Industry News

China Risks Winter Energy Crunch

20 September 2021, 9:07pm
China is at risk of the same energy-crunch chaos seen in Europe, with a state-run newspaper warning that coal-fired power plants will struggle to keep the lights on this winter.
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Oil Down With China Demand Concerns

20 September 2021, 7:47pm
Oil slid Monday with rising concerns over China's property situation.
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Canada Oil Patch Heads for Hospital Triage

20 September 2021, 7:18pm
Canada's oil heartland of Alberta has been hit with its most dangerous Covid-19 wave.
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North America Gains 20 Rigs Week on Week

20 September 2021, 6:43pm
North America gained 20 rigs week on week, according to the latest rotary rig count from Baker Hughes, which was released on September 17.
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Environmentalists Send Cease-And-Desist Letter To Wintershall Dea

20 September 2021, 6:09pm
Wintershall Dea receives a letter from compatriot environmental association, ordering it to stop oil and gas activities under a warning of legal action.
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Shell Identifies Significant Damage On GOM Facilities Following Ida

20 September 2021, 5:06pm
Shell reveals significant structural damage on West Delta-143 offshore facilities following Hurricane Ida.
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BP starts up Matapal gas project off Trinidad

20 September 2021, 2:16pm
Oil and gas major BP has achieved the first gas from its Matapal project located in waters offshore Trinidad. The post BP starts up Matapal gas project off Trinidad appeared first on Offshore Energy. ...
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Is Gulf of Mexico Production Still Shut In?

20 September 2021, 2:10pm
Rigzone looks at the Bureau of Safety and Environmental Enforcement's latest production status data for the Gulf of Mexico.
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BP Takes Safe Zephyrus Flotel For Work In UK North Sea

20 September 2021, 1:05pm
BP hires Safe Zephyrus flotel for work on the Seagull project at the ETAP central processing facility. (Image courtesy of Prosafe)
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NatGas Prices Rising Rapidly in Europe

20 September 2021, 1:03pm
Rigzone's regular energy prognosticators look at the natural gas market, the energy transition, weather patterns and more.
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AI-based subsea equipment inspection solution comes to market

20 September 2021, 12:49pm
Wood and National Energy Resources Australia (NERA) have launched a real-time solution for the inspection of […] The post AI-based subsea equipment inspection solution comes to market appeared... ...
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Shelf Drilling wins three-year job for jack-up in India

20 September 2021, 12:30pm
Offshore drilling contractor Shelf Drilling has won a new three-year contract for a jack-up drilling rig for operations off India. The post Shelf Drilling wins three-year job for jack-up in India... ...
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Naga 7 Contract Terminated As Result Of Total Loss Incident

20 September 2021, 12:15pm
Contract for the NAGA 7 jack-up rig considered terminated following an incident earlier this year that sunk the rig. (Image courtesy of Velesto)
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World's longest-operating solar thermal facility is retiring most of its capacity

20 September 2021, 12:00pm
The Solar Energy Generating Systems (SEGS) facility in California's Mojave Desert retired five of its solar plants (SEGS 3 through 7) in July 2021 and plans to retire a sixth (SEGS 8) in September 2021, based on information submitted to EIA and published in our Preliminary Electric Generator Inventory. After SEGS 8 is retired, only one solar thermal unit at SEGS will remain operating (SEGS 9). SEGS, which began operating in 1984, is the world's longest-operating solar thermal power facility.
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Why Gas Desperate Europe Is Not Buying LNG

20 September 2021, 10:47am
A record rally in natural gas prices in Europe doesn't mean it's become lucrative to send every available molecule to the region.
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Equinor to pump up gas supply for tight European market

20 September 2021, 10:36am
Equinor and its partners have received permission to increase gas exports from two fields in Norway to supply the tight European market. The post Equinor to pump up gas supply for tight European... ...
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Wintershall Dea gets cease-and-desist letter from German environmentalists

20 September 2021, 9:31am
Wintershall Dea has received a letter from a German environmental association, calling for the company to stop its activities under a warning of legal action. The post Wintershall Dea gets... ...
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Oil Down as Bearish Risks Grip Markets

20 September 2021, 9:01am
Oil dropped as risky assets began the week on the back foot and the dollar gained ahead of a Federal Reserve meeting that's expected to see stimulus scaled back.
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Shelf Drilling Scores Three-Year Jack-Up Deal With ONGC

20 September 2021, 8:09am
Shelf Drilling wins three-year deal for Parameswara jack-up drilling rig.
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Island Offshore Digitizing Entire Fleet

20 September 2021, 8:08am
Island Offshore has announced that it has signed a contract with Kongsberg Digital for the delivery of the Vessel Insight infrastructure solution.
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BP charters Prosafe unit for UK North Sea job

20 September 2021, 7:36am
Oil major BP has chartered the Prosafe-owned Safe Zephyrus to support the Seagull project at the ETAP facility in the UK North Sea. The post BP charters Prosafe unit for UK North Sea job appeared... ...
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Brazil’s Petrobras commits to net-zero

20 September 2021, 7:30am
Petrobras has revealed an ambition to achieve net-zero emissions from operations under its control in a timeframe set by the Paris Agreement. The post Brazil’s Petrobras commits to net-zero... ...
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Fugro wraps up Pensacola geophysical site survey

20 September 2021, 7:18am
Fugro GB North Marine has completed the geophysical site survey over the planned Pensacola exploration well location on Licence P2522 in the Southern North Sea. The post Fugro wraps up Pensacola... ...
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Strategic Marine launches new fast crew boat design

20 September 2021, 6:50am
Singapore's Strategic Marine has announced the launch of its new Aluminium 42m Gen 4 Fast Crew Boat (FCB) design. The post Strategic Marine launches new fast crew boat design appeared first on... ...
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Viaro Energy expands footprint in the Netherlands ahead of new well

20 September 2021, 6:27am
Viaro has signed a sale and purchase agreement with NAM to acquire an additional 10% share in the F5/F4A East licences in the Netherlands. The post Viaro Energy expands footprint in the Netherlands... ...
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OPEC Secretary General Visits Venezuela

19 September 2021, 1:00pm
OPEC's secretary general, Mohammad Sanusi Barkindo, visited the Bolivarian Republic of Venezuela at the invitation of its government to celebrate OPEC's 61st anniversary.
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Chevron CEO Warns of High Energy Prices and More

18 September 2021, 12:16pm
Here are some of Rigzone's top stories during the last week, just in case you missed them...
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Oil Drops Friday But Up On The Week

17 September 2021, 9:12pm
Oil was up over 3% this week despite a small drop Friday with a rising dollar and threat of more Russian crude.
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Diamondback Rises After Accelerating Returns

17 September 2021, 7:00pm
Diamondback Energy Inc. rose in after-hours trading after pledging to accelerate cash returns to shareholders in the fourth quarter.
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Energy Titans Support Exxon Gulf Coast Carbon Hub

17 September 2021, 6:12pm
An ambitious project aimed at capturing millions of tons of carbon emissions along the U.S. Gulf Coast in Texas garnered the support of some of the world's biggest refiners and chemical manufacturers.
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Oil Markets Remain Volatile

17 September 2021, 4:46pm
Rigzone's regular market watchers look at OPEC's latest forecast, continuing U.S. Gulf of Mexico outages, price movements and more.
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The U.S. exported slightly more petroleum than it imported in the first half of 2021

17 September 2021, 12:00pm
Our Petroleum Supply Monthly trade data show that the United States exported more crude oil and petroleum products than it imported during the first half of 2021 by 120,000 barrels per day (b/d), or less than 1% of combined crude oil and petroleum product exports and imports.
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Hurricane Ida disrupted crude oil production and refining activity

16 September 2021, 12:00pm
On Sunday, August 29, Hurricane Ida made landfall near Port Fourchon, Louisiana, as a Category 4 hurricane. As a result of the hurricane, 96% of crude oil production and 94% of natural gas production in the U.S. federally administered areas of the Gulf of Mexico (GOM) were shut in, according to estimates by the U.S. Department of Interior's Bureau of Safety and Environmental Enforcement. At least nine refineries shut down or reduced production. As a result, we reduced our forecast for crude oil production and refinery runs in our September Short-Term Energy Outlook (STEO).
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Hurricane Ida caused at least 1.2 million electricity customers to lose power

15 September 2021, 8:45am
Hurricane Ida resulted in service outages for up to 1.2 million electricity customers across eight states, according to situation reports from the U.S. Department of Energy's Office of Cybersecurity, Energy Security, and Emergency Response (CESER). Hurricane Ida made landfall on the afternoon of Sunday, August 29, as a Category 4 storm near Port Fourchon, Louisiana. The hurricane initially caused more than one million customer outages in Louisiana, Mississippi, and Alabama. As the storm continued toward the Northeast, it caused outages in several northeastern states on September 1.
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Electric load in southern MISO fell as Hurricane Ida moved through Louisiana

14 September 2021, 12:00pm
As Category 4 Hurricane Ida made landfall along the Southeast coast of Louisiana near New Orleans on August 29, 2021, the electric load in the southern region of the Midcontinent Independent System Operator (MISO) decreased. Hourly electric loads on August 30, the day after landfall, were about 25% to 30% lower than the average for that time of year over the past six years. Southern MISO experienced a similar decline in electric load last year when Hurricane Laura made landfall.
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