Industry News

Top Headlines: Majors Shut-In Production Due to Hurricane Ian and More

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


TotalEnergies Improved Strategy Pays Off, Accelerates Transition

30 September 2022, 8:00pm
TotalEnergies' Board of Directors has reviewed the company's outlook in the context of changing energy markets due to the energy transition.
Read more... (source: www.rigzone.com)


Oil Posts First Quarterly Loss in Two Years as Recession Fears Grow

30 September 2022, 7:47pm
Oil shed nearly 25% to post its first quarterly loss in more than two years as escalating fears over a global economic slowdown and a stronger dollar overshadowed concerns of tightness in oil supplies.
Read more... (source: www.rigzone.com)


ONE-Dyas Going Ahead With $500MM North Sea Gas Field Development

30 September 2022, 7:00pm
ONE-Dyas has made a final investment decision for the development of the N05-A gas field in the North Sea.
Read more... (source: www.rigzone.com)


Princeton to Cut Holdings in Publicly Traded Fossil-Fuel Companies

30 September 2022, 6:00pm
Princeton University is moving to sever financial ties with fossil-fuel companies.
Read more... (source: www.rigzone.com)


Hull Designed For Equinor-Operated Bay Du Nord Project

30 September 2022, 5:00pm
Salt Ship Design has designed the harsh environment FPSO hull for Equinor's Bay du Nord project offshore Canada.
Read more... (source: www.rigzone.com)


Fitch Solutions Gives Oil Price Warning

30 September 2022, 5:00pm
'The global economic outlook remains relatively bearish, raising concerns for demand'.
Read more... (source: www.rigzone.com)


Wartsila Signs First-Ever Fleet Decarbonization Deal In Latin America

30 September 2022, 4:00pm
Wartsila and CBO have signed an agreement for the decarbonization of CBO's fleet of offshore support vessels.
Read more... (source: www.rigzone.com)


Tullow Not The Right Suitor, Capricorn Merging With NewMed

30 September 2022, 4:00pm
Capricorn and NewMed have announced a proposed combination to create a MENA gas and energy firm listed in London.
Read more... (source: www.rigzone.com)


Europe Spending $7.4Bn On Geothermal Heating By 2030

30 September 2022, 3:00pm
The European geothermal heating market will experience a purple patch as governments look for alternatives to gas-fired heating in the coming years.
Read more... (source: www.rigzone.com)


In focus: Balancing act between energy security and net-zero goals

30 September 2022, 2:00pm
The global energy crisis has forced nations around the globe to ponder whether they need to pick between energy security and net-zero goals. Can both be obtained simultaneously? This is the question on everyone’s mind. The post In focus: Balancing act between energy security and net-zero goals appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


U.S. Sets Solar Capacity Record Growth In Past Quarter

30 September 2022, 2:00pm
The U.S. recorded 10 GW of new utility-scale solar capacity contracts in Q2, up 201 percent from Q1, according to Wood Mackenzie
Read more... (source: www.rigzone.com)


Prosafe unit staying longer in UK North Sea

30 September 2022, 1:02pm
Offshore accommodation rig provider Prosafe has secured a contract extension for one of its units in the UK North Sea. The post Prosafe unit staying longer in UK North Sea appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Maersk Setting Up Offshore Wind Training Centre In Nagasaki

30 September 2022, 1:00pm
Maersk Training will be providing support to NaMICPA in establishing a Global Wind Organization training center in Nagasaki, Japan.
Read more... (source: www.rigzone.com)


EnQuest taps Allseas for North Sea platform topsides removal

30 September 2022, 12:04pm
EnQuest has achieved a milestone in the decommissioning of the Heather asset in the UK North Sea following the award of a topside removal contract. The post EnQuest taps Allseas for North Sea platform topsides removal appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Oil Prices Find Some Support

30 September 2022, 12:01pm
'Oil prices found some support this week'.
Read more... (source: www.rigzone.com)


Advances in technology led to record new well productivity in the Permian Basin in 2021

30 September 2022, 12:00pm
The Permian Basin in western Texas and eastern New Mexico is one of the world's most prolific unconventional oil- and natural gas-producing regions. The Permian Basin has become more productive because of the technological advancements in drilling and completion techniques, which allow operators to economically extract hydrocarbons from the low permeability reservoirs.
Read more... (source: www.eia.gov)


Shell secures Maersk rig for operations in Brazil

30 September 2022, 11:52am
Maersk Drilling has secured a contract from Shell for the provisioning of a semi-submersible rig in the Campos basin offshore Brazil. The post Shell secures Maersk rig for operations in Brazil appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Where Will WTI Crude Oil Price Be at End-2022?

30 September 2022, 11:02am
Executives from 159 oil and gas firms offer their views.
Read more... (source: www.rigzone.com)


Series of contracts to keep DOF fleet busy for over 680 vessel days

30 September 2022, 10:11am
DOF Subsea has secured multiple contracts in the Atlantic region and in the Gulf […] The post Series of contracts to keep DOF fleet busy for over 680 vessel days appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


More work with Equinor added to Odfjell rig’s backlog

30 September 2022, 10:09am
Equinor has decided to exercise its option to add another well to the backlog of an Odfjell Drilling-owned rig. The post More work with Equinor added to Odfjell rig’s backlog appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Europe Gas Falls as EU Ministers Back Measures to Contain Crisis

30 September 2022, 9:46am
Natural gas prices in Europe fell.
Read more... (source: www.rigzone.com)


Nord Stream damage causes ‘huge methane peaks’, report says

30 September 2022, 9:00am
An enormous amount of methane gas has been released into the atmosphere due to […] The post Nord Stream damage causes ‘huge methane peaks’, report says appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Biden Admin Readies New Sanctions Targeting Iran Oil Exports

30 September 2022, 8:45am
The U.S. imposed sanctions on a Chinese crude-oil storage operator and nine other entities accused of violating restrictions on Iranian oil exports.
Read more... (source: www.rigzone.com)


Double win for Wood in Brazil

30 September 2022, 8:44am
Wood has been awarded two significant offshore contract extensions by Trident Energy and Equinor for services in Brazil. The post Double win for Wood in Brazil appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Baker Hughes to take care of turbomachinery equipment on Eni’s FLNG

30 September 2022, 7:56am
Baker Hughes has secured a new service contract for maintenance and monitoring of turbomachinery equipment at Coral Sul FLNG in Mozambique. The post Baker Hughes to take care of turbomachinery equipment on Eni’s FLNG appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Helix Alliance Decom taps US duo for plug and abandonment services

30 September 2022, 7:49am
C-Innovation (C-I) and Grand Isle Shipyard (GIS) have secured a plug and abandonment contract […] The post Helix Alliance Decom taps US duo for plug and abandonment services appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)


Norway Heightens Emergency Preparedness on NCS

30 September 2022, 7:48am
'There has been close contact between the Norwegian Government, the police, the Norwegian Armed Forces and the operators on the Norwegian Continental Shelf'.
Read more... (source: www.rigzone.com)


Wood Scores $350MM Production Support Deal From BP

29 September 2022, 8:00pm
BP has awarded a multi-region engineering services contract to Wood for the support of efficient and safe energy production.
Read more... (source: www.rigzone.com)


Oil Down on Falling Equities and Slowdown Fears

29 September 2022, 7:39pm
Oil fell with sinking equities following fresh signals of economic tightening ahead, offsetting the bite of any potential OPEC+ supply cuts.
Read more... (source: www.rigzone.com)


Eni Picks Saipem For Work On Baleine Project In Ivory Coast

29 September 2022, 7:00pm
Saipem has been awarded two new contracts in the Ivory Coast worth approximately 1 billion Euro ($971 million) overall.
Read more... (source: www.rigzone.com)


U.S. commercial buildings continued to increase their energy efficiency as of 2018

29 September 2022, 12:00pm
According to our recently released 2018 Commercial Buildings Energy Consumption Survey (CBECS), the total floorspace in commercial buildings has increased but energy consumption has not, compared with our last survey (2012 CBECS). This difference indicates that the consumption per square foot (energy intensity) has decreased, which means that that efficiency has likely increased.
Read more... (source: www.eia.gov)


California consumers respond to appeals for electricity conservation during heat wave

28 September 2022, 12:00pm
During an extreme heat wave in early September, California's power grid had trouble meeting record-breaking electricity demand as consumers turned up their air conditioning to keep cool. To avoid rolling blackouts, the California Independent System Operator (CAISO), which manages the grid for most of the state, and state officials issued appeals to consumers throughout the heat wave asking them to conserve electricity to lower demand, activated demand response programs, and relied heavily on natural gas and imported electricity.
Read more... (source: www.eia.gov)


U.S. LNG imports reached 15-year lows first-half 2022, displaced by natural gas production

27 September 2022, 12:00pm
In the first six months of 2022, U.S. liquefied natural gas (LNG) imports were the lowest in at least 15 years, averaging 0.08 billion cubic feet per day (Bcf/d), compared with the five-year (2017–21) average of 0.2 Bcf/d for the same period. LNG imports usually peak in the winter months (October–March), and most natural gas imported into the United States comes by pipeline from Canada.
Read more... (source: www.eia.gov)


The United States exported record amounts of petroleum products in the first half of 2022

26 September 2022, 12:00pm
In the first half of 2022 (January—June), U.S. exports of petroleum products averaged nearly 6 million barrels per day (b/d), the most first-half-of-year exports in Petroleum Supply Monthly data, going back to 1973. U.S. petroleum product exports increased in the first half of 2022 by 11% (596,000 b/d) compared with the first half of 2021—the fastest growth rate for that time period since 2017. Nearly all petroleum products contributed to increased exports, and the largest volumes came from distillate fuel oil and hydrocarbon gas liquids (HGLs), which include propane.
Read more... (source: www.eia.gov)


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