Offshore Arctic News - page 16

2015 – the global risk outlook

Jan 01, 2015

The landscape of risk will continue to change in 2015 for the offshore upstream sector. While new risks are expected to appear, many will remain familiar and consistent with recent years. Some of the biggest concerns are also likely to be eclipsed by potential opportunities…

Arctech Helsinki bought out by Russians

Dec 31, 2014

Arctech Helsinki Shipyard has moved into full Russian ownership after United Shipbuilding Corporation bought the other half of the company's shares from STX Finland. Finland based Arctech Helsinki Shipyard was founded in December 2010…

Chevron cancels Beaufort plans

Dec 18, 2014

Chevron has said it is canceling plans to drill for oil in the Beaufort Sea in Canada's Arctic because of economic uncertainty in the industry as oil prices fall. Beaufort Sea map. From Chevron.   The…

Service during sanctions

Dec 09, 2014

For Western-based service companies whose products or personnel were at work in the waters off the Russia, projects that were already complex by virtue of the location became substantially more so with the recent Western sanctions against the Russian Federation…

West Alpha to drill at Balder for ExxonMobil

Dec 08, 2014

ExxonMobil received consent from the Petroleum Safety Authority Norway (PSA) to use the West Alpha semisubmersible drilling rig on the Balder field, in the central North Sea. The West Alpha. From North Atlantic Drilling…

Rosneft: Kara Sea field reserves confirmed

Dec 04, 2014

Russian authorities confirmed the reserves in the Pobeda oil and gas field, located on the Kara Sea shelf, Rosneft announced. The field was discovered through the Universitetskaya-1 well. The gas reserves were discovered in the chalk deposits of Cenomanian Age and Apt-Alb Age…

The next frontier

Dec 01, 2014

OE spoke with experts from CGG and Ion Geophysical to ascertain where the next frontiers of future offshore oil and gas exploration will be located. These areas are certain to blossom over the next five years. Here’s how the experts answered…

Applying offshore class experience to subsea mining

Dec 01, 2014

Scientific drilling confirmed the presence of natural gas hydrates on the North and Central American continental shelves in late 1970s and early 1980s, but it was only recently that researchers began to seriously assess methane hydrate development…

The future of subsea technology

Dec 01, 2014

Aker Solutions, FMC Technologies, and GE Oil & Gas set out where they see the future of subsea technologies going.  Aker Solutions A vision for the future: advanced subsea production systems. Photo from Aker Solutions…

Megaprojects: Mega headaches

Dec 01, 2014

A megaproject is one that costs more than US$5 billion to develop. They stretch a company’s capabilities to their limits, especially in the harsh climates like the Arctic or in ultra-deep water. In 2000, oil companies took on seven megaprojects…

Gazprom Neft, PetroVietnam sign Arctic agreement

Nov 25, 2014

Russia's Gazprom Neft and state-owned PetroVietnam have begun exclusive talks to potentially cooperate in the development of the Dolginskoye field, located about 75km off the Russian coast in the Pechora Sea. Gazprom Neft said in a statement…

BOEM, NOPP launch Arctic ecosystem study in US and Canadian waters

Nov 24, 2014

The Bureau of Ocean Energy Management (BOEM) and National Oceanographic Partnership Program (NOPP) partners announced the award of a broad Arctic study that will investigate the interrelationship among the physical, biological, chemical and…

Rosneft approved for Arctic research

Nov 18, 2014

The Russian National Committee for United Nations Environment Programme (UNEPCOM) endorsed Rosneft and the Russian Geographical Society's initiative to continue its Arctic research program. This program will help define the principles of economic activity regulations in the region…

Wärtsilä 50DF engine to power icebreaking LNG carriers

Nov 10, 2014

South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME) yard ordered a total of 54 Wärtsilä Corp. dual fuel engines to power 172,600cbm icebreaking LNG carriers. The icebreaking LNG carriers…

Frosty Relations

Nov 03, 2014

How much does Russia’s oil and gas industry stand to lose in light of increasing Western sanctions? Sarah Parker Musarra reports. In April 2014, the first oil produced from the Russian Arctic Shelf…

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