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Published on 04:55 GMT

New FPSO Targets 100,000 bpd Output, Lokpobiri Lauds NNPC for Driving Oil Growth

*NNPC’s Utapate crude grade hits global market with five cargoes exported to Spain, United States .*National oil company eyes 80,000 bpd from OML 13 by end of 2025 Emmanuel Addeh in Abuja and Peter Uzoho in Lagos The Minister of State Petroleum …

Source: This Day - Pro-Government
Published on 00:01 GMT

Fourth oil production vessel to leave Guyana in Q1 of 2025

The CEO of U.S. oil producer Hess John Hess stated on Wednesday that Guyana's fourth floating production, storage and offloading facility (FPSO) is expected to depart the South American nation in the first quarter of next year. Yellowtail, the fourth …

Source: World Energy News - Connecticut - Label Pending
Published on Nov 20, 2024

Fourth oil production vessel for Guyana to set sail in Q1 2025 – Hess

HOUSTON, (Reuters) – Guyana’s fourth oil floating production storage and offloading (FPSO) facility is expected to depart for this country in the first quarter next year, the CEO of U.S. producer Hess HES.N John Hess said today. The firm, which alongside …

Source: Stabroek News - Neutral
Published on Nov 20, 2024

Lokpobiri lauds crude oil production gains offshore Bayelsa

Nigeria’s quest to boost crude oil production is making significant strides, as the Abigail Joseph Floating Production Storage and Offloading (FPSO) facility, operated by the NNPCL-First E&P Joint Venture on OML 83/85, ramps up output. During an …

Source: The Guardian (Nigeria) - Uncategorized
Published on Nov 20, 2024

Nigeria’s quest to double oil output faces ‘crude’ realities

…As FPSOs operate less than 50% capacity Nigeria’s ambitious plan to double its oil output in the next two years faces a daunting array of challenges ranging from longstanding infrastructure issues to growing pressures on local firms to fill the gap left …

Source: Business Day - Neutral
Published on Nov 20, 2024

‘Largest ever Nordic bond’ enables Yinson Production to raise nearly $3 billion in 2024

On a mission to bankroll the upgrade of its floating, production, storage, and offloading (FPSO) units, Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has placed a $100 million tap issue, …

Source: Offshore Energy - Neutral
Published on 04:17 GMT

NNPC exporting 4.7 million barrels of new crude to Spain, U.S.

•Eyes 80,000 bpd in 2025 as market volatility continues •Lokpobiri hails gains at FPSO as output may hit 100,00bpd About 4.7 million barrels of Nigeria’s latest blend of crude oil is being exported to Spain and the United States in about seven cargoes as …

Source: The Guardian (Nigeria) - Uncategorized
Published on 04:54 GMT

Korea’s Hanwha Life to acquire 75% of US financial firm Velocity Clearing

Hanwha Life, a life insurer under the South Korean conglomerate Hanwha Group, said it has agreed to acquire a 75% stake in the parent company of US-based financial services firm Velocity Clearing. The management team of Velocity Clearing will retain the …

Source: Deal Street Asia - Neutral
Published on Nov 20, 2024

Petroleum minister lauds NNPCL for boosting crude production

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, on Wednesday, said Nigeria’s quest to boost crude oil production is making significant strides, as the Abigail Joseph Floating Production Storage and Offloading facility, …

Source: Punch - Uncategorized
Published on Nov 19, 2024

Out with the old FPSO after eight years, in with the new one at oil field offshore Brazil

A floating production, storage, and offloading (FPSO) vessel is leaving an oil field off the coast of Brazil after spending eight years there, as another unit prepares to take its place once the field’s operator, Brava Energia, former 3R Petroleum before …

Source: Offshore Energy - Neutral
Published on Nov 19, 2024

FPSO Petrojarl Enters Decom Phase as FPSO Atlanta Readies to Take Over

Brava Energia, a Brazilian oil and gas firm created by the merger of 3R Petroleum and Enauta, has ceased production from Petrojarl floating, production storage, and offloading (FPSO) unit, as the new FPSO Atlanta gets ready to take over at a field offshore …

Source: Offshore Engineer News - Neutral
Published on Nov 19, 2024

Exxon to Acquire 3 of 5 FPSOs It Has Leased from SBM Offshore by Yearend

Exxon Mobil Corp. will assume ownership of floating production, storage and offloading (FPSO) vessel Liza Destiny by next month, owner SBM Offshore NV has said. Liza Destiny is one of five FPSOs that the United States oil giant contracted from the Dutch …

Source: Rigzone - Neutral
Published on Nov 20, 2024

TechnipFMC Bags $1B Contract for TotalEnergies' Suriname Project

TechnipFMC plc has secured an integrated engineering, procurement, construction, and installation (iEPCI) contract from TotalEnergies for its GranMorgu project on Block 58, the first oil and gas development offshore Suriname. TechnipFMC said in a news …

Source: Rigzone - Neutral
Published on Nov 19, 2024

Saipem Clinches $1.9 Billion EPCI Contract Offshore Suriname

Saipem has been awarded an EPCI contract by TotalEnergies EP Suriname B.V., a subsidiary of TotalEnergies, for the subsea development of the GranMorgu project, located in the Block 58 oil and gas field, 150 km off the coast of Suriname. The contract is …

Source: Offshore Source - Florida - Label Pending
Published on Nov 19, 2024

DNV and Seatrium Join Forces to Drive Innovation in the Offshore Industries

DNV has signed a Memorandum of Understanding (MoU) with Seatrium, a leading engineering solutions provider to the offshore and marine industries, to cooperate on strategic activities and projects in the areas of engineering, technology and new product …

Source: Offshore Source - Florida - Label Pending
Published on Nov 18, 2024

DNV and Seatrium collaborate to drive innovation and sustainable product development in the marine and offshore ...

DNV has signed a Memorandum of Understanding (MoU) with Seatrium, a leading engineering solutions provider to the offshore and marine industries, to cooperate on strategic activities and projects in the areas of engineering, technology and new product …

Source: American Journal of Transportation - Neutral
Published on Nov 18, 2024

DNV, Seatrium Team for Innovation in Marine and Offshore

DNV has signed a memorandum of understanding (MoU) with Seatrium to cooperate on strategic activities and projects in the areas of engineering, technology and new product design, with key focus on floating offshore energy solutions. Under the MoU, DNV will …

Source: Offshore Engineer News - Neutral
Published on Nov 18, 2024

Lloyd’s Register and SHI to work on green ammonia FPSO development

AsiaEuropeOffshore British class society Lloyd’s Register (LR) has signed a memorandum of understanding with Samsung Heavy Industries (SHI) for the joint development of an FPSO unit for green ammonia.  The unit will use renewable energy to provide power …

Source: Splash 247 - Neutral
Published on Nov 17, 2024

Guyanese fabricators play key role in Jaguar FPSO construction: a milestone for local content

LOCAL fabricating companies Guyana Oil & Gas Support Services Inc. (GOGSSI), Industrial Fabrications Inc. (InFab), and ZECO Group of Services Inc. have secured major contracts to deliver fabrication services for the Jaguar floating production storage …

Source: Guyana Chronicle - Pro-Government

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Published on November 21, 2024 - 03:28 GMT

High Voltage Cable Market Worth US$ 23.4 Billion by 2027

Global High Voltage Cable Market projected to grow at a CAGR of 6.0% from 2020 to 2027 WILMINGTON, DE, UNITED STATES, November 21, 2024 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied Market Research, the global high …

Distribution channels: Electronics Industry, Energy Industry ...
Published on November 21, 2024 - 02:59 GMT

London Climate Technology Show 2024: Pioneering the Path to a Net Zero Future

Join global leaders at London Climate Technology Show 2024, Nov 27-28, to explore innovations driving the net zero transition. LONDON, UNITED KINGDOM, November 20, 2024 /⁨EINPresswire.com⁩/ -- The London Climate Technology Show 2024 is set to take …

Distribution channels: Banking, Finance & Investment Industry, Conferences & Trade Fairs ...
Published on November 21, 2024 - 02:12 GMT

DCCI captured the most consequential moments in the Kingdom’s digital infrastructure realm

BENGALURU, KARNATAKA, INDIA, November 21, 2024 /⁨EINPresswire.com⁩/ -- GCC’s latest frontier for businesses, Saudi Arabia is actively pursuing digital transformation strategies to diversify its economy and be future-ready for the global arena. To …

Distribution channels: Banking, Finance & Investment Industry, Energy Industry ...
Published on November 21, 2024 - 02:04 GMT

Solid-State Battery Market Overview: Powering the Future of Energy Storage

Global Solid State Battery Market Expected to Targets $3.4 billion by 2030 WILMINGTON, DE, UNITED STATES, November 21, 2024 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied Market Research, the solid state battery market size …

Distribution channels: Business & Economy, Energy Industry ...
Published on November 21, 2024 - 01:00 GMT

VIOTAS, Leading Irish Smart Grid Company, Launches First US Office in Texas to Support the ERCOT Market

HOUSTON, TX, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- VIOTAS, Ireland's pioneering smart grid technology firm, has officially established its first U.S. presence with the launch of VIOTAS Texas LLC, celebrated in Houston, Texas. …

Distribution channels: Business & Economy, Companies ...
Published on November 21, 2024 - 00:00 GMT

The Most Anticipated AI Marketing Developments for 2025

LJUBLJANA, SLOVENIA, November 21, 2024 /⁨EINPresswire.com⁩/ -- The marketing world is on the brink of another transformative year as AI continues to evolve and reshape the field. Following its unprecedented adoption in 2024, strong AI is poised to …

Distribution channels: Agriculture, Farming & Forestry Industry, Amusement, Gaming & Casino ...
Published on November 20, 2024 - 23:32 GMT

The PPDM Association Announces, ‘Power Insights – Mastering Energy Data’

NEW 11-month online workshop series CALGARY, ALBERTA, CANADA, November 20, 2024 /⁨EINPresswire.com⁩/ -- Data is the lifeblood of today's economy and influences every aspect of business operations from strategic planning to customer engagement. …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on November 20, 2024 - 18:57 GMT

Laconic, the pioneering environmental fintech leader, has announced the largest carbon transaction in history

The Largest Carbon Deal in History: Laconic Secures $5 Billion Landmark Agreement to Transform Global Carbon Markets CHICAGO, IL, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- The Largest Carbon Deal in History: Laconic Secures $5 …

Distribution channels: Banking, Finance & Investment Industry, Energy Industry ...
Published on November 20, 2024 - 17:00 GMT

Energy Internet Corporation (EIC) Advances Pressure Transformer Innovation for Liquid Watts Platform

EIC partners with Feldhake Consulting through HeroX Grant SAN JOSE, CA, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- Energy Internet Corporation (EIC) today announced the commencement of the detailed design phase for a critical …

Distribution channels: Business & Economy, Chemical Industry ...
Published on November 20, 2024 - 14:30 GMT

Report: AI data centers could drive up consumer electricity prices 70% by 2029

Average household could pay $1,200 more each year and be at risk of widespread brownouts and blackouts WASHINGTON, DC, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- American consumers and small businesses could face up to 70% higher …

Distribution channels: Business & Economy, Energy Industry ...
Published on November 20, 2024 - 13:45 GMT

PV Inverter Market Growth Driven by Technological Innovations and Increasing Solar Power Adoption

AUSTIN, TX, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- The PV Inverters Market size was estimated at USD 12.9 billion in 2023 and is predicted to reach over USD 47.44 billion by 2032 with an emerging CAGR growth of 18.5% Over the …

Distribution channels: Energy Industry ...
Published on November 20, 2024 - 13:30 GMT

echo3D Releases Advanced AI Capabilities for 3D Digital Asset Management

Industry-leading 3D DAM platform enhanced with AI capabilities and streamlined workflows to transform enterprise 3D asset management NEW YORK, NY, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- During Slush 2024 in Helsinki, Finland, …

Distribution channels: Building & Construction Industry, Companies ...
Published on November 20, 2024 - 13:00 GMT

Methanol Institute Welcomes Oxylus Energy as Association's Newest Member

Oxylus Energy is a leading green methanol company and climate solution provider WASHINGTON, DC, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- The Methanol Institute (MI) is pleased to welcome Oxylus Energy P.B.C. as our newest member. …

Distribution channels: Aviation & Aerospace Industry, Business & Economy ...
Published on November 20, 2024 - 12:48 GMT

Solar Panel Coatings Market Size 2024 by Region, Type and Application | Forecast 2030

The global solar panel coatings market size is expected to reach $15.7 billion by 2030, expected at a CAGR of 22.4% from 2021 to 2030 WILMINGTON, DE, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- The global solar panel coatings industry …

Distribution channels: Chemical Industry, Energy Industry ...
Published on November 20, 2024 - 11:39 GMT

Blue Hydrogen Market projected to reach US$1,586.122 million by 2030 at a significant CAGR of 5.66%

The blue hydrogen market is anticipated to grow at a CAGR of 5.66% from US$1,204.410 million in 2025 to US$1,586.122 million by 2030. NOIDA, UTTAR PRADESH, INDIA, November 20, 2024 /⁨EINPresswire.com⁩/ -- According to a new study published by …

Distribution channels: Energy Industry ...
Published on November 20, 2024 - 11:38 GMT

Green Hydrogen Market anticipated to surpass US$7.446 billion by 2030 at a CAGR of 6.71%

The green hydrogen market is anticipated to grow at a CAGR of 6.71% from US$5.382 billion in 2025 to US$7.446 billion by 2030. NOIDA, UTTAR PRADESH, INDIA, November 20, 2024 /⁨EINPresswire.com⁩/ -- According to a new study published by Knowledge …

Distribution channels: Energy Industry ...
Published on November 20, 2024 - 10:50 GMT

[Latest] Carbon Black in Lead-Acid Battery Market Size to reach USD 591.4 Million by 2027

The global carbon black in lead-acid battery market is projected to reach $591.4 million by 2027, growing at a CAGR of 4.6% from 2020 to 2027. WILMINGTON, DE, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- The carbon black in lead-acid …

Distribution channels: Business & Economy, Energy Industry ...
Published on November 20, 2024 - 10:00 GMT

Nathan Tungseth, Senior Vice President for LNG at ABB Energy Industries, Joins Advisory Board of Argent LNG

METAIRIE, LA, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- Argent LNG is proud to announce the appointment of Nathan Tungseth to its Advisory Board. As ABB's Senior Vice President and Global Industry Business Manager for LNG, Nathan …

Distribution channels: Business & Economy, Energy Industry ...
Published on November 20, 2024 - 09:56 GMT

Audio IC Market Poised for Remarkable Growth: Trends and Forecast (2020-2027)

Audio IC Market Expected to Reach $45.57 Billion By 2027 WILMINGTON, DE, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- Allied Market Research, titled, Audio IC Market By IC Type and Application: Global Opportunity Analysis and Industry …

Distribution channels: Electronics Industry, Energy Industry ...
Published on November 20, 2024 - 09:45 GMT

Michigan Mesothelioma Victims Center Appeals to A Former Power Plant Worker with Mesothelioma or Lung Cancer in Michigan ...

DETROIT , MI, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- According to the Michigan Mesothelioma Victims Center, "If your loved one is a former power plant worker anywhere in Michigan or a skilled trades worker who worked as a …

Distribution channels: Automotive Industry, Building & Construction Industry ...