fetching latest news

Junking New Coal Projects Less Costly than Retirement: Think-Tank
May 31, 2023
Source: Rigzone

Junking New Coal Projects Less Costly than Retirement: Think-Tank

Canceling coal projects in the pipeline not only helps meet emission reduction targets but also presents a less expensive option compared to closing down operational coal plants, a study in Indonesia has shown.

Trade Sanctions on Russia Led to Rise in Dark Oil Ship Transfers: Report
May 31, 2023
Source: Rigzone

Trade Sanctions on Russia Led to Rise in Dark Oil Ship Transfers: Report

Western sanctions on Russia have led to a rise in “shadowy oil transfers,” according to a report from S&P Global.As Russia seeks ways to get around the sanctions, more oil tankers are switching off their location transponders, known as automatic identification systems, which are designed to improve maritime safety, as well as aid in tracking the shipment of oil, the report said. This is done to obscure ship identities. Despite the safety risks, Russian oil trading is still a lucrative business, as tanker owners could make millions of dollars per voyage, the report said.

Which Generation Is Most in Demand in Oil, Gas Right Now?
May 31, 2023
Source: Rigzone

Which Generation Is Most in Demand in Oil, Gas Right Now?

Which generation is most in demand in the oil and gas industry right now – Baby Boomers, Gen X, Millennials, or Gen Z?. The answer to that question is Millennials, Dave Mount, the President of Louisiana based OneSource Professional Search, outlined to Rigzone.

Iran and Oman sign deal to develop huge shared offshore oilfield
May 30, 2023
Source: Upstream Online

Iran and Oman sign deal to develop huge shared offshore oilfield

The agreement to further develop the Hengam oilfield, which straddles Iran and Oman’s offshore waters, follows an MoU signed last year

Petrobras to contract subsea gear for FPSO pair in ultra-deepwater new frontier
May 30, 2023
Source: Upstream Online

Petrobras to contract subsea gear for FPSO pair in ultra-deepwater new frontier

Brazilian oil giant Petrobras has issued a tender to contract a fresh batch of subsea trees and associated equipment to assist in the development of two producing units to be deployed in the ultra-deepwater section of the Sergipe-Alagoas basin.

Machine Learning Has Potential to Transform Oil and Gas
May 26, 2023
Source: RIGZONE

Machine Learning Has Potential to Transform Oil and Gas

Machine learning has the potential to transform the oil and gas industry, according to data and analytics company GlobalData.

North Sea to See Record Strike Action in June
May 26, 2023
Source: RIGZONE

North Sea to See Record Strike Action in June

The Unite union has confirmed that around 1,650 contractors will begin two new rounds of 48-hour strike action in June.

The intensity of methane emissions from oil and gas sector has declined, study finds
May 24, 2023
Source: CNBC

The intensity of methane emissions from oil and gas sector has declined, study finds

The intensity of methane and greenhouse gas emissions from the oil and gas sector declined 28% and 30%, respectively, between 2019 and 2021 among the largest producers in the country, according to an analysis published by the nonprofits Clean Air Task Force and Ceres.

The homeowner basics of financing solar power for residential real estate
May 24, 2023
Source: CNBC

The homeowner basics of financing solar power for residential real estate

The Inflation Reduction Act, as well as local, state, lender and utility incentives have made residential solar energy systems more attractive improvement projects for homeowners.

Santos hopes to resume Barossa development drilling by year-end: Chief executive
May 22, 2023
Source: Upstream Online

Santos hopes to resume Barossa development drilling by year-end: Chief executive

Santos is optimistic that by year-end it will be able to resume development drilling at its US$3.6 billion Barossa giant gas field development offshore its native Australia; and the project will still be on track for start-up in the first half of 2025 without the budget being massively derailed, said chief executive Kevin Gallagher.

CNPC gets green light to build Gobi Desert energy bases
May 22, 2023
Source: Upstream Online

CNPC gets green light to build Gobi Desert energy bases

State-owned China National Petroleum Corporation has won approval from the Chinese government to build three green energy production bases integrated with wind and solar energy facilities in China’s far flung Gobi Desert.

PTTEP going large offshore Malaysia
May 22, 2023
Source: Upstream Online

PTTEP going large offshore Malaysia

Thailand’s national upstream company PTTEP is set to imminently spud its latest wildcat on Block SK 438 offshore Sarawak, East Malaysia, where the company’s aim is to discover more gas reserves for a potential cluster development or a tie-back to existing facilities.

Oil price dip ignores burgeoning Chinese demand and imminent supply crunch, IEA warns
May 19, 2023
Source: CNBC

Oil price dip ignores burgeoning Chinese demand and imminent supply crunch, IEA warns

The IEA has underlined a disconnect between investment sentiment fueled by broader economic fears and tightening supply-demand balances.

Wildfires burn millions of acres in Canada, send oil prices higher
May 19, 2023
Source: CNBC

Wildfires burn millions of acres in Canada, send oil prices higher

Wildfires burning across western Canada have forced thousands of people to evacuate their homes and have prompted some oil and gas companies to curb production as blazes approach pipelines.

Australian LNG project could shut down within weeks
May 18, 2023
Source: Upstream Online

Australian LNG project could shut down within weeks

Santos looks set in as little as one month to shut down its Darwin liquefied natural gas project in Australia’s Northern Territory as feed gas levels from its ageing Bayu-Undan field offshore Timor-Leste fall below the level required for commercial operations.

Saudi feast: Italian giant lands Aramco offshore contract
May 18, 2023
Source: Upstream Online

Saudi feast: Italian giant lands Aramco offshore contract

A leading Italian engineering and construction giant has landed a sizeable offshore contract from Saudi Aramco for work on its Marjan oilfield, as a part of the Saudi state giant’s long-term agreement (LTA) with international contracting players.

New fuel policy in Brazil to ease prices at the pump, space out adjustments
May 17, 2023
Source: REUTERS

New fuel policy in Brazil to ease prices at the pump, space out adjustments

Brazilian state oil company Petrobras approved a new fuel pricing policy for gasoline and diesel that will sharply lower costs for motorists, it announced on Tuesday, ditching a more market-based policy in favor of greater flexibility to smooth price swings.

Shell to use new AI technology in deep sea oil exploration
May 17, 2023
Source: REUTERS

Shell to use new AI technology in deep sea oil exploration

Shell Plc (SHEL.L) will use AI-based technology from big-data analytics firm SparkCognition in its deep sea exploration and production to boost offshore oil output, the companies said on Wednesday.

Please Login to Save News for Later

+