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Indian giant starts hunt for 18 specialised vessels as it steps up offshore activity
July 14, 2023
Source: Upstream Online

Indian giant starts hunt for 18 specialised vessels as it steps up offshore activity

ONGC sets out aggressive plans to spend about $3.64 billion this financial year as part of government’s drive to reduce oil imports

Canadian offshore oil play set for multi-well exploration campaign
July 14, 2023
Source: Upstream Online

Canadian offshore oil play set for multi-well exploration campaign

Suncor Energy could drill up to 16 exploration and appraisal wells in prospective block in Newfoundland & Labrador

Xi Keeps Focus on Emissions as China Seeks Energy Security
July 13, 2023
Source: RIGZONE

Xi Keeps Focus on Emissions as China Seeks Energy Security

China’s President Xi Jinping called for greater efforts to curb carbon dioxide emissions, a signal the biggest polluter won’t backslide on climate targets even as it turns to fossil fuels for energy security.

Analyst Sees No Realistic Prospect of Iran Nuclear Deal Being Restored
July 13, 2023
Source: RIGZONE

Analyst Sees No Realistic Prospect of Iran Nuclear Deal Being Restored

The Head of Geopolitics at Energy Aspects, Richard Bronze, has told Rigzone that he doesn’t see any realistic prospect of the 2015 Iran nuclear deal (the Joint Comprehensive Plan of Action) being restored after the failed negotiations over 2021-22.

TotalEnergies CEO defends strategy despite calls to cut fossil fuel production
July 12, 2023
Source: CNBC

TotalEnergies CEO defends strategy despite calls to cut fossil fuel production

TotalEnergies CEO Patrick Pouyanne defended the firm’s greenhouse gas emissions strategy, saying the company would remain committed to oil and gas for a long time.

With oil production in freefall, Alaska, America’s worst state for business, chases a new carbon boom
July 12, 2023
Source: CNBC

With oil production in freefall, Alaska, America’s worst state for business, chases a new carbon boom

Alaska can be a rugged and unforgiving place, and that’s not just its landscape. Its economy is prone to big booms and wrenching busts. Lately, it has seen more busts.

TotalEnergies, Algeria strengthen natural gas, renewables partnership
July 11, 2023
Source: World Oil

TotalEnergies, Algeria strengthen natural gas, renewables partnership

During a meeting held on July 9 in Algiers between Patrick Pouyanné, Chairman and CEO of TotalEnergies, and Toufik Hakkar, Chief Executive Officer of SONATRACH, several agreements were signed to strengthen the cooperation between the two companies in the production of natural gas in Algeria, the delivery of liquefied natural gas (LNG) to Europe, as well as the development of renewables in Algeria.

TotalEnergies begins production at natural gas field offshore Azerbaijan
July 11, 2023
Source: World Oil

TotalEnergies begins production at natural gas field offshore Azerbaijan

TotalEnergies and its partner SOCAR (State Oil Company of the Republic of Azerbaijan) announced the start of production of the first phase of development of the Absheron natural gas and condensate field in the Caspian Sea, around 100 km south-east of Baku.

Eni delivers first LNG cargo to Italian terminal
July 11, 2023
Source: World Oil

Eni delivers first LNG cargo to Italian terminal

Eni delivered a gas cargo of 90 MMcm to the SNAM regasification terminal in Piombino, Italy, on July 8. Unloading operations took place following the completion of the test phase and mark the beginning of the terminal’s commercial operation.

Thai oilfield shut down again after second FSO incident within months
July 10, 2023
Source: Upstream Online

Thai oilfield shut down again after second FSO incident within months

Valeura Energy shuts in 2400 barrels per day of oil at Wassana after floating storage and offloading vessel hits Calm buoy

Terrorists need not apply: Proposals sought to decommission FPSO offshore Australia
July 10, 2023
Source: Upstream Online

Terrorists need not apply: Proposals sought to decommission FPSO offshore Australia

The Australian government has invited proposals from contractors for the next two phases of decommissioning the Northern Endeavour floating production, storage and offloading vessel that has been stranded offshore for years after the operator of the Laminaria-Corallina oilfields went into liquidation.

Iran Tries to Seize 2 Oil Tankers Near Persian Gulf
July 6, 2023
Source: RIGZONE

Iran Tries to Seize 2 Oil Tankers Near Persian Gulf

The US Navy stopped Iranian forces from seizing two oil tankers near the Strait of Hormuz on Wednesday, AP reported, increasing tensions between the countries as they seek to ease relations strained by Iran’s nuclear program and the detention of foreign nationals.

Exxon's Meager Bonuses Make Attracting More Traders Difficult
July 6, 2023
Source: RIGZONE

Exxon's Meager Bonuses Make Attracting More Traders Difficult

Exxon Mobil Corp.’s ambitious expansion in trading is running into a thorny issue: whether or not to pay traders millions of dollars in performance-related bonuses.

Grand Tortue Ahmeyim natural gas project reaches 90% completion
July 5, 2023
Source: World Oil

Grand Tortue Ahmeyim natural gas project reaches 90% completion

As the first phase of the Grand Tortue Ahmeyim (GTA) gas project reaches 90% completion, and first gas targeted for the end of fourth-quarter of 2023, Mauritania and Senegal are already looking ahead to the next stage, which is expected to commence between 2024 and 2025.

NOG closes $168 million Delaware basin acquisition
July 5, 2023
Source: World Oil

NOG closes $168 million Delaware basin acquisition

Northern Oil and Gas, Inc. closed its previously announced acquisition of Delaware basin assets from Forge Energy II Delaware, LLC, an EnCap portfolio company, on June 30, 2023.

ABS publishes “industry first” floating offshore wind substation safety, technical standards requirements
July 5, 2023
Source: World Oil

ABS publishes “industry first” floating offshore wind substation safety, technical standards requirements

In an industry first, ABS has published requirements addressing safety and technical standards for floating offshore wind substations.

ASCO appoints senior energy professional as new CFO
July 5, 2023
Source: World Oil

ASCO appoints senior energy professional as new CFO

ASCO, a global integrated logistics and materials management company, has appointed Tony Wright as its new Group Chief Financial Officer (CFO) following the retirement of Gary Paver.

Asia must reach net zero before the world can do so, says Petronas CEO
July 4, 2023
Source: CNBC

Asia must reach net zero before the world can do so, says Petronas CEO

Asia needs to reach net zero before the world can do so, Tengku Muhammad Taufik said when asked about his views on the world’s net-zero targets. Encompassing fossil fuels as part of the energy base, at least for the first half of the century, is needed if the world wants to move itself away from energy shocks, the Petronas CEO added.

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