BlueNord ASA’s Post

19-November-2024, Volume 1, Issue 120 (Europe) Totsa just can’t get enough. The French grabbed three more cargoes in this afternoon’s North Sea window! And all that after accumulating 13 convergences in Dubai so far this month. There’s no sating the French appetite. In today’s North Sea window, Totsa took a 10-14 Dec Midland from Unipec at Dated +$2.10, a 9-11 Dec Forties from BP at $1.15 over Dated and put Equinor out of its misery, lifting an 11-13 Dec JS once the Norwegians had lowered it down to Dated -$2.35! Once that was lifted, Equinor immediately withdrew its 1-3 Dec and 6-8 Dec JS offers. By the way, the Johan Sverdrup field is still operating at only 2/3 capacity, and Equinor hasn’t a clue when it will be back to full operation. Totsa’s gluttony for crude meets Equinor’s desperation to get rid of it and makes for a match made in heaven. #OOTT #Derivatives

Disappointing news from the Argerich-1 exploration well offshore Argentina! The #Argerich exploration campaign hailed as a potential game-changer for #Argentina, faced a significant setback with the recent results. High hopes were pinned on this campaign due to the geologically prolific Atlantic margin region, renowned for its promising basin analog features and mirroring the immense potential seen on the African side of the Atlantic. The Argerich-1 well, a collaboration between #Equinor, state-controlled #YPF (35%), and #Shell (30%), aimed to unlock Argentina's #offshore hydrocarbon potential. This setback comes at a time when there's renewed interest in the region, with Argentina and #Uruguay looking to replicate the hydrocarbon successes seen in #Namibia. The Argerich-1 well could have been a positive starting point, paving the way for future offshore exploration. Despite this disappointment, the interest in Argentina’s offshore prospects remains strong. It will be fascinating to see how the offshore exploration scene in Argentina unfolds, as the industry adapts and continues to seek out new opportunities in the region. Stay tuned for more developments in this evolving landscape!

Pathways to achieving net zero pledges of the future start with robust and frank exchanges of views by industry leaders and subject matter experts…

Nice to see the installation taking place in such good weather. What strikes me is that only recently a look alike topside, same color, same size, maintained in excellent operational condition and specifically built for reuse, was scrapped because .... ? Is the Engineering - Oil and Gas Industry so complacent that it does not recognize an opportunity to reduce cost (CO2 - prime materials etc.) by an order of magnitude and achieve first oil / gas, 6 to 10 months ahead of schedule! Just joking, it is all about the no can do mindset. (pls note that 50% of platforms in Netherlands have been reused - some even twice🙂)

Heavy Lift - installing a platform

Petronas and YPF have signed more than a year ago a memorandum of understanding to build an LNG export terminal that will help boost the exports of the product in #Argentina. REDD has been closely following the details of this partnership, including the controversy around the location of the terminal. After President Javier Milei pressured to have the terminal built in the province of Rio Negro instead of Buenos Aires to avoid trading talks with his political enemy, Governor Axel Kiciloff, Petronas is rumored to be leaving the project. The Malasyan company is not satisfied with the course of action of YPF, which is welcoming other producers to be part of the terminal. Read more: https://hubs.la/Q02QZ1Kt0 Check out REDD's website for all the details of this new chapter involving the construction of the LNG terminal. https://hubs.la/Q02QZ2-K0 #LNG #ArgentinaEnergy #Petronas #YPF #EnergyPolitics

🚢 Did you know that advanced marine lubricants play a key role in enhancing the performance and sustainability of the global shipping industry? Chung Hawn Park, Deputy Regional Customer Operations and Services Manager - South Korea at TotalEnergies, shares how our high-performance lubricants help optimize engine efficiency and reduce emissions for vessels worldwide. 👉 This video is part of our "100 years, 100 faces” campaign, where we share the faces that continue to write TotalEnergies' history. 🤝 #Pioneersfor100years #MarineLubricants #Shipping

PART ONE: I sat down with SBM Offshore's newly appointed CEO, Oivind Tangen earlier this month in #georgetown, #guyana for a conversation on the company's #operations in the country. He spoke about the FPSOs in #operation and those under #construction, #localcontent #development, sustainability initiatives, and much more. Take a look at part one of the #conversation. View the full interview here: https://lnkd.in/ec9NrAXn

Topside (or topsides) refers to the above-water portions of an offshore oil rig, or any parts which are above the waterline. The structures that make up the topsides are typically modular, installed onto either a fixed or floating underwater structure. Did you know that Annex-U is mandatory when CSA W59 is selected for use as the Standard to govern welding of fixed steel offshore structures, designed and constructed in accordance with CAN/CSA-Z19902? #offshore #platforms #fabrication #metalstructure #w59 #csa

The celebration of Mobil 1’s 50th anniversary is a significant milestone for ExxonMobil and provides several insights into the brand’s legacy, reputation, and future direction. Here are some key insights and implications: Brand Legacy and Reputation • Synonymous with Quality: Mobil 1 has built a strong reputation over the last five decades as a top-tier synthetic oil known for peak performance and exceptional protection. This long-standing reputation underscores the brand’s commitment to quality and innovation. • Trusted Choice: The fact that Mobil 1 is the trusted choice for countless drivers around the world speaks to its reliability and effectiveness. This trust is a valuable asset for the brand. Technological Leadership • Cutting-edge Technology: Mobil 1’s positioning at the forefront of the automotive industry highlights ExxonMobil’s continuous investment in research and development. This focus on innovation has allowed Mobil 1 to maintain its competitive edge. • Revolutionary Synthetic Oil: The introduction and sustained success of Mobil 1 have revolutionized the synthetic oil market, setting a high standard for performance and protection. Market Position and Customer Loyalty • Customer Loyalty: The celebration of a 50-year milestone indicates strong customer loyalty. Long-term customers are likely to continue using Mobil 1 products, contributing to steady market demand. • Global Reach: Mobil 1’s acceptance and usage by drivers worldwide highlight its global reach and influence in the automotive lubricants market. Commemorative Activities • Celebration at ExxonMobil Egypt Head Office: The commemoration at the Egypt Head Office reflects the global nature of the celebration, indicating that Mobil 1’s impact is recognized and valued across different regions. • Year-long Celebration: A year-long celebration provides multiple touchpoints to engage with customers, partners, and stakeholders, reinforcing the brand’s legacy and future direction. Future Outlook • Ready for What’s Next: The hashtag #ReadyForWhatsNext suggests that ExxonMobil is not just celebrating past achievements but is also focused on future innovations and advancements. This forward-looking approach is crucial for maintaining relevance in a rapidly evolving industry. • Sustainability and Innovation: As the automotive industry moves towards more sustainable and eco-friendly solutions, Mobil 1’s commitment to cutting-edge technology positions it well to adapt to these changes and continue leading in the market. Marketing and Engagement • Social Media Campaign: The use of hashtags like #Mobil1, #FillWithMobil, and #50yearsAnniversary indicates a strong social media campaign aimed at engaging with a broad audience. This can help in boosting brand visibility and customer engagement.