Towards 2025, deepwater exploration and production will save the offshore industry, Norwegian energy analysts Rystad said in a recent presentation. According to Douglas Westwood’s World Deepwater Market Forecast, 2014-2018, deepwater spending is due to rise by 130%…
Wood Group Kenny (WGK) will provide technical advisory services for carbon capture and storage (CCS) policies, as well as potential projects across the UK, as part of a framework agreement with the Department of Energy & Climate Change (DECC)…
Novatek Gas & Power and Engie finalized a long-term contract for the supply of liquefied natural gas (LNG) from the Yamal LNG project. Yamal LNG. From Novatek. The 23-year contract…
Oil majors BG Group, BP, Eni, Royal Dutch Shell, Statoil and Total are jointly calling for international governments and the United Nations to introduce carbon pricing systems which could eventually be internationally connected. In what…
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…
Dutch oil and gas producer Oranje-Nassau Energie (ONE) has made its first step into the UK sector by taking over operatorship of the southern North Sea Sean field. The firm says its acquisition of 50% interest in and operatorship of the…
Atlas Knowledge has been awarded a contract by INPEX to provide training for production workers involved in the US$34 billion Ichthys LNG project. The INPEX-operated project includes some of the world’s largest offshore facilities off the coast of Western Australia…
Shell released this video outlining its safety efforts for Arctic exploration. The company received conditional approval for its exploration plan in the Chukchi Sea on 11 May 2015. Shell is planning to spend US$1 billion to explore the Arctic…
Transocean’s Polar Pioneer has recently become the center of attention in Seattle. On 12 May 2015 a request was made by the Port of Seattle commissioners which asked Shell to postpone the rig’s move to the Port of Seattle’s Terminal 5 while permitting issues are worked out…
Apparently undeterred by low oil prices, oil and gas output from ultra deepwater (>1000m water depth) fields will continue the relentless growth seen in recent years. Image from Shell. In…
Modeling flow assurance regimes is no easy task, not least for long distance tiebacks, where the need for accurate modeling is crucial. Alexander Belkin outlines a model he has worked on. During the past several decades, offshore oil…
Shell’s Executive Vice President, Arctic, Ann Pickard discussed the supermajor’s investment and current challenges facing its Arctic exploration program at this year’s Offshore Technology Conference (OTC) in Houston on 5 May 2015. In the summer of 2015…
On 20 May 2015, ExxonMobil (45% and operator) announced a discovery at its Liza-1 well on the Stabroek Block offshore Guyana. The well was spud on 5 March and drilled to an Upper Cretaceous fan play at a depth of 5433m in 1743m of water.…
In June, Albania plans to offer seven offshore and onshore blocks for oil and gas exploration. Albania began preparing the bids in 2014 after a yet-inconclusive but possibly significant discovery by a venture between Shell and Petromanas in southern Albania…
Supermajors Chevron and ExxonMobil were two of 26 companies, both privately and in consortia, that have earned the right to submit bids for Mexico’s Round 1 to be held on 15 July, the country’s National Hydrocarbons Commission (CNH) announced on 25 May…
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