The agreement which OPEC+ reached on Sunday is modestly bullish for Goldman Sachs’s forecast that Brent will hit $80 per barrel this summer, the investment bank said in a note after the group agreed to start adding 400,000 bpd production each month from August. For months, Goldman Sachs has been calling for $80 a barrel […]
OPEC forecast on Thursday that world oil demand would rise in 2022 to reach a level similar to before the pandemic, led by growth in the United States, China, and India. The Organization of the Petroleum Exporting Countries said in its monthly report that demand next year would rise by 3.4% to 99.86 million barrels […]
Kraken Robotics has signed a contract with an undisclosed international energy company to provide underwater inspection of the subsea assets in West Africa. Under the contract, Kraken will deploy its SeaVision laser scanner to conduct an underwater inspection of an umbilical termination assembly to acquire metrology data on tubing within the internal structure. The company […]
CALGARY, AB – Three in four Canadians polled agree Canada should be a preferred global supplier of energy because of its climate and environmental record, according to a July 2021 public opinion survey conducted by Research Co. And almost seven in ten (69 percent) say they have personally benefited from the oil and gas sector, the […]
Marine electrical systems supplier Vard Electro will equip Atlantic Towing’s platform supply vessel Atlantic Shrike with a hybrid battery power system. “Atlantic Towing is the first company to implement this multiple mode application of battery technologies on a single vessel in the Canadian offshore oil and gas industry,” Vard Electro said. Atlantic Towing has received […
Recent exploratory success offshore Suriname, where several discoveries have been made in 2020, shows promise to become an oil production hot spot in the near to mid-term, according to GlobalData. The energy data and analytics company noted that block operators TotalEnergies and Apache Corp awarded a contract for preliminary front-end engineering design in June 2021 […]
The Norse Spirit left Whiffen Head near Arnold’s Cove just before noon on July 5, heading to the Hibernia platform 325 kilometres east of Newfoundland. The 279-metre-long crude oil tanker, with a carrying capacity of 960,000 barrels of oil, loaded up with sweet crude pumped from the Hibernia field to transport it back to the […]
Co-Director of Energy Practice at America’s Market Intelligence (AMI), Arthur Deakin believes new oil producer Guyana could pave a low carbon path for its oil and gas sector with the help of ExxonMobil’s carbon-capturing utilizing and storage technology (CCUS), and implementation of a carbon tax. In one of Deakin’s recent commentaries titled, “A two-fold approach […]
CGX Energy Inc. has commenced drilling operations at the Kawa-1 prospect on the Corentyne block located approximately 90 nautical miles (167 kilometers) offshore Guyana. Kawa-1 is expected to be drilled to a depth of around 6,500 metres in water depth of approximately 370m. The exploration campaign is being carried out by the Maersk Discoverer rig […]
Norwegian offshore seismic data firms TGS and PGS have partnered up and started the second phase of a multi-client survey offshore East Canada. The project, called Lewis Hills 3D multi-client phase 2, includes the acquisition of 947 square kilometers of additional 3D data, tying into the existing project’s 2,811 square kilometers to create one contiguous […]
