Industry News

EIA’s Hourly Electric Grid Monitor shows effects of California wildfire-related shutoffs

23 October 2019, 1:00pm
Starting on Wednesday, October 9, 2019, California electric utility Pacific Gas and Electric (PG&E) shut off electricity to hundreds of thousands of customers in 34 California counties. PG&E had restored electricity to all of those customers by Saturday, October 12. PG&E attributed its decision to shut off electricity to gusty winds and dry conditions in the area, which increases the risk of fires that could be caused or exacerbated by damaged power lines and other electric equipment. The U.S. Energy Information Administration’s (EIA) Hourly Electric Grid Monitor shows the effect of the shutoff event within PG&E and on the larger electric grid system in California.
Read more... (source: www.eia.gov)


Baker Hughes sheds name appendix after GE separation

17 October 2019, 12:40pm
Baker Hughes, a GE company, has announced its name change to Baker Hughes Company. ...
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BHP strikes oil in Trinidad and Mexico

17 October 2019, 12:28pm
Australia's BHP has drilled two additional exploration wells as part of a deepwater drilling campaign offshore Trinidad and Tobago. ...
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Keppel O&M: Majority of orders in 2019 from gas and renewables

17 October 2019, 12:03pm
The company has so far this year secured one offshore drilling rig order ...
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Polarcus wins XArray work in Australia

17 October 2019, 11:12am
Seismic services provider Polarcus has secured high industry prefunding for a multi-client project in Australia. ...
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PGS returns to profit amid improving market

17 October 2019, 9:02am
Norwegian seismic services provider Petroleum Geo-Services (PGS) returned to profit in the third quarter of the year from a loss in the corresponding quarter of 2018 as its revenues received a boost... ...
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Woodside makes Pyxis Hub FID

17 October 2019, 8:00am
Australian oil and gas company Woodside has confirmed it has made a Final Investment Decision for its Pyxis Hub Project offshore W. Australia. ...
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Premier cheers Tolmount East well success

17 October 2019, 6:45am
Oil and gas company Premier Oil has cheered the success of the Tolmount East well located in the UK Southern Gas Basin.  ...
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Nexans holds block party for Nexans Aurora cable layer

17 October 2019, 6:37am
French offshore cabling specialist Nexans has hosted a grand block ceremony for its new cable installation vessel, the Nexans Aurora. ...
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SBM Offshore secures $1.14 billion loan for Liza Unity FPSO

17 October 2019, 6:21am
Dutch FPSO provider SBM Offshore has secured project financing for the FPSO Liza Unity for a total of $1.14 billion. ...
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UK North Sea: Chimera well comes up dry for Cairn

17 October 2019, 6:18am
Cairn Energy has completed drilling of wildcat well 03/17a-3, known as Chimera, but failed to find hydrocarbons.  ...
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Wood names new chief executive of its Americas business

17 October 2019, 6:11am
Oilfield services provider Wood has appointed a new chief executive officer (CEO) of its Americas business. ...
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Deepwater Transformation Sparking New Interest

17 October 2019, 12:00am
Changes have revived interest in deepwater projects and enabled new ones in regions including the North Sea, the Gulf of Mexico and China Seas.
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Asian Buyers Seek Oil From Closer to Home

17 October 2019, 12:00am
Soaring oil tanker costs are boosting Asian demand for crude grades produced closer to home.
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Buyer for Chevron's UK Fields Seeks Funds From Traders

17 October 2019, 12:00am
A unit of Delek Group is seeking alternative means of financing to complete its $2B acquisition of some of Chevron’s North Sea oil and gas assets.
Read more... (source: www.rigzone.com)


BHGE Drops the GE

17 October 2019, 12:00am
Baker Hughes, a GE company (BHGE) reported Thursday that it has changed its name to Baker Hughes Co.
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‘Cleanest’ dual-fuel shuttle tanker duo named in South Korea

16 October 2019, 1:47pm
Shuttle tanker company AET has named what it says are two of the world’s first LNG Dual-Fuel Dynamic Positioning Shuttle Tankers (DPSTs) - Eagle Blane and Eagle Balder. ...
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U.S. Federal Gulf of Mexico crude oil production to continue to set records through 2020

16 October 2019, 1:00pm
U.S. crude oil production in the U.S. Federal Gulf of Mexico (GOM) averaged 1.8 million barrels per day (b/d) in 2018, setting a new annual record. The U.S. Energy Information Administration (EIA) expects oil production in the GOM to set new production records in 2019 and in 2020, even after accounting for shut-ins related to Hurricane Barry in July 2019 and including forecasted adjustments for hurricane-related shut-ins for the remainder of 2019 and for 2020.
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Norway’s offshore wells in 2019 could challenge all-time high levels, Rystad says

16 October 2019, 12:54pm
While global offshore exploration activity has been flat year-to-date, the situation has been far more buoyant on the Norwegian Continental Shelf. ...
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EIA: U.S. Gulf of Mexico oil output to break records in 2019 and 2020

16 October 2019, 12:53pm
U.S. Gulf of Mexico oil production is expected to set new production records in 2019 and 2020 ...
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Norway: Former oil minister to become offshore oil worker, report says

16 October 2019, 12:02pm
Ola Borten Moe, the former minister of energy in Norway, is set to become an offshore oil worker. ...
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Suncor in another near miss incident on Terra Nova FPSO

16 October 2019, 8:50am
Canadian offshore regulator has reported a near miss incident on the Terra Nova FPSO operating in the Atlantic Ocean offshore Newfoundland and Labrador.  ...
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LLOG orders ‘first-of-kind’ subsea trees for Shenandoah offshore development

16 October 2019, 8:46am
The U.S. Gulf of Mexico operator LLOG has ordered subsea trees from TechnipFMC for its Shenandoah project in the deepwater Gulf of Mexico. ...
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GustoMSC’s design for Saudi jack-ups

16 October 2019, 7:27am
Dutch offshore rig designing company GustoMSC has signed a license agreement with Saudi company International Maritime Industries (IMI). ...
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Petrobras orders another FPSO from MODEC

16 October 2019, 7:19am
Japan's MODEC has received a letter of intent for the supply, charter, and operations of an FPSO vessel for Marlim revitalization project from Petrobras. ...
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Yinson to provide FPSO for Marlim project in Brazil

16 October 2019, 6:58am
Yinson has been awarded two letters of intent by Petrobras for the charter, operations and maintenance of FPSO Marlim 2 for the Marlim revitalization project in Brazil. ...
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GALLERY: Plan submission for powering Gullfaks and Snorre with offshore wind

16 October 2019, 6:50am
Norwegian oil major Equinor, along with its partners in the Snorre field, has submitted a development plan of supplying power from floating offshore wind to the field via the Hywind Tampen wind farm. ...
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ONGC Videsh in oil & gas discoveries in Brazil and Colombia

16 October 2019, 6:43am
ONGC Videsh, international business of the Indian oil company ONGC, has announced two discoveries in Brazil and Colombia. ...
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Russia’s Lukoil makes debut in UAE with Ghasha project entry

16 October 2019, 6:35am
Russian oil and gas company Lukoil has entered into ADNOC's Ghasha project for the extraction of hydrocarbons in the UAE. ...
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NOPSEMA begins assessment of Tasmanian Gas Pipeline environment plan

16 October 2019, 5:58am
Australia's National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has begun an assessment of the Tasmanian Gas Pipeline offshore environment plan. ...
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DORIS Engineering, Hyundai Heavy pick up FEED contract for Shwe Phase 3

16 October 2019, 5:38am
DORIS Engineering and Hyundai Heavy Industries have been awarded the front end engineering design contract for the Shwe Phase 3 gas field development, located offshore Myanmar. ...
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Wood Taps Schlumberger Exec for Americas CEO Role

16 October 2019, 12:00am
Stephanie Cox will succeed Andrew Stewart, who is moving into another executive role in Australia.
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US Shale Production on Track to Hit Almost 9 MM Bpd

16 October 2019, 12:00am
The increase in shale oil production in the US reflects a month on month increase of 58,000 bpd.
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Oil Prices Settle Higher

16 October 2019, 12:00am
WTI and Brent crude oil futures on Wednesday posted their first day-on-day gains since Oct. 11.
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ADNOC Forges Closer Ties with Russia

16 October 2019, 12:00am
In the past two days, ADNOC has announced deals with the Russian Energy Agency and Lukoil.
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DOE Greenlights LNG Exports from Venture's Plaquemines Project

16 October 2019, 12:00am
Plaquemines LNG will be able to export up to 3.4 billion cubic feet per day of LNG from the project by ocean-going vessel.
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OPEC+ Will Have to Cut Output Again

16 October 2019, 12:00am
The OPEC+ group of oil producers will need to make deeper output cuts when they meet in December.
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Oil Steady After Two Days of Losses

16 October 2019, 12:00am
Oil steadies near $53 a barrel after two days of declines as the fragile economic environment and unresolved U.S.-China trade war continue to deteriorate the outlook for global fuel demand.
Read more... (source: www.rigzone.com)


Offshore Myanmar Platform FEED Goes to Doris, Hyundai

16 October 2019, 12:00am
Pictured is the Shwe Platform. PHOTO SOURCE: DORIS Engineering
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Argentina Primed for Great Natural Gas Rise

16 October 2019, 12:00am
There are interesting opportunities for shale development in Argentina, and they're pretty promising for natural gas.
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California Fuel Tank Fire Contained

16 October 2019, 12:00am
A fire at a San Francisco-area fuel terminal is contained after spewing black smoke high in the air, snarling rush-hour traffic and prompting officials to ask residents to take shelter.
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US Gulf Oil Trading Weakens as Tanker Rates Skyrocket

16 October 2019, 12:00am
Soaring oil-tanker costs are drying up activity in the U.S. export market as sellers are slow to lower offers and buyers are skittish.
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Northeast natural gas spot prices fall as pipelines fill

15 October 2019, 1:00pm
Natural gas flows out of the Northeast region into the rest of the United States averaged over 16 billion cubic feet per day (Bcf/d) during September—between 1 Bcf/d and 2 Bcf/d more than in previous months, according to data from Genscape. The movement of natural gas increased as natural gas spot prices have declined in the Northeast, and as production in Appalachia has continued to grow.
Read more... (source: www.eia.gov)


Worker injured in fire incident on Taqa’s Tern offshore platform

15 October 2019, 12:29pm
An offshore worker was injured in a fire incident aboard Taqa's Tern Alpha platform in the North Sea ...
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Borr Drilling adds another jack-up rig to its fleet

15 October 2019, 10:00am
Singapore's offshore rig builder Keppel Offshore & Marine has delivered its fourth jack-up rig to Borr Drilling. The rig has been named Hermod.  ...
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OKEA to live stream offshore well log on Twitch

15 October 2019, 8:55am
Norwegian oil and gas company OKEA will on Tuesday start the Draugen drilling campaign offshore Norway, using the Deepsea Nordkapp rig. OKEA will live stream the drilling log from the drilling... ...
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Maritime unions: Keep searching for missing Bourbon Rhode crew!

15 October 2019, 8:47am
The international maritime unions have called for the search to continue for the seven missing seafarers of the Bourbon Rhode vessel which sank in the mid-Atlantic on September 26. ...
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Sonadrill drillship held in Malaysia due to lack of permits

15 October 2019, 7:38am
The Sonangol Quenguela drillship is being held by Malaysian Maritime Enforcement Agency due to docking without permission.  ...
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Keppel Supplies New Jackup

15 October 2019, 12:00am
Keppel FELS Ltd. has delivered the Hermod jackup rig to Borr Drilling Limited.
Read more... (source: www.rigzone.com)


US Crude Exports Expected to Double by 2022

15 October 2019, 12:00am
U.S. crude exports are expected to reach nearly six million bpd by 2022, according to Rystad Energy.
Read more... (source: www.rigzone.com)


Brazil's Sixth Pre-Salt Round Draws Record Number of Bidders

15 October 2019, 12:00am
The total number of bidders surpassed the 16 that qualified for the fourth production round last year.
Read more... (source: www.rigzone.com)


EPA Suggests Biofuel Quota Plan to Counteract Refinery Waivers

15 October 2019, 12:00am
The Environmental Protection Agency proposed changes in the way it sets annual percentages spelling out how much renewable fuel refiners must blend into gasoline and diesel.
Read more... (source: www.rigzone.com)


Oil Prices Falter Despite Geopolitical Situation

15 October 2019, 12:00am
WTI and Brent crude oil futures decline for the second straight day.
Read more... (source: www.rigzone.com)


Crude oil used by U.S. refineries continues to get lighter in most regions

11 October 2019, 1:00pm
The API gravity of crude oil input to U.S. refineries has generally increased, or gotten lighter, since 2011 because of changes in domestic production and imports. Regionally, refinery crude slates—or the mix of crude oil grades that a refinery is processing—have become lighter in the East Coast, Gulf Coast, and West Coast regions, and they have become slightly heavier in the Midwest and Rocky Mountain regions.
Read more... (source: www.eia.gov)


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