Above-average withdrawals of natural gas from storage in the 2020–2021 winter heating season and below-average injections into storage this summer contributed to a forecast of below-average inventories of natural gas in the U.S., along with relatively flat dry natural gas production and high natural gas exports. SourceContinue Reading
Futures tumbled 1.2% in New York Wednesday as CNBC reported that the White House contacted OPEC leader Saudi Arabia to help stabilize U.S. gasoline prices. SourceContinue Reading
The world’s largest oil companies are bidding up prices for renewable energy projects, squeezing profits from wind and solar farms just as climate planning focuses more on green energy sources. SourceContinue Reading
The contract is for the provision of RLWI services onboard the M/V Island Venture, C-I’s flagship intervention vessel commissioned in 2017. SourceContinue Reading
Oceaneering International has been awarded a contract from Esso Exploration and Production Guyana Limited to provide two surveys offshore Guyana. SourceContinue Reading
Over 35% of the acreage available in licensing rounds that are either open or scheduled to close in H2 2021 are located in shallow water, while ultra-deep water and deepwater acreage account for 24% and 19%, respectively, according to GlobalData, a leading data and analytics company. SourceContinue Reading
America’s shale producers are continuing to the line on production, boosting investor returns and are now attracting the lowest bond yields they’ve ever seen. Instead of using cheap credit to boom once again, they’re using it to retire costlier debt. SourceContinue Reading
Driven by Baker Hughes’ Subsea Connect early engagement approach, Baker Hughes will provide Chevron with a subsea compression manifold structure including module and foundation, as well as the latest optimized version of its horizontal clamp connector system and subsea controls for the manifold structure. SourceContinue Reading
Tenaris has been awarded the supply of a complete package of products, technologies and services for the Libra offshore exploratory block – renamed Mero 3 – in Brazil’s pre-salt, one of the largest deepwater discoveries in the world. SourceContinue Reading
GATE Energy has been selected by Shell Offshore as the provider for facility commissioning of the Whale development. Scope includes commissioning planning, onshore commissioning execution, and offshore commissioning / ready-for-startup services. SourceContinue Reading
