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US rubber-stamps oil transportation restart from asset offshore California

Sable Offshore, a Texas-headquartered oil and gas company, has been given the thumbs-up to resume oil flow from its Santa Ynez Unit (SYU) and pipeline system off the coast of California to address supply disruption risks. The post US rubber-stamps oil transportation restart from asset offshore California appeared first on Offshore Energy.

US oil sanctions waiver seen as ‘financial lifeline’ for Russia

Germany’s non-profit environmental research organization, Urgewald, has offered its take on Washington’s decision to present Russia with a month-long sanctions waiver amid the Middle East conflict between Iran and the United States (U.S.)-Israel alliance.   The post US oil sanctions waiver seen as ‘financial lifeline’ for Russia appeared first on Offshore Energy.

Middle East conflict affects around 15% of TotalEnergies’ total output

France-headquartered energy giant TotalEnergies has provided insight into the impact the ongoing conflict between the U.S.-Israel alliance and Iran is having on its activities, highlighting its expectations of being able to offset the loss caused by the production halt in the Middle East with higher oil prices. The post Middle East conflict affects around 15% of TotalEnergies’ total output appeared first on Offshore Energy.

Go-ahead for Pelican State’s multibillion-dollar LNG project to up its export ante

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has received the green light from the U.S. Department of Energy (DOE) to augment exports from its LNG facility south of New Orleans, Louisiana. The post Go-ahead for Pelican State’s multibillion-dollar LNG project to up its export ante appeared first on Offshore Energy.

NYK Line comes aboard Stolt-Nielsen’s Avenir LNG

Japan’s Nippon Yusen Kabushiki Kaisha (NYK Line) has taken steps to acquire a stake in Avenir LNG, an owner and operator of small-scale liquefied natural gas (LNG) carriers and LNG bunker vessels, thanks to its deal with Stolt-Nielsen Gas, a subsidiary of the Oslo Stock Exchange-listed Stolt-Nielsen. The post NYK Line comes aboard Stolt-Nielsen’s Avenir LNG appeared first on Offshore Energy.

With $8.6 billion for next chapter, US LNG project has $20.7B financing in the bag

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has unveiled a final investment decision (FID) and closing of a multibillion-dollar project financing for the second phase of its third project in Louisiana, United States. The post With $8.6 billion for next chapter, US LNG project has $20.7B financing in the bag appeared first on Offshore Energy.