Alphabet, Google's parent company, announced that it is calling it quits on its efforts to build and monetize its Makani wind energy kites.Google acquired Makani, which developed airborne wind turbines and aimed to make wind energy more accessible and affordable…
The drill bit still plays a key role across the region, with exploration increasingly the domain of national oil companiesReports of the death of exploration have been greatly exaggerated. Since the 2014 oil price downturn, the industry has re-imagined exploration…
Hurricane Energy is looking to raise US$86 million (£70 million) of new capital to fund its Lancaster development, West of Shetland, offshore the UK. Image from Hurricane Energy. The…
UK authorities are hopeful that they may finally have a weather window to move the Transocean Winner semisubmersible rig. With just days to go before the heavy transport vessel due to move it is due to come off contract, contingencies are already being assessed…
Damage assessments by Smit Salvage and Transocean staff who boarded the grounded semisubmersible drilling rig Transocean Winner off the Isle of Lewis, Scotland, say two of its fuel tanks appear to have been breached. UPDATE: No pollution has been found at the site…
In a coup for French major Total, and a blow to Denmark-based Maersk Oil, Qatar Petroleum has awarded Total a 30% interest in the concession covering the offshore Al-Shaheen oil field for a period of 25 years beginning 14 July 2017. Qatar…
Italian major Eni has found what could be the biggest gas deposit in the Mediterranean and the company is eager to develop it. Jerry Lee reports. Egypt Nile Delta. The Zohr discovery, in the Shorouk block…
Challenging market conditions, including high operational costs, low prices, and declining reserves in the North Sea are driving many organizations in the industry to seek more efficient and cost effective ways of working, without compromising safety…
Social collaboration brings context to data and helps find experts. Tom Franklin reports. The pathway to social collaboration for improved productivity. Global integration in…
With a mean estimate of 23.6 billion bbl of undiscovered, technically recoverable conventional oil in the Beaufort and Chukchi seas, the Arctic could be one of the last big finds. Heather Saucier examines what is at stake on the US side. Source…
UK-based explorer Trapoil has agreed a deal with private equity firm Prostar Capital, which could see Trapoil help Prostar sweep up undervalued North Sea assets. According to Trapoil, Prostar’s management believes that there is considerable value in the North Sea…
Redline Communications Group Inc., a provider of mission-critical wireless networks, announced that it has received a US$1.6 million contract to deliver a marine communications network based on the recently announced RAS Extend Marine product…
Western Europe will continue to rely on imported Russian gas into the 2020s, as mature offshore provinces struggle for growth, while large-scale shale gas extraction looks increasingly unlikely in the medium term. Following Moscow’s intervention…
Mexico's leftist Party of the Democratic Revolution (PRD) announced this week that it will hold a Conference on the Defense of Energy Sovereignty from October 24 to 27. The PRD will disseminate information explaining its opposition to President Enrique Peña Nieto’s plans for energy reform…
Sinking of SS Arctic - 27 September 1854 The SS Arctic was the pride of the American merchant marine when launched in 1852. It was a 3,000 ton wooden-hull paddle-wheel steamer capable of carrying 280 passengers. It also carried a modest amount of cargo…
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