Author: Rigs & Barge World
Coterra Energy’s Row Development Strategy: Enhancing Efficiency and Profitability in the Permian Basin – Oil Gas Leads Sign-up to receive a free weekly rig report CLOSE Source link
ALBUQUERQUE, N.M., March 26, 2025 /PRNewswire/ — TNMP, the wholly-owned Texas subsidiary of TXNM Energy, Inc. (NYSE: TXNM) received approval from the Public Utility Commission of Texas (PUCT) for its recent Transmission Cost of Service (TCOS) application.On March 25, 2025, the Public Utility Commission of Texas (PUCT) approved TNMP’s Application for Interim Update of Wholesale Transmission Rates through a TCOS filing. The approved annual rate increase of $11.5 million recovers $83.5 million of incremental transmission rate base. The associated rates became effective upon approval.The filing can be found at https://www.txnmenergy.com/investors/rates-and-filings/tnmp-puct-filings.aspx.Background:TXNM Energy (NYSE: TXNM), an energy holding company based in Albuquerque, New…
The CEOs of Vitol, Trafigura and Gunvor are in no hurry to return to a country they withdrew from after the Ukraine invasion. Source link
The EU continues to be in a difficult position to access sufficient supplies ahead of the upcoming new LNG supply wave and diversify its suppliers to reinforce its security of supplies. However, the bloc remains precariously close to repeat its past mistakes, as it does not have many viable supply options available. Source link
An Equinor subsidiary has entered an agreement with MODEC for an FPSO to produce the field cluster of Pao de Acucar, Seat, and Gavea in the Campos basin, offshore Brazil. Equinor Brasil Energia Ltd., a subsidiary of Equinor ASA, has entered an agreement with MODEC Inc. for a floating, production, storage, and offloading (FPSO) vessel to produce the field cluster of Pao de Acucar, Seat, and Gavea in Block BM-C-33 in the Campos basin, offshore Brazil. The company recently sanctioned project development (OGJ Online, May 8, 2023). The FPSO will deploy in the presalt at the southern part of the…
Oil India Ltd. has started long-term exploration offshore India with the arrival of the Blackford Dolphin deepwater semisubmersible rig. The Dolphin Drilling AS rig arrived in Indian waters in October and has since completed customs clearance and client acceptance. Indian offshore drilling contractor Dynamic Drilling will perform drilling operations on the rig. The rig contract spans a firm three-well drilling campaign over 14 months with a firm value of $154 million for the rig and associated services, plus an optional period for 7 months (OGJ Online Mar. 19, 2024).
Seatrium Letourneau USA (SLET), a subsidiary of the Singapore-headquartered provider of offshore, marine, and energy solutions Seatrium, has joined forces with India’s government-owned Cochin Shipyard Limited (CSL) to bring to life mobile offshore drilling units (MODUs), which will be designed specifically to meet the needs of the Indian offshore market. To make this happen, Seatrium and Cochin have entered into a memorandum of understanding (MoU) to jointly design and supply critical equipment for jack-up rigs destined for the Indian market by leveraging the letter’s experience in ship construction and engineering and the former’s technical expertise and design capabilities. “This collaboration…
The Indian government said it has ₹2 trillion (around $23.8 billion) allocated to expand domestic shipbuilding capabilities, breathe new life into the country’s maritime industry and position India among the top five shipbuilding nations by 2047. As informed, this latest effort aligns with the “Maritime India Vision 2030” and the “Maritime Amrit Kaal Vision 2047” strategies. Shipbuilding expansion and policy reforms According to the Ministry of Ports, Shipping and Waterways (MoPSW), expanding the nation’s capacity to build a larger number of vessels annually is the core focus of the initiative. To this end, India reportedly plans to use the financial resources to support the…
San Marine shipyard in Kakinada, India has launched two vessels, Sonalika and Sarovar, to support offshore drilling rigs working on India’s oilfields off the western coast These 34-m vessels have been classed by the Indian Register of Shipping (IRS) and are part of a four-vessel contract. Launched simultaneously in April 2024, they are equipped with technologies for handling and towing semi-submersible drilling rigs and have deck space for supplying oil and gas production platforms. “These vessels are the result of collaborative and diligent efforts, and we look forward to their continued success,” said IRS manager in charge of operations on the east coast…
Why We’ve Chosen VR for Oil Rig Training Oil rigs are complex and often hazardous environments. Traditional training methods, which involve on-site simulations or physical mock-ups, can be costly and challenging to manage. Here’s why VR is a perfect fit for our training programs: How VR Elevates Our Training Programs Here’s how our VR training enhances various aspects of oil rig operations: Courses to Get a Job in Oil Rigs We’re proud to offer the Diploma in Oil and Gas Drilling Technology with VR Integration at Arrow Wings Academy. This course provides a unique combination of theoretical knowledge and practical VR training,…