Industry News

Baker Hughes USA and Canada Rig Counts Increase

8 May 2021, 4:57am
Baker Hughes reported increases in the number of rotary drilling rigs operating in the United States and Canada.
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Rig Sinks and More

8 May 2021, 4:56am
Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
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Oil Prices Finish Week Higher Amid Summer Demand Optimism

7 May 2021, 8:10pm
Oil futures edged upward Friday and posted a gain for the week.
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Oil and Gas Industry Success Fuels Energy Transition

7 May 2021, 6:06pm
Rigzone reviews some oil and gas market hits and misses for the week ending May 7, 2021.
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Chevron Awards GOM Services Contract

7 May 2021, 2:33pm
Worley will establish a subsea tieback development scheme for the Ballymore field.
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In focus: Recent developments in the energy transition race

7 May 2021, 2:20pm
With the In focus column, Offshore Energy delivers a weekly snapshot containing the most relevant energy transition items. The post In focus: Recent developments in the energy transition race... ...
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Average Texas electricity prices were higher in February 2021 due to a severe winter storm

7 May 2021, 1:00pm
In February 2021, extreme winter weather affected energy supply and demand in Texas, resulting in higher electricity prices for some customers. According to preliminary data from EIA's most recent Electric Power Monthly, the average February electricity price was higher for all customer sectors in Texas compared with the same time last year.
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Petchems Firms Report Best Profits in Years

7 May 2021, 12:40pm
The cost of building blocks for everything from plastics to paint has surged over the past year.
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Transocean and Suncor fined over offshore fluid spill

7 May 2021, 12:24pm
Canadian offshore petroleum regulator has fined Suncor Energy and Transocean over an unauthorized fluid discharge from a rig back in 2018. The post Transocean and Suncor fined over offshore fluid... ...
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Final preps underway for Baltic Pipe pipelaying

7 May 2021, 12:22pm
Polish GAZ-SYSTEM is carrying out final preparations to begin laying the offshore gas pipeline […] The post Final preps underway for Baltic Pipe pipelaying appeared first on Offshore Energy. ...
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Big Oil Braces for Climate Votes

7 May 2021, 10:44am
As Europe's oil majors prepare to host their annual shareholder meetings, one topic is garnering almost all the attention.
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Oil Heads for Back to Back Weekly Gain

7 May 2021, 10:35am
Oil headed for a second straight weekly advance as investors bet on rising energy demand amid a broader rally in commodities.
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MMA wins decommissioning gig in Maui field

7 May 2021, 10:15am
MMA Offshore has secured a contract with OMV New Zealand to support the decommissioning […] The post MMA wins decommissioning gig in Maui field appeared first on Offshore Energy. ...
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Applications Open for North Sea Greenhand Program

7 May 2021, 10:12am
Recruitment company Atlas Professionals is now accepting applications for its Greenhand Program.
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ONGC awards three-year deal to Jindal jack-up

7 May 2021, 9:26am
Indian oil and gas company ONGC has hired a jack-up drilling rig from compatriot offshore drilling contractor Jindal Drilling & Industries. The post ONGC awards three-year deal to Jindal jack-up... ...
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Analysts Raise 2021 Oil Price Forecast

7 May 2021, 8:54am
Analysts at Fitch Solutions Country Risk & Industry Research have raised their average Brent oil price forecast for 2021.
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Advocacy firm calls for ousting of Chevron CEO, lead director over climate change policies

7 May 2021, 8:54am
American issue-advocacy organisation Majority Action has urged stakeholders of U.S. supermajor Chevron to vote against the re-election of the current chief executive officer (CEO) and lead... ...
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Velesto Provides Update on Sunken Rig

7 May 2021, 8:34am
Velesto Energy Berhad has provided an update on the Velesto Naga 7 rig, which was revealed to have submerged on May 4.
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Stranded FPSO Umuroa leaves Tui field after 14 years

7 May 2021, 8:10am
The BW Offshore-owned FPSO Umuroa has been disconnected from the Tui field, located offshore New Zealand, after spending 14 years there. The post Stranded FPSO Umuroa leaves Tui field after 14... ...
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BHP Caribbean Project Starts Production

7 May 2021, 8:09am
The shallow-water project is located within the Greater Angostura Field.
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Petrobras contracts SM Continental for ROV services

7 May 2021, 7:28am
Brazilian SM Continental, part of James Fisher group, has won a contract to provide […] The post Petrobras contracts SM Continental for ROV services appeared first on Offshore Energy. ...
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MOL preparing to drill appraisal well in North Sea

7 May 2021, 6:25am
The Norwegian Petroleum Directorate (NPD) has granted MOL Norge a drilling permit for an appraisal well in the North Sea. The post MOL preparing to drill appraisal well in North Sea appeared first... ...
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Oil Prices Decline Amid Uneven Recovery Signs

6 May 2021, 7:59pm
Oil declined amid the coronavirus crisis in India and a slowing demand rebound in the USA.
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Marathon Drops Aircraft Leases and Boosts Debt Focus

6 May 2021, 5:39pm
Marathon Oil Corp. is giving up its corporate aircraft as the shale driller escalates cost cuts.
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Gulf Coast LNG Players Pursue Risky Carbon Capture Route

6 May 2021, 4:53pm
They are seeking to burnish their green credentials via a costly and largely untested technology.
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$2.9B Deal to Expand Marcellus Presence for EQT

6 May 2021, 2:42pm
EQT's CEO said the deal marks "an attractive entry into the Northeast Marcellus."
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Vantage says deepwater market could begin to recover later this year

6 May 2021, 2:25pm
Vantage Drilling believes the shallow water activity is stabilizing and the recovery in the deepwater market could begin later in 2021. The post Vantage says deepwater market could begin to recover... ...
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Seadrill Wins Contract to Support Pioneering GOM Project

6 May 2021, 2:07pm
Talos Energy has contracted a Seadrill drillship for the Tornado Attic well in the deepwater Gulf of Mexico.
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Energy production in the United States fell by more than 5% in 2020

6 May 2021, 12:00pm
In 2020, energy production in the United States fell to just below 96 quadrillion British thermal units (quads), down more than 5% from 2019's record high, according to our Monthly Energy Review. In absolute terms, the drop from 101.3 quads in 2019 to 95.8 quads in 2020 marked the largest annual decrease in U.S. energy production on record. Economic responses to the COVID-19 pandemic that began during the spring of 2020 drove most of this decrease.
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Oil Slides Amid Uneven Consumption Recovery

6 May 2021, 10:44am
Oil slipped below $69 a barrel as traders assessed an uneven recovery in global demand.
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Total Brings Offshore Angola Project Online

6 May 2021, 10:38am
Total (NYSE: TOT) has announced the start of production from the Zinia Phase 2 short-cycle project offshore Angola.
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Shelf Drilling Bags New Deals

6 May 2021, 10:26am
Shelf Drilling, Ltd. (OSE: SHLF) announced Thursday that it has secured a ten-year contract extension for the High Island IX jack-up rig in direct continuation of its current contract in the Arabian Gulf.
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U.S. crude oil imports from OPEC are down, but imports from Canada remain high

5 May 2021, 12:00pm
Voluntary OPEC production cuts have been contributing to reduced U.S. crude oil imports from OPEC so far in 2021. Comparatively stable U.S. crude oil imports from Canada, however, have been mostly the result of longer-term trends. Between 2005 and 2020, U.S. crude oil imports from OPEC members decreased rapidly, but imports from non-OPEC members remained relatively high. In particular, U.S. crude oil imports from Canada more than doubled to average 3.6 million b/d in 2020, which was more than the combined total of crude oil imports from all other countries.
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U.S. imports of biomass-based diesel increased 12% in 2020

4 May 2021, 1:00pm
U.S. imports of biomass-based diesel, which include biodiesel and renewable diesel, grew 12% in 2020 to more than 31,000 barrels per day (b/d), increasing for the second consecutive year. Imports of biomass-based diesel increased in 2020 because of growing demand to meet government renewable fuel programs. U.S. consumption of biomass-based diesel, unlike demand for other fuels, remained relatively unaffected by responses to COVID-19 during 2020.
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U.S. spent nuclear fuel inventory steadily increased from 2013 through 2017

3 May 2021, 12:00pm
The volume of spent nuclear fuel produced by nuclear power plants in the United States has steadily increased during the past few decades. The volume of spent nuclear fuel at the end of 2017 was 13.5% metric tons more than at the end of June 2013, according to newly released data from EIA's Nuclear Fuel Data Survey. The survey data contain information on the quantity and characteristics of spent nuclear fuel at the time when a reactor discharges it.
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