Kenya Airways Becomes First African Airline to Fly on Eni's SAF

28 May 2023, 11:00am
Kenya Airways has become the first African airline to use Eni's Sustainable Aviation Fuel on a long-haul flight.
Read more... (source: www.rigzone.com)

Top Headlines: What Will World Oil Demand Be in 2023?

27 May 2023, 11:00am
Check out some of Rigzone's top stories during the last week.
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Oil Futures Settle on Second Weekly Gain

26 May 2023, 8:29pm
Improving hopes for a USA debt limit deal bolstered prices on the week.
Read more... (source: www.rigzone.com)

Saudi Arabia Snaps Up Russian Diesel and Sends Its Own to Europe

26 May 2023, 7:30pm
Saudi Arabia is snapping up millions of barrels of Russian diesel that Europe no longer allows.
Read more... (source: www.rigzone.com)

Aker BP Makes Significant Oil Find Offshore Norway

26 May 2023, 5:00pm
Aker BP said the discovery enhances the resource base for the Yggdrasil development.
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Neptune Starts Production at Adorf Z17 Gas Well in Germany

26 May 2023, 2:27pm
Neptune Energy has kick-started gas production from the Adorf Z17 gas well in Georgsdorf, Germany.
Read more... (source: www.rigzone.com)

For the Global Oil Market, Russia's Output Cut Isn't Happening

26 May 2023, 1:00pm
Wherever you look outside of Russia, there is precious little sign of the oil production cut that President Vladimir Putin and other government officials say is underway.
Read more... (source: www.rigzone.com)

China Solar Exports Grow to $52B

26 May 2023, 11:25am
China's solar exports grew 64 percent to $52 billion in 2022 despite global trade tensions, according to Wood Mackenzie.
Read more... (source: www.rigzone.com)

In focus: Will the hydrogen rainbow chase away fossil fuels’ clouds?

26 May 2023, 10:52am
The global energy players are burning the midnight oil in pursuit of low-carbon solutions to curb emissions and enrich the energy mix. The post In focus: Will the hydrogen rainbow chase away fossil fuels’ clouds? appeared first on Offshore Energy.
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Half of Oil and Gas Workers Find Their Work Exhausting

26 May 2023, 8:07am
Fifty percent of oil and gas workers are finding their work exhausting, according to O.C. Tanner's 2023 Global Culture Report.
Read more... (source: www.rigzone.com)

U.S. player selling partial stake in giant oil field to Mexican conglomerate

26 May 2023, 7:43am
Talos has made arrangements with Grupo Carso to divest a partial stake in its subsidiary, which holds an interest in an oil field off Mexico. The post U.S. player selling partial stake in giant oil field to Mexican conglomerate appeared first on Offshore Energy.
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Household Energy Prices Stagnate in Urban South Africa

26 May 2023, 7:26am
But the central bank raised its interest rate to a record to hold down stubbornly high overall consumer inflation.
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TechnipFMC scores iEPCI contract for Shell’s Gulf of Mexico development

26 May 2023, 7:15am
Energy giant Shell has awarded TechnipFMC with an integrated engineering, procurement, construction, and installation […] The post TechnipFMC scores iEPCI contract for Shell’s Gulf of Mexico development appeared first on Offshore Energy.
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UK Lowers Energy Ceiling Prices

26 May 2023, 7:14am
But the energy utility regulator warned many households could still struggle to pay bills.
Read more... (source: www.rigzone.com)

Heerema lands jacket construction deal for North Sea platform

26 May 2023, 7:10am
Heerema Fabrication Group has been hired by Aker BP for the procurement and construction of a jacket destined for a North Sea platform. The post Heerema lands jacket construction deal for North Sea platform appeared first on Offshore Energy.
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Riled on Nord Stream Probe, Russia Summons European Envoys

26 May 2023, 7:03am
Russia protested what it said was the refusal of Denmark, Germany and Sweden to let Moscow participate in investigations into the Nord Stream “sabotage".
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Colombia Rethinking Fossil Fuel Exploration Ban: Minister

26 May 2023, 6:30am
“We'll certainly take measures to ensure environmental sustainability, but also economic sustainability.”
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More time with Shell in Namibia for one rig while another gets ready to kick off its gig with TotalEnergies

26 May 2023, 6:10am
Northern Ocean has secured a contract extension from the UK-headquartered Shell for operations in Namibia. The post More time with Shell in Namibia for one rig while another gets ready to kick off its gig with TotalEnergies appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)

Oil Falls as Russia Negates Production Cut Notion

25 May 2023, 8:00pm
Oil fell the most since early May after Russia downplayed the likelihood of another OPEC+ production cut.
Read more... (source: www.rigzone.com)

Longest Serving Chairman in Oil Gets 4 More Years

25 May 2023, 8:00pm
Brufau was reelected by a majority of votes at the Madrid-based oil producer's annual shareholders meeting on Thursday.
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Aquaterra Scores Multi-Million Riser Deal With BP

25 May 2023, 6:00pm
Aquaterra Energy has secured a multi-million subsea riser contract with BP for a subsea well development project located in Trinidad and Tobago.
Read more... (source: www.rigzone.com)

Who Is the Most Prolific Private Oil and Gas Producer in the USA?

25 May 2023, 3:15pm
Enverus Intelligence Research has released a list of 'the most prolific 100 private oil and gas producers in the U.S.'.
Read more... (source: www.rigzone.com)

McDermott Secures Work at IOCL Panipat Refinery

25 May 2023, 2:17pm
McDermott has been hired to consult IOCL for the MAH unit job at the Panipat Refinery and Petrochemical Complex.
Read more... (source: www.rigzone.com)

Adnoc Unit Gets $125B in Orders for $769MM IPO

25 May 2023, 1:00pm
Adnoc Logistics & Services drew orders worth $125 billion for its $769 million initial public offering in Abu Dhabi.
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U.S. gasoline prices are down from 2022 heading into Memorial Day weekend

25 May 2023, 12:00pm
The retail price for regular-grade gasoline in the United States on May 22, the Monday before Memorial Day weekend, averaged $3.53 per gallon (gal), 26% (or $1.24/gal) lower than the inflation-adjusted price a year ago. Memorial Day gasoline prices last year were the highest since 2012. The American Automobile Association (AAA) expects 6% more miles traveled this Memorial Day weekend compared with last year because of lower gasoline prices. Although retail gasoline prices have come down from a year ago, they remain higher than during the period from 2019 through 2021.
Read more... (source: www.eia.gov)

Machine Learning Has Potential to Transform Oil and Gas

25 May 2023, 11:49am
'Machine learning is a rapidly growing field in the oil and gas industry'.
Read more... (source: www.rigzone.com)

Carbon capture seen as ‘key tool’ in fight against greenhouse gas emissions

25 May 2023, 9:30am
OEUK has outlined that the recently offered carbon storage licences signify the UK could bury 30 million tonnes of CO2 a year by 2030. The post Carbon capture seen as ‘key tool’ in fight against greenhouse gas emissions appeared first on Offshore Energy.
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Early Bird tickets for Offshore Energy Exhibition & Conference 2023 now available!

25 May 2023, 8:33am
Great news! Tickets for Offshore Energy Exhibition & Conference 2023 (OEEC) are now available […] The post Early Bird tickets for Offshore Energy Exhibition & Conference 2023 now available! appeared first on Offshore Energy.
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‘Significant’ oil discovery for Aker BP in North Sea

25 May 2023, 8:07am
Aker BP has made -what it describes as - a significant oil discovery in the North Sea off Norway, using a Saipem-owned rig. The post ‘Significant’ oil discovery for Aker BP in North Sea appeared first on Offshore Energy.
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Petrobras days away from requesting a rethink of denial to drill Brazilian well

25 May 2023, 8:00am
Petrobras will file a request with IBAMA to reconsider the decision to deny the environmental license to drill a well off Brazil. The post Petrobras days away from requesting a rethink of denial to drill Brazilian well appeared first on Offshore Energy.
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Harbour Energy hands out five-year deal for North Sea assets to Stork

25 May 2023, 7:04am
Stork has been awarded a long-term deal for the delivery of asset integrity services to Harbour Energy’s assets on the UKCS. The post Harbour Energy hands out five-year deal for North Sea assets to Stork appeared first on Offshore Energy.
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EIA explores effects of liquefied natural gas exports on the U.S. natural gas market

24 May 2023, 12:00pm
In our Issues in Focus: Effects of Liquefied Natural Gas Exports on the U.S. Natural Gas Market supplement to our Annual Energy Outlook 2023 (AEO2023), we find that the volumes of liquefied natural gas exports (LNG) do affect average U.S. natural gas prices. However, the resulting range in natural gas prices in our new cases was narrower than the price range in recent history and the AEO2023 side cases despite a wide variety of U.S. LNG export volumes.
Read more... (source: www.eia.gov)

In 2021, Algeria produced record amounts of natural gas

23 May 2023, 12:00pm
In 2021, more natural gas was produced in Algeria than in any year since record-keeping began in 1980, according to the data in our recently updated Country Analysis Brief: Algeria. Algeria produced 9.9 billion cubic feet per day (Bcf/d) of dry natural gas in 2021, a 23.4% increase from the 8.0 Bcf/d the country produced in 2011. Of the natural gas produced in 2021, 53% was exported. Although the overall volume of exports was greater in 2021 compared with 2011, the percentage exported in 2021 was smaller than in 2011, when 60% of Algeria's natural gas was exported. Domestic consumption has increased over the last decade, but recent upgrades to export infrastructure capacity give Algeria the option to export more of its natural gas.
Read more... (source: www.eia.gov)

EIA expects lower crude oil prices for the second half of 2023 and for 2024

22 May 2023, 12:00pm
We lowered our crude oil price forecast for the rest of 2023 and for 2024 in our May Short-Term Energy Outlook (STEO) because of relatively rapid declines in the crude oil price since April. Between April 12, 2023, and May 4, 2023, the Brent crude oil price fell $16 per barrel (b) to $73/b; the West Texas Intermediate crude oil price fell $15/b to $69/b. We expect that a drop in OPEC production and increases in demand will lead to relatively moderate price increases over the next few months.
Read more... (source: www.eia.gov)