CEO Says Petrobras Studies How Chevron Got Back Into Venezuela

3 October 2023, 8:00pm
Petrobras is studying how Chevron Corp. managed to resume operations in Venezuela.
Read more... (source: www.rigzone.com)

Oil Edges Higher Despite Stronger Dollar

3 October 2023, 7:48pm
Oil edged higher after a volatile session where traders weighed tightness in the physical market against macroeconomic concerns that are clouding the outlook for demand.
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USA Requires Gas Furnaces to Have 95 Percent Efficiency by 2028

3 October 2023, 5:30pm
'These standards, which take effect late 2028, require non-weatherized gas furnaces and those used in mobile homes to achieve an annual fuel utilization efficiency of 95 percent'.
Read more... (source: www.rigzone.com)

Strategists Forecast USA Crude Inventory Drop

3 October 2023, 4:00pm
Strategists at Macquarie revealed that they are forecasting a U.S. crude inventory drop for the week ending September 29.
Read more... (source: www.rigzone.com)

All energy roads lead to decarbonization with gas as a linchpin of low-carbon transformation

3 October 2023, 3:03pm
Despite the growing opposition to fossil fuels, natural gas, primarily LNG, is still the top contender for the transition fuel, which will bridge the gap towards the sought-after low-carbon and green energy future. The post All energy roads lead to decarbonization with gas as a linchpin of low-carbon transformation appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)

OPEC+ Shows No Sign of Easing Oil Squeeze as Ministers Meet

3 October 2023, 1:00pm
The group is showing no signs of cooling a rally that brought prices near $100 a barrel.
Read more... (source: www.rigzone.com)

U.S. construction costs dropped for solar, wind, and natural gas-fired generators in 2021

3 October 2023, 12:00pm
The average construction costs for solar photovoltaic systems, wind turbines, and natural gas-fired electricity generators all decreased in the United States in 2021 compared with 2020, according to our recently released data. Average construction costs fell by 18% from 2020 for natural gas-fired generators, by 5% for wind turbines, and by 6% for solar photovoltaic systems.
Read more... (source: www.eia.gov)

Expro finalizes acquisition of US well intervention firm

3 October 2023, 11:38am
UK-headquartered energy services provider Expro has completed the acquisition of Houston-based offshore services provider PRT Offshore, […] The post Expro finalizes acquisition of US well intervention firm appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)

New 15-year deals enable Altera to redeploy FPSO and shuttle tanker at Eni’s African oil & gas project

3 October 2023, 11:21am
Altera Infrastructure has secured contracts for the redeployment of an FPSO vessel and a shuttle tanker, which will be converted into an FSO. The post New 15-year deals enable Altera to redeploy FPSO and shuttle tanker at Eni’s African oil & gas project appeared first on Offshore Energy.
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Execs Reveal Where They Expect Henry Hub Price to End Up in 2023

3 October 2023, 11:09am
Executives from 144 oil and gas firms have revealed what they expect the Henry Hub natural gas price to be at the end of 2023 as part of the latest Dallas Fed Energy Survey.
Read more... (source: www.rigzone.com)

GAZ-SYSTEM’s binding open season for Gdańsk FSRU 2 reaches new stage

3 October 2023, 9:13am
Poland’s natural gas transmission system operator GAZ-SYSTEM has completed the process of registration of […] The post GAZ-SYSTEM’s binding open season for Gdańsk FSRU 2 reaches new stage appeared first on Offshore Energy.
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Hybrid-battery-powered vessel backs DeepOcean on UK decommissioning gig

3 October 2023, 8:42am
Subsea services provider DeepOcean has completed a decommissioning project on a Fairfield Energy platform […] The post Hybrid-battery-powered vessel backs DeepOcean on UK decommissioning gig appeared first on Offshore Energy.
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Dyna-Mac’s new multi-million deals include construction of FPSO topside modules

3 October 2023, 8:37am
Dyna-Mac has tucked in a new batch of contract wins with existing customers worth a total provisional sum of S$88 million (over $64.1 million), expanding its net order book to S$630.7 million (more than $459.4 million). The post Dyna-Mac’s new multi-million deals include construction of FPSO topside modules appeared first on Offshore Energy.
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Danish Pension Fund Drops Fossil Fuel Investments

3 October 2023, 8:36am
AkademikerPension has completed its divestment of stakes in upstream oil and gas firms with its most recent divestment in Italy's Eni SpA.
Read more... (source: www.rigzone.com)

Oil and Gas Sector Reacts to Federal Offshore Leasing Program

3 October 2023, 8:35am
Rigzone looks at reactions from the API, IPAA, NOIA, and LOGA and hears from the White House.
Read more... (source: www.rigzone.com)

PetroNor boosts its stake in gas field off Nigeria

3 October 2023, 8:16am
PetroNor has set the wheels in motion to increase its interest in the offshore mining lease no. 113 (OML 113), containing a gas field, offshore Nigeria The post PetroNor boosts its stake in gas field off Nigeria appeared first on Offshore Energy.
Read more... (source: www.offshore-energy.biz)

Airbus Joins Japanese Group Promoting SAF

3 October 2023, 7:58am
Airbus will provide technical information and cooperating on research and technology activities on sustainable aviation fuel.
Read more... (source: www.rigzone.com)

Alexandroupolis LNG terminal wins €106 million European Commission grant

3 October 2023, 7:53am
The European Commission has approved, under EU State aid rules, a €106 million Greek […] The post Alexandroupolis LNG terminal wins €106 million European Commission grant appeared first on Offshore Energy.
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Odfjell Drilling-managed rig starts drilling ops for Neptune in North Sea

3 October 2023, 7:41am
Neptune Energy has kicked off drilling activities at an appraisal well in the Norwegian sector of the North Sea, using a semi-submersible rig managed by Odfjell Drilling. The post Odfjell Drilling-managed rig starts drilling ops for Neptune in North Sea appeared first on Offshore Energy.
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Baker Hughes scores ‘major technology order’ from Venture Global LNG

3 October 2023, 7:28am
Energy technology company Baker Hughes has secured a contract with U.S.-based Venture Global LNG […] The post Baker Hughes scores ‘major technology order’ from Venture Global LNG appeared first on Offshore Energy.
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Belgium Power Firms Given 10-Year $4.2B Support for Supply Security

3 October 2023, 6:30am
Belgium has received EU for a revised 2021-31 state aid offered to companies that allot capacity to be used during shortages.
Read more... (source: www.rigzone.com)

Ellomay Capital Swings Back to Profit

3 October 2023, 6:30am
The Israeli RE firm posted $4.8 million in profit for the first half.
Read more... (source: www.rigzone.com)

ECB, IEA Urge Europe to Be More Aggressive in Energy Transition

3 October 2023, 6:30am
'Europe must scale up funding to support an orderly transition and position itself among other industrial heavyweights in the new energy economy'.
Read more... (source: www.rigzone.com)

EU's Renewable Energy Financing Tender Oversubscribed

3 October 2023, 6:30am
Projects that joined the bidding totaled 516 MW.
Read more... (source: www.rigzone.com)

Ireland Rejects LNG Terminal Project on Climate Grounds

3 October 2023, 6:30am
Ireland has made one of the boldest moves of any nation in Europe in the name of climate action.
Read more... (source: www.rigzone.com)

First Renewable Energy Zone Files EIS in NSW, Australia

3 October 2023, 4:51am
Once complete, the Central West Orana REZ will deliver at least three gigawatts (GW) of transmitted electricity.
Read more... (source: www.rigzone.com)

SLB, Aker Solutions, Subsea7 Form OneSubSea JV

3 October 2023, 4:07am
The new business 'will drive innovation and efficiency in subsea production by helping customers unlock reserves and reduce cycle time'.
Read more... (source: www.rigzone.com)

Nearly 2.5MM Barrels a Day of USA Refining Capacity to Shut

2 October 2023, 8:00pm
Nearly 2.5 million barrels a day of refining capacity will go offline for maintenance from September through December, according to data from Energy Aspects LTD.
Read more... (source: www.rigzone.com)

Oil Falls on Macroeconomic Concerns

2 October 2023, 7:32pm
Oil fell, with the US benchmark tumbling below $90 a barrel, as worries about further interest rate increases and a slowdown in the economy roiled broader markets.
Read more... (source: www.rigzone.com)

West Virginia's Waco Fined $825,000 for Pollution Violations

2 October 2023, 7:00pm
Waco was alleged to have violated the Clean Water Act with unauthorized discharges of dredged or fill material into waters in Braxton County, West Virginia.
Read more... (source: www.rigzone.com)

Over 30 States, Tribes Named for Latest Tranche of USA Grid Resilience Fund

2 October 2023, 5:30pm
The USA has awarded $167.7 million to the eighth cohort of a grant meant to secure power transmission systems from natural disasters.
Read more... (source: www.rigzone.com)

U.S. petroleum product exports set new record in the first half of 2023

2 October 2023, 12:00pm
U.S. petroleum product exports totaled nearly 6.0 million barrels per day (b/d) in the first half of 2023, 2% more than during the same period in 2022. The first half of 2023 saw the most U.S. petroleum product exports during the first six months of any year in our Petroleum Supply Monthly data, which date back to 1981.
Read more... (source: www.eia.gov)

Weather events have reduced our forecast of U.S. hydropower generation by 6% this year

28 September 2023, 12:00pm
Weather events in the U.S. Northwest this past spring and summer led to lower water supply, prompting us to reduce our forecast of U.S. hydropower generation by 6% this year compared with last year.
Read more... (source: www.eia.gov)

Southern California working natural gas storage increases with higher cap at Aliso Canyon

27 September 2023, 12:00pm
On August 31, the California Public Utilities Commission (CPUC) voted to increase working natural gas storage by 67% to 68.6 billion cubic feet (Bcf) at Aliso Canyon, which increased the Southern California Gas Company's (SoCalGas) total working natural gas storage to about 120 Bcf. Aliso Canyon is California's largest underground natural gas storage facility and is located northwest of Los Angeles. The CPUC approved the storage capacity increase at Aliso Canyon to avoid potential energy price increases and enhance reliability for the upcoming 2023–24 winter.
Read more... (source: www.eia.gov)