International

The Federal Energy Regulatory Commission (FERC) authorized Excelerate Energy, in cooperation with the Puerto Rico Electric Power Authority (PREPA), to site, construct and operate the Aguirre Offshore GasPort Project, off the shore of Puerto Rico.

The project will consist of a floating LNG terminal with a floating storage and regasification unit (FSRU), minimal infrastructure to moor the vessel, and a subsea pipeline to deliver the gas onshore. The facility will provide fuel to PREPA's Central Aguirre Power Complex.

Not typically thought of when considering major oil exporters, one small country holds significant potential to join the ranks of some of South America’s much larger oil producing powers.

Guyana, located along the northern coast of South America, is not an oil producer of any significance. But that could change if the large reserves of oil and gas located offshore are successfully produced.

Wood Group has secured a $1 million contract with Origin Energy to provide detailed design engineering for the onshore pipelines related to the Halladale, Black Watch & Speculant (HBWS) Natural Gas Project in South West Victoria, Australia.

The HBWS gas fields are located in the offshore Otway Basin in Victoria but due to their proximity to shore, and to avoid sensitive marine environments, they are being drilled using extended reach drilling (ERD) techniques from onshore location and tied back to the existing Otway Gas Plant.

Energy giants Gazprom and Shell, along with E.ON and OMV, signed a memorandum Thursday to construct a third technical line for a LNG plant on Sakhalin Island on Russia’s Pacific Coast.

Under the agreement, the companies would build a new route under the Baltic Sea from Russia with a capacity of 55 billion cubic meters a year. No timeline on the project was announced.

Wood Group Kenny will support the Kebabangan Petroleum Operating Company (KPOC) in pipeline engineering and flow assurance engineering studies for the Kamansu East (KME) field offshore Sabah, Malaysia.

The work will include concept select studies and definition engineering on subsea heating options, thus preventing hydrates, for the 30 km gas pipeline that runs from the KME field in 750 meters of water to the company's new shelf edge Kebabangan platform.

The pipeline heating technology could be the first application for deepwater gas development in Malaysia.

VIENNA (AP) — OPEC decided to keep its oil output target on hold Friday and predicted prices would remain low for the foreseeable future — good news for both for oil-hungry international industries and consumers at the gas pump.

The cartel said its output level would remain at 30 million barrels a day despite the fact that prices were still low compared with a year ago. It left it to member states to restrain any overproduction, an acknowledgment of the cartel's inability to enforce its own limits as it struggles to control world supply and prices.

A small British oil company has found a bonanza of potentially billions of barrels of oil beneath a field near London’s Gatwick Airport. The only problem is how much of the oil is accessible.

UK Oil and Gas Investments (UKOG) said April 9 that 3,000 feet of exploratory drilling at Wytch Farm in the Weald Basin, a rural area just north of the airport, discovered a “world-class potential resource.” The area is now referred to as “Britain’s Dallas.” It was the deepest well dug in the region in three decades.

MEXICO CITY (AP) — Mexico's state-run oil company and U.S.-based First Reserve are announcing a $1 billion deal to invest in the energy sector.

Petroleos Mexicanos says in a statement that the agreement covers potential projects including infrastructure, sea transport, cogeneration and processing.

First Reserve is a global private equity and energy infrastructure investment firm headquartered in Greenwich, Connecticut.

It said in a statement Tuesday that the two companies will invest in infrastructure projects throughout Mexico.

BUCHAREST, Romania (AP) — Romania has begun transporting natural gas to Moldova, as the former Soviet republic moves toward the European Union and becomes less dependent on Russia.

"It is the first time that gas goes from West to East," said Moldova Foreign Minister Natalia Gherman during a visit to Bucharest.

Moldova gets most of its gas from Russia but wants to import more from Romania. The joint pipeline began pumping a small amount of Romanian gas Wednesday.

Gherman says the government installed last month, which is backed by communists, is committed to joining the EU.

The Trans Adriatic Pipeline reported that TAP and its existing shareholders EGL, Statoil and E.ON Ruhrgas have reached an agreement with members of the Shah Deniz Consortium to secure funding for the project.

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