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10 July 2025
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Jul 10, 2025Pipeline Gas Journal
(Reuters) — Puerto Rico's finance regulator has halted New Fortress Energy's $20 billion natural gas supply deal over monopoly concerns, Bloomberg News reported on July 10, citing a letter to the island's energy czar, Josue Colon.
Shares of the company were down 7.6% in afternoon trading.
The Financial Oversight and Management Board said it has "profound concerns" about a proposed 15-year contract between New Fortress' subsidary Genera PR and the company's unit that delivers liquefied gas, the report said.
New Fortress Energy did not immediately respond to a Reuters request for comment.
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Adnoc Gas And Sefe Signs $400 Million Lng Supply AgreementUAE’s ADNOC Gas Plc and its subsidiaries (ADNOC Gas) announced that it has entered into a three-year liquefied natural gas (LNG) supply agreement with Germany’s SEFE Securing Energy for Europe, for the delivery of 0.7 million tonnes of LNG with deliveries commencing this year.
The agreement, valued at approximately $400 million (AED1.5 billion) over its three-year term.
The company stated that the agreement highlights ADNOC Gas’ continued expansion into global markets, with LNG supplied from ADNOC Gas’ Das Island liquefaction facility – a key asset in the company’s portfolio. With a production capacity of 6 mtpa, Das Island’s LNG plant has shipped over 3,500 LNG cargoes worldwide since starting operations in 1977, strengthening ADNOC Gas’ long-term relationships with key global energy partners.
Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, said: “This agreement marks a significant step in strengthening our long-standing partnership with SEFE and reinforces ADNOC Gas’ role as a reliable and responsible global energy provider, committed to supporting Germany’s energy security. It also reflects the strong progress we are making in delivering our strategic objectives and demonstrates the confidence our partners, investors, and stakeholders place in our ability to create long-term value in a dynamic energy landscape.”
The agreement builds on the ongoing strategic collaboration between the UAE and Germany, including the 2022 Energy Security and Industry Accelerator (ESIA) pact and the 2024 Joint Declaration with the state of Baden-Württemberg, both aimed at fostering energy security and sustainable fuel development.
Frédéric Barnaud, Chief Commercial Officer of SEFE, said: “Over the past two decades, we’ve built a strong partnership with ADNOC, and we value our relationship with such a reputable and reliable supplier. This new medium-term LNG contract builds on the long-term supply agreement with ADNOC that we signed last year, thereby adding another flexible source of LNG to our portfolio – to the benefit of both Europe’s security of supply and our global market trading activities.”
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10 July 20252 min readAdnoc Gas And Sefe Signs $400 Million Lng Supply Agreement
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10 July 2025
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New Fortress $20 Billion Gas Deal Halted By Puerto Rico Watchdog(Reuters) — Puerto Rico's finance regulator has halted New Fortress Energy's $20 billion natural gas supply deal over monopoly concerns, Bloomberg News reported on July 10, citing a letter to the island's energy czar, Josue Colon.
Shares of the company were down 7.6% in afternoon trading.
The Financial Oversight and Management Board said it has "profound concerns" about a proposed 15-year contract between New Fortress' subsidary Genera PR and the company's unit that delivers liquefied gas, the report said.
New Fortress Energy did not immediately respond to a Reuters request for comment.
Pipeline Gas Journal
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10 July 20251 min readNew Fortress $20 Billion Gas Deal Halted By Puerto Rico Watchdog
Pipeline Gas Journal
10 July 2025
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Uk Bags $10B Japanese Investment For Offshore Wind And Hydrogen ProjectsThe U.K. government has unlocked $10.1 billion investment into key clean energy projects, like offshore wind and hydrogen, with the signing of a new deal with the Sumitomo Corporation in Tokyo.
Sumitomo Corporation aims to facilitate the investment into key U.K. infrastructure and clean energy projects by 2035, backing the government’s aim to significantly increase long-term business investment into key growth sectors following the publication of the Modern Industrial Strategy and the 10-Year Infrastructure Strategy.
The investment will be focused on key offshore wind and hydrogen projects, supporting the U.K.’s aim to become a clean energy superpower, according to the government.
“The U.K. is a top investment destination for Japanese businesses, so I’m delighted to be in Tokyo to sign this new collaboration with Sumitomo Corporation. This is yet another major vote of confidence in our economy and shows international backing for our modern Industrial Strategy, which shows our Plan for Change is working.
“We’re serious about clean energy as a key growth sector, and deals like this create high value jobs, encourage further investment into our world-leading industry and help boost economic growth right across the U.K.,” said Poppy Gustafsson, U.K. Minister for Investment.
Offshore Engineer
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09 July 20251 min readUk Bags $10B Japanese Investment For Offshore Wind And Hydrogen Projects
Offshore Engineer
09 July 2025
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South Africa: Hive Hydrogen Invites Proposals For $5.8B Green Ammonia ProjectRenewable energy company Hive Hydrogen South African has issued requests for proposals to develop the $5.8 billion Coega Green Ammonia project in the Eastern Cape province.
The project, situated near Gqeberha, aims to produce over one million tons of green ammonia annually using renewable energy from a 1,430 MW solar PV cluster and 1,879 MW of wind power.
The plant will include seawater abstraction, desalination, demineralization facilities, storage for 70,000 tons of green ammonia and two 7km pipelines for product transport.
A final investment decision is anticipated in Q3 2026, with production expected to start by 2029. 15 engineering procurement and construction firms have been shortlisted to develop the project.
The project is a joint venture between global green company Hive Energy and investment and development firm BuiltAfrica Group. Green ammonia produced from the project is targeted primarily at export markets such as Japan and South Korea.
Energy Capital Power
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08 July 20251 min readSouth Africa: Hive Hydrogen Invites Proposals For $5.8B Green Ammonia Project
Energy Capital Power
08 July 2025
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Consumers Energy Upgrades 135-Mile Natural Gas Pipeline In MichiganConsumers Energy is working on a summer construction programme to replace 135 miles of century-old cast-iron and steel pipelines across 15 communities in the US state of Michigan.
As part of the Natural Gas Delivery Plan, the programme will upgrade the company’s statewide natural gas system, affecting over 1.8 million customers.
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More than 600 employees and contractors are engaged in the effort, ensuring the natural gas system can withstand all seasons.
Consumers Energy natural gas engineering and supply vice-president Holly Bowers stated: “These projects are a visible demonstration of Consumers Energy’s commitment to delivering natural gas safely, affordably and reliably to our friends and neighbours who count on us.
“We focus on work that will have the most impact, ensuring that our natural gas system will be reliable for many more years.”
The construction is spread across various regions and includes an 18-mile stretch in Livonia and Warren, and smaller projects in Bloomfield, Pontiac and Royal Oak in southeast Michigan.
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Flint will see 10 miles of upgrades, with additional work in Owosso and Fowlerville. Saginaw/Bay City, Kalamazoo, Lansing and Midland are also on the list.
These projects complement the ongoing Four Cities metro pipeline replacement in southeast Michigan, part of a broader initiative that will extend throughout the decade. Local pipeline upgrades are also being conducted statewide.
The modernisation is expected to keep household costs below $3 a day. It will provide affordable natural gas and stimulate the economy through job creation in the coming years.
Bowers added: “We appreciate the patience of our customers as we carry out these upgrades in the coming months and continue to deliver natural gas reliably and affordably, regardless of what Mother Nature throws at us.”
Offshore Technology
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08 July 20252 min readConsumers Energy Upgrades 135-Mile Natural Gas Pipeline In Michigan
Offshore Technology
08 July 2025
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Exxon Expects $1.5 Billion Earnings Drop From Lower Oil, Gas Prices(Bloomberg) -- ExxonMobil expects lower oil and gas prices to reduce the company’s earnings by about $1.5 billion as a volatile quarter for commodity prices weighs on second-quarter profits.
Oil prices pulled down earnings by about $1 billion while gas contributed another $500 million hit when compared to the first quarter, the Spring, Texas-based company said in a statement Monday. European rival Shell Plc’s shares fell 3.3% Monday after guiding to “significantly lower” trading earnings than the previous quarter.
The two oil giants’ outlook points to a downbeat quarter for the industry, which was already struggling to generate enough free cash to cover the dividends and share buybacks companies hiked after record earnings in 2022. U.S. President Donald Trump’s trade war and larger-than-expected supply increases from OPEC and its allies weighed on oil prices, while U.S. and Israeli attacks on Iran only provided a temporary uplift.
Exxon expects some respite from refining margins, which will add about $300 million to earnings, the company said. The guidance only refers to market pricing and does not factor in operational performance like changes to production or costs, the company said.
Exxon’s guidance is “bang in line” with analysts’ estimates for the second quarter, RBC Capital Markets analyst Biraj Borkhataria said in a research note. Exxon “has a much smaller trading organization than its European peer Shell, and thus was not impacted by the same issues.”
World Oil
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07 July 20252 min readExxon Expects $1.5 Billion Earnings Drop From Lower Oil, Gas Prices
World Oil
07 July 2025
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Consumers Energy Begins 135-Mile Michigan Gas Pipeline Upgrade, Taps 600 Workers(P&GJ) — Consumers Energy has begun a summer construction program to replace 135 miles of century-old cast-iron and steel pipe across 15 Michigan communities, the utility said July 7.
The work is part of the company’s long-term Natural Gas Delivery Plan and involves more than 600 employees and contractors.
SEE ALSO: $182 Million Gas Pipeline Replacement Project Kicks Off in Southeast Michigan
“These projects are a visible demonstration of Consumers Energy's commitment to delivering natural gas safely, affordably and reliably to our friends and neighbors who count on us,” said Holly Bowers, vice president of natural gas engineering and supply. “We focus on work that will have the most impact, ensuring that our natural gas system will be reliable for many more years.”
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The company is also continuing work on the Four Cities Metro Pipeline, a major replacement project in Southeast Michigan, along with numerous smaller upgrades statewide.
Bowers urged motorists to expect intermittent lane closures and to use caution near job sites. The utility says the upgrades will keep average residential gas costs under $3 per day while supporting job growth over the next decade.
“We appreciate the patience of our customers as we carry out these upgrades in the coming months and continue to deliver natural gas reliably and affordably, regardless of what Mother Nature throws at us,” Bowers added.
Consumers Energy supplies natural gas and/or electricity to 6.8 million residents throughout Michigan’s Lower Peninsula.
Pipeline Gas Journal
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07 July 20252 min readConsumers Energy Begins 135-Mile Michigan Gas Pipeline Upgrade, Taps 600 Workers
Pipeline Gas Journal
07 July 2025
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Adnoc Drilling Awarded Five-Year Contract For Oilfield Services Worth Up To Us$800 MillionADNOC Drilling Company PJSC has announced the award of a contract valued at up to US$800 million by ADNOC Onshore for the provision of integrated hydraulic fracturing services for conventional and tight reservoirs. The five-year agreement is set to commence in 3Q25, marking another significant milestone in ADNOC Drilling’s evolution as a fully integrated technology-enabled energy services company.
This award further reinforces ADNOC Drilling’s leadership in high-tech oilfield services, combining next-generation equipment, artificial intelligence (AI) and real-time intelligence to deliver smarter, safer and more sustainable energy outcomes.
Commenting on the award, Abdulla Ateya Al Messabi, ADNOC Drilling CEO, said: “This significant contract is a powerful endorsement of ADNOC Drilling’s expanding capabilities and our trusted partnership with ADNOC Onshore. It reflects our ability to deliver high-impact, technologically advanced fracturing services that will help unlock the UAE’s energy potential. As we continue our transformation, we are proud to support the nation’s strategic energy goals and reinforce our position as a leader in integrated drilling and completion solutions.”
The contract’s scope of work supports ADNOC’s strategic goal to accelerate the development of conventional and tight reservoirs across the UAE and includes the design, execution and evaluation of multistage hydraulic fracturing treatments, which will be deployed across a wide range of assets in Abu Dhabi. Fracturing services for conventional and tight reservoirs are used to enhance the flow of oil or gas through existing natural pathways and optimise production by improving flow rates.
ADNOC Drilling will deploy advanced technologies throughout the project to maximize efficiency and performance. Proprietary fracturing simulation software will be used to optimise every stage of the operation, increasing flow rates and overall hydrocarbon recovery. Intelligent fluid systems will adapt dynamically in real-time to reservoir conditions, improving fracture efficiency and reducing environmental impact. Automated pumping units and blending systems will enhance safety, streamline operations and reduce the need for on-site manpower.
This marks the fifth contract in just over two months, including a US$1.63 billion five-year contract for Integrated Drilling Services (IDS), a US$806 million contract for three island rigs and a US$1.15 billion 15-year contract for two jack-up rigs, all awarded by ADNOC Offshore, and a US$400m backlog of ADNOC Drilling’s signed acquisition in Oman and Kuwait.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/02072025/adnoc-drilling-awarded-five-year-contract-for-oilfield-services-worth-up-to-us800-million/
The newly installed equipment and facilities are working well and continue to be fine-tuned to optimise production.
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02 July 20253 min readAdnoc Drilling Awarded Five-Year Contract For Oilfield Services Worth Up To Us$800 Million
Oilfield Technology
02 July 2025
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Dno Inks Gas Offtake Deal With Engie, Secures $500M Financing FacilityNorwegian oil and gas operator DNO has entered into an offtake agreement with France’s Engie for its Norwegian gas production and secured a related offtake financing facility with a major U.S. bank for up to $500 million.
The offtake agreement, secured through DNO’s Norway operating subsidiaries, covers the entirety of its Norwegian gas production post acquisition of Sval Energi, offers premium pricing and has a tenor of four years as from October 1, 2025.
Related to the agreement, DNO has entered into an offtake financing facility with a U.S. bank for up to $500 million.
Under the facility, DNO is paid, by the bank, the value of up to 270 days of scheduled gas production based on future gas sales receivables.
The all-in interest rate for drawn amounts under the facility is significantly below conventional reserve-based lending (RBL) terms available to DNO, with no charges for undrawn amounts. There are no financial covenants related to the facility.
Proceeds from the offtake financing facility will be used to replace Sval Energi’s similar existing facilities as well as for general corporate purposes.
In June, DNO completed the acquisition of Sval Energi from HitecVision, picking up 16 producing fields in Norway and quadrupling its North Sea production to 80,000 barrels of oil equivalent per day (boepd).
“We have received strong interest by buyers to prepurchase our enlarged North Sea production of 80,000 barrels of oil equivalent per day split about equally between oil and gas.
“These three-way transactions are made possible because buyers are eager to lock in secure supplies of Norwegian oil and gas and US banks, in particular, have significantly stepped up fossil fuel lending,” said DNO’s Executive Chairman Bijan Mossavar-Rahmani.
Given availability of attractive offtake financing terms, DNO has repaid and will not renew over $600 million in RBLs across its North Sea subsidiaries. In addition, the company has borrowed #300 million under a one-year bank bridge loan ‘to add more arrows to its quiver’, according to Mossavar-Rahmani.
Separately, DNO said it was in discussions to establish an offtake agreement and related financing facility on comparable terms for its North Sea oil production.
Offshore Engineer
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02 July 20252 min readDno Inks Gas Offtake Deal With Engie, Secures $500M Financing Facility
Offshore Engineer
02 July 2025
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Dno Strikes Deals For Gas Offtake And $500 Million Financing FacilityDNO ASA entered into an offtake agreement with France’s ENGIE SA for DNO’s Norwegian gas production and secured a related offtake financing facility with a major U.S. bank for up to $500 million.
The offtake agreement covers the entirety of DNO’s Norwegian gas production post acquisition of Sval Energi Group AS, offers premium pricing and has a tenor of four years as from 1 October 2025.
Related to the agreement, DNO has entered into an offtake financing facility with a U.S. bank for up to $500 million (USD). Under the facility, DNO is paid, by the bank, the value of up to 270 days of scheduled gas production based on future gas sales receivables. The all-in interest rate for drawn amounts under the facility is significantly below conventional reserve-based lending (RBL) terms available to DNO, with no charges for undrawn amounts. There are no financial covenants related to the facility.
Proceeds from the offtake financing facility will be used to replace Sval Energi’s similar existing facilities as well as for general corporate purposes.
“We have received strong interest by buyers to prepurchase our enlarged North Sea production of 80,000 boed split about equally between oil and gas,” said DNO’s Executive Chairman Bijan Mossavar-Rahmani. “These three-way transactions are made possible because buyers are eager to lock in secure supplies of Norwegian oil and gas and US banks, in particular, have significantly stepped up fossil fuel lending,” he explained.
Given availability of attractive offtake financing terms, DNO has repaid and will not renew over $600 million in RBLs across its North Sea subsidiaries. In addition, the Company has borrowed $300 million under a one-year bank bridge loan “to add more arrows to our quiver,” according to Mr. Mossavar-Rahmani.
Separately, DNO is in discussions to establish an offtake agreement and related financing facility on comparable terms for its North Sea oil production.
World Oil
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02 July 20252 min readDno Strikes Deals For Gas Offtake And $500 Million Financing Facility
World Oil
02 July 2025
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Qapqa To Support Building 300Km Gas Pipeline For AramcoQapqa, an automated pipeline welding technology company, has secured a contract with A-HAK Pijpleidingen Saudi for Package 9 of Saudi Aramco’s Master Gas System-3 (MGS-3) project.
As part of the agreement, Qapqa will deploy three fully equipped automatic welding spreads along with a team of highly experienced welding professionals to support the construction of more than 300 km of 56-inch X70 gas pipeline.
This pipeline forms a critical segment of one of the Middle East’s most ambitious energy infrastructure developments.
The contract highlights Qapqa’s growing presence in the region and reinforces its reputation for delivering field-proven welding automation technology and consistent operational excellence on high-specification pipeline projects.
With a strong track record in complex environments, Qapqa continues to be a trusted partner for large-scale energy infrastructure projects.
"We are honoured to be selected as the automatic welding partner for this strategic project," says Ralph, CEO at Qapqa.
"Our team is proud to support A-HAK Pijpleidingen Saudi and contribute to Saudi Aramco’s long-term vision for energy infrastructure expansion."
The MGS-3 project is a key component of Saudi Aramco’s broader initiative to enhance the capacity, reliability, and efficiency of the Kingdom’s natural gas network.
OGN News
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01 July 20251 min readQapqa To Support Building 300Km Gas Pipeline For Aramco
OGN News
01 July 2025
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Equinor, Partners Greenlight $1.3B Johan Svedrup Oil Field ExtensionEquinor and its partners have approved the $1.29 billion (NOK 13 billion) investment in the third phase of Johan Sverdrup field, which entails the installation new subsea infrastructure to increase recovery by 40 - 50 million barrels of oil equivalent (boe).
The development includes two new subsea templates, in the Kvitsøy and Avaldsnes areas with six well slots each, totaling eight wells, including seven oil production wells and one water injection well.
The new subsea templates will be tied into existing templates and pipelines to the P2 platform for processing and export.
The investment will increase recoverable volumes from the field by 40 - 50 million boe, with production expected to start in the fourth quarter of 2027.
To ensure optimal resource utilization, the project leveraged artificial intelligence to analyze field layouts and well paths. This technology has enabled faster decision-making and resulted in cost savings of $13 million (NOK 130 million) for the phase 3 project, Equinor said.
The project also facilitates future value creation at Johan Sverdrup by adding extra well slots, and opportunities for connecting additional subsea templates.
For the phase 3 project, TechnipFMC has been awarded the contract for engineering, procurement, construction, and installation (EPCI) for the subsea development, with a contract value of approximately $525 million (NOK 5.3 billion). Additional contracts, including platform modifications and the drilling of eight wells, are planned to be awarded later in 2025.
Johan Sverdrup is located in the Utsira High area of the North Sea, 160 kilometers west of Stavanger, in water depths of 110–120 meters, covering an area of 200 square kilometers.
The expected recovery rate from Johan Sverdrup is already at 66%, and the phase 3 project aims to increase it to 75%, while the average for the Norwegian continental shelf (NCS) is 47%.
Equinor is the operator of the field, with 42.6267%, with partners Aker BP holding 31.5733%, Petoro 17.36%, and TotalEnergies EP Norge 8.44%.
The partnership has submitted a notification to the authorities in accordance with the existing plan for development and operation (PDO). The notification is subject to governmental approval.
“By building on the technologies, solutions, and infrastructure from phases 1 and 2 of Johan Sverdrup, we can carry out an efficient development with a rapid start-up of production.
“The project increases the recovery rate and value creation from Johan Sverdrup, one of the world’s most carbon-efficient oil and gas fields. At the same time, it contributes to stable energy supplies to Europe,” said Trond Bokn, senior vice president for project development in Equinor.
Offshore Engineer
oil-gas
01 July 20253 min readEquinor, Partners Greenlight $1.3B Johan Svedrup Oil Field Extension
Offshore Engineer
01 July 2025
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