Swedish floating wind tech firm Hexicon said Friday its Twin Hub stepping stone project had been awarded a marine license for the installation of an offshore floating wind demonstrator in the Celtic Sea. "Twin Hub floating demonstrator project in the Celtic Sea has now been awarded a marine licence, for a renewable energy test site... Continue Reading →
Equinor, BP Hit Key Milestone for New York Offshore Wind Projects
Equinor and BP on Friday announced the finalization of the Purchase and Sale Agreements (PSAs) with the New York State Energy Research and Development Authority (NYSERDA), for Empire Wind 2 and Beacon Wind 1 offshore wind projects. Empire Wind is located 15-30 miles southeast of Long Island and spans 80,000 acres, with water depths of... Continue Reading →
ABESPetro’s New Board Takes Office
The Brazilian Association of Petroleum Service Companies (ABESPetro) is under new management. Elected at the last Annual General Meeting last year, the new board took office on the 1st. January 2022. On the same date, the new members of the Supervisory Board and the Advisory Board took office. The new Executive Board is made up... Continue Reading →
Petrobras on production in 2021 and 2022 target
Rio de Janeiro, January 14, 2022 - Petróleo Brasileiro S.A. – Petrobras confirms the achievement of its production targets for the year 2021, with the following results: The highlights of 2021 were: • the start of production from FPSO Carioca, the first platform in the Sépia field, in the Santos Basin pre-salt;• own... Continue Reading →
Oil’s bull run rolls on
(Reuters) - Oil futures rose on Friday on course for a fourth weekly gain boosted by supply constraints and a weaker dollar and despite sources saying China is set to release crude reserves around the Lunar New Year. read more Brent crude futures rose $1.16, or 1.4%, to a two-and-a-half month high of $85.63 a barrel... Continue Reading →
Shell to hand over Deer Park refinery to Pemex next week
(Reuters) - Mexican state oil company Petroleos Mexicanos will take control of the Deer Park refinery in Houston, Texas on Jan. 20, three sources with knowledge of the matter said on Thursday. Royal Dutch Shell (RDSa.L) had agreed in May to sell its majority stake in the Deer Park refinery, which can process up to 340,000 barrels... Continue Reading →
TotalEnergies adds extra Suriname well to Maersk rig’s backlog
TotalEnergies E&P Suriname, a subsidiary of the French energy major TotalEnergies, has decided to exercise its option for one additional well to be drilled by the Maersk Drilling-owned Maersk Valiant rig. Maersk Drilling reported on Friday that TotalEnergies’ Suriname branch has exercised an option to add the drilling of one additional well in Block 58... Continue Reading →
More Shuttle Tankers Needed, Rystad Says
More shuttle tankers will be needed in the years ahead to keep pace with a projected rise in oil volumes needing transport, Rystad Energy said. Produced volumes requiring transport key shuttle tanker markets Brazil, Canada, Norway, the U.K. and Russia are expected to rise to 3.3 billion barrels per year before the end of the... Continue Reading →
SBM Offshore nominates Øivind Tangen as member of the Management Board
SBM Offshore is pleased to announce the proposed appointment of Øivind Tangen as Chief Operating Officer (COO) and member of its Management Board. Øivind Tangen (1973, Norwegian) has been working for the Company for 19 years and has a wealth of experience in engineering and operational roles, as well as in strategy and project execution.... Continue Reading →
Enauta shuts down Brazilian field to prepare for pipeline repair
Brazilian oil and gas company Enauta has stopped production from the Atlanta field, located offshore Brazil, for inspection and repair following a pipeline issue. Enauta disclosed the preventive stoppage of production at the Atlanta field on Thursday. The firm explained the production at the field was stopped for inspection and repair of a production line... Continue Reading →
