Offshore Refining

Thursday, 30 November 2023

Latest News for: Offshore refining

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Stocks to Watch: Bank of Baroda, Eicher Motors, LIC, ONGC

Financial Express 28 Nov 2023

Stocks in Focus ... “Markets consolidated in a range for yet another session and ended unchanged ... Bank of Baroda ... Auto ancillary stocks in top gear ... India’s top oil and gas producer ONGC has signed term contracts with refiners to sell crude oil it produces from Mumbai offshore fields at a premium to international benchmark Brent, reported PTI ... .

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ONGC charges premium over Brent in oil deals with BPCL, HPCL

Financial Express 26 Nov 2023

India’s top oil and gas producer ONGC has signed term contracts with refiners to sell crude oil it produces from Mumbai offshore fields at a premium to international benchmark Brent, sources said ... All the cargoes were sold to state refiners except one, which was awarded to ...

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Japanese wind power companies bowing out

Taipei Times 17 Nov 2023

Oil refiner Eneos Holdings Inc last week said that it might exit the Yunlin Offshore Wind Project (允能雲林離岸風廠) after regional utility Shikoku Electric Power Co decided to pull out of the same project due to delays threatening its profitability ... The nation aims to have 5.7 gigawatts of offshore wind capacity by then, compared with 2.1GW now.

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India could become a dumping ground for ICE vehicles, warns report

The Economic Times 17 Nov 2023

The report said fully electric battery-powered ...

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Exclusive: China's CNOOC, two chemical firms looking at Shell Singapore assets - sources

Reuters 31 Oct 2023

SINGAPORE, Oct 31 (Reuters) - At least three Chinese companies including state giant China National Offshore Oil Company (CNOOC) are evaluating ... CNOOC, the parent of offshore oil and gas major CNOOC Ltd , operates a joint refining-petrochemical complex with Shell in southern China.

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Study Finds "Endangered" Whales in Offshore Lease Blocks off Crete

The Maritime Executive 30 Oct 2023

... advance offshore gas and oil exploration activities. ExxonMobil and Greece's biggest oil refiner, HelleniQ Energy, are currently reviewing the results of seismic surveys carried out in two offshore concessions west and southwest of Crete that were completed in February this year.

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BOEM Pushes Forward with Gulf of Mexico Wind Despite Poor Response

The Maritime Executive 28 Oct 2023

The Biden Administration continues to push forward with its plan for offshore wind energy despite the recent setback for the industry and the lackluster response to the first Gulf of Mexico wind auction ... The proposed lease areas are likely to be further refined based on input before the lease auction is scheduled.

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Equinor cuts output guidance; Q3 profit beats forecast

Reuters 27 Oct 2023

offshore wind ... It cut its full-year oil and gas production growth target to 1.5% in 2023 from 3% previously, dented by heavy maintenance at many of its offshore fields ... It also made impairments in Norway, related to reduced reserves at an offshore field and at its refining unit due to weaker margins.

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Equinor shares rise as profit beats forecast

Natural Gas World 27 Oct 2023

The company booked net impairments of $971 million including a $300 million impairment on offshore wind projects in the United States after local ... It also made impairments in Norway, related to reduced reserves at an offshore field and at its refining unit due to weaker margins.

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US identifies new offshore wind area in Gulf of Maine

Splash24/7 20 Oct 2023

... acres offshore Maine, Massachusetts, and New Hampshire ... BOEM also met with and incorporated feedback from Tribes, fishers, and the public to refine the model and inform the potential offshore locations that appear most suitable for floating offshore wind energy development.

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Venezuela's bonds rally after US trading ban lifted

Reuters 19 Oct 2023

Prices more than doubled for some bonds, with at 2018 Venezuela issue <VE013635706=> up 8.75 cents to 17 cents, while a 2020 note of state oil company PDVSA was up 13 cents at 66.5 ... decision not to block the potential seizure by creditors of shares in Venezuela's most important offshore asset, oil refiner Citgo Petroleum ... The U.S ... Top U.S.

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OEG Energy seals $140m in fresh funds to support renewables growth plans

Splash24/7 16 Oct 2023

Aberdeen-based offshore contractor OEG Energy has raised $140m of new committed financing to pursue its expansion into the renewables sector. OEG has been expanding its renewables unit and is supporting some of the largest offshore companies in the world to deliver major offshore energy projects.

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Poland’s Orlen secures licenses for five wind farms

Offshore Technology 09 Oct 2023

Poland’s Infrastructure Ministry on Tuesday gave final approval to Polish oil refiner Orlen for licences to build five offshore wind farm development sites in the Baltic Sea ... The Baltic Power project currently stands as the largest proposed offshore wind farm in Poland, with an expected capacity of 1.2GW.

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After BPCL, ONGC signs up HPCL for sale of oil from Mumbai offshore fields

Financial Express 24 Sep 2023

State-owned Oil and Natural Gas Corporation (ONGC) has signed an agreement to sell crude oil it produces from Mumbai offshore fields to HPCL – the second such agreement in as many months, as India’s top oil and gas producer prefers term contracts over auctions where refiners hammer deep discounts.

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Bahri and Saudi Ports Authority ink sustainability agreements

Seatrade Maritime News 21 Sep 2023

The first deal was signed between shipping and logistics company Bahri and SAIL, a subsidiary of Saudi Investment Recycling Company (SIRC) ... Related ... The Kingdom’s increasing role as an exporter of refined product, and the strong resurgence in the offshore market was heavily discussed from this platform ... TAGS ... .