oil-gas
14 February 2025
Energypedia Newsoil-gas
Feb 14, 2025Energypedia News
In 2024, the Nordex Group signed service agreements for 227 new wind energy projects totaling 8,500 MW worldwide. All contracts were long-term Premium Service contracts totaling more than 1,500 turbines. Also expiring existing contracts for 800 turbines totaling 2,150 MW were extended. This corresponds to a renewable rate of more than 85%.
In Germany the Nordex Group once again took the top spot in the service satisfaction survey conducted by the German Wind Energy Association (BWE) among its members: The Nordex Group was rated with 2.09 points (2023: 2.35) (1=excellent, 6=unsatisfactory) ahead of all its other peers for the fourth time in a row.
The now published survey results show that the Central region’s service of the Nordex Group has improved further in its core market Germany. All topics queried in the Survey were rated 2024 better than in 2023. In particular, the quality of the work carried out and the accessibility of the service teams were given the best values by the customers. In 2024, 407 turbines were evaluated, a significant increase compared to the years before that has bolstered the statistical robustness of the Nordex results.
'The increased participation rate in the survey highlights the growing engagement and satisfaction among our clients with the Nordex Group’s service. The feedback from this survey is invaluable as it not only reaffirms our current strategies but also guides our future initiatives', says Volker Bartolles, Director of Service Germany at the Nordex Group.
About the Nordex Group
The Group has installed more than 53 GW of wind power capacity in over 40 markets in its corporate history and generated consolidated sales of around EUR 6.5 billion in 2023. The Company currently has more than 10,200 employees, and the Group’s manufacturing network includes factories in Germany, Spain, Brazil, India, USA and Mexico. Nordex’ product portfolio is currently focused on onshore turbines in the 4 to 6 MW+ classes that are designed to meet the market requirements of countries with limited space availability and regions with constrained grid capacity.
Original announcement link
Source: Nordex Group
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Boem Proposes Oil, Gas Lease Sale For 80 Million Acres In Gulf(WO) — The Bureau of Ocean Energy Management (BOEM) has published a Proposed Notice of Sale (PNOS) for Lease Sale 262, the first of three offshore auctions in the Gulf of America under the 2024–29 Outer Continental Shelf Leasing Program.
The sale would offer about 15,000 unleased blocks—roughly 80 million acres—located 3 to 231 miles offshore in water depths from 9 ft to more than 11,100 ft.
“Offshore oil and gas play a vital role in our nation's energy portfolio, with the Gulf of America supplying 14 percent of domestically produced oil,” said Matt Giacona, BOEM’s principal deputy director. “This proposed lease sale demonstrates BOEM’s commitment to advancing American Energy Dominance and fostering the production of affordable, reliable energy resources for the nation.”
BOEM estimates the broader Gulf outer continental shelf holds about 48 billion barrels of undiscovered oil and 141 Tcf of natural gas. Leases awarded through Sale 262 would be limited to exploration and development; areas withdrawn by a 2020 presidential order, portions near the Eastern Gap and the Flower Garden Banks National Marine Sanctuary remain off-limits.
To encourage industry interest, the agency is proposing a 16 ⅔ percent royalty rate for both shallow- and deepwater tracts, the lowest deepwater rate since 2007. “To support robust industry participation, lower production costs, and unleash the full potential of the Gulf of America’s offshore energy reserves, BOEM is proposing a royalty rate of 16 ⅔ percent for both shallow and deepwater leases—the lowest rate for deepwater since 2007,” said Laura Robbins, acting regional director for the Gulf.
The PNOS appears in the Federal Register on June 27, opening a 60-day comment period for Gulf-state governors and local governments. BOEM expects to issue a Final Notice of Sale at least 30 days before the scheduled bid reading, now targeted for Dec. 10, 2025, which will be livestreamed.
World Oil
oil-gas
26 June 20252 min readBoem Proposes Oil, Gas Lease Sale For 80 Million Acres In Gulf
World Oil
26 June 2025
oil-gas
Equinor, Partners Greenlight $2 Billion Investment In North Sea Oil And Gas ProjectEquinor and its Fram partners will invest more than $2 billion (NOK 21 billion) in a new subsea development. The plan for development and operation was today submitted to the Minister of Energy, Terje Aasland.Â
"Fram Sør will contribute to security of energy supply from the Norwegian continental shelf (NCS) to Europe," said Geir Tungesvik, Equinor's executive vice president, Projects, Drilling & Procurement. "The development will put new oil and gas resources on stream by connecting new infrastructure to existing facilities that provide good and robust profitability. With the host platform Troll C being powered from shore, the production from Fram Sør will have very low emissions. The project will generate activity for the Norwegian supply industry, with an estimated employment effect of 4,500 full-time equivalents (FTEs) during the development period,"
The Fram Sør project is a combined development of several discoveries that will export oil and gas via Troll C. Recoverable volumes are estimated at 116 MMboe, 75% of which is oil and 25% is gas. Production is scheduled to start at the end of 2029.
Equinor holds 45% interest in Fram, along with partners VĂĄr Energi ASA (40% interest) and INPEX Idemitsu Norge AS (15% interest).
"We have done a thorough job maturing the new resources discovered in the Fram and Troll area in recent years," said Kjetil Hove, Equinor's executive vice president for Exploration & Production Norway. "Fram Sør shows the importance of area solutions and close collaboration between partners and authorities in order to realize the resource values on a mature NCS. We have a large portfolio of projects that will phase in discoveries to our producing fields. Equinor expects to put more than 50 such projects on stream by 2035."
In the autumn of 2019, Equinor and partners made a discovery of oil and gas in the Fram area of the North Sea. This discovery, called Echino South, supported the belief that more oil could be found, and contributed to nine discoveries made in the Troll-Fram area over a four-year period. In the spring of 2021, Equinor and partners made the Blasto discovery. Together with two smaller discoveries in previous years, Echino South and Blasto form the basis for Fram Sør.
The field development is also technologically groundbreaking, Equinor stated. As the first on the NCS, Fram Sør will use all-electric Christmas trees that eliminate the need for hydraulic fluid supplied from the platform and improve monitoring capabilities of the subsea equipment. It is an efficient and reliable system for operating subsea Christmas trees, as well as reducing the risk of environmental impact.
World Oil
oil-gas
26 June 20253 min readEquinor, Partners Greenlight $2 Billion Investment In North Sea Oil And Gas Project
World Oil
26 June 2025
oil-gas
Intensity, Rainbow Energy To Build 344-Mile Gas Pipeline Across North Dakota(P&GJ) — Intensity Infrastructure Partners and Rainbow Energy Center have announced a joint venture to build a new natural gas pipeline spanning from the Bakken region in western North Dakota to the eastern part of the state, a move aimed at boosting in-state resource use and reducing flaring.
The planned pipeline will increase takeaway capacity for associated natural gas in the Williston Basin, enabling greater in-state processing and delivery while supporting oil production growth and boosting state tax revenues.
RELATED: North Dakota’s Bakken Basin Set for Midstream Comeback, Experts Say
“This project represents a long-term investment in North Dakota’s energy future,” said Stacy Tschider, CEO of Rainbow Energy Center. “A pipeline of this size directly supports the state’s goals to grow all energy production responsibly while capturing greater economic value for our citizens.”
The 344-mile project will be constructed in two phases:
The target in-service date is July 2029, with potential acceleration based on market interest and permitting.
“We’re excited to work with Rainbow to enhance the state’s ability to monetize its natural gas resources locally,” said Joseph Griffin, CEO of Intensity. “The state has been seeking a project of this size with a customer like Rainbow for nearly a decade.”
Continental Resources Vice Chairman Jeff Hume added, “This marks a major milestone in strengthening North Dakota’s energy infrastructure.”
The pipeline will also reserve capacity for future, unannounced projects along its route, allowing for expansion as demand grows.
Pipeline Gas Journal
oil-gas
26 June 20252 min readIntensity, Rainbow Energy To Build 344-Mile Gas Pipeline Across North Dakota
Pipeline Gas Journal
26 June 2025
oil-gas
Boem Looks To Open 80 Million Acres For Oil And Gas Lease SaleThe Bureau of Ocean Energy Management announced the publication of a Proposed Notice of Sale (PNOS) for an oil and gas lease sale in the Gulf of America.
As directed by Secretary of the Interior and outlined in the PNOS,Lease Sale 262 will offer approximately 15,000 unleased blocks located 3 to 231 miles offshore across the Gulf’s Western, Central, and Eastern Planning Areas.Covering roughly 80 million acres, these blocks are situated in water depths ranging from 9 feet to more than 11,100 feet (3 to 3,400 meters).
This sale is the first of three planned lease sales in the Gulf of America under the 2024–2029 Outer Continental Shelf Oil and Gas Leasing Program. BOEM is also in the process of developing a new National Outer Continental Shelf Oil and Gas Leasing Program that will include additional leasing opportunities.
"Offshore oil and gas play a vital role in our nation's energy portfolio, with the Gulf of America supplying 14% of domestically produced oil," saidBOEM’s Principal Deputy Director Matt Giacona. "This proposed lease sale demonstrates BOEM’s commitment to advancing American Energy Dominance and fostering the production of affordable, reliable energy resources for the nation.”
The Gulf of America Outer Continental Shelf spans approximately 160 million acres and is estimated to contain around 48 billion barrels of undiscovered, recoverable oil and 141 trillion cubic feet of natural gas.
Leases awarded through Lease Sale 262 will be for oil and gas exploration and development only. Certain areas may be excluded from this lease sale, including blocks subject to the Sept. 8, 2020, presidential withdrawal, blocks adjacent to or beyond the U.S. Exclusive Economic Zone in the northern portion of the Eastern Gap, and blocks within the current boundaries of the Flower Garden Banks National Marine Sanctuary.
"To support robust industry participation, lower production costs, and unleash the full potential of the Gulf of America’s offshore energy reserves, BOEM is proposing a royalty rate of 16 ⅔ percent for both shallow and deepwater leases—the lowest rate for deepwater since 2007,” saidBOEM’s Acting Regional Director for the GOA Laura Robbins.
The Notice of Availability for the PNOS will be available for public inspection in the Federal Register on June 26, 2025, and will officially be published on June 27, 2025.
The publication of the PNOS will initiate a 60-day comment period for the affected state governors and local governments. Following the comment period, BOEM will issue a Final Notice of Sale in the Federal Register at least 30 days before the scheduled public bid reading, which will be live streamed via Zoom. The lease sale bid reading is proposed for December 10, 2025.
More information, including the PNOS package and a detailed map of the proposed lease sale area, is available here.
Offshore Engineer
oil-gas
25 June 20253 min readBoem Looks To Open 80 Million Acres For Oil And Gas Lease Sale
Offshore Engineer
25 June 2025
oil-gas
Egypt Offers 26,500 Sq Km For Gas ExplorationEgypt is offering 12 gas exploration sites to potential investors as it aims to increase its reserves and ease reliance on imports.
The sites, announced on the Oil Ministry’s bidding portal, have a total area of 26,500 square kilometres. Five of the 12 are offshore blocks in the Mediterranean with a combined area of about 13,000 square kilometres.
The other seven are onshore blocks mostly in the north and northeast of Egypt, with a combined area of 13,500 square kilometres,
All 12 blocks are open for investment by foreign companies as part of the latest concession licensing round, the ministry said.
The gas exploration blocks are offered by the state-owned Egyptian Natural Gas Holding Company.
Egypt has launched a hydrocarbon investment programme to increase its oil and gas deposits and reverse a decline following excessive production.
The Kuwait-based Organisation of Arab Petroleum Exporting Countries said in a recent report that Egypt’s gas production had steadily declined over the past few years to reach around 57 billion cubic metres in 2023. It was 64 billion in 2022 and a peak of 67 billion in 2021.
The decline is expected to have continued in 2024, the organisation said.
Egypt’s gas shortages are likely to worsen as Israel halts supplies during its conflict with Iran, according to the National Bank of Kuwait. The bank said last week that Egyptians could face lengthy blackouts this summer.
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Arabian Gulf Business Insight
oil-gas
24 June 20252 min readEgypt Offers 26,500 Sq Km For Gas Exploration
Arabian Gulf Business Insight
24 June 2025
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Usgs: 29 Billion Barrels Of Oil, 392 Tcf Gas Lurk Under U.S. Public Lands(P&GJ) — A new report from the U.S. Geological Survey (USGS) estimates that federally managed onshore public lands in the United States contain 29.4 billion barrels of undiscovered oil and 391.6 trillion cubic feet (Tcf) of natural gas that are technically recoverable.
If developed, those volumes would be enough to supply U.S. oil demand for about four years and natural gas needs for nearly 12 years, according to current consumption rates.
The assessment covers public lands managed by the Departments of Agriculture, Defense, Energy, and Interior, as well as the Tennessee Valley Authority. It reflects a dramatic increase from the USGS’s last estimate in 1998, which put the figures at 7.86 billion barrels of oil and 201.1 Tcf of gas.
The difference isn’t due to changes underground, but rather to advances in energy extraction technology and a broader inclusion of unconventional resources such as shale oil, tight oil and gas, and coalbed methane—resources typically produced through hydraulic fracturing.
“The USGS assesses the potential for energy resources where science tells us there may be a resource that hasn’t been discovered yet,” said Sarah Ryker, acting director of the USGS. “In this report, we leveraged our extensive existing data to estimate oil and gas resources on federally managed public lands. We expect these estimates to be useful for state and national land management, energy futures analysis, and economic development planning.”
The agency based the estimates on 579 previously published assessment units across 69 geologic provinces. Resource estimates were then allocated to public lands proportionally based on how much public acreage fell within each assessment unit.
Pipeline Gas Journal
oil-gas
23 June 20252 min readUsgs: 29 Billion Barrels Of Oil, 392 Tcf Gas Lurk Under U.S. Public Lands
Pipeline Gas Journal
23 June 2025
oil-gas
Centuri Secures Major Midwest Gas Utility Contract In $575 Million Deal(P&GJ) — Centuri Holdings has secured more than $575 million in infrastructure contract awards across the United States, with a significant portion tied to natural gas utility work in the Midwest.
The company’s recent wins include a multi-year contract renewal with a long-standing natural gas utility customer for gas distribution, transmission, and storage services. Additional awards cover the construction and rebuild of transmission lines, including a 115-kV line in the East and a 345-kV, 28-mile line in the West.
The new projects build on $350 million in awards previously announced in May 2025.
“Securing this key contract renewal along with meaningful new project awards is a testament to the reputation our teams have built for quality, safety, and skilled craftsmanship,” said Centuri President and CEO Christian Brown. “It not only reaffirms the trust our partners place in us but illustrates the fruitful results of our focus on business development and high-quality service delivery.”
Centuri provides utility infrastructure services for electric and gas operations across North America.
Pipeline Gas Journal
oil-gas
23 June 20251 min readCenturi Secures Major Midwest Gas Utility Contract In $575 Million Deal
Pipeline Gas Journal
23 June 2025
oil-gas
Underground Refinery Busted In Mexico With Half A Million Liters Of Crude(Reuters) — Mexican authorities this week discovered a clandestine mini-refinery in the eastern state of Veracruz, along with half a million barrels of crude oil they suspect were stolen from the country's pipelines.
The government has sought to clamp down on theft of crude oil and refined products as well as illegal imports, known as huachicol, a practice that generates substantial losses for state energy company Pemex and the government.
Authorities have previously linked organized crime and Pemex employees to the illegal trade.
Reuters was unable to contact the owners of the clandestine refinery.
Security Minister Omar Garcia Harfuch said on Wednesday on X that during intelligence actions and overflights, "a clandestine operation was identified."
It produced artisan or alternative diesel, light naphtha or solvents, and treated oils or light fuel oil, he said, all without the proper permits in operations that posed a risk to local ecosystems.
Authorities discovered 500,000 liters of crude oil as well as production infrastructure that fed the country's illicit fuel market.
A Pemex source said that although the discovery was not significant in terms of the volume, it highlighted the impunity with which criminals operate freely in the country, as well as the extensive network of complicity between various sectors.
Separately, authorities also discovered 1.2 million liters of hydrocarbons, fuel trucks and containers in the northern state of Nuevo Leon.
In late May, authorities also recovered more than 3 million liters of hydrocarbon products in the southeast of the country.
Pipeline Gas Journal
oil-gas
20 June 20252 min readUnderground Refinery Busted In Mexico With Half A Million Liters Of Crude
Pipeline Gas Journal
20 June 2025
oil-gas
Vtb To Allocate > $10 B For Ust-Luga Gas Processing Complex ProjectVTB will allocate 800 billion rubles (> $10 B) over several years to finance the project to build a complex for processing ethane-containing gas in Ust-Luga in the Leningrad region, the bank's head Andrei Kostin told journalists.
VTB's first deputy chairman, Dmitry Pyanov, told Interfax that the plan was to disburse the first 300 billion rubles this year and another 500 billion rubles next year.
"There are market conditions. It will not bring losses," Kostin said.
VTB plans to obtain a subordinated deposit of 200 billion rubles from the National Wealth Fund for the project.
The construction operator for the Ust-Luga facility is RusChemAlliance, a company equally owned by PJSC Gazprom and JSC RGD. The complex will become Russia's largest gas processing plant and the world's second largest facility by capacity. Its annual processing capacity will reach approximately 45 billion cubic meters of gas. The total investment project cost, including VAT and operational cash flow during the investment phase, is nearly 5 trillion rubles at nominal prices.
Gas Processing and LNG
oil-gas
20 June 20251 min readVtb To Allocate > $10 B For Ust-Luga Gas Processing Complex Project
Gas Processing and LNG
20 June 2025
oil-gas
3T Secures Contract With Oil India For Advanced Simulator Technology3t Drilling Systems secured a contract from Oil India Ltd to provide advanced simulator technology to aid and enhance its workforce training. 3t will deliver its DrillSIM:5000 Classic and Cyber models as part of a five-year partnership for the systems, and is set for installation in Q3 of 2025.
The DrillSIM:5000 Classic provides hands-on experience in handling well control situations and dealing with equipment malfunction. The DrillSIM:5000 Cyber provides drilling and well control simulation in the simulated environment of a modern rig with joystick controls.
Both simple and complex tasks and scenarios can be recreated to verify skills and competency in real-world situations and will be delivered to the Oil India Limited in partnership with 3t Drilling Systems’ in-country partner, Siam Services India.
Drilling Contractor
oil-gas
19 June 20251 min read3T Secures Contract With Oil India For Advanced Simulator Technology
Drilling Contractor
19 June 2025
oil-gas
Oman Awards $272M Gas Pipeline ProjectOman’s state-owned OQ Gas Networks (OQGN) has awarded the construction of a $272 million gas pipeline project to Egypt’s Petroleum Projects Company Petrojet and Partners.
The 193km pipeline will start from the Fahud field in central Oman and terminate in the northern industrial city of Sohar, OQGN said in a disclosure made in the Muscat Security Market, adding that the project will take 24 months to complete.Â
Fahud was one of Oman’s biggest oil and gas fields discovered in 1963, operated by state-controlled Petroleum Development Oman.Â
Sohar Freezone is home to Oman’s largest port and industrial complex, with a capacity of handling about 60 million tons of cargo. It boasts well-developed industrial activities in the petrochemicals, metals and energy sectors.Â
“The pipeline will meet the increasing gas demand at the Sohar Freezone’s projects,” OQGN said in a statement.Â
OQGN owns and operates the Gulf state’s 4,000km long gas pipeline grid. The company is among several subsidiaries indirectly owned by the sovereign Oman Investment Authority, possibly candidates for full or partial privatisation through listings on the Muscat stock exchange.
Listed on the Muscat stock exchange in October 2023, OQGN last year secured $1.2 billion in financing through agreements with 16 local and regional banks to support its operations and refinancing initiatives.
OQGN is trading at around OR0.16 ($0.41) and while its share price has fluctuated due to rising geopolitical tensions in the region as a result of the Israel-Iran conflict, it is still up by about 20 percent year to date.
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Arabian Gulf Business Insight
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19 June 20252 min readOman Awards $272M Gas Pipeline Project
Arabian Gulf Business Insight
19 June 2025
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U.S. Senate Bill Proposes $1 Billion Tax Break For Oil And Gas Producers(Bloomberg) – Senate Republicans included a tax break estimated to be worth more than $1 billion for oil and gas producers in their version of President Donald Trump’s sprawling fiscal package.Â
The provision would allow energy companies subject to a 15% corporate alternative minimum tax to deduct certain drilling costs when calculating their taxable income. Companies including ConocoPhillips, Ovintiv Inc. and Civitas Resources, Inc. lobbied in favor of it.
The change was included in the legislation released Monday by Republicans on the Senate tax writing committee, which would slash tax credits for wind, solar, electric vehicles and hydrogen.Â
The tax break for drilling costs is nearly identical to a bill by Republican Senator James Lankford. His home state of Oklahoma is among the top oil and gas producing states. Â
Lankford’s bill, called the Promoting Domestic Energy Production Act, would cost the U.S. government $1.1 billion over 10 years, according to the non-profit Tax Foundation, which cited an estimate from the non-partisan Joint Committee on Taxation.Â
A representative for Lankford declined to comment.Â
Earlier this year, Lankford told told CNBC that his bill was necessary to prevent independent oil and gas producers from being squeezed by the Corporate Alternative Minimum Tax, enacted under former President Joe Biden to prevent corporations from using deductions and credits to pay little or no taxes.
“If we can’t get rid of that entirely we at least need to give some relief to those folks who are independent producers,” Lankford said. “We need to be able to get some relief to them so they’re not constantly worried about it.”
Some Democratic lawmakers, along with environmental and watch dog groups including Friends of the Earth and Public Citizen, criticized the Senate bill as a giveaway to fossil fuel companies.Â
“There is a giant give away to the oil industry tucked right into this bill,” said Senator Elizabeth Warren, a Massachusetts Democrat. “They are going to get a special get out of paying your taxes free.”
Other supporters of the measure, which wasn’t included in the House version of the bill, include the Domestic Energy Producers Alliance, founded by oil billionaire and Trump donor Harold Hamm.Â
It was also backed by the American Exploration & Production Council, which represents independent oil and gas producers including Oklahoma City-based Devon Energy Corp.
“America and the world need affordable, reliable energy – and this common-sense legislation will enable domestic producers to more quickly invest in production and meet this critical need,” said Anne Bradbury, the group’s chief executive officer.
World Oil
oil-gas
18 June 20253 min readU.S. Senate Bill Proposes $1 Billion Tax Break For Oil And Gas Producers
World Oil
18 June 2025
oil-gas