Industry News

USA Adds Rigs Again

28 November 2022, 6:00pm
The U.S. added a total of two land rigs week on week.
Read more... (source: www.rigzone.com)


DeepOcean Wins $200 Million In Subsea Deals

28 November 2022, 5:00pm
DeepOcean has been awarded substantial contracts from Equinor, ConocoPhillips, and BP worth over $200 million.
Read more... (source: www.rigzone.com)


Montrose Port Authority Adds Trio To Board

28 November 2022, 4:00pm
Montrose Port Authority has added a new trio to its board of non-executive directors.
Read more... (source: www.rigzone.com)


Woodside Delivers LNG To Europe To Help With Energy Crisis

28 November 2022, 3:46pm
Woodside has shipped an LNG cargo to Europe on board the Woodside Rees Withers from Australia's North West Shelf and delivered it to Uniper.
Read more... (source: www.rigzone.com)


With final prep out of the way, Guyana partners ready to drill upon Noble rig’s arrival

28 November 2022, 3:23pm
CGX and Frontera have wrapped up the preparations to spud an exploration well off Guyana upon arrival of the Noble-owned rig. The post With final prep out of the way, Guyana partners ready to drill upon Noble rig’s arrival appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Gas Still The Big Hope For Achieving Net-Zero

28 November 2022, 3:06pm
The energy sector accounts for nearly 80 percent of GHG emissions, primarily from fossil fuel consumption.
Read more... (source: www.rigzone.com)


Woodside brings North West Shelf LNG to Europe amid ‘urgent need for alternative sources’

28 November 2022, 3:00pm
Australian energy major Woodside Energy has shipped a liquefied natural gas (LNG) from Australia’s […] The post Woodside brings North West Shelf LNG to Europe amid ‘urgent need for alternative sources’ appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


LIVE BLOG: Offshore Energy Exhibition & Conference 2022

28 November 2022, 2:51pm
Welcome to the Live Blog! Here you can read the most up-to-date information about […] The post LIVE BLOG: Offshore Energy Exhibition & Conference 2022 appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Russia Drafts Decree Banning Oil Sales to Price Cap Participants

28 November 2022, 2:45pm
The European Union has been struggling to agree on how strict a price cap should be.
Read more... (source: www.rigzone.com)


As winner of Petrobras’ tender, Prosafe anticipates contract award by year-end

28 November 2022, 1:52pm
Prosafe has been selected as the winning bidder for a 650-day firm period contract for Petrobras’ tender in Brazil. The post As winner of Petrobras’ tender, Prosafe anticipates contract award by year-end appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Final Guidance Published for Tribes to Pick Up Orphaned Well Grant

28 November 2022, 1:36pm
The final guidance provides instructions to Tribes on how to apply for orphaned well grants.
Read more... (source: www.rigzone.com)


Europe's LNG import capacity set to expand by one-third by end of 2024

28 November 2022, 1:00pm
Liquefied natural gas (LNG) import capacity in the European Union (EU) and the United Kingdom (UK) will expand by 34%, or 6.8 billion cubic feet per day (Bcf/d), by 2024 compared with 2021, according to the International Group of Liquefied Natural Gas Importers (GIIGNL) and trade press data. Expansions of import, or regasification, capacity will total 5.3 Bcf/d by the end of next year and grow further by an additional 1.5 Bcf/d by the end of 2024.
Read more... (source: www.eia.gov)


EU Diesel Market Caught Between Rock and a Hard Place

28 November 2022, 12:45pm
The European Union is caught between a rock and a hard place.
Read more... (source: www.rigzone.com)


Following shutdown, North Sea gas project back online

28 November 2022, 12:41pm
UK-headquartered IOG plc has restored production from its Saturn Banks Project – Phase 1 in the UK sector of the North Sea, after a shut-in. The post Following shutdown, North Sea gas project back online appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Drone footage shows Nord Stream pipeline incident ‘undoubtedly sabotage’

28 November 2022, 11:41am
A video of the blast-damaged Nord Stream 2 gas pipeline has indicated that this was undoubtedly an act of sabotage, says a military analyst. The post Drone footage shows Nord Stream pipeline incident ‘undoubtedly sabotage’ appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


WATCH: Dolphin rig docking in Las Palmas to get ready for its gig in Nigeria

28 November 2022, 10:57am
Dolphin Drilling’s Blackford Dolphin rig has arrived in Las Palmas, Spain, where it is expected to prepare for its assignment in Nigeria. The post WATCH: Dolphin rig docking in Las Palmas to get ready for its gig in Nigeria appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Wood Mackenzie: Five Key Takeaways From COP27

28 November 2022, 10:50am
With the COP27 now wrapped up, Wood Mackenzie's Energy Transition team shared their five key takeaways from the climate summit.
Read more... (source: www.rigzone.com)


Chevron to Resume Venezuela Oil Output

28 November 2022, 10:12am
The Biden administration granted Chevron Corp. a license to resume oil production in Venezuela.
Read more... (source: www.rigzone.com)


Shutdown of Baltic Pipe temporarily halts gas flow to Poland

28 November 2022, 10:06am
Energinet is preparing for the Baltic Pipe project to reach its full capacity, which requires a temporary shutdown of the pipeline. The post Shutdown of Baltic Pipe temporarily halts gas flow to Poland appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


North Sea Semi-Sub Utilization Up But Rigs Are Leaving The Region

28 November 2022, 9:53am
Utilization and deal awards to North Sea semi-submersibles during 2022 improved, but the 2023 demand outlook could result in more units leaving the region next year.
Read more... (source: www.rigzone.com)


Oil Market Shows Extreme Sensitivity to OPEC+ Suggestions

28 November 2022, 8:54am
'The depth of the initial fall also demonstrates that some traders do not perhaps listen to some very specific statements carefully enough'.
Read more... (source: www.rigzone.com)


More drilling work on Johan Sverdrup for Odfjell rig

28 November 2022, 8:50am
Equinor has exercised its option to drill additional wells with the Odfjell Drilling-owned rig, extending the rig’s stay offshore Norway. The post More drilling work on Johan Sverdrup for Odfjell rig appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


15th edition of Offshore Energy Exhibition & Conference opens its doors tomorrow!

28 November 2022, 8:17am
Just a few hours left before the offshore energy industry comes together at Offshore […] The post 15th edition of Offshore Energy Exhibition & Conference opens its doors tomorrow! appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


EU Oil Price Cap Talks Stopped Over Too Generous Proposal

27 November 2022, 3:00pm
EU diplomats suspended talks on capping Russian oil prices, as Poland and the Baltic states said no to a 'too generous' proposal to Moscow.
Read more... (source: www.rigzone.com)


Shell Selling Stakes in UK North Sea Oil Fields

27 November 2022, 12:00pm
Shell is selling its stakes in a group of North Sea oil fields, according to marketing materials seen by Bloomberg News.
Read more... (source: www.rigzone.com)


Greta Thunberg Sues Her Country For Failing On Climate

26 November 2022, 3:00pm
A group of children and young adults including Greta Thunberg have filed a lawsuit against Sweden for failing to take adequate measures to stop climate change.
Read more... (source: www.rigzone.com)


Top Headlines: Biden Requests $500MM for Strategic Petroleum Reserve

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


Oil Declines for Third Consecutive Week

25 November 2022, 9:23pm
Oil felt continued pressure this week from slight oversupply dynamics.
Read more... (source: www.rigzone.com)


Perenco Hires Valaris Rig For Southern North Sea Drilling Campaign

25 November 2022, 9:00pm
Perenco UK has secured the services of the Valaris 247 jack-up rig for the Southern North Sea drilling campaign.
Read more... (source: www.rigzone.com)


EnQuest Year-To-Date Production Right on Point

25 November 2022, 8:00pm
EnQuest has reported higher production for the first 10 months of 2022 when compared to the corresponding period in 2021.
Read more... (source: www.rigzone.com)


EU Set to Resume Talks on Price for Russian Oil Cap Tonight

25 November 2022, 6:45pm
European Union diplomats are set to meet Friday evening to see if they can hammer out a final deal.
Read more... (source: www.rigzone.com)


Real U.S. gasoline prices this Thanksgiving are mostly unchanged from last year

23 November 2022, 1:00pm
Consumers paid, on average, $3.65 per gallon (gal) at the pump for U.S. regular gasoline on November 21, the Monday before Thanksgiving. This year's Monday-before-Thanksgiving price is 7.5%, or $0.25/gal, higher than last year, which is the same as the overall consumer goods price increase of 7.7%, based on the Consumer Price Index (CPI).
Read more... (source: www.eia.gov)


Natural gas imports from Canada continue providing winter reliability to U.S. markets

22 November 2022, 1:00pm
Despite the downward trend in natural gas imports from Canada, trade between the United States and Canada remains important in balancing U.S. natural gas markets and helps ensure reliable supply to parts of the United States. Because of ample capacity on pipelines and in storage facilities in Canada, suppliers can rapidly increase flows, which helps to stabilize the U.S. market during periods of supply and demand imbalance, such as during cold winter months.
Read more... (source: www.eia.gov)


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