Petroleum production

Symbio Infrastructure Taps Siemens Energy as Technology Provider for World’s First Carbon Neutral LNG Liquefaction Facility and Natural Gas Transmission Line Project

Retrieved on: 
Tuesday, June 22, 2021
Engineering, Health, FDA, Oil, Gas, Manufacturing, Alternative energy, Energy, Fuel gas, Industry economics), Manufacturing, Fuels, Renewable energy, Greenhouse gas emissions, Liquefied natural gas, Petroleum production, Carbon neutrality, Siemens, Natural gas

Fed by Gazoduqs carbon-neutral natural gas transmission line, nergie Saguenay plans to operate the lowest carbon-intensity LNG plant in the world.

Key Points: 
  • Fed by Gazoduqs carbon-neutral natural gas transmission line, nergie Saguenay plans to operate the lowest carbon-intensity LNG plant in the world.
  • Under the agreement, Siemens Energy will provide its portfolio of greener solutions for rotating equipment, electrical, and digital infrastructure.
  • Symbio and Siemens Energy are aligned in their environmental stewardship and commitments to develop innovative infrastructure that helps meet these goals.
  • Tim Holt, member of the Executive Board of Siemens Energy, said: Were proud to support Symbios carbon-neutral Canadian LNG project powered by hydroelectricity, and Canadas first carbon-neutral natural gas transmission line, while also integrating cutting-edge Siemens Energy solutions and technology to realize one of the worlds lowest carbon intensity LNG value chains.

Offshore Support Vessel Market Worth $26.8 Billion by 2026 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, June 21, 2021
Anchor handling tug supply vessel, Shipbuilding, Petroleum production, Offshore engineering, Economic taxonomy

CHICAGO, June 21, 2021 /PRNewswire/ -- According to the new market research report " Offshore Support Vessel Market by Type (AHTS, PSV, MPSV, Standby & Rescue Vessel, Crew Vessel, Chase Vessel, Seismic Vessel), Application (Shallow water and Deepwater), End-User (Oil & Gas and Offshore Wind), and Region - Global Forecast to 2026", published by MarketsandMarkets, the global Offshore Support Vessel Market is expected to grow at a CAGR of 4.0%, from 2021 to 2026, to reach a market size of USD 26.8 billion by 2026.

Key Points: 
  • CHICAGO, June 21, 2021 /PRNewswire/ -- According to the new market research report " Offshore Support Vessel Market by Type (AHTS, PSV, MPSV, Standby & Rescue Vessel, Crew Vessel, Chase Vessel, Seismic Vessel), Application (Shallow water and Deepwater), End-User (Oil & Gas and Offshore Wind), and Region - Global Forecast to 2026", published by MarketsandMarkets, the global Offshore Support Vessel Market is expected to grow at a CAGR of 4.0%, from 2021 to 2026, to reach a market size of USD 26.8 billion by 2026.
  • Increasing deepwater activities and decommissioning of aging offshore infrastructure is likely to offer lucrative opportunities for the Offshore Support Vessel Market.
  • Government regulations and high operational risks continue to be challenges for the Offshore Support Vessel Market.
  • The leading players are adopting various strategies to increase their share in the Offshore Support Vessel Market.

Technip Energies to Address Attendees at the J.P. Morgan Energy, Power & Renewables Conference

Retrieved on: 
Friday, June 18, 2021
Engineering, Energy, Manufacturing, Oil, Gas, Technip, Industrial gases, Petroleum production, Green vehicles, Emerging technologies, Sustainable technologies, Industry economics), American depositary receipt, Energy, Fuels, Depositary receipt, Liquefied natural gas

There will be no presentation materials associated with the event.

Key Points: 
  • There will be no presentation materials associated with the event.
  • Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management.
  • The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
  • Technip Energies is listed on Euronext Paris with American depositary receipts (ADRs) trading over-the-counter in the United States.

Dynagas LNG Partners LP Reports Results for the Three Months Ended March 31, 2021

Retrieved on: 
Thursday, June 17, 2021
Liquefied natural gas, Petroleum production, Chemical substances, Chemistry, Physical sciences

Three Months Ended March 31, 2021 and 2020 Financial Results

Key Points: 
  • Three Months Ended March 31, 2021 and 2020 Financial Results
    Net Income for the three months ended March 31, 2021 was $15.9 million as compared to a Net Income of $7.0 million for the corresponding period of 2020, which represents an increase of $8.9 million, or 127.1%.
  • During the three-month periods ended March 31, 2021 and March 31, 2020, the Partnerships vessels operated at 100% and 99.0% utilization, respectively.
  • Adjusted EBITDA for the three months ended March 31, 2021 was $23.9 million, as compared to $23.7 million for the corresponding period of 2020.
  • (NYSE: DLNG) is a master limited partnership which owns and operates liquefied natural gas (LNG) carriers employed on multi-year charters.

Oza-1 Well Re-Entry Update

Retrieved on: 
Thursday, June 17, 2021
Petroleum production, Oil wells, Perforation, Technology, Science and technology, Casing, Articles, Completion, Production packer

Perforation operations will then begin with the lowest zone of interest (L2.6) and then running a testing tubing string with straddle packers to test the isolated L2.6 zone.

Key Points: 
  • Perforation operations will then begin with the lowest zone of interest (L2.6) and then running a testing tubing string with straddle packers to test the isolated L2.6 zone.
  • This will be followed by pulling the 5 inch casing that is inside the 9 inch casing and running cased hole reservoir logs.
  • Additional early production and central processing facilities will be added as required to accommodate additional production levels from field development activities.
  • We look forward to ramping up production as we continue to progress full-field development at the Oza Field.

VAALCO Secures Rig for 2021/2022 Drilling Campaign

Retrieved on: 
Wednesday, June 16, 2021
Petroleum geology, Petroleum engineering, Drilling rig, Well drilling, Petroleum industry, Science and technology, Petroleum, Petroleum production

The contract provides, among other things, that the drilling rig can be on location as early as December of this year, with the exact timing dependent on other commitments related to the rig.

Key Points: 
  • The contract provides, among other things, that the drilling rig can be on location as early as December of this year, with the exact timing dependent on other commitments related to the rig.
  • George Maxwell, Chief Executive Officer, commented, We continue to work with our joint owners at Etame on our shared goal of executing another successful drilling campaign that can significantly add production and reserves.
  • We are excited to get our next drilling campaign underway later this year.
  • VAALCO, founded in 1985, is a Houston, USA based, independent energy company with production, development and exploration assets in the West African region.

BHP Awards McDermott Marine Installation Contract for Shenzi Subsea Multiphase Pumping Project

Retrieved on: 
Wednesday, June 16, 2021
Companies, Petroleum production, States and territories of Australia, Mining, Offshore engineering, BHP, Economy of Western Australia, Subsea, McDermott International, Floating production storage and offloading

HOUSTON, June 16, 2021 /PRNewswire/ -- McDermott International, Ltd today announced it has been selected by BHP to provide a marine installation campaign for the Shenzi Subsea Multiphase Pumping Project (SSMPP).

Key Points: 
  • HOUSTON, June 16, 2021 /PRNewswire/ -- McDermott International, Ltd today announced it has been selected by BHP to provide a marine installation campaign for the Shenzi Subsea Multiphase Pumping Project (SSMPP).
  • The project is located approximately 138 miles (222 kilometers) offshore in the Gulf of Mexico at a water depth of 4,400 feet.
  • McDermott is currently providing Front-End Engineering Design (FEED) of a Semi-submersible Floating Production Unit (FPU) for the Trion Project in the Gulf of Mexico, another BHP project, in partnership with Pemex.
  • Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement.

S&P Global Platts Launches Carbon-Neutral LNG (CNL) Assessment

Retrieved on: 
Wednesday, June 16, 2021
Fuel gas, Chemistry, Physical sciences, Liquefied natural gas, Petroleum production, Fuels, S&P Global Platts

Ciaran Roe,Global Director of LNG Pricing, S&P Global Platts said: "We are already seeing LNG consumers around the world demand action on emissions associated with LNG use amid an increasingly carbon conscious economy.

Key Points: 
  • Ciaran Roe,Global Director of LNG Pricing, S&P Global Platts said: "We are already seeing LNG consumers around the world demand action on emissions associated with LNG use amid an increasingly carbon conscious economy.
  • "JKM is the leading global LNG benchmark reflecting the value of LNG delivered to North Asia.
  • A global editorial team monitors market news and assesses global LNG prices, and a team of LNG analysts provide detailed analysis and outlook of the global LNG market from Platts' offices in Singapore, London and New York.
  • S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for companies, governments and individuals to make decisions with confidence.

New Pig celebrates National Safety Month with annual customer spotlight program

Retrieved on: 
Tuesday, June 15, 2021
Pork, Petroleum production, Pigging, Pipeline transport, Domestic pig, Organisms, Animals

Named the PIG Safe Floors Spotlight , New Pig has selected Maryland-based Mount St. Mary's University as its 2021 honoree.

Key Points: 
  • Named the PIG Safe Floors Spotlight , New Pig has selected Maryland-based Mount St. Mary's University as its 2021 honoree.
  • "Since the very start, New Pig has always been a champion of companies that share in our commitment to safety," said Daniel Silver, VP of Product Developmentat New Pig Corporation.
  • Each year during National Safety Month, New Pig will honor customers like Mount St. Mary's with a reward specific to the recipient.
  • Among the leading New Pig brands include the PIG Original Absorbent Sock, PIG Grippy Mat, PIG SpillBlocker Dike, and PIG Flammable Safety Cabinets.

Denbury To Present at J.P. Morgan Energy, Power & Renewables Conference

Retrieved on: 
Tuesday, June 15, 2021
Energy, Other Energy, Oil, Gas, Articles, Denbury Resources, Petroleum production, Bright green environmentalism, Enhanced oil recovery, Denbury, Renewable energy, Coast

Denbury Inc. (NYSE: DEN) (Denbury or the Company) today announced that Chris Kendall, President and Chief Executive Officer, will participate in a fireside chat at the J.P. Morgan Energy, Power & Renewables Conference on Wednesday, June 23, 2021, at 11:10 a.m. Central Time (12:10 p.m. Eastern Time).

Key Points: 
  • Denbury Inc. (NYSE: DEN) (Denbury or the Company) today announced that Chris Kendall, President and Chief Executive Officer, will participate in a fireside chat at the J.P. Morgan Energy, Power & Renewables Conference on Wednesday, June 23, 2021, at 11:10 a.m. Central Time (12:10 p.m. Eastern Time).
  • Mr. Kendall and other members of management will also participate in virtual meetings with investors.
  • Denbury is an independent energy company with operations and assets focused on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions.
  • For more information about Denbury, visit www.denbury.com .