Offshore Energy News

 

Making a space-age splash

Feb 01, 2012

When the oil & gas community looks to the aeronautical industry it's usually for technological inspiration. Now offshore training is entering the space age too, courtesy of a recent deal brokered by defense specialist Raytheon that will enable…

Pazflor in perspective

Feb 01, 2012

The complexity and sheer scale of Total's Pazflor project in block 17 offshore Angola – the field covers 600km2, six times the surface area of Paris – was outlined at the recent Subsea Europe conference in Paris by Laurent Villard, the operator's SURF installation engineering leader…

David Ripley

Jan 10, 2012

David Ripley has succeeded Brian Kinkead as supply chain director of Oil & Gas UK, the leading representative organisation for the UK offshore oil & gas industry.

Scott McMillan

Jan 10, 2012

Scott McMillan has been appointed MD of CLS Offshore, the Great Yarmouth, UK-based energy sector service company he joined at the start of last year. He was previously eastern hemisphere GM for Shaw Pipeline Services.

Mariner back on track

Oct 01, 2011

Statoil’s two UKCS heavy oil developments – Mariner in block 9/11a and Bressay in blocks 3/27b, 3/28a, 3/28b, 9/2a and 3/a – are back on track having been halted by the operator in March following the UK Chancellor’s decision to increase the…

More blades give a closer [cost] shave

Oct 01, 2011

Responding to Professor Michael J Economides' recent condemnation of alternative energy efficiencies and economics (OE August), serial oil industry inventor Benton Baugh turns his attention to the renewables sector with this firmly tongue-in-cheek (‘but true…

Tax squeeze too saucy for America

Oct 01, 2011

After a trillion-plus dollar stimulus package that seems to have fizzled, after forays towards ‘bipartisanship’ which often meant agree with him or nothing, and after seeing his approval ratings drop like a rock, US president Barack Obama unveiled…

European gas: running on empty?

Oct 01, 2011

The big news coming out of Europe is that it is running out of money, but is Europe also running out of gas? Infield Systems' Peter Kiernan(left) and Dr Roger Knight discuss the future of Europe's gas supply in the light of the growing need to secure energy from Russia and the Middle East…

Ambitious Iraqi oil targets in doubt

Sep 01, 2011

Iraq's large oil-production potential could put it in a position to vie for leadership with Saudi Arabia in the world oil scene in the coming decades.But a study released by Rice University's Baker Institute for Public Policy finds that in the near term…

M&A market dips, maintains value

Sep 01, 2011

The number and total value of US oil & gas mergers and acquisitions dipped slightly in 2Q 2011 over the same period last year, according to a recent PricewaterhouseCoopers (PwC) study. But the average deal value for the largest transactions rose by 14%…

Delivering the new

Aug 01, 2011

The Industry Technology Facilitator (ITF) has gone from strength to strength in the past year or two, with some of the new technologies it has supported making a real difference in the field and its global expansion progressing well. Managing…

The rhetoric and reality of renewables

Aug 01, 2011

In the face of a lot of hard evidence on the failure of renewable energy sources to defeat the physics of energy and laws of economics, the UN Intergovernmental Panel on Climate Change released its latest report on renewable energy development in May 2011 (www…

US eyes offshore wind expansion

Jul 07, 2011

The US Bureau of Ocean Energy Management, Regulation & Enforcement (BOEM) will publish a call for information and nominations in the Federal Register to gauge interest in wind energy development offshore New Jersey.The 418 nautical square…

Pieces of eight

Jul 07, 2011

Earlier this year the refrain was ‘$5 natural gas forever', based on the US Energy Information Administration's (EIA) annual outlook, which argued that natural gas prices will remain below $5 per million btu until 2022. The underlying rationale was growth in the ‘vast' US shale gas resource base…

Statoil steps up the gas pressure

Jul 07, 2011

Statoil last month launched a campaign urging the UK to make natural gas a key component in its long-term future energy. The operator argues gas can be an important part of securing UK energy supplies and cutting CO2 emissions, although political…

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