Hess picks Halliburton’s suite of well construction apps

U.S. oil and gas company Hess Corporation has opted to implement digital wells using a well construction suite from a compatriot oilfield services giant, Halliburton. Halliburton reported on Wednesday, 22 March 2023, that Hess had selected Halliburton’s DecisionSpace 365 Well Construction applications powered by iEnergy Hybrid Cloud to “plan, design, and construct safe, cost effective, and productive wells.” Nagaraj Srinivasan, senior... Continue Reading →

March 23, 2023 0

Karoon offshore Brazil field comes on stream

Australia’s oil and gas company Karoon Energy has kicked off production from a well located on a field offshore Brazil, with first production rates surpassing expectations. In addition, the second well at this field is expected to come online by the end of the month. Back in April 2021, Karoon hired a rig to perform well... Continue Reading →

March 23, 2023 0

EnBW Set to Build Its Largest Offshore Wind Farm in Germany Yet as FID Reached

German energy group EnBW has reached a final investment decision for He Dreiht offshore wind farm in Germany, clearing the way for the start of construction of EnBW’s largest offshore wind farm to date, with an installed capacity of 960 megawatts (MW). EnBW CFO Thomas Kusterer said: “In He Dreiht, we are building one of Germany’s largest... Continue Reading →

March 23, 2023 0

Exclusive: Gunvor to expand in United States after strong profits – CEO

(Reuters) - Energy trader Gunvor made strong profits last year and is looking to expand its oil trading and develop a significant power trading arm in the United States, its CEO told Reuters. Swiss energy traders have posted record returns over the last few years as they thrived in extremely volatile markets brought on by... Continue Reading →

March 22, 2023 0

Floating Wind Specialist BW Ideol Secures Investment from ADEME Investissement

(OE) Floating wind farm and technology developer BW Ideol has entered into exclusive negotiations with ADEME Investissement, a state-owned French financier of innovative infrastructure projects, for ADEME Investissement to invest €40 million in BW Ideol’s project development activities. Under the agreed terms, BW Ideol will transfer its co-development project portfolio to a newly created subsidiary... Continue Reading →

March 22, 2023 0

Ecuador to Revise Down Output Goal by 8% After Force Majeure

(Reuters) Ecuador will need to revise down its daily crude oil production target by some 40,000 barrels, equivalent to about 8%, its oil minister said, after state-run company, Petroecuador declared force majeure on three more oil blocks on Tuesday because of protests. Petroecuador had already declared force majeure on another block over the weekend, also... Continue Reading →

March 22, 2023 0

GreenIT, CIP to Build Three Floating WInd Farms in Italy

(OE) GreenIT, a joint venture between Plenitude (Eni) and CDP Equity (CDP Group), and Copenhagen Infrastructure Partners (CIP) through its Flagship Funds have signed an agreement to develop three floating offshore wind projects in Latium and Sardinia, Italy. The floating wind farms will be located roughly 30 km off the coast and have an overall... Continue Reading →

March 22, 2023 0

New Consortium Pursues Floating Offshore Wind Development in Australia

Offshore installation firm Subsea 7, Australian company Spark Renewables, and international floating wind farm developer Simply Blue Group have created a consortium to pursue floating offshore wind development offshore New South Wales (NSW), Australia, in the Hunter and Illawarra regions. According to the consortium, the recently declared Hunter-Central Coast and Illawarra Renewable Energy Zones offer good opportunities to... Continue Reading →

March 22, 2023 0

Japan’s JERA to buy Belgium’s top offshore wind company for $1.7 bln

(Reuters) - Japan's top utility JERA has agreed to buy Parkwind, Belgium's largest offshore wind platform, for 1.55 billion euros ($1.7 billion), as it expands in renewable power to meet decarbonisation goals. JERA, a joint venture between Tokyo Electric Power Company Holdings (9501.T) and Chubu Electric Power Co Inc (9502.T), will add Parkwind's four offshore wind farms in... Continue Reading →

March 22, 2023 0

Exclusive: Middlemen have left Venezuela’s PDVSA with $21.2 billion in unpaid bills

(Reuters) - Venezuela's state-run oil company PDVSA has accumulated $21.2 billion in accounts receivable, according to documents viewed by Reuters, after turning to dozens of little known intermediaries three years ago to export its oil under U.S. sanctions. The internal disclosure of the enormous amount of unpaid sales - about 84% of PDVSA's total value... Continue Reading →

March 21, 2023 0