Synergy Plus Solutions

https://www.offshore-energy.biz/kbr-wins-epc-contract-for-pluto-lng-project/

KBR wins EPC contract for Pluto LNG project KBR has been awarded an EPC management contract by Woodside Energy, as operator for and on behalf of the Pluto Joint Venture.

Johan Castberg FPSO still on track for first oil next year but cost estimate jumps to $7.4 billion Equinor has revised the cost estimate for its Johan Castberg project in the Barents Sea due to the rise in cost within the industry.

California sues world's largest oil companies, alleging they caused billions of dollars in damages The lawsuit alleges the companies misled the public by minimising the risks from fossil fuels.

And the debate continues.....

OPEC Slams The IEA Over Peak Fossil Fuel Demand Claims | OilPrice.com OPEC has hit back at the IEA’s claims that peak demand for coal, natural gas, and oil is nearing, describing the claims as extremely risky.

Inpex accelerates timeline at major liquefied natural gas projects Japanese operator eyeing expansion of Australian LNG facility: S&P Global

Finalised: Raft of awards for $7.2 billion ultra-deepwater project Woodside Energy lines up key contractors after regulatory approval for Trion oil development offshore Mexico

Woodside, Chevron say WA faces gas supply crunch as scientists warn of 'climate time bomb' Government and industry say gas is needed to fill the gaps as the state transitions to renewables, as climate scientists push for "smart and clean" over "dumb and dirty".

Construction of BW Offshore’s Australia-bound FPSO remains on track BW Offshore is continuing to make progress on the construction of an FPSO, which is destined to work on a gas field offshore Australia.

Bloomberg Predicts Peak Oil Demand In 2027 | OilPrice.com Bloomberg predicts that global demand for road fuel will peak in 2027 due to the rise of electric vehicles, improved fuel efficiency, and shared mobility, signaling an impending decline for the oil industry.

Money Manager Sees $120 Oil Surprising Bears | OilPrice.com Crude oil prices could be on track to hit $100 and even $120 per barrel, which calls for aggressive buying moves into the oil market now according to fund manager Cole Smead

https://oilprice.com/Energy/Crude-Oil/Standard-Chartered-All-Time-High-Demand-Will-Push-Oil-To-100.amp.html

Standard Chartered: All-Time-High Demand Will Push Oil To $100 | OilPrice.com Standard Chartered analysts say that highly effective producer output restraint, led by Saudi Arabia, will create the conditions for a price rally

Santos progresses 10 million tpa offshore CCS project via tie-up with Timor-Leste national oil company Bayu-Undan carbon capture and storage scheme targeting FID in 2025

Japanese engineering giant lands Australia hydrogen prize JGC termed the award as its first EPC project with proton exchange membrane electrolysers

https://amp.theguardian.com/environment/2023/jul/13/australias-biggest-contribution-to-climate-change-50-year-extension-woodside-burrup-fossil-fuels-lng-wa

Woodside LNG: Australia’s ‘biggest’ contribution to climate crisis a step closer to 50-year extension WA EPA dismisses most grounds of appeal against extension of operation licence for gas processing facility in the Pilbara

https://www.offshore-energy.biz/stamp-of-approval-for-huge-oil-field-development-plan-lays-the-foundation-for-4-5-billion-investment/

Stamp of approval for huge oil field development plan lays the foundation for $4.5 billion investment Mexico’s regulator has greenlighted a unit development plan (UDP), which Pemex submitted for a giant oil field offshore Mexico.

Top End electricity supply to continue to rely on emergency gas Supply issues at an offshore gas field force the government-owned electricity provider to rely on emergency gas deals with LNG exporters to keep generators running.

https://oilprice.com/Energy/Crude-Oil/Small-Oil-Moves-In-Where-Big-Oil-Moves-Out.html

Small Oil Moves In Where Big Oil Moves Out | OilPrice.com With oil majors increasingly focusing on low-cost, high-return assets in core areas, smaller players are filling the gap they have left

https://oilprice.com/Energy/Crude-Oil/Goldman-Sachs-Oil-Markets-To-Face-Supply-Crisis-In-2024.amp.html

Goldman Sachs: Oil Markets To Face Supply Crisis In 2024 | OilPrice.com Despite the current negative sentiment in oil markets, Goldman Sachs expects oil prices to rise on the back of a growing supply deficit

https://www.abc.net.au/news/2023-05-16/no-green-energy-transition-without-gas-says-south-australia/102351232

'No transition without gas': Renewable energy leader South Australia defends fossil fuel South Australia's energy minister launches defence of gas industry, saying his state's global leadership in the switch to green power would not be possible without the fuel.

https://www.offshore-energy.biz/modecs-guyana-bound-fpso-destined-for-exxonmobils-fifth-oil-project-goes-to-epci-stage/

MODEC’s Guyana-bound FPSO destined for ExxonMobil’s fifth oil project goes to EPCI stage MODEC is moving to the engineering, procurement, construction, and installation (EPCI) phase for ExxonMobil’s FPSO destined to work in Guyana.

https://www.abc.net.au/news/2023-05-08/the-gas-industry-is-being-hit-with-jacked-up-taxes-changes/102318882

The government is jacking up taxes on the gas industry. What's set to change, and how much money will it bring in? Tuesday's federal budget will include changes to a key tax levied on gas exporters, aimed at bringing billions in additional revenue to the budget over the next few years. But some say it still falls too far short.

https://www.offshore-energy.biz/shell-exiting-australias-largest-untapped-conventional-gas-resource-project-as-bp-boosts-its-stake/

Shell exiting Australia's ‘largest untapped conventional gas resource’ project as BP boosts its stake BP is in the process of enlarging its interest in a natural gas project offshore Australia while Shell is heading for the exit.

https://oilprice.com/Latest-Energy-News/World-News/Chevrons-Venezuelan-Oil-Export-Hopes-Hit-Snag.html

Chevron’s Venezuelan Oil Export Hopes Hit Snag | OilPrice.com Chevron’s plans to boost its oil exports from Venezuela have hit a snag as the country is unable to bear the cost of dredging a key oil export inlet.

https://oilprice.com/Energy/Crude-Oil/Top-10-Countries-With-Largest-Oil-Reserves.html

Top 10 Countries With Largest Oil Reserves | OilPrice.com The list of countries with the largest proven oil reserves yields a few surprises, and some of the largest producers do not have major reserves

Rig workers evacuated following issue on Noble jack-up Noble Corporation has evacuated all rig personnel after an issue was found on one of the legs of a Noble Corporation-owned jack-up rig.

Santos loses landmark legal battle in traditional owner's fight against Barossa gas project off Darwin Gas company Santos has lost its appeal against the decision that overturned approvals for its $4.7 billion gas project underway in waters off the Tiwi Islands.

https://www.offshore-energy.biz/transocean-rig-to-drill-17-wells-for-two-oil-and-gas-operators/

Transocean rig to drill 17 wells for two oil and gas operators Two oil and gas companies, OMV and Wintershall Dea, have awarded a drilling contract to Transocean to drill 17 wells in Norway.

China cripples Australia’s AdBlue supply. Hit back with gas. Late last year, the Chinese Government banned the export of urea, a naturally occurring chemical component that is used in both fertiliser and as a vital anti-pollution additive for diesel fuel named AdBlue. At the time, around 80% of Australia’s urea had been imported from China, which has the wo...

https://oilprice-com.cdn.ampproject.org/v/s/oilprice.com/Energy/Crude-Oil/Offshore-Oil-And-Gas-Set-For-Robust-Growth.amp.html?amp_gsa=1&_js_v=a9&usqp=mq331AQIKAGwASCAAgM%3D =From%20%251%24s&aoh=16623700724804&csi=0&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Foilprice.com%2FEnergy%2FCrude-Oil%2FOffshore-Oil-And-Gas-Set-For-Robust-Growth.html

Offshore Oil And Gas Set For Robust Growth | OilPrice.com Offshore oil and gas is set for rapid growth through 2026 as a result of lower breakeven costs, robust demand and strong returns

https://www.watoday.com.au/business/companies/santos-restricts-drilling-its-5b-barossa-project-until-court-approval-20220826-p5bd3a.html

Santos restricts drilling its $5b Barossa project until court approval Santos has agreed not to drill into its Barossa gas field until the Federal Court that has heard a case against the project reconvenes to deliver a verdict or consider more delays.