Offshore Energy News

 

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…

Meeting up to expectations

Jul 07, 2011

At the EAGE annual meeting in Vienna Andrew McBarnet discerned a mood of surprising equanimity in the marine seismic community.Some titles are hard to live up to. So, even though the recent annual meeting of the European Association of Geoscientists…

Wave power winning friends

Jul 07, 2011

Through industry technology facilitator ITF, Green Ocean Energy has secured funding to the tune of £45,000 to investigate the capability of its Wave Treader device to power offshore oil & gas structures. This is the first renewable energy venture to receive ITF support…

Don't cry for me, Venezuela

Jun 08, 2011

Hugo Chávez is a 50-years behind times anachronistic male version of Eva Peron. But he has been elected by the Venezuelan people and he must be reckoned with not just because it is the democratic thing to do but because Venezuela is crucial to America's energy security…

Sea trials soon for fledgling wave power technology

May 01, 2011

Norwegian mechanical engineer Julius Espedal had his first real brush with the forces of nature when undergoing offshore safety induction and emergency training in the UK back in 1999. Now he is getting reacquainted with them as his company…

Counting the cost of outsourcing

May 01, 2011

In the past decade, the oil & gas industry has been effective in finding new resources, but much less successful in bringing new supplies onstream. That was the verdict of Eni E&P executive vice president Antonio Vella, addressing this year's Offshore Mediterranean Conference in Ravenna…

FLNG sloshing analysis: a fresh approach

Apr 01, 2011

Class society ABS and Korea's Daewoo Shipbuilding & Marine Engineering (DSME) are concluding a joint development program examining critical wave conditions for sloshing model tests and computational fluid dynamics (CFD) in the cargo tanks of FLNG vessels…

Power to generate irrational thought

Mar 01, 2011

China constantly shakes many of the world's beliefs, for better or worse, from its economic growth to trade to human rights. There is no doubt that China will become before not too long the world's dominant economic power. It also provides an additional…

Resource nationalism on its way out?

Dec 31, 2010

The days may be numbered for resource nationalism, Robert Johnson told the Houston World Affairs Council at the Mayer Brown offices late October. ‘Not every country is equally capable of exercising a campaign of resource nationalism,’ said Johnson…

To be a player you have to join the game

Nov 01, 2010

It is perhaps the biggest social and economic challenge of the world today: how will China acquire sufficient energy resources, of oil and perhaps even more important, natural gas, over the next several decades? China’s energy makeup is still quite primitive: 70% of China’s energy comes from coal…

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