Global investment in renewable energy reached record levels in 2014, including the record-breaking US$3.8 billion financing of the largest ever renewable energy plant, a Dutch wind farm project, a new report has shown. Image from Siemens…
Siemens is opening its new oil and gas headquarters in Houston. Siemens managing board member Lisa Davis, who leads Siemens’ oil and gas and power generation businesses, will be based in the West Memorial Drive office in Houston’s energy…
India’s Reliance Industries’ (RIL) MJ Discovery is estimated to have 1.4 Tcf of unrisked contingent resources offshore India, according to partner Niko Resources. MJ Discovery map. From Niko. The…
ExxonMobil has been awarded a production sharing contract (PSC) for Block EG-06 by the government of Equatorial Guinea. The contract was signed between ExxonMobil Exploration and Production Equatorial Guinea (Offshore), GEPetrol and the Government of the Republic of Equatorial Guinea…
Reservoir engineers are getting to grips with automatic flow control devices to limit water cut and gas breakthrough – just as they did with their passive forbearers, explain Benn A Voll, Ismarullizam Mohd Ismail, and Iko Oguche. Fig…
Wood Group Kenny’s Luis F. Garfias outlines the challenges relating to material selection and testing for eventual use in harsh environments. Photo by Robert Callaway. The increasingly…
Jerry Lee takes a look at some of the research surrounding microbial enhanced oil recovery (MEOR), and how it could be a viable solution for increasing recovery efforts. A Glori scientist observes…
Heather Saucier examines the effect of regional energy policies on Latin America’s rich untapped resources, estimated to be some 126 billion bo and 679 Tcf of natural gas, a large majority of which is offshore. Piñon…
Danish headquartered oil and gas explorer Maersk Oil has started production from Tyra Southeast-B in the Danish sector of the North Sea. The new 4700-tonne platform, 220km off Denmark’s west coast, will produce a mixture of oil and gas…
To meet the growing demands by operators for greater operational efficiency and public confidence in the integrity of offshore and onshore oil and gas structures, Lloyd’s Register Energy is increasing its structural engineering capabilities…
More than 14,000 oil industry professionals are expected to descend on the Italian city of Ravenna this week for the bi-annual Offshore Mediterranean Conference, starting today (25). The city is home to the country’s offshore oil and gas industry…
UK Chancellor George Osborne has announced a package of measures to support the North Sea oil and gas industry, which he said was in “pressing danger” from low oil prices. Presenting the UK’s 2015 Budget, Osborne (pictured) said: “It’s…
UK offshore industry trade association Oil & Gas UK has called for 'urgent action' to reduce and simplify North Sea oil and gas taxation, including a double digit reduction in the Supplementary Corporation Tax on UK producers. The trade body…
While most oil and gas operators and service companies are reducing expenses to keep costs down, some companies are beginning to falter due to financial distress. This month alone, two Houston-based companies, BPZ Energy (which trades under the name BPZ Resources) and Cal Dive International…
Germany's Wintershall has taken over the operatorship of the subsea oil and gas field Vega from Statoil as it gears up to develop the Maria field. Vega is the BASF subsidiary’s first operated subsea tie-in field in Norway. With this transfer…