Industry News

Top Headlines: Vessel Boarded by Sea Robbers and More

24 September 2022, 12:00pm
Check out some of Rigzone's top stories during the last week.
Read more... (source: www.rigzone.com)


Gabe Klein To Lead Joint Office Of Energy And Transportation

23 September 2022, 8:00pm
Gabe Klein has been named as the lead of the Joint Office of Energy and Transportation created by the Bipartisan Infrastructure Law.
Read more... (source: www.rigzone.com)


Oil Posts Longest Run of Weekly Losses This Year

23 September 2022, 7:38pm
Oil posted its longest stretch of weekly losses this year as central banks around the world stepped up the fight against inflation at the cost of economic growth.
Read more... (source: www.rigzone.com)


German Firms to Sign LNG Deals During Scholz Middle East Trip

23 September 2022, 6:00pm
Scholz leaves Saturday on a two-day trip to Saudi Arabia, United Arab Emirates and Qatar.
Read more... (source: www.rigzone.com)


First Australasian Co Signs OGCI Initiative

23 September 2022, 5:00pm
By signing the initiative, Woodside outlined that it is committing to striving to reach near-zero methane emissions from its operated assets by 2030.
Read more... (source: www.rigzone.com)


Cheniere Promotes New EVP And COO

23 September 2022, 4:00pm
Cheniere Energy and Cheniere Energy Partners have promoted Corey Grindal to the position of EVP and COO, effective January 2, 2023.
Read more... (source: www.rigzone.com)


Diverse Strategies For Oil And Gas Energy Transition

23 September 2022, 3:15pm
Even under the most aggressive energy transition scenario, the world will need oil and gas until 2050, Wood Mackenzie said.
Read more... (source: www.rigzone.com)


USA Could See Strong Hurricane Enter Gulf of Mexico by Mid-Week

23 September 2022, 2:42pm
Forecasters indicate the U.S. could see a strong hurricane enter the Gulf of Mexico by mid-week.
Read more... (source: www.rigzone.com)


Transocean Semi-Sub Rig Wins Deal Worth $437 Million

23 September 2022, 2:23pm
OMV and Wintershall Dea have awarded a drilling contract to the Transocean Norge semi-submersible rig worth $437 million.
Read more... (source: www.rigzone.com)


In focus: Offshore renewables and green hydrogen set to herald in a new energy paradigm

23 September 2022, 2:14pm
The global energy sector’s shift from fossil-based systems of energy production to renewable energy sources is proving to be an increasingly challenging goal to attain, especially in the context of current energy security and supply setbacks. However, offshore renewable energies – mainly offshore wind and marine energy - backed up with innovation in green hydrogen production, stand to significantly accelerate the energy paradigm shift awaited worldwide. The post In focus: Offshore renewables and green hydrogen set to herald in a new energy paradigm appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Poland strengthening its energy security via 10-year gas sales contract with Norway

23 September 2022, 2:13pm
Norwegian state-owned energy giant Equinor on Friday announced a long-term gas sales agreement with Poland's PGNiG. The post Poland strengthening its energy security via 10-year gas sales contract with Norway appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Oil & gas player sanctions North Sea project and hires Maersk rig for drilling ops

23 September 2022, 1:58pm
Ineos and its partners have made a final investment decision (FID) on the development of an oil and gas project in the Danish North Sea. The post Oil & gas player sanctions North Sea project and hires Maersk rig for drilling ops appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Port of Argentia forms JV with Torrent Capital targetting infrastructure investments

23 September 2022, 12:50pm
Newfoundland-based Port of Argentia and Torrent Capital have set up a joint venture company, […] The post Port of Argentia forms JV with Torrent Capital targetting infrastructure investments appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Why Top Banks Are Betting Oil Will Stage a Recovery

23 September 2022, 12:28pm
Oil is set to rebound in the fourth quarter, according to some of Wall Street's leading banks.
Read more... (source: www.rigzone.com)


Financial close in place for $3.8 billion decarbonization project in UAE

23 September 2022, 12:12pm
Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) […] The post Financial close in place for $3.8 billion decarbonization project in UAE appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


State gasoline taxes varied widely across the United States in July

23 September 2022, 12:00pm
In the most recent update of our table of federal and state motor fuel taxes, state gasoline taxes ranged from as low as 8.95 cents per gallon (/gal) in Alaska to as high as 65.1 cents/gal in California on July 1, 2022. Compared with January 2022, 13 states changed some part of their gasoline taxes.
Read more... (source: www.eia.gov)


Standard Chartered Flags Bearish EIA Data

23 September 2022, 11:58am
'The latest data is exceptionally weak'.
Read more... (source: www.rigzone.com)


OMV to drill sidetrack and perform well test after confirming gas and condensate in North Sea well

23 September 2022, 10:34am
OMV has confirmed a gas-condensate discovery at its Oswig exploration well located in the North Sea and decided to drill a sidetrack well. The post OMV to drill sidetrack and perform well test after confirming gas and condensate in North Sea well appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Russia Sets Out How Much It's Going to Cut Gas Flow

23 September 2022, 9:55am
Russia set out just how much its gas flows to the global market will fall in the next three years.
Read more... (source: www.rigzone.com)


Gas production starts from new well off Egypt

23 September 2022, 9:36am
E&P company Energean has announced a new gas production from the Abu Qir concession located offshore Egypt. The post Gas production starts from new well off Egypt appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Renewables In Asia Pacific A $1.8 Trillion Opportunity

23 September 2022, 9:35am
Asia Pacific continues to set the pace for power market growth, creating a $1.8 trillion opportunity for renewables in the next decade.
Read more... (source: www.rigzone.com)


Five-year drilling deal in UK for oilfield services provider

23 September 2022, 9:14am
Archer has secured a long-term platform drilling contract - worth around $50 million - in the UK with an undisclosed operator. The post Five-year drilling deal in UK for oilfield services provider appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Cook Inlet Lease Sale Going Ahead Under New Law

23 September 2022, 8:56am
The Proposed Notice of Sale for Lease Sale 258 in Cook Inlet, Alaska, will be going ahead under the Inflation Reduction Act.
Read more... (source: www.rigzone.com)


Case study into oil and gas platform electrification with wave energy delivers ‘promising results’

23 September 2022, 8:32am
A case study, conducted by Ocean Harvesting Technologies and Lundin Energy Norway, has shown that wave power could provide significantly more stable power production than offshore wind for the electrification of oil and gas platforms. The post Case study into oil and gas platform electrification with wave energy delivers ‘promising results’ appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


UK’s first carbon storage licensing round brings 26 bids from 19 players

23 September 2022, 8:08am
The UK’s first-ever carbon storage licensing round, encompassing 13 areas, has attracted 26 bids from 19 industry players. The post UK’s first carbon storage licensing round brings 26 bids from 19 players appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


UK Government Lifts Shale Gas Production Moratorium

23 September 2022, 7:51am
The UK government has lifted the moratorium on shale gas production in England.
Read more... (source: www.rigzone.com)


Schlumberger And Aramco Partner On Emissions Tracking Platform

22 September 2022, 8:00pm
Schlumberger and Aramco have joined forces to develop an emissions tracking digital platform for hard-to-abate industrial sectors.
Read more... (source: www.rigzone.com)


Oil Rises Slightly as Economic Outlook Concerns Mount

22 September 2022, 7:40pm
Oil clung to a slight gain after a slew of rate hikes around the world reaffirmed central bankers would continue to fight inflation at the expense of economic growth.
Read more... (source: www.rigzone.com)


High-Ranking Officials Visit Oil Spill Research Testing Facility

22 September 2022, 7:00pm
BSEE director welcomed officials from the Land and Mineral Management at Ohmsett, the National Oil Spill Research Testing Facility.
Read more... (source: www.rigzone.com)


California Blackout Risk Prompts Produce Plant to Build Own Grid

22 September 2022, 6:00pm
California's repeated brushes with blackouts proved too much for Taylor Farms.
Read more... (source: www.rigzone.com)


Uncertainty Remains Around EU Nord Stream 1 Flows

22 September 2022, 5:00pm
Is it possible that Europe is starting to see consumers nominate volumes along Nord Stream 1?
Read more... (source: www.rigzone.com)


China increased electricity generation annually from 2000 to 2020

22 September 2022, 12:00pm
China has steadily increased its electricity generation over the past 20 years, reaching 7,600 terawatthours (TWh) in 2020 from 1,280 TWh in 2000, according to our recently updated Country Analysis Brief: China. Despite COVID-19 mitigation efforts in 2020, China still expanded its electricity generation by 5% in 2020.
Read more... (source: www.eia.gov)


California fuel mix changes in response to September heat wave

21 September 2022, 12:00pm
An extreme heat wave affected California the week of September 4, 2022, driving record-breaking demand for electricity to meet increased air-conditioning use. On September 6, a new record was set in the California Independent System Operator's (CAISO) territory.
Read more... (source: www.eia.gov)


The Waha Hub natural gas price continues to fall below the Henry Hub price

20 September 2022, 12:00pm
Since late 2021, the difference has been widening between the natural gas price at the Waha Hub in West Texas and the U.S. benchmark Henry Hub in Louisiana. The price of natural gas traded at the Waha Hub, which is near production from the Permian Basin, averaged $1.43 per million British thermal units (MMBtu) less than the Henry Hub price during the first half of September. In comparison, in the first half of September 2021, natural gas at the Waha Hub traded at an average of 24 cents/MMBtu less than the Henry Hub price.
Read more... (source: www.eia.gov)


Nuclear power provided about 10% of California's total electricity supply in 2021

19 September 2022, 12:00pm
In 2021, three nuclear power plants supplied about 10% of California's electricity. Diablo Canyon, located in San Luis Obispo County, is California's last operating nuclear power plant, and it supplied over 8% of California's electricity in 2021. The remaining nuclear electricity supply was imported from the Palo Verde Generating Station in Arizona and the Columbia Generating Station in Washington.
Read more... (source: www.eia.gov)


*Please note: CGEF is not affiliated with any of the included websites or news organizations. Links are provided for convenience only.