshore.The offshore oil and gas sector took a backseat to shale in recent years because drilling at sea requires years of construction work and higher upfront investments. Entry costs were lower for shale production and returns quicker, so rapid expansion in shale made the U.S.

Ocean services provider DeepOcean has expanded its service offering to the offshore renewables and oil and gas industries by entering into a time charter agreement for the multipurpose support vessel Glomar Supporter.Chartered from Glomar Offshore, the Glomar Supporter vessel will join DeepOcean’s fleet in January 2026 with its first operations planned in EuropeDeepOcean will utilise the Glomar Supporter to enhance its offering in survey, inspection and light IMR (inspection,…

The decision by President Donald Trump administration to halt fully permitted offshore wind energy projects is "very damaging" to investment, President of Shell U.S. Colette Hirstius told the Financial Times in a report published on Sunday.The executive told the newspaper that energy projects with proper permits should be allowed to continue and warned the political pendulum in the U.S. could eventually swing back against the oil and gas sector."I think uncertainty in the regulatory environment is very damaging.

Russia's oil pipeline monopoly Transneft has warned producers they may have to cut output following Ukraine's drone attacks on critical export ports and refineries, three industry sources said on Tuesday.Kyiv has stepped up attacks on Russian energy assets since August in a bid to impede Moscow's war effort in Ukraine and reduce the Kremlin's revenues as attempts to secure an end to the conflict through peace talks have stalled.Oil and gas revenues have accounted for between a third and half of Russia's total federal budget proceeds over the past decade…

In Norway, made rich by oil and gas, the idea of shutting fields sends chills, but that is exactly what the small Green Party is pushing as a global switch away from fossil fuels looms.And it's a demand with greater meaning after Monday's election, with the ruling Labour Party needing the support of the Greens - who more than doubled the seats they hold to seven - to safeguard a two-seat majority secured by left-leaning parties."We will definitely prioritise putting the climate issue at the forefront…

Houston-headquartered defense company Eureka Naval Craft is ramping up production of its AIRCAT BENGAL MC warship in Asia after signing an MOU with Singapore shipbuilder Strategic Marine (S) Pte Ltd.Eureka Naval Craft CEO Bo Jardine said the aim of the partnership is to bring a highly advanced Modular Attack Surface Craft (MASC) to the US Navy and allied navies quickly at a time of increased threat. The versatile catamaran vessel design can further be retooled for the commercial…

A damaged unit of the South Pars refinery's Phase 14, which was hit by Israel in its first strike on Iran's oil and gas sector, has returned to operation, the Iranian state-run agency Nour News reported on Thursday.South Pars, the world's biggest gas field, is located offshore in Iran's southern Bushehr province and is responsible for the lion's share of the country's gas production.Iran is the world's third largest gas producer after the United States and Russia.Gas production was not halted and the damaged unit was repaired in about 10 days…

Egypt is in talks with energy firms and trading houses to buy 40-60 cargoes of liquefied natural gas (LNG) amid a worsening energy crunch ahead of peak summer demand, three sources aware of the matter told Reuters.The country faces spending up to $3 billion at current prices to secure the LNG, squeezing government coffers already under strain to keep the lights on amid falling gas production and a cost of living crisis.President Abdel Fattah al-Sisi on Wednesday directed the government to "preemptively take whatever needs necessary to ensure stable electricity flow…

Malaysia-based fleet owner of self-propelled accommodation workboats Keyfield International has signed a memorandum of understanding (MoU) with Indonesia’s PT Elnusa Trans Samudera (ETSA) to explore joint marine services opportunities in the oil and gas sector.ETSA, a subsidiary of PT Elnusa, is an Indonesian company primarily engaged in the provision of marine transportation support services for the oil and gas industry in Indonesia.The MoU formalizes a collaborative framework between both parties…

Egypt is in talks with energy firms and trading houses to buy 40-60 cargoes of liquefied natural gas (LNG) amid a worsening energy crunch ahead of peak summer demand, three sources aware of the matter told Reuters.The country faces spending up to $3 billion at current prices to secure the LNG, squeezing government coffers already under strain to keep the lights on amid falling gas production and a cost of living crisis.President Abdel Fattah al-Sisi on Wednesday directed the government to "preemptively take whatever needs necessary to ensure stable electricity flow…

Brazilian state-run energy giant Petrobras seeks to attract fresh Chinese investments to Brazil's oil and gas sector, especially in the naval sector, it said on Tuesday, as Chief Executive Magda Chambriard visits the Asian country.Chambriard and President Luiz Inacio Lula da Silva's chief of staff, Rui Costa, had a meeting with Chinese business people and government officials in Beijing on Monday, the company said in a statement.They presented an overview of Petrobras' activities, according to the firm, highlighting the potential to expand shipyards in Latin America's largest country."We are h

Saipem has signed a renewal for its framework agreement with Saudi Aramco. The Long-Term Agreement (LTA) now extends until the end of 2027.With the renewal of the LTA, Saipem is reconfirmed in the exclusive list of contractors selected by Saudi Aramco who are eligible to bid for work orders, known as CRPOs (Contract Release Purchase Orders). These contracts may relate to both the construction of new investment projects and any projects aimed at maintaining production capacity from Saudi Arabia’s offshore fields.Should Saipem be awarded contracts for activities within the Kingdom under the LTA…

Temile Development Company has signed a contract with HD Hyundai Heavy Industries (HHI) for the construction of one firm plus one optional 88,000 cubic meter very large gas carrier (VLGC).The from HHI is the largest panamax-beam VLGC in the world and will be fitted with an LPG dual fuel main engine and a shaft generator. It features two deck tanks of 900 cbm total capacity, allowing seamless grade changes between propane and butane.The first vessel is expected to deliver in Q1 2028.Temile Development Company is a 100% Nigerian-owned and managed company…

One of the world’s largest base ports for offshore wind activities Port of Esbjerg and Norwegian port operator WindPort have entered into a strategic partnership to accelerate offshore wind development in Norway.The partnership focuses on joint project development and knowledge sharing in areas such as quay design, logistics, sustainable energy practices, and new fuel technologies.Sharing knowledge and experiences to power and scale the offshore wind industry are at the core of the agreement.Port Esbjerg brings expertise in handling large offshore installations…

The Switch, a provider of power electronics for the marine industry, has signed a multi-million-dollar contract with Vard Electro to deliver equipment for five diesel-electric hybrid walk-to-work vessels.The Switch will supply its DC-Hub technology to multiple vessels on order at Vard Electro, a subsidiary of Vard, a Fincantieri company.With a total of 15 DC-Hubs to be delivered, the project showcases the increasing demand for flexible and future-proof power distribution systems.The five diesel-electric hybrid walk-to-work vessels of the VARD 3 32 design will provide maintenance…

Eidesvik Offshore, Agalas, and Reach Subsea have partnered up to build a new construction support vessel (CSV) for subsea and offshore renewables operations.The new CSV will have similar specifications as the vessel Eidesvik currently has under construction together with Agalas at the Sefine Shipyard in Turkey.The vessel will also be built at the Sefine Shipyard, with delivery scheduled for spring 2027.It will be specifically equipped to perform inspection, maintenance, and repair (IMR) work.Upon delivery…

Alfa Laval has signed an agreement to acquire NRG Marine, a U.K.-based provider of ultrasonic anti-fouling solutions for marine, oil and gas, and industrial applications.The move aligns with Alfa Laval’s strategy to provide its customers with environmentally friendly solutions that significantly improve operational efficiency, reduce costs, and extend the asset’s lifecycle. Closing of the acquisition is expected during the second quarter of 2025.By incorporating NRG Marine’s ultrasonic technology into its portfolio…

AIRCAT Vessels, in collaboration with ESNA, delivered the first three AIRCAT 35 Crewliners. Designed to meet the demanding needs of the oil and gas sector, the 35-m vessels, based on SES (Surface Effect Ship) technology, achieve speeds of more than 50 knots, even in challenging maritime conditions. Each vessel has a capacity of 80 passengers with a cabin designed to business class standards. In addition, two operational modes have been integrated to help ensure comfort:The Ride Control System (RCS)…

As the risk of a delayed energy transition scenario increases, so does the possibility of a much greater pull on future oil and gas supply, but meeting this demand would require a significant increase in upstream investment, resulting in higher hydrocarbon prices, according to the latest Horizons report from Wood Mackenzie.According to the report “Taking the strain: how upstream could meet the demands of a delayed energy transition”, a variety of external pressures have weakened…

Damen Shipyards Cape Town has delivered an FCS 3307 patrol vessel to Homeland Integrated Offshore Service (Homeland IOSL) in Nigeria.This vessel, on charter with an international energy company, will perform offshore patrol duties to enhance the security of personnel, assets, and the environment in Nigerian maritime territories.This delivery marks the tenth Damen vessel to join the Homeland fleet, reflecting ongoing fleet expansion efforts.The FCS 3307 Patrol is equipped with Damen’s advanced Sea Axe hull technology…