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Latest news - International

Sembmarine wins Hornsea maintenance contract

Sembmarine wins Hornsea maintenance contract   Sembcorp Marine subsidiary Sembmarine SLP has secured a Planned Preventative Maintenance (PPM) contract from Orsted for the Hornsea 2 Offshore Wind Farm Offshore substation and reactive compensation station. This exclusive contract signifies Sembmarine SLP’s strategic transition from fabricator to maintenance service provider of offshore renewable solutions The PPM contract involves the maintenance and servicing of the low vol...

UK wind power sets new generation record

UK wind power sets new generation record   A new electricity generation record was set yesterday by the UK's onshore and offshore wind farms, which generated of 19,936MW of electricity in a half hour period. The new record was set between 11.30am and 12 noon yesterday (26 October), beating the previous record of 19,916MWthat was set on 25th May this year. The statistics, highlighted by trade body RenewableUK, were provided by National Grid ESO and show that the technologies...

Cop 27: UAE says will supply oil, gas as long as needed

Cop 27: UAE says will supply oil, gas as long as needed   UAE President Mohammed bin Zayed al-Nahyan said today his country will continue to supply oil and gas "for as long as the world needs" it. Speaking at the opening of the Cop 27 UN climate conference he said the UAE is considered as a responsible supplier of energy, and that "it will continue to play this role for as long as the world needs oil and gas." The president's comment came after UN secreta...

Pioneering Energy Skills Passport meets milestone with development contract award to 3t Energy Group

Pioneering Energy Skills Passport meets milestone with development contract award to 3t Energy Group   3t Energy Group (3t) has been selected to develop an Energy Skills Passport with OPITO as part of a competitive tender process. A first-in-industry digital solution to help workers identify gaps and gain the training, skills and certifications they need to work flexibly across the offshore energy sector. OPITO was awarded £5 million from The Scottish Government’s Just Tra...

Energean Makes Commercial Gas Discovery at Zeus; Upgrades Athena Resources

Energean Makes Commercial Gas Discovery at Zeus; Upgrades Athena Resources   Energean PLC said Monday that the Zeus-01 exploration well has made a commercial gas discovery of 13 billion cubic meters, and that contingent resources at Athena have been upgraded following postwell analysis. The oil-and-gas company said it is now undertaking postwell analysis of the data collected during drilling at the Zeus exploration well offshore Israel. Contingent resources of 11.75 billion cubi...

PM pledges to make UK a clean energy superpower ahead of COP27

PM pledges to make UK a clean energy superpower ahead of COP27   PM to travel to Egypt to galvanise action on the climate commitments made at COP26 in Glasgow Rishi Sunak will pledge to speed up the transition to renewables to create new high-wage jobs, protect UK energy security and deliver on net zero UK to chair a high-level meeting on forests and announce new support for climate-vulnerable countries The Prime Minister will urge countries to deliver on the Glasgow Clima...

Offshore CCS Projects Could Breath New Life Into Gulf Of Mexico

Offshore CCS Projects Could Breath New Life Into Gulf Of Mexico   With six offshore carbon capture storage (CCS) projects in development or planning phases, operators look to breathe new life into the US Gulf of Mexico. According to an analysis by Wood Mackenzie, there are currently 22 CCS projects in the US, which accounts for 19% of global activity. Texas and Louisiana combined for close to 500 million tCO2e of emissions in 2021, 20% of the US total emissions. With the US tar...

Neptune Energy begins drilling Calypso exploration well

Neptune Energy begins drilling Calypso exploration well   Neptune Energy announced today drilling has commenced on the Calypso exploration well in the Norwegian Sea. The exploration well, 6407/8-8 S, is being drilled by the Deepsea Yantai, a semi-submersible rig, owned by CIMC and operated by Odfjell Drilling. The Calypso prospect is located 14 kilometres north-west of the Draugen field and 22 kilometres north-east of the Njord A platform, within the Neptune-operated PL938 Licence....

New spud window for exploration well in Guyana as Noble rig gets delayed

New spud window for exploration well in Guyana as Noble rig gets delayed   Canada’s CGX Energy and Frontera Energy, partners in the Corentyne block offshore Guyana, have revised the spud window for their second exploration well on this block since the rig, which has been hired to carry out drilling operations, has run into delays on its current assignment. Following positive results from the first well, Kawa-1, Frontera Energy and CGX Energy disclosed a plan to spend up to $1...

Oil giant Saudi Aramco makes US$42b quarterly profit

Oil giant Saudi Aramco makes US$42b quarterly profit   Oil giant Saudi Aramco on Tuesday reported a US$42.4-billion profit in the third quarter of this year, a 39 per cent bump buoyed by the higher global energy prices that have filled the kingdom’s coffers but helped fuel inflation worldwide. The oil firm’s profits will help fund the kingdom’s assertive Crown Prince Mohammed bin Salman’s plans for a futuristic city on the Red Sea coast, but also comes as th...

ASCO appoints new UK managing director

ASCO appoints new UK managing director   ASCO, the global integrated logistics and materials management company, has appointed Mike Pettigrew as its new UK Managing Director following the retirement of his long-serving predecessor, Glenn Hurren. Mike will take up his new role today (November 1) while Glenn will officially retire in February 2023. Having joined ASCO in 1984, Glenn Hurren previously held a number of senior roles with the company including vice-president of ASCO US, U...

QatarEnergy announces oil discovery in Brazil field

QatarEnergy announces oil discovery in Brazil field   QatarEnergy has announced an oil discovery in the 4-BRSA-1386D-RJS well in Brazil’s world class Sépia oil field, which is located in the prolific Santos Basin in water depths of about 2,000 meters off the coast of Rio de Janeiro. QatarEnergy acquired a working interest in the Sépia Co-Participated Area in December 2021 during the 2nd Transfer-of-Rights Surplus Bidding Round, which was organized and managed by...

120-fold increase in CCUS needed to hit global net zero target – McKinsey & Company

120-fold increase in CCUS needed to hit global net zero target – McKinsey & Company CCUS needs new business models; state subsidies alone may not create needed growth   Carbon capture, utilization, and storage (CCUS) technologies are being adopted too slowly to achieve even the IPCC’s 2.0° upper limit for global warming, according to a new McKinsey study. McKinsey's new research paper, Scaling the CCUS industry to achieve net-zero emissions, released toda...

Turkey plans to open 100 oil, natural gas wells on land in 2023

Turkey plans to open 100 oil, natural gas wells on land in 2023   Turkish authorities are preparing to drill 100 wells on land in 2023 in order to explore oil and natural gas deposits, as well as carry out certain work in the sea, reports TASS. It is assumed that the geological exploration work will be accelerated inside the country and abroad due to the need to meet the needs of the energy sector of oil, natural gas, and geothermal resources, as well as the demand for raw materia...

Global leaders to address energy challenges at ADIPEC 2022

Global leaders to address energy challenges at ADIPEC 2022 H.R.H. Prince Abdulaziz bin Salman, Minister of Energy, Saudi Arabia, and H.E. Shri Hardeep Singh Puri, Minister of Petroleum and Natural Gas, India, among new ministers confirmed to speak 40 ministers and 38 global CEOs to convene in Abu Dhabi to discuss a pro-climate and pro-growth energy transition ADIPEC 2022 will be the largest, most inclusive energy forum, with representation from more than 160 countries and 28 country p...

Saudi Aramco Creates $1.5B Energy Transition Fund

Saudi Aramco Creates $1.5B Energy Transition Fund   Oil and gas giant Saudi Aramco has created a $1.5 billion fund to invest in technology supporting a stable and inclusive energy transition. It was unveiled at the sixth edition of the Future Investment Initiative (FII) and is among the largest sustainability-focused venture capital funds globally. Managed by Aramco Ventures, the venture capital arm of Aramco, the fund is an extension of the company’s efforts to meet the wor...

FTSE 100: Shell profits double to $9.5bn on higher oil and gas prices

FTSE 100: Shell profits double to $9.5bn on higher oil and gas prices   Shell announced a $4bn (£3.4bn) share buyback programme as cooling oil prices failed to take the shine of the energy company's bumper profits. The FTSE 100 (^FTSE) firm reported a "robust performance in a turbulent economic environment" with lower crude prices and higher gas prices compared with the second quarter this year. Shell's adjusted earnings figure of $9.5bn was more than dou...

Exxon strikes oil again in Guyana, raises output target

Exxon strikes oil again in Guyana, raises output target   Exxon Mobil Corp has made two new discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, the oil major said on Wednesday, adding more barrels to one of the most closely watched new oil discoveries. Exxon did not disclose how much crude oil or gas it estimates the new discoveries to contain, but it also hiked a previous output forecast for the third quarter from older discoveries in the region...

Energean starts extracting gas from Israel’s Karish field

Energean starts extracting gas from Israel’s Karish field   The British-Greek hydrocarbon exploration and production company Energean plc announced on Wednesday that it had begun extracting natural gas from the Karish gas platform off the northern Israeli coast, a day before Israeli and Lebanese leaders are due to sign a United States-mediated agreement that demarcates the maritime border between the two enemy states. In a statement, Energean said the development is a signifi...

Equinor Energy concludes drilling of wildcat well 6607/12-5.

Equinor Energy concludes drilling of wildcat well 6607/12-5.   Equinor Energy AS, operator of production licence 943, has concluded the drilling of wildcat well 6607/12-5. The well was drilled about 18 kilometres west of the Norne field in the Norwegian Sea and 220 km west of Sandnessjøen. The objective of the well was to prove petroleum in Cretaceous reservoir rocks in the Lange and Lysing Formations, as well as to evaluate reservoir properties. The well encountered r...
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