North Sea News

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BofA Global Research Talks OPEC+ Meeting
Tuesday, January 31, 2023'Ahead of the meeting, press speculation suggests no material change in expected output'.

US Could 'Steal' Green Energy Investments From Other Regions
Tuesday, January 31, 2023Subsidies in the Inflation Reduction Act have stoked fears in other countries that investments in the green energy sector will be drawn to the US.

Eni Pens $8 Billion Gas Deal With Libya's NOC
Tuesday, January 31, 2023Eni and Libya's National Oil Corporation have signed an $8 billion gas production deal.

Germany Wants to Take Action to Curb Russian LNG Imports
Tuesday, January 31, 2023Europe's pipeline gas flows from Russia have fallen to historic lows.

New Discoveries Make 2022 Highest Value Year In Over A Decade
Tuesday, January 31, 2023New global oil and gas discoveries in 2022 drive exploration to highest value creation in over a decade with major discoveries in Namibia, Brazil, and Algeria leading the way.

USA Oil and Gas Employs Almost 1 Million in 2022
Tuesday, January 31, 2023The U.S. oil and gas industry employed 948,943 professionals in 2022, according to TIPRO's latest State of Energy Report.

What Bad Habits Should Oil and Gas Jobseekers Avoid?
Monday, January 30, 2023Representatives of Piper-Morgan Associates, Petroplan, HireStrong LLC and Kaye/Bassman's Energy Practice offer some advice.

Total CEO Sees Tight Gas Market, Pricey Diesel in Europe in 2023
Monday, January 30, 2023A European Union ban on imports of Russian oil products, including diesel, comes into force Feb. 5.

Shell Makes Host of Company Changes
Monday, January 30, 2023Shell plc announced a host of executive committee and directorate changes.

There Has Not Been a Bullish USA Data Release for 16 Weeks
Monday, January 30, 2023'None of the past 16 releases have been in one of the four bullish categories'.

Ecopetrol Bonds Slump as CEO Exits Amid Petro's Exploration Halt
Monday, January 30, 2023Ecopetrol SA bond prices fell after the company said Felipe Bayon will step down as chief executive officer.

IEEFA: Move Away From Fossil Fuels Becoming More Apparent in USA
Monday, January 30, 2023IEEFA notes that Texas is a prime example of how quickly a shift away from fossil fuels can happen.

Wärtsilä Tech Ordered For Latin American Power Plant
Monday, January 30, 2023Wärtsilä has been contracted to supply engines for a large Latin American power plant.

New York Gasoline Shortage Brews on Fallout From EU Russia Ban
Monday, January 30, 2023New York and much of the East Coast are at risk of a gasoline shortage this summer.

USA Drops 3 Gulf of Mexico Rigs
Monday, January 30, 2023The U.S. dropped three rigs in the Gulf of Mexico week on week.

TotalEnergies Acquires Additional Interest In Fort Hills
Monday, January 30, 2023TotalEnergies has exercised its preemption right to acquire an additional 6.65% interest in the Fort Hills Energy Partnership and associated sales and logistics agreements from Teck Resources, for a consideration of $233.7Mn.

DOE Awards $118Mn To Accelerate Domestic Biofuel Production
Monday, January 30, 2023The US DOE has announced $118Mn in funding for 17 projects to accelerate the production of sustainable biofuels for US transportation and manufacturing needs.

Oil Drops as Technical Indicators Prompt Selling
Monday, January 30, 2023Oil fell to its lowest in almost three weeks, with technical indicators driving the market's direction amid a lack of clarity on crude demand.

Libya Sees More Deals After Eni's $8B Gas Investment
Sunday, January 29, 2023Libya's state energy firm said it expects to sign more deals with foreign companies.

Big Oil Saw Record $199Bn Profits In 2022 But 2023 Will Be Different
Saturday, January 28, 2023ExxonMobil, Chevron, Shell, TotalEnergies, and BP reaped almost $200 billion collectively last year but the outlook for 2023 does not look so bright.

Top Headlines: Valaris Employee Reported Missing from Rig
Saturday, January 28, 2023Check out some of Rigzone's top stories during the last week.

EU Considers Capping Russian Fuel Prices at $100
Friday, January 27, 2023The European Union is floating a plan to cap the price of Russian diesel at $100 a barrel.

Exxon Building Largest Renewable Diesel Plant In Canada
Friday, January 27, 2023ExxonMobil will invest about $560 million to move forward with the construction of the largest renewable diesel facility in Canada.

World Still Waiting to See What China Reopening Means
Friday, January 27, 2023Macquarie Group, Goldman Sachs and FGE focus on China's reopening.

Former Brazilian Senator Takes Over Petrobras Helm
Friday, January 27, 2023The Board of Directors of Petrobras has unanimously appointed former Senator Jean Paul Terra Prates as the new chief executive officer.

Trinity To Spud Jacobin Well In Second Quarter Of 2023
Friday, January 27, 2023Trinity Exploration & Production has made the decision to drill the Jacobin well in the second quarter of 2023.

Maersk Supply Service Bags Buzios 6 Project Job Off Brazil
Friday, January 27, 2023TehnipFMC turned to Maersk Supply Service for the towing and mooring job for Petrobras's Buzios 6 project.

BSEE Checks Out Coastal Virginia Offshore Wind Project Progress
Friday, January 27, 2023Bureau of Safety and Environmental Enforcement Director Kevin Sligh met with coastal Virginia offshore wind project representatives.

Eni And Sonatrach Pen Emissions Reduction Agreements
Friday, January 27, 2023Eni and Sonatrach have signed strategic agreements to accelerate emissions reduction and strengthen energy security.

Gasoline Price More Expensive Than Year Ago Levels
Friday, January 27, 2023The price of regular gasoline in the U.S. is more expensive than year ago levels.

Philippines Greenlights LNG Project
Friday, January 27, 2023The Philippines has approved a plan to build a small-scale liquefied natural gas terminal.

Oil Traders Weigh Up Market This Week
Friday, January 27, 2023One of Rigzone's regular market watchers takes a look at demand trends, oil price moves, and a surprising Henry Hub development.

RWE-National Grid JV Submits Bid For New York State Wind Rights
Friday, January 27, 2023Community Offshore Wind has proposed to provide New York State with energy from 1.3 GW of offshore wind capacity to power nearly 500,000 homes.

Petrobras Completes $1.6B Sale Of Albacora Leste Field To Petro Rio
Friday, January 27, 2023Petrobras has finalized the sale of its total interest in the Albacora Leste production field, located in the Campos Basin, to Petro Rio.

Governor Issues Disaster Declaration for Southeast Texas
Friday, January 27, 2023The declaration will further support Texas' recovery efforts in response to extensive damage sustained due to tornadic activity in Pasadena, Deer Park, and neighboring Southeast Texas communities.

Chevron Falls After Posting Disappointing Quarterly Result
Friday, January 27, 2023Chevron Corp. posted disappointing fourth-quarter results.

Oil Posts First Weekly Loss of the Year
Friday, January 27, 2023Bulls approached and quickly withdrew from oil's 100-day moving average, driving crude to its first weekly loss since the start of the year.

Is The USA Strategic Petroleum Reserve Stock Dangerously Low?
Thursday, January 26, 2023Weekly U.S. ending stocks of crude oil in the strategic petroleum reserve have dropped more than 40 percent in two years.

Fossil Fuel Profits Roar Back
Thursday, January 26, 2023Oil and gas companies' contribution to the S&P 500 Index's earnings has nearly doubled from a year ago.

Police to Board Valaris Rig After Worker Reported Missing
Thursday, January 26, 2023'Enquiries are ongoing and officers are continuing to liaise with partner agencies'.

Norwegian Tax Break Ensures Increase Of O&G Supply To Europe
Thursday, January 26, 2023Projects sanctioned under Norway's temporary tax regime will help maintain high NCS production towards 2030 and increase O&G supply to Europe.

Canadian Oil Flows to Asia Surge After USA Refinery Disruptions
Thursday, January 26, 2023Canadian crude shipments to Asia are set to surge to the highest in more than a year.

Risk Premium Embedded in USA NatGas Vanishes
Thursday, January 26, 2023The risk premium embedded in U.S. natural gas markets has disappeared altogether.

Wood Mackenzie: Global Upstream Fiscal Trends For 2023
Thursday, January 26, 2023Record profits are spurring billions of dollars of share buybacks and dividends, drawing the ire of the public struggling with high energy costs.

Expro Pens 10-Year Deal For Work On Eni's LNG Plant In Congo
Thursday, January 26, 2023Expro Group has announced a long-term production solutions contract with Eni for a liquified natural gas pre-treatment facility in Congo.

Companies Fall Short on Climate Pledges, New Survey Claims
Thursday, January 26, 2023A new survey has found that 85% of companies have net-zero strategies, but are failing to incorporate them into daily business operations.

EWTC Produces a Fresh Batch of Graduates
Thursday, January 26, 2023Energy Workforce and Technology Council has held graduation ceremonies for its 2022 year-long programs for the energy workforce.

TSC Subsea Targets Expansion Into New Markets
Thursday, January 26, 2023Remotely deployed subsea NDT inspection specialist TSC Subsea has set its sights on new markets in 2023.

Offshore Rigs Set For Very Busy Year In 2023
Thursday, January 26, 2023Rig activity stood out in several regions in 2022 and there is no reason to expect anything different in 2023, Westwood Energy believes.

Chevron to Buy Back $75B in Stock After Record Profit
Thursday, January 26, 2023Chevron Corp. plans to buy back $75 billion of shares and increase dividend payouts.

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