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Global Renewables Investment Goes Down

July 11, 2019
| Archives

The first half of 2019 saw a 14% decrease in global renewable energy investment compared to H1 2018, according to the latest report from BloombergNEF (BNEF). The H1 2019 global investment in renewables amounted to USD 117.6 billion, said to be mainly caused by the plunge in activity in China as it shifts away from government-set tariffs to auctions for new

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Dominican Republic in Houston rallying for first oil licensing round

July 11, 2019
| Archives

The Dominican Republic’s first oil licensing round will be a success if it awards more than two of the 14 blocks on offer this year, a government official said at an event disclosing the Caribbean nation’s fiscal terms. The licensing round, which began on Wednesday with disclosure of contract terms, comes after Brazil, Guyana and Mexico attracted billions

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Shelf Drilling announces 3 contract extensions

July 10, 2019
| Archives

On July 4, 2019 Shelf announced that it has executed a two-year extension for each of the Shelf Drilling Tenacious and the Shelf Drilling Mentor in continuation of their existing contracts through priced options exercised by the customer. Both rigs are now committed until January 2022. On July 8, 2019 Shelf announced that it had “secured a six-month

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Petrobras calls for innovation, pledges over $15 mm in next five years

July 10, 2019
| Archives

Belo Horizonte receives this Wednesday (10/7) event to launch a partnership between Petrobras and Sebrae. Initiative will finance 10 projects nationwide, totaling R $ 10 millionPetrobras will launch a call for Research, Development and Innovation (P & D & D) projects on Wednesday (10/07), in partnership with Sebrae. startups and innovative small businesses. The announcement provides for the financing

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Iran vows retaliation over tanker seizure

July 10, 2019
| Archives

Iran’s military vowed to retaliate against the seizure by British Royal Marines of an oil tanker loaded with the Islamic Republic’s crude off the coast of Gibraltar last week. “It will be reciprocated, at a suitable time and in a suitable place,†Mohammad Bagheri, the chief of staff for Iran’s armed forces, was quoted as saying by the official Islamic

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3 new expansions at Houston Terminal will raise capacity from 660k bpd to 1.1 bpd due to demand

July 9, 2019
| Archives

Enterprise Products Partners L.P. announced three additional expansion projects that will increase the partnership’s capacity to load liquefied petroleum gas (“LPGâ€), polymer grade propylene (“PGPâ€) and crude oil from its Enterprise Hydrocarbon Terminal (“EHTâ€) on the Houston Ship Channel. Currently, Enterprise’s nameplate LPG loading capacity is approximately 660,000 barrels per day (“BPDâ€). Previously, Enterprise announced a project to

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Constellation bags a two year contract with Petrobras for the 6th Gen Drillship the Laguna Star

July 8, 2019
| Archives

Petrobras signs until the end of this month the charter agreement for the Laguna Star drillship, which will operate exclusively for the BM-S-11 project in the Santos Basin cluster. The directors of Shell and Petrogal – partners of the Brazilian oil company in the BM-S-11 consortium – have approved the contracting of the Constellation equipment, and the

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Popular News – Top 5 from this past week!

July 8, 2019
| Weekly Rundown

Below are our top 5 articles for the week of July 1 – July 7! #1 with 3,429 views Two killed on Shell’s Auger TLP #2 with 268 views Shelf bags two years worth of work with Chevron for the Scepter #3 with 242 views For the oilfield service industry its survival of the one who can cut back the most… #4 with 210

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Oil Tanker Seized by British Forces

July 6, 2019
| Archives

When British Royal Marines helped seize an oil tanker off the southern tip of Spain on Thursday, they opened up a legal wrangle that could drag on for months. The Grace 1, a supertanker able to haul 2 million barrels of crude, was arrested in the early hours of July 4 because Gibraltarian authorities said they had grounds to believe

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Shelf bags two years worth of work with Chevron for the Scepter

July 6, 2019
| Archives

Shelf Drilling, Ltd. announced that it has secured a contract for the Shelf Drilling Scepter jack-up rig with Chevron Thailand Exploration and Production, Ltd. (“Chevronâ€) for operations in the Gulf of Thailand. The contract is expected to commence in Q1 2020 and run until Q2 2022 and includes a one-year option. David Mullen, Chief Executive Officer, Shelf Drilling,

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