Oil and Gas Industry

Technip Energies, Université Gustave Eiffel, Valeco and OPEN-C Foundation Selected for French Floating Wind Project PAREF

Oil & Gas‚ Oil and Gas Industry | intent | July 4, 2024 | Comment off

Technip Energies (PARIS:TE) in partnership with Université Gustave Eiffel, Valeco, and OPEN-C Foundation, will be leading the PAREF project, an R&D program aimed at accelerating industrial-scale development of floating wind. This project is funded by the French State as part of France 2030 operated by ADEME. It aims to design, fabricate, and test a reusable anchoring system, high and low connectors, and tendons for a tension line system, all while minimizing the impact on the marine environment in real offshore conditions.

Oil production in Guyana to reach 1.3million barrels per day with new projects coming on stream -ExxonMobil

Oil & Gas‚ Oil and Gas Industry | intent | July 4, 2024 | Comment off

With new projects to come on stream soon, Guyana will continue to see greater earnings from the oil and gas sector. At the current production level, over US$1.5 Billion is being generated every month.

Exxon Mobil poised to deliver Q2 earnings beat on higher crude prices, increased production

Oil & Gas‚ Oil and Gas Industry | intent | July 4, 2024 | Comment off

Exxon Mobil Corp (NYSE:XOM, ETR:XONA) is expected to highlight quarter-over-quarter improvements when it files its quarterly earnings considerations 8-K, analysts at UBS believe.

State of Emergency on Crude Oil Production Declared by NNPCL

Oil & Gas‚ Oil and Gas Industry | intent | July 4, 2024 | Comment off

Reports say the Nigerian National Petroleum Company Limited, NNPCL, has declared a state of emergency on crude oil production.

Italian Eni eyes $4.3bn from asset sale in Nigeria, others

Oil and Gas Industry | intent | July 4, 2024 | Comment off

Italian energy group Eni SpA is looking to raise more than €4 billion ($4.3bn) from disposals in its global upstream business, people familiar with the matter said.

China Sets Out To Develop More Local Oil, Gas

Oil & Gas‚ Oil and Gas Industry | intent | July 3, 2024 | Comment off

A new Chinese umbrella company grouping all the state majors will drill for ultradeep oil and gas, and explore shale formations in China.
China produced 4.2 million barrels daily in 2023.
Unconventional resources have long been a focus of attention for China’s state oil and gas majors, but developing them has been a challenge.

Beacon fires up US offshore oil project

Oil & Gas‚ Oil and Gas Industry | intent | July 3, 2024 | Comment off

Winterfell development set to deliver gross production of 20,000 boepd, says partner Kosmos Energy

Enauta Cancels Acquisition of FPSO Cidade de Santos from MODEC

Oil & Gas‚ Oil and Gas Industry | intent | July 3, 2024 | Comment off

Brazilian oil and gas company Enauta has terminated the contract to acquire the floating production, storage, and offloading (FPSO) unit Cidade de Santos from MODEC, announced in relation with the acquisition of Uruguá and Tambaú fields from Petrobras.