TotalEnergies Said to Seek Sale of North Sea Greater Laggan Area

23 September 2023, 11:00am
A sale of the assets by TotalEnergies would continue a trend of oil majors and private equity firms leaving the aging North Sea.
Read more... (source: www.rigzone.com)

Why Russia's Ban on Diesel Exports Will Last Weeks Not Months

22 September 2023, 8:00pm
Russia's ban on diesel shipments overseas probably won't last for long.
Read more... (source: www.rigzone.com)

Oil Ends Choppy Week Slipping from Yearly Highs

22 September 2023, 7:43pm
Oil eased off yearly highs, capping a tumultuous week that saw the Federal Reserve flagging a further rate hike and Russia banning diesel exports.
Read more... (source: www.rigzone.com)

W&T Completes Acquisition of GOM Assets for $32MM

22 September 2023, 5:30pm
The assets are currently producing about 2,400 boepd.
Read more... (source: www.rigzone.com)

USA Plans $47.7MM in Grants to Advance Clean Hydrogen Tech

22 September 2023, 5:30pm
The funding is for projects that enable the commercial-scale deployment of clean hydrogen.
Read more... (source: www.rigzone.com)

Crane Collapses Near Memphis

22 September 2023, 4:00pm
The U.S. Coastguard announced this week that it performed CPR on a man after a crane collapse near Memphis.
Read more... (source: www.rigzone.com)

Biden Administration Offers $4.6B in Grants to Reduce Climate Pollution

22 September 2023, 3:12pm
The grants target state, local, and tribal programs and policies that cut climate pollution, advance environmental justice, and deploy clean energy solutions.
Read more... (source: www.rigzone.com)

McDermott Bags Wahoo Field Job

22 September 2023, 2:00pm
McDermott has been contracted by PRIO for a transport and installation job for the Wahoo field.
Read more... (source: www.rigzone.com)

In focus: Is climate crisis a ‘fossil fuels crisis’?

22 September 2023, 1:55pm
With only two months left until the COP28 climate summit in Dubai, all eyes […] The post In focus: Is climate crisis a ‘fossil fuels crisis’? appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)

USA Government Ordered to Expand Gulf of Mexico Oil Auction

22 September 2023, 1:00pm
The Biden administration has been ordered by a federal judge to expand its sale of Gulf of Mexico oil leases later this month.
Read more... (source: www.rigzone.com)

UK’s shift in net-zero policy raises red flag: Is this a godsend for people’s pockets or wishful thinking?

22 September 2023, 1:00pm
A deep dive into the backlash and other prominent reactions related to the UK’s Prime Minister's recent changes in net-zero policy. The post UK’s shift in net-zero policy raises red flag: Is this a godsend for people’s pockets or wishful thinking? appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)

Wintershall Dea preparing to drill Norwegian Sea wildcat with Transocean rig

22 September 2023, 12:31pm
Wintershall Dea has secured a drilling permit from Norway’s authorities to spud a wildcat well in the Norwegian Sea. The post Wintershall Dea preparing to drill Norwegian Sea wildcat with Transocean rig appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)

North Sea well yields no hydrocarbons

22 September 2023, 11:50am
Equinor, on behalf of Aker BP, is in the process of concluding the drilling of an exploration well in the North Sea. The post North Sea well yields no hydrocarbons appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)

BP, Pertamina Eye CCUS, Blue Ammonia Projects in Indonesia

22 September 2023, 11:11am
BP has signed an MOU to support a study on potential gas supply and carbon dioxide injection projects in Indonesia.
Read more... (source: www.rigzone.com)

Vietnam Upstream Sector Outlook Brightening

22 September 2023, 11:04am
Vietnam's upstream sector outlook is brightening, according to analysts at BMI, a Fitch Solutions company.
Read more... (source: www.rigzone.com)

Union Jack Acquires Interest in German Assets Through Beacon

22 September 2023, 10:52am
Union Jack Oil has acquired a 3.22 percent interest in Beacon Energy.
Read more... (source: www.rigzone.com)

Green light for Equinor to deploy Transocean rig for drilling ops

22 September 2023, 10:02am
Equinor has received consent to use one of Transocean’s semi-submersible rigs for exploration drilling at a block in the Norwegian Sea. The post Green light for Equinor to deploy Transocean rig for drilling ops appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)

PETRONAS, MISC, and MOL forge pact on LCO2 carrier development

22 September 2023, 9:46am
Malaysia’s state-owned energy giant PETRONAS, through its wholly-owned subsidiary PETRONAS CCS Ventures, has teamed […] The post PETRONAS, MISC, and MOL forge pact on LCO2 carrier development appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)

Analysts Examine USA Gas Inventory

22 September 2023, 8:33am
Prospects for a 4+ trillion cubic foot end of October U.S. gas inventory level have faded, according to a new BofA Global Research report.
Read more... (source: www.rigzone.com)

Sempra’s Port Arthur LNG Phase 2 receives FERC authorization

22 September 2023, 7:04am
The Federal Energy Regulatory Commission (FERC) has approved the permit authorizing the Port Arthur […] The post Sempra’s Port Arthur LNG Phase 2 receives FERC authorization appeared first on Offshore Energy.
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UK Offshore Wind Industry Risks Cancellations: Hedge Fund Chief

22 September 2023, 6:30am
'The industry needs a complete reset'.
Read more... (source: www.rigzone.com)

OPEC Fund Chips In for $200MM Financing for Egypt Food Security

22 September 2023, 6:30am
The OPEC Fund has committed $10 million to Egypt for the import of vital food and agricultural commodities.
Read more... (source: www.rigzone.com)

Chevron Australia, Striking Workers Agree to Terms Proposed by Tribunal

22 September 2023, 6:30am
Chevron Australia and its striking workers have accepted the recommendation for employment conditions made by Australia's Fair Work Commission.
Read more... (source: www.rigzone.com)

Russia Temporarily Bans Diesel Exports

21 September 2023, 8:00pm
Russia temporarily banned exports of diesel in a bid to stabilize domestic supplies.
Read more... (source: www.rigzone.com)

Oil Drops Slightly as Russia Bans Fuel Exports

21 September 2023, 7:11pm
Oil steadied as a broad, risk-off sentiment eroded gains driven by Russia's ban on gasoline and diesel exports, further tightening an already stressed global fuel market.
Read more... (source: www.rigzone.com)

USA Offers $400MM in Grants to Improve Energy Efficiency of Buildings

21 September 2023, 5:30pm
'Switching to the updated energy codes would equate to almost 2 billion metric tons of CO2 emissions reduction'.
Read more... (source: www.rigzone.com)

USA Crude Oil Stocks Drop

21 September 2023, 4:00pm
U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased by 2.1 million barrels, according to the EIA.
Read more... (source: www.rigzone.com)

As Florida Governor pledges to unleash ‘American energy dominance’ and slash gas prices to $2 by 2025, California hits out at fossil fuels industry

21 September 2023, 1:21pm
There is almost an insurmountable gap between the latest energy policies being advocated by Florida Governor and California's governor. The post As Florida Governor pledges to unleash ‘American energy dominance’ and slash gas prices to $2 by 2025, California hits out at fossil fuels industry appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)

Equinor hands over development plans for $9 billion natural gas project off Brazil

21 September 2023, 12:18pm
Equinor has submitted the declarations of commerciality and plans of development for two natural gas fields in the BM-C-33 concession in Brazil’s Campos Basin to Agência Nacional de Petróleo, Gás Natural e Biocombustíveis (ANP). The post Equinor hands over development plans for $9 billion natural gas project off Brazil appeared first on Offshore Energy.
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Ecuador has continued to expand use of hydroelectric power

21 September 2023, 12:00pm
Hydropower has played a key and growing role in Ecuador’s electricity mix by displacing fossil fuels and helping meet higher domestic electricity demand. In 2011, hydroelectric power accounted for 55% of the country’s electricity mix, and electricity from fossil fuels accounted for 43%. In 2021, hydropower produced 79% of Ecuador’s electricity, and fossil fuels produced less than 20%.
Read more... (source: www.eia.gov)

McDermott to install subsea structures for Brazil’s oil & gas company

21 September 2023, 11:55am
Brazilian oil and gas company PRIO, formerly known as PetroRio, has awarded McDermott with a […] The post McDermott to install subsea structures for Brazil’s oil & gas company appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)

The United States surpassed two million on-road light-duty electric vehicles in 2021

20 September 2023, 12:00pm
In 2021, the number of U.S. registered light-duty electric vehicles (EV) on the roads reached 2.13 million vehicles, a sharp increase from the less than 100,000 EVs on the roads in 2012, according to our Monthly Energy Review.
Read more... (source: www.eia.gov)

Changes in U.S. residential natural gas prices lag spot prices

19 September 2023, 12:00pm
Monthly average natural gas wholesale spot prices at the U.S. benchmark Henry Hub have been generally declining so far in 2023, but these relatively low prices do not immediately translate into lower retail prices for residential consumers. Changes in retail natural gas prices lag changes in wholesale natural gas prices, largely due to the nature of utility regulation. Over longer periods, changes in natural gas wholesale and retail prices are more closely correlated.
Read more... (source: www.eia.gov)

China imported record volumes of crude oil in the first half of 2023

18 September 2023, 12:00pm
Record volumes of crude oil were imported into China during the first half of 2023 because of refinery expansions in the country and initiatives to reopen the economy after the government eased COVID-19 mobility restrictions. China imported an average of 11.4 million barrels of crude oil per day (b/d) in the first half of 2023, a 12% increase from 2022's annual average of 10.2 million b/d.
Read more... (source: www.eia.gov)