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Saudi Arabia Set for Oil Output Capacity Above 13 mln bpd by 2027

May 16, 2022

Saudi Arabia is on track to lift oil production capacity by more than 1 million barrels per day to over 13 million barrels bpd by the end of 2026 or start of 2027, the energy minister said on Monday.Prince Abdulaziz bin Salman told an energy…

OMV Won't Extend Deputy CEO Pleininger's Contract

May 16, 2022

OMV will not extend Deputy Chief Executive Johann Pleininger's contract, which is due to expire on Aug. 31 next year, the Austrian energy group said on Saturday, confirming media reports.Austrian newspaper Kurier said OMV's supervisory board…

Report: Shell's North Sea Gas Field Plan Set for 'Imminent' Approval

May 16, 2022

Shell’s revised plan for the development of the Jackdaw offshore gas field in the UK North Sea expected to be approved soon, according to a report by The Sunday Times.The Jackdaw is an ultra-high pressure/high-temperature gas condensate field in the Central North Sea…

Rapid Testing Facility for Tidal Turbine Blades Opened in Scotland

May 16, 2022

FastBlade, dubbed the world’s first rapid testing facility for tidal turbine blades, was officially opened in Fife, Scotland, on Friday as part of a partnership between the University of Edinburgh and Babcock.The facility will stress test blades…

Norway's Hammerfest LNG Plant Extends Outage

May 16, 2022

Norway's Hammerfest LNG plant is now expected to restart on May 23, six days later than the previous plan and further delaying operations since a fire in 2020, Norwegian gas system manager Gassco and operator Equinor said on Monday.'During the weekend…

RWE Joins Race for Hollandse Kust West Wind Farms

May 16, 2022

German renewable energy company RWE said Monday it was taking part in the Dutch offshore wind tender for Hollandse Kust West (HKW).The news comes after the likes of BP, TotalEnergies, Orsted, Shell, and Eneco, announced their participation in the offshore wind tender…

Petrobras Cancels Sale of Deepwater Assets in Sergipe-Alagoas Basin in Brazil

May 16, 2022

Brazilian oil company Petrobras has decided not to sell its deepwater assets in the Sergipe-Alagoas Basin offshore Brazil, originally put up for sale in 2018.The company said Saturday it had decided to conclude the competitive process, which was in the binding phase…

TotalEnergies Launches Global Drone-based Methane Inspection Campaign on All Upstream Assets

May 16, 2022

French oil major TotalEnergies said Monday it had launched a worldwide drone-based emissions detection and quantification campaign across all its upstream oil & gas operated sites, to identify, quantify, and reduce methane emissions linked to its operations…

Saudi Aramco Sees 1Q Net Profit Soar 82%

May 16, 2022

Saudi state-owned oil producer Saudi Aramco on Sunday reported an almost 82% rise in first-quarter net profit, broadly in line with analyst forecasts, helped by strong oil prices.Aramco, which is at par with Apple Inc as the world's most valuable company…

Odfjell Drilling Secures More Work with Equinor

May 16, 2022

Norwegian oil and gas company Equinor has awarded further work to Odfjell Drilling's Deepsea Stavanger offshore drilling rig.The extension was awarded under the continued optionality mechanism in the contract entered into by the two companies in May 2021…

Adapting Subsea Technologies to enable CCUS Initiatives

May 13, 2022

Reimagining uses for innovative technologies originally designed for critical service in subsea developments could open the door to safer CO2 storage and usage.The energy transition occurring worldwide is redefining energy production and consumption…

UK-based Waste Management Firm to Store CO2 Under Seabed in Norway

May 13, 2022

Cory, a UK-based waste management and recycling company, might soon ship carbon dioxide from its 'energy from waste operation' on the River Thame in London to Norway's Northern Lights subsea carbon storage facilities.Cory and Northern Lights…

Jack-up Rig Utilization, Pricing to Hit Pre-pandemic Levels in 2022, Shelf Drilling CEO Says

May 13, 2022

Tendering activity for jack-up drilling rigs continues to improve, especially in the past two months, with global utilization expected to hit pre-pandemic levels in 2022.This is according to David Mullen, CEO of shallow-water oil and gas drilling rig contractor Shelf Drilling…

Siemens Gamesa Hires Seajacks Zaratan Jack-up for Offshore Wind Project in Taiwan

May 13, 2022

Offshore wind turbine maker Siemens Gamesa Renewable Energy has hired Seajacks' offshore installation vessel Seajacks Zaratan for work offshore Taiwan.Seajacks Zaratan features 800t crane and 2,000m² deck space and is used for offshore wind farm construction and substation commissioning…

Ørsted, TotalEnergies Team Up for Dutch Offshore Wind Tenders

May 13, 2022

Ørsted and TotalEnergies said Friday they would jointly submit bids for the two Dutch offshore wind tenders “Holland Coast West” also known as Hollandse Kust (west).The Holland Coast West wind farms will be located approximately 53 km off the Dutch coast and have a combined capacity of nearly 1…

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