Atcomedia News Services


Subscribe

Maritime Propulsion newsletter
PGNiG Open to Mergers with State-run Firms
Alaska's North Slope Holds 3.6 Bn Barrels Oil
Annova LNG Sign Deal with Enbridge
Asian Oil & Gas Newsletter • September 28, 2020
aog

Offshore Wind: The Domino Effect

PGNiG Open to Mergers with State-run Firms

Polish gas company PGNiG is open to consolidation with other energy companies…

Alaska's North Slope Holds 3.6 Bn Barrels Oil

U.S. Geological Survey (USGS) department estimated that Alaska's Central…

Annova LNG Sign Deal with Enbridge

Houston liquefied natural gas company Annova LNG has signed a 20-year supply…

Ørsted, US Unis to Study Whales in OWP

Danish developer Orsted U.S. Offshore Wind has signed a research partnership…

Poland Eyes 10GW Offshore Wind Capacity by 2027

Poland's ministry of state assets has published a draft of legislation to…

German Offshore Wind Capacity Reaches 7.5GW

A total of 1,469 offshore wind turbines with a capacity of 7,516MW feed electricity…

Stork Worley JV Wins Neptune Energy Gig

Stork Worley Integrated Solutions, a joint venture of American multinational…

Angola May Seek International Arrest Warrant for Isabel dos Santos

Angola could issue an international arrest warrant for billionaire Isabel…

Norway PM to Name Tina Bru as New Oil Minister -DN

Norwegian Prime Minister Erna Solberg will appoint Conservative lawmaker…

NJ Governor Signs Offshore Wind Bill

New Jersey Governor Phil Murphy signed into legislation Bill, expanding the…




Click here for a FREE trial subscription to “Floating Production Systems Report And Online Database”
September 2020 Monthly Floating Production Systems Report

September 2020 Monthly Floating Production Systems Report Rebalancing the oil market and reinvigorating upstream investment is proving difficult. A new wave of virus infections over the past month has lowered projections for near term growth in oil demand. OPEC+ easing of production constraints raised crude supply beginning August. Oil inventory remains stubbornly high and slower demand growth + increased supply will slow rebalancing. Crude prices, which had risen to the mid-$40s last month, are again back in the low $40s -- and most field operators continue to hold onto cash, defer investment decisions. But Petrobras continues to be a bright light in an otherwise subdued production floater market. In September Petrobras said it is negotiating with SBM to lease a 6th FPSO for use on the Buzios complex in Santos Basin. The contract was expected to be tendered to several contractors in usual fashion – but SBM was the only contractor capable of supplying the large FPSO in the time frame Petrobras requires.

For more information about the WER reports and online database please visit our website worldenergyreports.com or contact Paul Morris, phone: +1 212-477-6944

Maritime Propulsion newsletter
PGNiG Open to Mergers with State-run Firms
Alaska's North Slope Holds 3.6 Bn Barrels Oil
Annova LNG Sign Deal with Enbridge
Asian Oil & Gas Newsletter • September 28, 2020
aog

Offshore Wind: The Domino Effect

PGNiG Open to Mergers with State-run Firms

Polish gas company PGNiG is open to consolidation with other energy companies…

Alaska's North Slope Holds 3.6 Bn Barrels Oil

U.S. Geological Survey (USGS) department estimated that Alaska's Central…

Annova LNG Sign Deal with Enbridge

Houston liquefied natural gas company Annova LNG has signed a 20-year supply…

Ørsted, US Unis to Study Whales in OWP

Danish developer Orsted U.S. Offshore Wind has signed a research partnership…

Poland Eyes 10GW Offshore Wind Capacity by 2027

Poland's ministry of state assets has published a draft of legislation to…

German Offshore Wind Capacity Reaches 7.5GW

A total of 1,469 offshore wind turbines with a capacity of 7,516MW feed electricity…

Stork Worley JV Wins Neptune Energy Gig

Stork Worley Integrated Solutions, a joint venture of American multinational…

Angola May Seek International Arrest Warrant for Isabel dos Santos

Angola could issue an international arrest warrant for billionaire Isabel…

Norway PM to Name Tina Bru as New Oil Minister -DN

Norwegian Prime Minister Erna Solberg will appoint Conservative lawmaker…

NJ Governor Signs Offshore Wind Bill

New Jersey Governor Phil Murphy signed into legislation Bill, expanding the…




Click here for a FREE trial subscription to “Floating Production Systems Report And Online Database”
September 2020 Monthly Floating Production Systems Report

September 2020 Monthly Floating Production Systems Report Rebalancing the oil market and reinvigorating upstream investment is proving difficult. A new wave of virus infections over the past month has lowered projections for near term growth in oil demand. OPEC+ easing of production constraints raised crude supply beginning August. Oil inventory remains stubbornly high and slower demand growth + increased supply will slow rebalancing. Crude prices, which had risen to the mid-$40s last month, are again back in the low $40s -- and most field operators continue to hold onto cash, defer investment decisions. But Petrobras continues to be a bright light in an otherwise subdued production floater market. In September Petrobras said it is negotiating with SBM to lease a 6th FPSO for use on the Buzios complex in Santos Basin. The contract was expected to be tendered to several contractors in usual fashion – but SBM was the only contractor capable of supplying the large FPSO in the time frame Petrobras requires.

For more information about the WER reports and online database please visit our website worldenergyreports.com or contact Paul Morris, phone: +1 212-477-6944