Upstream RSS Feed from en Wed, 28 Jul 2021 02:12:26 +0200 In House Programming Oil prices steady as virus spread counters tight supplies IMF cuts economic growth forecast for emerging Asia Coronavirus Finance Production Politics Safety Tue, 27 Jul 2021 23:16:20 +0200 Reuters NHST Delta variant: US issues travel warnings to Spain and Portugal on Covid-19, while US Centres for Disease Control is set to recommend that vaccinated individuals wear masks indoors Photo: REUTERS/SCANPIX 2021-07-27T21:16:20Z news 2-1-1045279 US LNG exports hit record levels in the first half of '21 US exports averaged 9.6 Bcfpd for the first six months of the year LNG Finance Shale Production Politics Tue, 27 Jul 2021 22:50:22 +0200 Mark Passwaters NHST Record levels: US LNG exports hit an all-time high in the first half of 2021 Photo: DUKA 2021-07-27T20:50:22Z news 2-1-1045263 China calls for oil and gas spending boost as economy surges Energy watchdog says there is no time to lose in pursuing and developing untapped oil and gas reserves Production Exclusive Politics Tue, 27 Jul 2021 16:33:28 +0200 Xu Yihe NHST Operations: Sinopec drilling a shale gas well in the Sichuan basin in southwestern China Photo: SINOPEC 2021-07-27T15:52:49Z news 2-1-1045047 Termination risk: Sembcorp Marine warns of projects under construction being cancelled 'Unprecendented times' for Singaporean offshore and marine contractor Finance Tue, 27 Jul 2021 15:44:27 +0200 Amanda Battersby NHST Flagship: SembCorp Marine's Tuas Boulevard Yard. Photo: SEMBCORP MARINE 2021-07-27T13:44:27Z news 2-1-1044975 Qatargas closing in on key North Field onshore contract award Third EPC package involving utilities work likely to be awarded within weeks Field_Development Exclusive Tue, 27 Jul 2021 14:31:54 +0200 Nishant Ugal NHST Decision phase: Qatar Petroleum chief executive Saad Sherida Al Kaabi Photo: QATAR PETROLEUM 2021-07-27T14:47:14Z news 2-1-1044844 Brazil-bound Mero floater hull ready for topsides integration in China Arrival of Sepetiba FPSO on Sunday will see Bomesc deliver the floater in March 2022 Field_Development Rigs_and_Vessels Tue, 27 Jul 2021 12:51:43 +0200 Xu Yihe NHST Arriving: the Sepetiba FPSO hull is to be interfaced with topsides at Bomesc yard in Tianjin Photo: CMHI 2021-07-27T11:14:15Z news 2-1-1044815 SBM Offshore advances floating wind test project off Wales after Crown Estate move SBM and US partner Cierco aim to install floating wing pilot plan in Celtic Sea Energy_Transition Tue, 27 Jul 2021 11:20:21 +0200 Iain Esau NHST Crown Estate decision: Pembroke Castle in Wales was the birth place of King Henry VII Photo: REUTERS/SCANPIX 2021-07-27T11:51:09Z news 2-1-1044970 Wintershall Dea sees profits bounce back on oil price recovery Production figures also on the up thanks to additional production coming online in Russia and Egypt Finance Production Tue, 27 Jul 2021 09:25:06 +0200 Josh Lewis NHST Rise in profits: Wintershall chief executive Mario Mehren Photo: WINTERSHALL 2021-07-27T10:27:21Z news 2-1-1044859 CIMC Raffles' South China Sea platform prize The yard in China's Shandong province lands engineering, procurement and construction job from CNOOC EnerTech with bid of US$39 million and committing to delivering unit in 14 months Field_Development Rigs_and_Vessels Tue, 27 Jul 2021 08:43:14 +0200 Xu Yihe NHST Awarded: CIMC Raffles lands new offshore platform EPC job for South China Sea field development Photo: CIMC Raffles 2021-07-27T07:35:16Z news 2-1-1044807 Hyundai Heavy Industries stays in the black KSOE lands contracts totalling $1 billion-plus for seven LNG carriers Rigs_and_Vessels Finance Tue, 27 Jul 2021 08:08:57 +0200 Amanda Battersby NHST Flagship facility: Hyundai Heavy Industries' yard in Ulsan, South Korea Photo: HYUNDAI HEAVY INDUSTRIES 2021-07-27T07:32:37Z news 2-1-1044682 Ghana court dismisses Eni appeal over escrow account - but unitisation dispute still unresolved Eni loses appeal over Ghanaian court decision to place Sankofa field revenues in escrow while unitisation talks are ongoing Field_Development Tue, 27 Jul 2021 07:59:26 +0200 Iain Esau NHST Court decision: Springfield chief executive Kevin Okyere Photo: SPRINGFIELD 2021-07-27T07:30:20Z news 2-1-1044742 Vedanta steps on the investment pedal in India $200m allocated to new production wells; $150m to exploration wells Production Exploration Tue, 27 Jul 2021 05:53:37 +0200 Russell Searancke NHST Workers: of Vedanta's Indian subsidiary Cairn Oil and Gas Photo: VEDANTA 2021-07-27T03:53:37Z news 2-1-1044814 Papua LNG project activity poised to pick up Oil Search says financing, technical and commercial work has progressed LNG Finance Politics Tue, 27 Jul 2021 05:16:05 +0200 Russell Searancke NHST Lining up for progress: in Papua New Guinea Photo: SAEED KHAN/AFP 2021-07-27T03:55:00Z news 2-1-1044811 Eni to partner with KazMunaiGas on energy transition projects in Kazakhstan Rome-based player looks to expand on existing wind and solar developments in Central Asian country and develop further renewable, hydrogen and biofeedstock projects Hydrogen Energy_Transition Tue, 27 Jul 2021 04:42:38 +0200 Josh Lewis NHST Decarbonisation: Eni chief executive Claudio Descalzi widened the company's energy transition scope in Kazakhstan Photo: AFP/SCANPIX 2021-07-27T02:42:38Z news 2-1-1044809 Oil steadies in undersupplied market but coronavirus cases weigh Growth in Chinese oil imports set to fall sharply Field_Development Coronavirus Finance Production Politics Mon, 26 Jul 2021 22:51:31 +0200 Reuters NHST Oil market deficit: set to last but coronavirus clouds demand Photo: REUTERS/SCANPIX 2021-07-26T20:51:31Z news 2-1-1044779 Eneva charters rig for seven-well campaign in Brazil’s Amazon Brazilian independent enlists Constellation rig for programme in the onshore Azulao natural gas field Field_Development Rigs_and_Vessels Finance Production Mon, 26 Jul 2021 20:47:47 +0200 Fabio Palmigiani NHST New charter: the Constellation Oil Services land rig QG-VIII Photo: CONSTELLATION OIL SERVICES 2021-07-26T18:47:47Z news 2-1-1044758 Talos Energy wraps up Tornado Attic well and reports production boost Gulf of Mexico wells go better than expected for Talos Energy Rigs_and_Vessels Finance Production Exploration Mon, 26 Jul 2021 19:23:04 +0200 Mark Passwaters NHST Tornado tale: Talos president Timothy Duncan had some positive well results to report Photo: OTC 2021-07-26T17:41:56Z news 2-1-1044719 Front-runner: Schlumberger takes lead in Petrobras well technology drive Brazilian oil giant applies new concept to optimise well construction in mature post-salt fields Production Exclusive Mon, 26 Jul 2021 17:41:42 +0200 Fabio Palmigiani NHST New technology: the Cidade de Vitoria FPSO operating at the Golfinho field in the Espirito Santo basin offshore Brazil Photo: PETROBRAS 2021-07-26T15:41:54Z news 2-1-1044722 LNG proponent Pieridae Energy's days are numbered as it studies 'strategic alternatives' Pieridae Energy may be sold or merged after its Goldboro LNG project in Nova Scotia fails to fly LNG Mon, 26 Jul 2021 16:07:46 +0200 Iain Esau NHST Not viable: Goldboro, the site of Pieridae Energy's proposed LNG facility in Nova Scotia, Canada Photo: PIERIDAE ENERGY 2021-07-27T11:53:18Z news 2-1-1044670 FID at Whale: Shell green lights key deep-water development offshore Gulf of Mexico Project is expected to reach peak production of about 100,000 barrels of oil equivalent per day Field_Development Finance Mon, 26 Jul 2021 16:03:27 +0200 Nishant Ugal NHST Sanction: Shell chief executive Ben van Beurden Photo: REUTERS/SCANPIX 2021-07-26T14:09:27Z news 2-1-1044611 UAE’s Dana Gas wins key arbitration on Egyptian asset sale The dispute involves termination of the sale of its Egyptian oil and gas assets to IPR Energy group Finance Mon, 26 Jul 2021 15:01:51 +0200 Nishant Ugal NHST Arbitration win: Dana Gas chief executive Patrick Allman-Ward Photo: NASSIR SHIRKHANI 2021-07-26T14:07:41Z news 2-1-1044558 Repsol flicks the switch on its biggest-ever solar project in Spain Company accelerates shift to renewables with first power from 264MW Valdesolar PV farm in west of Spain Energy_Transition Mon, 26 Jul 2021 14:56:16 +0200 Darius Snieckus NHST Renewables push: Repsol has switched on its largest ever solar farm in Spain Photo: AFP/SCANPIX 2021-07-26T13:50:53Z news 2-1-1044612 Eni boosts Spanish and French renewable portfolio with 'strategic' gigascale buy-ups Italian oil major to acquire nearly 4.2GW portfolio of projects that are operational or in advanced development Energy_Transition Mon, 26 Jul 2021 14:34:10 +0200 Josh Lewis,Bernd Radowitz NHST Growing renewables capacity: Eni chief executive Claudio Descalzi Photo: AP/SCANPIX 2021-07-27T03:00:58Z news 2-1-1044583 BP hit with £50,000 fine over breach of North Sea licence in first ever sanction by OGA Oil & Gas Authority issues penalty after UK supermajor failed to report progress on two extended well tests Production Mon, 26 Jul 2021 13:24:57 +0200 Rob Watts NHST Penalty: BP, led by chief executive Bernard Looney, has been fined £50,000 by the OGA Photo: AFP/SCANPIX 2021-07-26T14:12:09Z news 2-1-1044552 China overtakes UK with world’s largest offshore wind power capacity China set to contribute 63% to the world’s 11.8GW offshore wind power capacity increase this year Energy_Transition Mon, 26 Jul 2021 13:15:39 +0200 Xu Yihe NHST Maiden venture: CNOOC's first offshore wind project in Jiangsu province Photo: CNOOC 2021-07-26T14:13:16Z news 2-1-1044437 Equinor takes over Grosbeak discovery Swap deal with Wellesley Petroleum sees independent acquire Orn, Atlantis and Canon stakes Field_Development Mon, 26 Jul 2021 12:55:35 +0200 Ole Ketil Helgesen NHST At the helm: Equinor chief executive Anders Opedal Photo: EQUINOR 2021-07-26T14:16:04Z news 2-1-1044423 Reliance and BP double gas production from flagship Indian deepwater asset Combined gas production from KG-D6 block moves past 18 MMcmd Production Mon, 26 Jul 2021 12:18:06 +0200 Nishant Ugal NHST Gas production: Reliance Industries managing director Mukesh Ambani Photo: REUTERS/SCANPIX 2021-07-26T10:55:26Z news 2-1-1044397 Longboat partners Equinor in maiden exploration well off Norway UK-listed junior gets set for first probe in proposed seven-well programme Exploration Mon, 26 Jul 2021 10:39:27 +0200 Rob Watts NHST Work on horizon: the semisub West Hercules Photo: EQUINOR 2021-07-26T14:20:32Z news 2-1-1044410 Appointed: new president for state-owned CNPC The general manger of newly established PipeChina returns to CNPC as its president, where he had worked for more than 30 years People Mon, 26 Jul 2021 08:36:40 +0200 Xu Yihe NHST Appointed: CNPC president Hou Qijun Photo: CNPC 2021-07-26T07:04:02Z news 2-1-1044318 Four missing: China offshore wind installation vessel partially capsizes Rescuers evacuate 61 crew after vessel Shengping 001 tilted to the water after hitting an offshore wind foundation offshore Huizhou on Sunday Rigs_and_Vessels Mon, 26 Jul 2021 08:26:33 +0200 Xu Yihe NHST Capsized: the Shengping 001 offshore wind installation vessel offshore Guangdong as rescue efforts continue Photo: HUIZHOU MARITIME ADMINISTRATION 2021-07-26T07:35:01Z news 2-1-1044316 Jobs boom: transition to boost energy jobs, but not all regions to benefit - report Fossil fuel exporting nations likely to feel impact on jobs if stronger climate policy is implemented Energy_Transition Mon, 26 Jul 2021 08:02:09 +0200 Josh Lewis NHST Energy transition: stronger climate policy could provide a boost to jobs in the energy sector according to new research Photo: AFP/SCANPIX 2021-07-26T16:06:20Z news 2-1-1044347 Seadrill takes big step in emerging from Chapter 11 Company files reorganisation plan and related documents in US Bankruptcy Court Rigs_and_Vessels Finance Mon, 26 Jul 2021 07:53:03 +0200 Russell Searancke NHST Plan in action: Seadrill Photo: SEADRILL 2021-07-26T07:20:29Z news 2-1-1044345 Santos paints a masterpiece at Aussie offshore oilfield Operator generates record production from a single well at Van Gogh field Rigs_and_Vessels Production Mon, 26 Jul 2021 05:16:21 +0200 Russell Searancke NHST Masterpiece: the Ningaloo Vision FPSO on the Van Gogh field Photo: SANTOS 2021-07-26T09:34:15Z news 2-1-1044330 En route: Sembcorp Marine delivers Tyra structures Topsides and bridges destined for TotalEnergies’ redevelopment project offshore Denmark Field_Development Rigs_and_Vessels Energy_Transition Sun, 25 Jul 2021 19:21:39 +0200 Amanda Battersby NHST Sailaway: Tyra topsides delivered from Sembcorp Marine's Admiralty Yard in Singapore on 25 July Photo: SEMBCORP MARINE 2021-07-26T16:41:48Z news 2-1-1044287 Exit: Shell offloading Malaysian assets - report Supermajor looking to sell stakes in Petronas-operated acreage offshore Sarawak Finance Production Sun, 25 Jul 2021 17:27:22 +0200 Amanda Battersby NHST Floated: sales process for Shell's non-operated Sarawak assets Photo: REUTERS/SCANPIX 2021-07-26T07:13:49Z news 2-1-1044282 Oil edges up on tight supply forecasts Analysts see market remaining tight despite Opec+ supply boost Field_Development Coronavirus Finance Shale Production Politics Fri, 23 Jul 2021 22:05:22 +0200 Reuters NHST Upward swing: Weekly gains for benchmarks after 2-3 weeks of losses Photo: AFP 2021-07-23T20:36:03Z news 2-1-1044226 US rig count inches closer to 500 Canadian drillers drop one for the week, still up 107 rigs year-over-year Field_Development Rigs_and_Vessels Finance Shale Production Fri, 23 Jul 2021 21:50:17 +0200 Jennifer Presley NHST Busy: The rig count in the Permian basin is on the rise as prices remain at appealing levels for producers Photo: REUTERS 2021-07-23T19:50:17Z news 2-1-1044216 'Encouraging recovery': Schlumberger posts profit with strong Q2 results Company reported $5.6 billion in revenues for the second quarter Field_Development Rigs_and_Vessels Finance Production Exploration Fri, 23 Jul 2021 21:06:13 +0200 Mark Passwaters NHST Bounce back: Schlumberger chief executive Olivier Le Peuch credited increased activity in the US and a rebound in offshore projects for its strong second quarter earnings Photo: SCHLUMBERGER 2021-07-25T19:51:14Z news 2-1-1044193 'Blue wave': Technip Energies boss expands on recent hydrogen move Chief executive Arnaud Pieton explains contractor's transition "blue wave" ambitions Hydrogen Fri, 23 Jul 2021 18:04:16 +0200 Iain Esau NHST Going blue: Technip Energies chief executive Arnaud Pieton Photo: TECHNIP ENERGIES 2021-07-23T16:04:16Z news 2-1-1044160 TechnipFMC identifies $17bn of subsea awards by mid-2023 Contractor adds five new projects to opportunity set, but stocks drops 10% amid concerns over net debt, free cash flow and market recovery Field_Development Fri, 23 Jul 2021 17:59:53 +0200 Iain Esau NHST New opportunities: TechnipFMC chief executive Doug Pferdehirt Photo: TECHNIPFMC 2021-07-23T16:13:43Z news 2-1-1044045 Schlumberger posts revenues of $5.6 billion Oilfield services giant posts revenues of $5.6 billion for the quarter Finance Production Fri, 23 Jul 2021 16:48:53 +0200 Mark Passwaters NHST Positive results: Schlumberger reported net income of $431 million for the second quarter, with growth in most regions Photo: AP/SCANPIX 2021-07-23T15:34:48Z news 2-1-1044146 Kazakh President promotes online animal sacrifice festivities Authorities order citizens to watch Qurban ritual on web to avoid rise in Covid-19 infections Environment Fri, 23 Jul 2021 15:19:28 +0200 Vladimir Afanasiev NHST Online order: Kazakhstan President Kassym-Jomart Tokayev Photo: AP/SCANPIX 2021-07-23T13:19:28Z news 2-1-1042487 Pre-salt for dummies — new book drills down on complex Brazil oil regime Brazilian state-owned entity PPSA dissects intricate transfer of rights model Exploration Fri, 23 Jul 2021 15:19:05 +0200 Fabio Palmigiani NHST New book: PPSA president Eduardo Gerk Photo: PPSA 2021-07-23T13:19:05Z news 2-1-1041472 Indonesian operator aims to boost capex access Rights issue needs to be approved by shareholders Finance Fri, 23 Jul 2021 14:53:45 +0200 Russell Searancke NHST Major development asset: Medco's Natuna Sea Block B Photo: MEDCO ENERGI 2021-07-23T12:53:45Z news 2-1-1042469 Shell starts up gas production on Barracuda project offshore Trinidad Barracuda tie-back to Dolphin platform has come on stream to boost longevity of Atlantic LNG Field_Development LNG Production Fri, 23 Jul 2021 12:44:06 +0200 Gareth Chetwynd NHST Tie-back: Shell's Dolphin platform in the East Coast Marine area of Trinidad & Tobago Photo: SHELL 2021-07-23T11:26:43Z news 2-1-1043948 Hydrogen potential of Newfoundland & Labrador is 'compelling' - report Study says Canadian province's enormous hydro, wind and gas resources could generate C$11bn in revenues annually and support 140,000 jobs Hydrogen Energy_Transition Fri, 23 Jul 2021 09:46:37 +0200 Iain Esau NHST Hydropower: the Muskrat Falls, located on the Churchill River in central Labrador, as seen before a hydro plant was built Photo: REUTERS/SCANPIX 2021-07-26T16:29:53Z news 2-1-1043498 Sinopec closes first bulk agreement on China's new national carbon market Oil giant purchases 100,000 tonnes of carbon emission quota on world's largest emissions trading system Energy_Transition Fri, 23 Jul 2021 06:23:43 +0200 Josh Lewis NHST Sinopec: the Chinese oil giant has completed the first bulk agreement transaction on the world's largest emission trading scheme Photo: AFP/SCANPIX 2021-07-23T04:23:43Z news 2-1-1043798 Papua New Guinea driller optimistic momentum is returning Canadian company wins new contract and extends an existing one Rigs_and_Vessels Exploration Fri, 23 Jul 2021 05:01:21 +0200 Russell Searancke NHST Hopeful about more of this: High Arctic Energy operating in PNG Photo: High Arctic Energy Services 2021-07-23T12:31:16Z news 2-1-1043793 Geophysical giants funded to start Sarawak offshore seismic First phase acquisition to start in October as part of potential five-year campaign Rigs_and_Vessels Exploration Fri, 23 Jul 2021 04:28:40 +0200 Russell Searancke NHST At sea: PGS' seismic vessel Ramform Sovereign Photo: PGS 2021-07-23T12:37:55Z news 2-1-1043790 ‘It’s time to change’: Powering up geothermal will require more collaboration, data sharing Geothermal groups seek to unlock potential in the oil and gas workforce and from data silos to kick-start more projects Field_Development Rigs_and_Vessels Finance Environment Energy_Transition Politics Fri, 23 Jul 2021 00:42:03 +0200 Naomi Klinge NHST Collaboration sought: Industry groups, technology providers and producers need to work together to de-risk and scale up geothermal projects in the energy transition, experts say Photo: AFP/SCANPIX 2021-07-26T16:28:27Z news 2-1-1043185 Oil up as demand recovery seen tightening supply Demand is set to outstrip supply in second half of year Field_Development Coronavirus Finance Production Politics Fri, 23 Jul 2021 00:17:23 +0200 Reuters NHST EIA: US crude inventories rise but still falling at Cushing Photo: REUTERS 2021-07-22T22:17:23Z news 2-1-1043774 Pereira steers Hibiscus into the fast lane Founding managing director secures 'transformative' acquisition for 10-year-old Malaysian operator People Fri, 23 Jul 2021 00:02:13 +0200 Russell Searancke NHST Looking ahead: Hibiscus Petroleum chief executive Ken Pereira Photo: HIBISCUS PETROLEUM 2021-07-23T01:16:41Z news 2-1-1037812 Pemex set for new shallow-water exploration push Mexican operator to invest close to $100 million to search for hydrocarbons in Upper Cretaceous targets Exploration Fri, 23 Jul 2021 00:02:12 +0200 Fabio Palmigiani NHST Drilling plans: Pemex chief executive Octavio Romero Oropeza Photo: REUTERS/SCANPIX 2021-07-22T22:02:12Z news 2-1-1043155 Russian PM creates hydrogen working group New body includes major oil and gas producers aiming to coordinate their hydrogen projects with state authorities Hydrogen Energy_Transition Fri, 23 Jul 2021 00:02:11 +0200 Vladimir Afanasiev NHST Hydrogen concerns: Russian Prime Minister Mikhail Mishustin signs a resolution to form a wide group of governmental and industry representatives to foster hydrogen projects Photo: SPUTNIK/AP/SCANPIX 2021-07-26T16:17:49Z news 2-1-1042936 Solberg commits to sector in election bid Prime Minister facing uphill battle for unprecedented third term Exploration Fri, 23 Jul 2021 00:02:10 +0200 Russell McCulley NHST Uphill: Norway Prime Minister Erna Solberg Photo: NTB/SCANPIX 2021-07-22T22:02:10Z news 2-1-1042917 OPINION: Permian basin producers work to get a grip on the energy transition Coronavirus Opinion Finance Shale Environment Energy_Transition Politics Fri, 23 Jul 2021 00:02:09 +0200 Jennifer Presley NHST Balancing act: striking a balance between climate risk and financial risk is key for the oil and gas industry Photo: REUTERS/SCANPIX 2021-07-22T22:02:09Z news 2-1-1042267 OPINION: PNG shows softer touch but P'nyang talks are crucial Opinion Fri, 23 Jul 2021 00:02:06 +0200 Russell Searancke NHST Outlook: PNG Prime Minister James Marape Photo: PNG CHAMBER OF MINES & PETROLEUM 2021-07-23T01:12:18Z news 2-1-1041760 Suriname considers LNG as route to monetise 30 Tcf of offshore gas Staatsolie will assess onshore and floating LNG export options as well as supplying gas to domestic market LNG Thu, 22 Jul 2021 20:00:01 +0200 Iain Esau NHST Gas focus : Brian Glover, vice president of offshore upstream at Suriname's state oil company Staatsolie Photo: STAATSOLIE 2021-07-22T18:00:48Z news 2-1-1043083 Trident Energy sets first oil date for planned Brazil floater UK operator to invest $1 billion to revitalise cluster of 10 mature shallow-water fields in Campos basin Exclusive Thu, 22 Jul 2021 17:23:38 +0200 Fabio Palmigiani NHST More oil: the PPM-1 fixed platform producing in the Pampo field offshore Brazil Photo: TRIDENT ENERGY 2021-07-23T06:36:05Z news 2-1-1043713 Going with the flow... People Thu, 22 Jul 2021 15:39:25 +0200 NHST Going with the flow 2021-07-22T13:39:25Z news 2-1-1041199 Seismic shift: CGG and PGS team up to target emerging CCUS industry Heavyweights sign memorandum of understanding Energy_Transition Thu, 22 Jul 2021 11:24:38 +0200 Josh Lewis NHST Capturing market opportunity: PGS will team up with CGG to utilise their existing seismic data to evaluate potential carbon storage sites Photo: PGS 2021-07-22T09:46:38Z news 2-1-1043371 Aramco faces $50m cyber extortion over leaked data Oil giant says breach involved a limited amount of company information held by contractors Safety Thu, 22 Jul 2021 11:00:53 +0200 Nishant Ugal NHST Data leak: Saudi Aramco chief executive Amin Nasser Photo: AFP/SCANPIX 2021-07-22T09:00:53Z news 2-1-1043248 ONGC floats tender for key offshore seismic drive India's state oil company tendering for ocean-bottom node data acquisition in underdeveloped Krishna Godavari basin block Field_Development Exclusive Thu, 22 Jul 2021 11:00:48 +0200 Nishant Ugal NHST Mandate: ONGC managing director Subhash Kumar Photo: ONGC 2021-07-22T10:07:05Z news 2-1-1042398 Novatek opens tenders for three more deep wells on Gydan Peninsula Russian gas producer targets challenging formations to boost revenues from exports of condensate as the company has to bankroll its ambitious LNG plans Exploration Thu, 22 Jul 2021 10:28:28 +0200 Vladimir Afanasiev NHST Deep bore: an Eriell-operated drilling rig on the Utrenneye field in the Gydan Peninsula in West Siberia in Russia that is operated by Arctic LNG 2 Photo: ERIELL 2021-07-22T08:28:28Z news 2-1-1043145 Shell’s Niger Delta oil-spill case to be heard in UK courts Claimants dispute the operator has cleaned up and remediated spills, even though sabotage is blamed Finance Environment Thu, 22 Jul 2021 10:13:42 +0200 Amanda Battersby NHST Spill: a man scoops spilled crude oil into a bottle from the waters of the Niger Delta swamps of Bodo, a village in Nigeria's producing Ogoniland region, which hosts Shell Petroleum Development Company (SPDC) Photo: AFP/SCANPIX 2021-07-22T08:13:42Z news 2-1-1043027 World’s first offshore green hydrogen project on working platform Neptune Energy will host PosHYdon project off the Netherlands Hydrogen Production Energy_Transition Thu, 22 Jul 2021 10:00:52 +0200 Amanda Battersby NHST Pioneer: the PosHYdon green hydrogen pilot will be installed on the Q13a-A platform. Photo: NEPTUNE ENERGY 2021-07-26T16:35:52Z news 2-1-1043280 A greener European Union must not increase inequality for the less affluent The European Commission's Fit for 55 policy is intended to accelerate the reduction in greenhouse gas emissions, but who will bear the cost? Opinion Finance Energy_Transition Politics Thu, 22 Jul 2021 09:59:31 +0200 Amanda Battersby NHST Green Deal: European Commission President Ursula von der Leyen unveiled the 'Fit for 55' proposals at the EU Parliament in Brussels on 14 July Photo: AFP/SCANPIX 2021-07-26T16:18:39Z news 2-1-1042057 ONGC fires starting pistol at India’s deepest offshore gas field development Indian giant aiming for peak gas production of up to 19.5 MMcmd from Cluster 3 in Krishna Godavari basin block off country's east coast Field_Development Exclusive Thu, 22 Jul 2021 09:57:10 +0200 Nishant Ugal NHST Deep waters: ONGC's S1 and Vashishta development in the Krishna Godavari basin Photo: ONGC 2021-07-22T09:53:30Z news 2-1-1041796 Technip Energies forecasts improved margins Strong first half performance sees French engineering giant increase its guidance for full-year EBIT margin Finance Thu, 22 Jul 2021 09:22:23 +0200 Josh Lewis NHST Increased margins: Technip Energies chief executive Arnaud Pieton Photo: TECHNIPFMC 2021-07-22T07:22:23Z news 2-1-1043260 Oil dips on unexpected rise in US inventories Rising Covid-19 infections also weigh on demand Production Thu, 22 Jul 2021 08:13:20 +0200 Reuters NHST Rising inventories: oil prices sank as US inventories rose for the first time since May Photo: AP/SCANPIX 2021-07-22T06:13:20Z news 2-1-1043242 Floating LNG: agreement to boost utilisation for Golar vessel offshore Cameroon Perenco and SNH in tandem drilling two to three new gas wells later this year and upgrade upstream facilities in 2022 Rigs_and_Vessels LNG Thu, 22 Jul 2021 07:37:31 +0200 Amanda Battersby NHST Floating LNG: Golar's Hilli Episeyo (pictured) was delivered in 2018 from Keppel Photo: GOLAR LNG 2021-07-22T06:57:31Z news 2-1-1042636 Chinese presence at Indonesian offshore drill site Harbour Energy's appraisal drilling at the Tuna block under Beijing's scrutiny Field_Development Rigs_and_Vessels Exclusive Exploration Thu, 22 Jul 2021 07:21:57 +0200 Amanda Battersby NHST Chartered: Noble Drilling's semi-submersible rig Noble Clyde Boudreaux was selected for the Tuna appraisal campaign Photo: NOBLE CORPORATION 2021-07-23T12:28:55Z news 2-1-1043146 Japan looks to phase out more fossil fuels with increased 2030 renewables target Draft policy reveals plans for further reductions of gas and coal in Japan's energy mix LNG Hydrogen Energy_Transition Thu, 22 Jul 2021 06:52:27 +0200 Josh Lewis NHST Phasing out fossil fuels: a new draft policy released this week shows Japan intends to further reduce the use of fossil fuels in its energy mix by 2030 Photo: REUTERS/SCANPIX 2021-07-26T16:13:29Z news 2-1-1043227 Keppel to 'vigorously defend' itself in FPSO legal fight Unnamed claimant has issued notice of arbitration related to two FPSO contracts Rigs_and_Vessels Finance Thu, 22 Jul 2021 06:46:30 +0200 Russell Searancke NHST Floater work: at Keppel Shipyard's yard in Singapore Photo: KEPPEL CORPORATION 2021-07-22T05:52:18Z news 2-1-1043229 ExxonMobil bides its time on large Vietnam offshore project US supermajor has many challenges on its hands as it tries to progress the Ca Voi Xanh scheme Field_Development Exclusive Thu, 22 Jul 2021 05:14:40 +0200 Russell Searancke NHST Major institution: the headquarters of PetroVietnam in Hanoi Photo: REUTERS/SCANPIX 2021-07-22T03:14:40Z news 2-1-1042421 Santos making progress at Barossa as it books record revenues Strong quarter ends with Santos becoming the latest player to join the exodus of explorers from the Great Australian Bight Field_Development LNG Finance Production Thu, 22 Jul 2021 04:29:05 +0200 Josh Lewis NHST Progress: the field development plan for the Barossa project in the Timor Sea Photo: SANTOS 2021-07-22T06:59:48Z news 2-1-1043218 Sapura Energy celebrates a succession of new contracts Orders worth about $284m in its three services divisions Rigs_and_Vessels Finance Thu, 22 Jul 2021 02:21:58 +0200 Russell Searancke NHST Crew on the Sapura Esperenza: complete a job last year offshore Brunei Photo: SAPURA ENERGY 2021-07-23T12:36:23Z news 2-1-1043213 Transocean tallies up the new contracts and extensions Petrobras 10000 gets a two-year gig in Brazil, and Discoverer Inspiration a nine-well contract is the US Gulf Rigs_and_Vessels Thu, 22 Jul 2021 01:24:03 +0200 Russell Searancke NHST Two-year contract: Transocean's drillship Petrobras 10000 Photo: PETROBRAS 2021-07-21T23:24:03Z news 2-1-1043211 TechnipFMC sees slight increase in Q2 revenue Backlog rises by 1.3% Field_Development Finance Production Thu, 22 Jul 2021 00:27:48 +0200 Jennifer Presley NHST Revenue up: improved second quarter for TechnipFMC Photo: EOIN O'CINNEIDE/UPSTREAM 2021-07-22T10:42:55Z news 2-1-1043206 Oil climbs more than 4% despite rise in US inventories Futures rebounding for a more than 7% drop on Monday Coronavirus Finance Shale Production Politics Wed, 21 Jul 2021 21:56:46 +0200 Reuters NHST Filling up: US crude stocks rise for first time since May Photo: REUTERS 2021-07-21T19:56:46Z news 2-1-1043197 Baker Hughes sees increased demand for oil and gas services into 2022 Company reports $68 million loss, compared with $452 million in the first quarter Rigs_and_Vessels Finance Production Exploration Wed, 21 Jul 2021 17:37:02 +0200 Mark Passwaters NHST Outlook: Baker Hughes chief executive Lorenzo Simonelli Photo: BAKER HUGHES 2021-07-21T15:46:55Z news 2-1-1043149 Scottish CCS cluster bids for UK government funds with promise of 20,000 jobs Storegga's Acorn CCS and hydrogen project is crucial to the Scottish Cluster bid for government money that underpins mid-2020s start-up Hydrogen Energy_Transition Wed, 21 Jul 2021 16:40:40 +0200 Iain Esau NHST Capturing emissions: carbon dioxide produced at the Grangemouth industrial complex in Scotland is set to be captured by Storegga's Acorn project - the heart of the Scottish Cluster Photo: INEOS 2021-07-23T03:03:59Z news 2-1-1039112 Back in the race: Excelerate submits new bid for Brazil LNG terminal Brazil's Petrobras allows US-based company to present revamped offer to lease Bahia regasification facility LNG Wed, 21 Jul 2021 15:26:12 +0200 Fabio Palmigiani NHST Second chance: the Bahia LNG regasification terminal in Brazil Photo: PETROBRAS 2021-07-21T13:26:12Z news 2-1-1043101 TotalEnergies and Technip Energies join forces to decarbonise LNG and offshore facilities Technical cooperation agreement will see players focus on four key areas Energy_Transition Wed, 21 Jul 2021 15:23:13 +0200 Iain Esau NHST Done deal: TotalEnergies president for exploration and production Arnaud Breuillac (pictured) has signed deal with Technip Energies chief executive Arnaud Pieton Photo: TOTALENERGIES 2021-07-26T16:23:04Z news 2-1-1043021 Repsol to fast-track Mexico project to first oil via FPSO Executive at Spanish major outlines development plan for Polok and Chitwol discoveries Field_Development Wed, 21 Jul 2021 15:04:44 +0200 Iain Esau NHST Drilling ahead: the Stena IceMax is on location at Repsol's Chak-1 exploration probe offshore Mexico and will next mobilise to drill the company's Polok-2 appraisal well. Photo: STENA DRILLING 2021-07-21T16:27:08Z news 2-1-1042999 PTTEP eyes CCS platform for Malaysian giant gas project Golok field would host new platform as part of the operator's Lang Lebah offshore field development Field_Development Exclusive Energy_Transition Wed, 21 Jul 2021 13:06:27 +0200 Amanda Battersby NHST Reserves boost: PTTEP's successful Lang Lebah-2 appraisal well offshore Sarawak, Malaysia, was drilled by the jack-up Borr Saga Photo: PTTEP 2021-07-21T11:06:27Z news 2-1-1042706 UK rhetoric outpaces reality Prime Minister Boris Johnson sees UN's COP26 as a chance to celebrate UK’s 'green revolution', but tough decisions lie ahead Opinion Energy_Transition Wed, 21 Jul 2021 12:26:47 +0200 Editorial NHST Greening the UK: UK Prime Minister Boris Johnson (right) visits the Scottish Power Carland Cross Windfarm in Newquay, England. Photo: AP/SCANPIX 2021-07-26T16:40:43Z news 2-1-1042698 Electrical problems on Tolmount platform derail start-up plan Operator Harbour Energy says first gas not expected until the end of the year Field_Development Finance Production Wed, 21 Jul 2021 12:05:37 +0200 Amanda Battersby NHST En route: the Tolmount platform has since been installed at the field offshore the UK Photo: PREMIER OIL 2021-07-21T10:05:37Z news 2-1-1042868 Equinor partners with RES and Green Giraffe for French floating wind bid Norwegian energy giant ramps up floating wind ambitions as Paris eyes deep-water wind to bolster 6.8GW 2028 target Energy_Transition Wed, 21 Jul 2021 09:28:53 +0200 Darius Snieckus NHST Floating wind bid: Equinor is partnering with RES and Green Giraffe in France's upcoming floating wind tenders Photo: AFP/SCANPIX 2021-07-21T07:28:53Z news 2-1-1042824 Woodside joins Japanese players to study shipping ammonia fuel from Australia to Japan Ammonia produced from blue hydrogen could help Japan in its drive towards carbon neutrality Hydrogen Energy_Transition Wed, 21 Jul 2021 09:03:35 +0200 Josh Lewis NHST Woodside: the Australian company is exploring the potential of using its vast gas reserves to create blue ammonia for export to Japan Photo: WOODSIDE PETROLEUM 2021-07-21T16:33:11Z news 2-1-1042809 Hyundai wage row is settled South Korean offshore and marine contractor to set aside $113 million, with each worker to receive $15,000-plus Rigs_and_Vessels Finance Wed, 21 Jul 2021 08:25:35 +0200 Amanda Battersby NHST Settlement: unionised workers at Hyundai Heavy Industries' Ulsan yard agree to wage deal Photo: HYUNDAI HEAVY INDUSTRIES 2021-07-21T15:31:46Z news 2-1-1042452 State-run giant plans to build India's first green hydrogen plant Production will be used to process crude oil at refinery in India's north Hydrogen Energy_Transition Wed, 21 Jul 2021 08:05:06 +0200 Josh Lewis NHST India: IOC is planning to build the nation's first green hydrogen facility Photo: REUTERS/SCANPIX 2021-07-21T15:59:07Z news 2-1-1042797 China launches world's largest emissions trading system Scheme expected to play a key role in meeting China's climate ambitions, but critics warn it could have little impact in the near term Environment Energy_Transition Politics Wed, 21 Jul 2021 07:26:59 +0200 Josh Lewis NHST On the road to net zero: China has launched the world's largest emissions trading scheme but it could have little impact in the near-term Photo: AP/SCANPIX 2021-07-26T09:54:58Z news 2-1-1042772 PTTEP brings deep-water drillship into Malaysia Thai operator has six-month contract for use of the Seadrill-operated drillship West Capella Rigs_and_Vessels Production Wed, 21 Jul 2021 06:31:17 +0200 Russell Searancke NHST On call: the drillship West Capella, during sea trials in South Korea in 2008 Photo: SEADRILL 2021-07-21T08:17:33Z news 2-1-1042773 Aussie operator Beach busy with multiple projects Company has significant offshore and onshore field developments under way Field_Development Rigs_and_Vessels Wed, 21 Jul 2021 05:24:04 +0200 Russell Searancke NHST On site: Beach's Thylacine platform in the Otway basin Photo: BEACH ENERGY 2021-07-21T08:04:41Z news 2-1-1042766