Industry News

Pioneer Chief Warns of OPEC+ Price War Risk

14 April 2021, 4:30pm
U.S. shale producers risk another oil-price war with OPEC and its allies if they resume the breakneck production growth, according to Pioneer Natural Resources.
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Who Wins if the USA Gulf of Mexico Loses Out?

14 April 2021, 3:01pm
Here is an overview of global regions that could benefit from GOM uncertainty stemming from the Biden administration's leasing moratorium.
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Former Shale CEO Looks Beyond $1.15B Renewable Gas SPAC

14 April 2021, 1:30pm
The former head of a major U.S. shale driller is eyeing more investments in the energy transition.
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Disappointed ExxonMobil forced to curb output on Guyana FPSO

14 April 2021, 1:09pm
ExxonMobil has revealed its disappointment with the performance of the Liza Destiny FPSO following issues with a gas compressor. The post Disappointed ExxonMobil forced to curb output on Guyana FPSO... ...
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Gulf of Mexico crude oil production will increase with new projects in 2021 and 2022

14 April 2021, 1:00pm
EIA forecasts U.S. crude oil production in the U.S. Federal Gulf of Mexico (GOM) to increase in the next two years, according to the latest Short-Term Energy Outlook (STEO). By the end of 2022, 13 new projects could account for about 12% of total GOM crude oil production, or about 200,000 barrels per day (b/d).
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FAR finally gets takeover offer from Remus Horizons

14 April 2021, 12:30pm
Following a conditional non-binding indicative proposal in late 2020, FAR Limited has finally received a takeover offer from Remus Horizons. The post FAR finally gets takeover offer from Remus... ...
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BP Argos Platform Arrives in Texas

14 April 2021, 12:17pm
The platform that will serve as the centerpiece of BP's Mad Dog 2 project has completed its journey from South Korea to the USA.
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Total and Siemens Sign Emissions Reduction Deal

14 April 2021, 12:00pm
Total (NYSE: TOT) and Siemens Energy have signed a technical collaboration agreement to study sustainable solutions for CO2 emissions reduction.
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ADNOC Buys 2 Very Large Crude Carriers

14 April 2021, 11:43am
ADNOC Logistics & Services (ADNOC L&S) has announced the acquisition of two additional Very Large Crude Carriers.
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Chevron Joins Offshore Wind Bandwagon

14 April 2021, 11:10am
Chevron Corp.'s venture capital arm and Moreld Ocean Wind agreed to invest in Ocergy Inc.'s development and commercialization of floating offshore wind turbines.
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DNS Appoints New CEO

14 April 2021, 10:57am
Decom North Sea (DNS) has announced the appointment of Fraser Moonie as its new chief executive officer.
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Lift Vessel Capsizes in Gulf of Mexico

14 April 2021, 10:23am
The U.S. Coast Guard and multiple 'good Samaritan vessels' have rescued six people from a capsized commercial lift vessel in the U.S. Gulf of Mexico, the USCG revealed Tuesday.
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Polarcus agrees standstill and settlement terms with lenders

14 April 2021, 10:16am
Marine seismic company Polarcus has agreed standstill and settlement terms with its lenders who have committed to refrain from exercising any further security interests over the Polarcus Group or... ...
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Dozen missing after liftboat capsizes in Gulf of Mexico

14 April 2021, 9:24am
Six people were rescued and the search is ongoing for others after a liftboat capsized in the U.S. Gulf of Mexico on Tuesday. The post Dozen missing after liftboat capsizes in Gulf of Mexico... ...
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Oil Up After IEA Brightens Outlook

14 April 2021, 9:17am
Oil advanced for a third day after the IEA lifted its forecasts for demand and an industry report pointed to another decline in U.S. crude stockpiles.
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U.S. appeals court affirms Arctic, Atlantic leasing bans

14 April 2021, 9:10am
A U.S. federal appeals court has confirmed bans on offshore oil leasing in most federal Arctic waters in the Atlantic which Trump attempted to open for development. The post U.S. appeals court... ...
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Petronas Awards Well Intervention Contract

14 April 2021, 8:30am
Welltec has won a long-term intervention contract from Petronas.
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U.S. oil major Chevron enters offshore wind market

14 April 2021, 8:10am
U.S. oil major Chevron, together with Norwegian company Moreld Ocean Wind, is set to […] The post U.S. oil major Chevron enters offshore wind market appeared first on Offshore Energy. ...
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ADM, Eunisell considering Barracuda field development options

14 April 2021, 7:51am
Oil and gas investment company ADM Energy has signed a deal with Eunissel to explore collaboration to develop the Barracuda oil field in OML 141 located in shallow waters off Nigeria. The post ADM,... ...
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Santos to drill up to 12 wells in Bedout basin

14 April 2021, 7:32am
Australia's Santos has submitted an environment plan to the country's regulator NOPSEMA ahead of drilling 12 wells in the Bedout Basin. The post Santos to drill up to 12 wells in Bedout basin... ...
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MMHE secures work on SapuraOMV’s offshore gas project

14 April 2021, 6:49am
MMHE has secured a contract from SapuraOMV to undertake the EPCIC for the SK408W Jerun development project offshore Sarawak, Malaysia. The post MMHE secures work on SapuraOMV’s offshore gas... ...
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Aquaterra bags largest riser analysis job ever

14 April 2021, 6:48am
Aquaterra Energy has secured its largest riser analysis contract to date with a Middle Eastern operator to provide riser analysis. The post Aquaterra bags largest riser analysis job ever appeared... ...
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Oil Prices Get Bump from OPEC Demand Optimism

13 April 2021, 8:07pm
Oil closed at the highest in over a week after OPEC boosted its expectation for this year's demand recovery.
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Army General Set to Run Petrobras

13 April 2021, 6:11pm
The abrupt leadership change has led to a slew of defections from the company's board and management team.
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Will Houston Be the Energy Transition Epicenter?

13 April 2021, 3:05pm
A pair of veteran Silicon Valley venture capitalists plan to accelerate the end of the fossil-fuel era from an unlikely perch.
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Permian Oil Output Reflects Economic Recovery

13 April 2021, 2:03pm
The Permian Basin will produce crude oil at levels not seen since the start of the pandemic.
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BP Strikes Oil Offshore Louisiana

13 April 2021, 1:36pm
BP on Tuesday reported an oil discovery on Green Canyon Block 821.
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More electricity is generated in Georgia from biomass than in any state except California

13 April 2021, 1:00pm
In 2020, Georgia generated 5.8 million megawatthours (MWh) of electricity from biomass, or about 10% of the nation's total, the second most of any state according to EIA's Electric Power Monthly. Almost 5% of Georgia's in-state electricity generation in 2020 came from biomass, mostly wood and wood-derived fuels, a share that ranked sixth in the nation. Biomass accounted for nearly half of Georgia's total renewable electricity generation in 2020.
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Texas Regulator Issues Nearly 800 Drilling Permits

13 April 2021, 11:56am
The Railroad Commission of Texas issued 798 original drilling permits in March 2021.
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Oil Up as China Trade Robust Amid Virus Concerns

13 April 2021, 10:32am
Oil rose with traders looking for the next catalyst to shake the market out of a recent tight trading range.
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TOT Starts Making Sustainable Aviation Fuel in France

13 April 2021, 10:24am
Total (NYSE: TOT) has announced that it has started producing sustainable aviation fuel at its La Mede biorefinery, located in southern France, and its Oudalle facility, which is near Le Havre.
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Houston Based VAALCO Appoints New CEO

13 April 2021, 10:19am
VAALCO Energy, Inc. (NYSE, LSE: EGY) has announced that its board of directors has named George Maxwell as the company's new chief executive officer.
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U.S. energy-related CO2 emissions declined by 11% in 2020

12 April 2021, 12:00pm
Based on data in EIA's Monthly Energy Review, energy-related carbon dioxide (CO2) emissions decreased by 11% in the United States in 2020 primarily because of the effects of the COVID-19 pandemic and related restrictions. U.S. energy-related CO2 emissions fell in every end-use sector for the first time since 2012.
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More gasoline expected to be consumed this summer than last, but not more than in 2019

9 April 2021, 1:00pm
In EIA's April Short-Term Energy Outlook (STEO), we expect vaccinations and fiscal stimulus to support continuing economic recovery and drive demand growth for petroleum products in the United States. We also expect gasoline and distillate fuel consumption to increase from last summer (April through September) but remain less than in 2019.
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Mixed water supply conditions expected to affect hydropower outlook in Pacific Northwest

8 April 2021, 12:00pm
On April 1, the National Oceanic and Atmospheric Administration's Northwest River Forecast Center (NWRFC) released its latest water supply forecast for the 2021 water year, which runs through September. The forecast shows near-average water supply in the northern half of the Columbia River Basin and below-average supply in the southern half. Abnormal to severe drought, particularly in Oregon, affected some regions in the southern half of the Columbia River Basin. Overall, EIA expects the forecast of near-to-below normal water supply across the region to decrease the electricity generated from hydropower this summer.
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