Industry News

Risk and barrier management issues found on Equinor FPSO

24 November 2020, 1:56pm

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Odfjell Drilling Signs Equinor Contracts for At Least 27 Wells

24 November 2020, 1:28pm
Odfjell Drilling has signed final rig contracts for a pair of previously announced Equinor drilling campaigns.
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Unplanned outage to push EnQuest output below guidance

24 November 2020, 1:05pm

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Beach taps DOF Subsea for Otway work

24 November 2020, 12:33pm

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W&T Offshore bags two shallow-water blocks in Gulf of Mexico round

24 November 2020, 12:26pm

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EIA updates geological maps of Midland Basin's Wolfcamp formation

24 November 2020, 12:00pm
The U.S. Energy Information Administration (EIA) has released new structure and thickness maps for the Wolfcamp play in the Midland Basin, which is a part of the larger Permian Basin in western Texas and southeastern New Mexico. The Wolfcamp formation has attracted many oil companies because of its stacked potential (that is, multiple hydrocarbon-producing zones on top of one another).
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Neptune Appoints New Egypt MD

24 November 2020, 11:44am
Neptune Energy announced Tuesday that Mohamed Mounes Shahat will join the company in December as its new Egypt Managing Director, based in Cairo.
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TXRRC Commissioner Becomes IOGCC Vice Chairman

24 November 2020, 11:40am
Texas Railroad Commissioner Wayne Christian has been selected to be the Vice Chairman of the Interstate Oil and Gas Compact Commission.
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Deltic Energy seeking partners to mature North Sea prospects towards drilling

24 November 2020, 11:37am

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Noble Shares Reorganization Update

24 November 2020, 11:32am
Noble Holding Corporation plc (OTC-PINK: NEBLQ) announced Monday that the United States Bankruptcy Court for the Southern District of Texas has issued an order approving the company's joint plan of reorganization.
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Aramco Says No One Hurt in Blast

24 November 2020, 11:04am
Saudi Aramco needed about 40 minutes to put out the fire caused by a missile strike on a fuel depot in the Red Sea city of Jeddah.
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Oil Prices Start Week on a Positive Note

24 November 2020, 10:51am
Oil prices started the week on a positive note, capitalizing on recent Covid-19 vaccine news.
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U.S. gov’t launches funding opportunity to drive safety performance in offshore energy

24 November 2020, 10:45am

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Wintershall Dea sets net-zero goals for upstream ops

24 November 2020, 9:49am

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Oil Highest Since March on Vaccine and Biden News

24 November 2020, 9:39am
Oil traded at its highest level since March as markets broadly rallied on the start of the U.S. presidential transition process and with the demand outlook strengthening after a string of positive vaccine breakthroughs.
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Archer nets five-year deal for services on Aker BP platforms

24 November 2020, 8:34am

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Total selects two Maersk Drilling rigs for Suriname campaign

24 November 2020, 7:35am

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Rystad: E&P investments to reach $380B in 2021 but 20 pct at risk of deferral

24 November 2020, 7:06am

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WTI Settles Above $43 a Barrel

23 November 2020, 9:46pm
Global oil prices hit the highest level since March.
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GE Makes Deal for Vietnam LNG Project

23 November 2020, 8:15pm
General Electric Co. and a Vietnamese company signed a memorandum of understanding to develop an LNG power plant near Ho Chi Minh City.
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Abu Dhabi Okays $122B Oil and Gas Spending Plan

23 November 2020, 2:53pm
The UAE is boosting investment to make good on pledges to increase output capacity, even as it struggles against OPEC+ restrictions on supply.
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Seadrill Wins GOM Contracts

23 November 2020, 1:41pm
Seadrill Ltd has added approximately $52 million of backlog following the end of the third quarter of 2020.
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Oilfield Services Players Seek Electric Fracturing Supremacy

23 November 2020, 1:02pm
Rigzone prognosticators identify trends to watch this week in the oil and gas markets.
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New York generated the fourth most electricity from renewable sources of any state in 2019

23 November 2020, 12:00pm
In 2019, more electricity was generated from renewable sources in New York than in all but three states, according to the U.S. Energy Information Administration's (EIA) Electric Power Monthly. New York's 39.4 million megawatthours (MWh) of renewable electricity generation was more than any other state east of the Mississippi River and accounted for 30% of the state's total electricity generation in 2019.
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AqualisBraemar to Buy LOC Group

23 November 2020, 11:48am
AqualisBraemar ASA revealed Monday that it has entered into an agreement to acquire 100 percent of the shares in LOC Group.
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Aker Bags Equinor Deal

23 November 2020, 11:40am
Aker Solutions has won a framework agreement with Equinor (NYSE: EQNR) to provide maintenance and modifications services at the Peregrino field, offshore Brazil.
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China to Take US Oil Refining Crown

23 November 2020, 10:54am
America has been top of the refining pack since the start of the oil age in the mid-nineteenth century, but China will dethrone the U.S. as early as next year, according to the International Energy Agency.
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Wintershall Dea Sets Net Zero Target

23 November 2020, 10:35am
Wintershall Dea aims to achieve net zero emissions on its upstream activities by 2030.
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Oil Up on US Vaccination Optimism

23 November 2020, 9:21am
Oil pushed higher after closing at the strongest level since early September as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improved the demand outlook.
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Demand Rising for LNG and Oil Cargoes

22 November 2020, 6:11am
Here's a recap of articles from the past week that garnered the attention of Rigzone's downstream readers.
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Baker Hughes Rig Counts Show US Decline

21 November 2020, 5:32am
The overall US rotary rig count fell slightly this week.
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Light Crude Ends Week Above $42

20 November 2020, 9:06pm
Oil rose to the highest in nearly three months.
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Off-grid solar generation could affect how Africa uses coal, natural gas for electricity

20 November 2020, 1:00pm
In the International Energy Outlook 2020 (IEO2020), the U.S. Energy Information Administration (EIA) projects electricity generation in Africa using two cases with different assumptions about how future electricity needs are fulfilled. In the Maximum Grid Expansion case, in which a centralized grid is developed to meet electricity demand throughout the continent, EIA projects that solar photovoltaic generators will meet 13% of Africa's electricity generation in 2050. In this case, EIA's projections do not include off-grid, stand-alone generators. In contrast, in the Maximum Off-Grid case, where demand growth in the southern half of the continent (Africa-South) is met by off-grid resources, solar energy—from both grid-connected and off-grid systems—will provide 21% of continent-wide electricity generation in 2050.
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About 25% of U.S. power plants can start up within an hour

19 November 2020, 1:00pm
About 25% of U.S. power plants can start up�going from being shut down to fully operating�within one hour, based on data collected in EIA's annual survey of electric generators. Some power plants, especially those powered by coal and nuclear fuel, require more than half a day to reach full operations. The time it takes a power plant to reach full operations can affect the reliability and operations of the electric grid.
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The Gulf of Mexico saw its largest decrease in crude oil production since 2008 in August

18 November 2020, 1:00pm
In August 2020, the Federal Offshore Gulf of Mexico (GOM) saw its largest monthly decrease in production of crude oil since September 2008, dropping by 453,000 barrels per day (b/d), or 27%. Production of crude oil in the GOM totaled 1.2 million b/d in August 2020, which is its lowest production rate in nearly seven years. The regional drop in production resulted from the path of both Hurricanes Laura and Marco in late August.
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