In 2022, U.S. crude oil exports averaged 3.6 MMbpd, a record high according to export data that has been collected since 1920. U.S. crude oil exports in 2022 were 22% (640,000 bpd) higher than in 2021. Increased U.S. crude oil production, releases from the U.S. Strategic Petroleum Reserve, and more global demand for crude oil from countries other t...

(WO) — Vattenfall has appointed Havfram Wind as its preferred supplier for the installation of offshore wind turbines for Vattenfall’s Norfolk projects in the United Kingdom. The agreement covers transport and installation works over a period of 3 years, utilizing one of Havfram Wind`s newbuild NG20000X Jack-Up Wind Turbine Installation Vessels...

(WO) — Optime Subsea’s electric subsea controls and intervention light system (eSCILS) has successfully completed its first operation for Aker BP at the Alvheim field on the Norwegian Continental Shelf. The eSCILS was deployed during a completion operation for two production wells at the Alvheim field. The eSCILS, ordered by Aker BP, were...

(Bloomberg) – Shell Plc investors are showing more interest in energy security in the wake of the crisis triggered by Russia’s invasion of Ukraine, according to Chief Financial Officer Sinead Gorman. New Chief Executive Officer Wael Sawan is preparing to lay out Shell’s strategy at a capital markets day event in June, which could see th...

South Africa has great aspirations for its energy industry: Not only has the country committed to significant decreases in carbon emissions, but it is also intent on creating a thriving green economy that creates jobs and business opportunities throughout the country. And with great ambitions come a great price tag, in this case, an estimated...

(WO) – A new initiative has been launched which will help UK offshore companies respond more effectively in the event of an oil spill. Developed in collaboration with Oil Spill Response Limited (OSRL), OEUK has worked with its members to create the UK Mutual Aid Framework Agreement (UK MAFA) which aims to facilitate mutual aid of personnel...

(WO) – EV, a provider in downhole visual analytics, introduced its new ClearVision technology. ClearVision is the world’s only integrated array video and phased array ultrasound scanning tool.  Simultaneous capture of Array Video (left) & Phased Array Ultrasound (right) for a single cluster- perfs 4 & 5 missed by ultrasound ClearVision co...