Sentinel Subsea was selected by a major client to support the decommissioning of subsea assets in collaboration with Baker Hughes. This project successfully deployed two WellSentinel Coral systems that enable the continuous monitoring of temporary suspended wells in the remote field. SourceContinue Reading

Investors Are Flocking to Gold | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Aug 21, 2024, 2:00 PM CDT The price of gold reached a record...Continue Reading

Ovintiv’s operations in the Central basin of Utah involves drilling in about 2,600 feet of oil saturated reservoir rock, according to its website. The asset could attract interest from private equity-backed energy groups, the people said. SourceContinue Reading

Var’s Balder X project — extending production to 2045 — includes vessel upgrades, as well as new production and water injection wells. It had already suffered from delays associated with the Covid-19 pandemic, bad weather that complicated drilling, as well as inflation driving up the price of services. SourceContinue Reading

Iran Appoints New Oil Minister, Warns Reserves Are Limited | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Aug 21, 2024, 1:30 PM CDT Iran has appointed a new oil minister, Mohsen Paknejad, following a vote of confidence in parliament on Wednesday, Azerbaijan’s Trend news agency...Continue Reading

EU Slashes Proposed Tariffs on Tesla’s China-Made EVs | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Aug 21, 2024, 1:00 PM CDT The European Commission has announced the final results of its anti-subsidy investigation into Chinese electric vehicles, with Tesla receiving a...Continue Reading

EU Mulls Open-Ended Immobilization of Russian Assets | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Aug 21, 2024, 12:00 PM CDT The EU and G7 are...Continue Reading

Nigeria’s Massive Dangote Refinery Taking Less American Crude | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Aug 21, 2024, 12:00 PM CDT Nigeria’s Dangote mega refinery is now poised to import the lion’s share of its feedstock from domestic sources for Q3, according to Bloomberg...Continue Reading

Oil demand by 2050 will be “well north” of 100 MMbpd and possibly exceed 110 MMbpd, CEO Greg Ebel said Tuesday in an interview at Bloomberg’s New York headquarters. That contrasts with an International Energy Agency projection that demand will decline to 97 MMbpd by mid-century. SourceContinue Reading

Global oil markets are poised to swing from a deficit to a surplus next quarter should OPEC+ proceed with provisional plans to bring back idled production starting in October, data last week from the International Energy Agency showed. SourceContinue Reading