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Technip Energies, ExxonMobil to develop world’s largest low-carbon hydrogen facility
today
Source: World Oil

Technip Energies, ExxonMobil to develop world’s largest low-carbon hydrogen facility

Technip Energies won a contract award from ExxonMobil for front-end engineering and design (FEED) for the world’s largest low-carbon hydrogen production facility.

Global energy consultancy creates emissions reduction roadmap for Middle East operator
today
Source: World Oil

Global energy consultancy creates emissions reduction roadmap for Middle East operator

Global energy consultancy Xodus has identified over 25 energy and emissions reduction opportunities for an undisclosed operator’s drilling rig fleet in the Middle East. These findings occurred following a greenhouse gas (GHG) emissions baseline and energy efficiency review.

$1 Trillion Green Investment Matches Fossil Fuels For First Time
yesterday
Source: RIGZONE

$1 Trillion Green Investment Matches Fossil Fuels For First Time

Global investments in the clean energy transition hit $1.1 trillion in 2022, roughly equal to the amount invested in fossil fuel production, the research firm said in its “Energy Transition Investment Trends 2023” report. Never before has the amount spent on switching to renewable power, electric cars and new energy sources like hydrogen topped $1 trillion.

Libya Sees More Deals After Eni's $8B Gas Investment
yesterday
Source: RIGZONE

Libya Sees More Deals After Eni's $8B Gas Investment

Libya’s state energy firm said it expects to sign more deals with foreign companies after Eni SpA agreed to invest $8 billion to extract natural gas in the North African country.

Governor Issues Disaster Declaration for Southeast Texas
yesterday
Source: RIGZONE

Governor Issues Disaster Declaration for Southeast Texas

Texas Governor Greg Abbott has issued a disaster declaration for communities in Southeast Texas impacted by severe storms.

OEUK: windfall tax increase would put energy security in jeopardy
Jan. 24, 2023
Source: World Oil

OEUK: windfall tax increase would put energy security in jeopardy

The Press Association has reported a speech by Rachel Reeves at the Fabian Society Conference, saying that a Labour government would extend the windfall tax on UK North Sea operators from 75% to 78%, “closing the fossil fuel investment loophole, and taxing oil and gas giants at the same rate at which they’re taxed in Norway”.

Canacol Energy makes three oil and gas discoveries in Colombia’s Middle Magdalena Valley
Jan. 24, 2023
Source: World Oil

Canacol Energy makes three oil and gas discoveries in Colombia’s Middle Magdalena Valley

Canacol Energy Ltd. made three gas discoveries at Dividivi 1, Saxofon 1, and Chimela 1 in Colombia’s Middle Magdalena basin. The company also provided updates regarding its near-term drilling programs.

Gulf Marine Services signs renewable contract for major offshore wind farm in France
Jan. 24, 2023
Source: World Oil

Gulf Marine Services signs renewable contract for major offshore wind farm in France

Gulf Marine Services(GMS) has signed a contract to provide construction and developmental support for a major offshore wind farm in France. The contract is due to complete in Q1 2023.

COPL reports first oil production at Cole Creek Unit in Wyoming
Jan. 24, 2023
Source: World Oil

COPL reports first oil production at Cole Creek Unit in Wyoming

Canadian Overseas Petroleum Limited (COPL) and its partners announced first oil production from the Frontier 1 sands at its Cole Creek Unit. The company began recompletion operations on the well 11-27-35n-77w at the end of Dec. 2022 to evaluate the light oil potential of the reservoir sands.

Technip Energies’ FPSO “sets sail” for bp offshore LNG project
Jan. 24, 2023
Source: World Oil

Technip Energies’ FPSO “sets sail” for bp offshore LNG project

Technip Energies announced that the Greater Tortue Ahmeyim (GTA) Floating Production Storage and Offloading (FPSO) sailed away from China to Senegal and Mauritania via Singapore on Jan. 20.

Six Trends Set To Dominate Offshore Wind Sector In 2023
Jan. 18, 2023
Source: RIGZONE

Six Trends Set To Dominate Offshore Wind Sector In 2023

The offshore wind sector witnessed another year of high growth despite global financial uncertainties but here we will look for trends that we expect to dominate 2023.

Is the USA Shale Boom Over?
Jan. 18, 2023
Source: RIGZONE

Is the USA Shale Boom Over?

The U.S. shale boom is done, according to Stephen Brennock, an oil analyst at PVM Oil Associates. “Several factors are behind the end of the U.S. shale boom,” he told Rigzone.

The West’s oil war against Russia is starting to take its toll — sparking calls for tougher measures
Jan. 13, 2023
Source: CNBC

The West’s oil war against Russia is starting to take its toll — sparking calls for tougher measures

Russia’s revenue from fossil fuel exports collapsed in December, according to a new report, significantly hampering President Vladimir Putin’s ability to finance the war in Ukraine.

Oil companies sue Los Angeles over ban on oil and gas drilling
Jan. 13, 2023
Source: CNBC

Oil companies sue Los Angeles over ban on oil and gas drilling

An oil company with a drilling operation in the Wilmington neighborhood of Los Angeles has filed a lawsuit against the city over its law to ban new wells and phase out all drilling within city limits.

GD Energy Products, Catalyst Energy Services partner to bring sustainability to hydraulic fracturing
Jan. 12, 2023
Source: World Oil

GD Energy Products, Catalyst Energy Services partner to bring sustainability to hydraulic fracturing

GD Energy Products (GDEP) and Catalyst Energy Services announced their partnership to bring high horsepower and lower emissions technology to hydraulic fracturing. Together, the companies are committed to innovating and testing technology that improves operations and ESG performance.

Shell advances “digitalization journey” with global agreement with Kabal
Jan. 12, 2023
Source: World Oil

Shell advances “digitalization journey” with global agreement with Kabal

Kabal, a leader in delivering Logistics and Supply Chain SaaS solutions to the energy industry, has signed a global agreement with Shell Plc. “At Shell, we continuously seek new technology to support our employees and operations. The transition to the Kabal SaaS platform is a leap in our digitalization journey. It enables simplified deployment and standardization of Shell operations around the world. This also meets the increasing demand for supply chain responsiveness, resilience, and transparency – and ultimately for more efficient and sustainable operations, says Dirk Mosterman, SC Lead of Digital Logistics Solutions at Shell.

Neptune Energy wins two exploration licenses in Norway
Jan. 12, 2023
Source: World Oil

Neptune Energy wins two exploration licenses in Norway

Neptune Energy has been awarded two new licenses in the Awards in Predefined Areas (APA) 2023, the Norwegian Ministry of Petroleum and Energy announced. The new licenses are close to existing infrastructure in the Gjøa and Fram areas of the Norwegian North Sea. Neptune already has a presence here, reflecting the company’s exploration strategy to focus on key opportunities within core areas.

CGG begins new 3D seismic reimaging project offshore Brazil
Jan. 10, 2023
Source: World Oil

CGG begins new 3D seismic reimaging project offshore Brazil

CGG has announced the start of a new Foz do Amazonas 3D seismic reimaging project, aimed at supporting Brazil’s Permanent Offer initiative in the Equatorial Margin. The project, supported by industry funding, is expected to complete by the end of 2023, with fast-track products available by June.

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