Petrel Resources and Clontarf Energy have confirmed that an agreement has been reached with the Ghanaian authorities on the specific revised co-ordinates of the signed Petroleum Agreement on a license Block in the Tano area of Ghana. The…
Malaysian state-owned oil firm Petronas has bought Statoil’s stakes in the BP-operated Shah Deniz project from Norway’s Statoil for US$2.25 billion. Statoil says the move, which sees it exit the Shah Deniz project, is part of its portfolio management…
An international arbitration panel has awarded ExxonMobil US$1.6 billion for Venezuelan assets seized in 2007. The World Bank's International Centre for Settlement of Investment Disputes (ICSID) decided unanimously that Venezuela has to pay damages to oil company ExxonMobil totaling $1…
Odebrecht and Teekay received a letter of intent from the Libra consortium to charter an FPSO for the extended well test campaign in the Libra area of the Santos Basin pre-salt, offshore Brazil, Petrobras announced on 10 October 2014. The…
Solar power generation gained some more strength using devices made with polymers. This solar cell consists of a new polymer, called PID2, which was developed in the laboratory of Luping Yu. From Andrew Nelles…
TGS-NOPEC Geophysical Co. AS has commenced a new seismic survey —Declaration— in the Central Gulf of Mexico, expanding its Constitution group of WAZ 3D projects. The Declaration survey will cover 6061sq km (260 OCS blocks) in the Mississippi Canyon and Viosca Knoll areas…
Refinery safety remains paramount as production continues its upward swing as equipment and people end up pressed to increase a facility’s capabilities. It is no secret with new technologies for fracking and drilling that are giving a…
Other than the idea of keeping operators safe, Formula One racing has quite a bit in common with the manufacturing automation industry. As an automaker first focused on Formula One and now on other industries like energy, health and wellness…
According to officials, the offshore drilling industry needs to develop a comprehensive public database to help improve safety and prevent spills in federal waters. “Currently individual operators are collecting a lot of the data we need to properly assess risk…
One contractor died and two others suffered injuries 13 September while conducting maintenance on a Chevron natural gas pipeline off the Louisiana coast. From Chevron. The contractor…
Oil and gas continues to be a hotbed of activity when it comes to automation and that also means security is top of mind. When it comes to designing a network diagram for any kind of oil and gas environment, everyone has to understand…
A fire at an offshore natural gas platform in Alaska’s Cook Inlet forced four workers to evacuate and destroyed the crew’s living quarters. According to officials, no one suffered injuries and the environmental risk was minimal. Photo from Nikiski Fire Dept…
The Houston Technology Center (HTC) will hold its Deepwater Technology Symposium on 23 October from 7-10am at its main campus, located at 410 Pierce St. in Houston. During the three-part symposium, four speakers will discuss technology…
As a critical factor in optimising brownfield production, well intervention is a major fiscal and operational consideration for the North Sea. While there’s no doubt, as a mature province, the emphasis is shifting increasingly toward decommissioning and plugging and abandonment…
Back-deck equipment firm Maritime Developments has secured a patent for its 4-track tensioner. The company has already delivered two of the new tensioners to clients and is on the brink of completing a third one for its rental division…
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