Industry News

In focus: Offshore hydrogen steals the show once again

24 March 2023, 2:55pm
In a world troubled by climate change and energy crisis, it has become clear […] The post In focus: Offshore hydrogen steals the show once again appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Westwood: UK’s windfall tax puts oil & gas investments at risk, with domino effect on North Sea rig demand

24 March 2023, 2:10pm
Westwood says that the UK's tax changes could amplify the exodus of rigs from the North Sea, which is already in full swing. The post Westwood: UK’s windfall tax puts oil & gas investments at risk, with domino effect on North Sea rig demand appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Trafigura Investigated Over Commodity Price Manipulation

24 March 2023, 1:18pm
Trafigura Group was investigated by the US Department of Justice over commodity price manipulation
Read more... (source: www.rigzone.com)


Petrobras Could Be World's Last Oil Producer

24 March 2023, 1:07pm
Jean Paul Prates, the head of Brazil's state-controlled oil company, isn't deterred by the world's energy transition.
Read more... (source: www.rigzone.com)


Gas Demand Recovery in Europe Rallies

24 March 2023, 11:07am
European companies are using more natural gas as prices drop.
Read more... (source: www.rigzone.com)


Following last year’s explosions, Danes find undefined object near Nord Stream pipeline

24 March 2023, 10:48am
Following explosions in late September 2022 that caused damage to the Nord Stream pipelines, […] The post Following last year’s explosions, Danes find undefined object near Nord Stream pipeline appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


13 offshore wind projects selected in world’s first Innovation and Targeted Oil & Gas leasing round

24 March 2023, 10:19am
Crown Estate Scotland has selected 13 out of a total of 19 applications with […] The post 13 offshore wind projects selected in world’s first Innovation and Targeted Oil & Gas leasing round appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


With TotalEnergies stake in the bag, Brazilian player becomes sole owner of oil field

24 March 2023, 9:44am
PRIO has completed the acquisition of TotalEnergies’ interest in a field offshore Brazil, enabling it to take full ownership of this field. The post With TotalEnergies stake in the bag, Brazilian player becomes sole owner of oil field appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Denmark Investigates Unidentified Object In Nord Stream Blast

24 March 2023, 9:35am
Denmark is salvaging an unidentified object found next to a Russian gas pipeline.
Read more... (source: www.rigzone.com)


India Set to Surpass China in Need for Oil

24 March 2023, 9:28am
A change is on the horizon for oil demand.
Read more... (source: www.rigzone.com)


Britain's Heat Pump Uptake Among Worst in Europe

24 March 2023, 9:22am
Heat pumps may be essential to Britain's ambitions to cut emissions and reduce exposure to volatile energy markets.
Read more... (source: www.rigzone.com)


Crew member from Allseas’ vessel gets a medevac

24 March 2023, 8:59am
The U.S. Coast Guard (USCG) has performed an evacuation via helicopter of a crew member from one of Allseas’ vessels located approximately 15 miles offshore Port Fourchon, Louisiana. The post Crew member from Allseas’ vessel gets a medevac appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


No hydrocarbons for Equinor in North Sea well

24 March 2023, 8:23am
Norway’s energy giant Equinor has completed the drilling of a wildcat well in the North Sea off Norway but failed to find hydrocarbons. The post No hydrocarbons for Equinor in North Sea well appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Canacol Posts 169 Percent RRR for Proved, Probable Reserves

23 March 2023, 9:00pm
Canacol said it had made discoveries last year in Colombian blocks Esperanza, SSJN7, VIM5, VIM21, VIM33 and VMM45.
Read more... (source: www.rigzone.com)


Oil Falls as SPR Refill Looks Weak

23 March 2023, 8:07pm
Oil halted its recent advance as weakening sentiment weighed on broader markets and the US government signaled that refilling the Strategic Petroleum Reserve will take longer than previously expected.
Read more... (source: www.rigzone.com)


Valeura Energy Wraps Up Gulf of Thailand Assets Acquisition

23 March 2023, 8:00pm
Valeura Energy has completed the acquisition of assets in the Gulf of Thailand including the Nong Yao, Jasmine/Ban Yen and Manora oil fields.
Read more... (source: www.rigzone.com)


ABS Approves Use of Carbon Capture System Onboard Oil Tanker

23 March 2023, 7:00pm
American Bureau of Shipping has given approval in principle to a shipping consortium and OGCI for a carbon capture system installation onboard an oil tanker.
Read more... (source: www.rigzone.com)


MSTA Flags Gulf of Mexico Maritime Threat

23 March 2023, 5:27pm
'Official reporting from within the region is believed to be consistently under representative of the true number of incidents'.
Read more... (source: www.rigzone.com)


Energy Support Spurs Record UK Borrowing in February

23 March 2023, 5:23pm
Government programs to ease energy bills drove state borrowing in the United Kingdom to $20.42 billion last month.
Read more... (source: www.rigzone.com)


Shell Makes Changes with 2 Veterans Departing

23 March 2023, 4:00pm
Harry Brekelmans and Donny Ching are set to leave Shell after more than 30 years of service with the company.
Read more... (source: www.rigzone.com)


Aramco, DHL Ink Deal to Build Saudi Logistics Hub

23 March 2023, 3:00pm
Saudi Arabian Oil Co and DHL Supply Chain have entered into an agreement.
Read more... (source: www.rigzone.com)


Vantage Drilling anticipates rise in rig day rates and fleet utilisation to highest level since 2015

23 March 2023, 2:36pm
Vantage Drilling expects that the future will bring further growth in day rates and utilisation for its fleet of rigs. The post Vantage Drilling anticipates rise in rig day rates and fleet utilisation to highest level since 2015 appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Shortage of Cooking Oil Looms as Biofuels Gain Global Appeal

23 March 2023, 2:00pm
A global biofuel boom is set to drive a shortage of vegetable oils.
Read more... (source: www.rigzone.com)


More North Sea gas thanks to UK’s broader entry specification limit

23 March 2023, 12:51pm
The UK government has made a decision to widen the country’s gas entry specification limit, enabling more North Sea gas to enter the country’s National Transmission System (NTS). The post More North Sea gas thanks to UK’s broader entry specification limit appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Path of Least Resistance for Oil Prices is Now Up

23 March 2023, 12:16pm
The path of least resistance for oil prices is now upwards, according to Standard Chartered.
Read more... (source: www.rigzone.com)


The majority of U.S. households used natural gas in 2020

23 March 2023, 12:00pm
In 2020, 61% of U.S. households used natural gas for at least one energy end use, according to our 2020 Residential Energy Consumption Survey (RECS). Space heating, water heating, and cooking were the most common end uses; more than half of U.S. households used natural gas for space heating, closely followed by water heating.
Read more... (source: www.eia.gov)


After wrapping up Tailwind acquisition, Serica ‘uniquely placed to prosper’

23 March 2023, 11:24am
Serica Energy has closed the acquisition of Tailwind, which has diversifying its portfolio with a new production hub while lifting the firm into the top ten UK producers. The post After wrapping up Tailwind acquisition, Serica ‘uniquely placed to prosper’ appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


France Strikes Hit Oil Refineries, Rippling Across Crude Markets

23 March 2023, 10:34am
Labor strikes in the French refining sector are causing ripple effects across the global oil market.
Read more... (source: www.rigzone.com)


NSTA Says Oil and Gas Company is Under Investigation

23 March 2023, 9:26am
The North Sea Transition Authority has announced that an unnamed oil and gas company is under investigation.
Read more... (source: www.rigzone.com)


Strong Asia Oil Demand Pushes Key Mideast Spread to 2-Year Low

22 March 2023, 9:00pm
A closely-watched gauge of Asian oil demand is at its tightest level in more than two years.
Read more... (source: www.rigzone.com)


Equinor Increases Stake in Scatec

22 March 2023, 8:00pm
Equinor boosted its stake in renewable energy company Scatec.
Read more... (source: www.rigzone.com)


Europe was the main destination for U.S. LNG exports in 2022

22 March 2023, 1:00pm
U.S. exports of liquefied natural gas (LNG) averaged 10.6 billion cubic feet per day (Bcf/d) in 2022, increasing by 9% (0.8 Bcf/d) compared with 2021, according to our Natural Gas Monthly. The increase in U.S. LNG exports was driven by strong LNG demand in Europe, high international natural gas prices, and expanded U.S. liquefaction capacity. U.S. LNG exports to Europe increased 141%, or 4.0 Bcf/d, compared with 2021.
Read more... (source: www.eia.gov)


Waste-to-energy plants are a small but stable source of electricity in the United States

21 March 2023, 1:00pm
Commonly known as waste-to-energy (WTE) plants, facilities that burn municipal solid waste (MSW), or garbage, in boilers to produce steam are a small but steady source of electric power in the United States.
Read more... (source: www.eia.gov)


U.S. petroleum product exports set a record high in 2022

20 March 2023, 1:00pm
In 2022, the United States set a new record for petroleum product exports, up 7% from 2021, according to our Petroleum Supply Monthly. U.S. petroleum product exports averaged 5.97 million barrels per day (b/d) in 2022 (405,000 b/d more than in 2021) driven by an increase of 18% (193,000 b/d) in distillate fuel oil.
Read more... (source: www.eia.gov)


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