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Harland & Wolff flares up after gas storage project gets green light

Harland & Wolff flares up after gas storage project gets green light   In the midst of the energy crisis and growing concerns about supplies, a gas storage project off the coast of Northern Ireland has been given the green light. Harland & Wolff Group Holdings PLC said the Islandmagee project had been awarded a Marine Construction Licence, allowing construction to begin. O...

Unique collaboration embracing decommissioning opportunities and challenges

Unique collaboration embracing decommissioning opportunities and challenges   Peterhead recently became home to Scotland’s first dedicated subsea decommissioning hub focussing on the circular economy when NorSea Decom threw open its gates in the Aberdeenshire town – and services are already in demand from a growing customer base of operators and marine contractors. The new name is the product of a collaborative approach by NorSea UK and Phoenix Decom to focus on the saf...

Only 3 Bidders For 21 Oil, Gas Blocks; Vedanta, Reliance Stay Away

Only 3 Bidders For 21 Oil, Gas Blocks; Vedanta, Reliance Stay Away   India’s latest bid round for 21 oil and gas blocks attracted just three bidders, two of whom were state-owned explorers Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL), according to upstream regulator DGH. As many as 21 blocks or areas were offered for exploration and production of oil and gas in the Open Acreage Licensing Policy (OALP) Bid Round-VI, for which bidding closed on October 6. Besides...

Isle of Wight oil exploration drilling bid gets green light

Isle of Wight oil exploration drilling bid gets green light   Plans for exploratory oil drilling on the Isle of Wight have been given the green light. Council planning officers have said they "recommend consent be granted" to drill two exploration boreholes at Arreton, south-east of Newport. UK Oil and Gas Investments (UKOG) first submitted their proposal 18 months ago. The council has received more than 1,000 objections to the application, including six parish coun...

STR makes a splash at Ocean Business with the launch of the ‘STR SeaTow-6000’

STR makes a splash at Ocean Business with the launch of the ‘STR SeaTow-6000’   Subsea Technology & Rentals (STR) is delighted to announce the launch of the ‘STR SeaTow-6000’ Electric Winch. The announcement of STR’s latest product was made at Ocean Business 2021 in Southampton, United Kingdom. The STR SeaTow-6000 is the latest addition to STR’s class leading field proven electric winch systems that are used extensively for hydrographic, geop...

BW Energy Scores Two Gabon Licenses Near Dussafu And Etame

BW Energy Scores Two Gabon Licenses Near Dussafu And Etame   BW Energy, Vaalco, and Panoro Energy have been awarded two exploration blocks offshore Gabon near the Dussafu license within tie-back distance of existing infrastructure. BW said that it was provisionally awarded operatorship of two blocks in the 12th Offshore Licensing Round in Gabon by the Direction Generale des Hydrocarbures (DGH). The award is subject to signing the production sharing contracts with the DGH. The bl...

Profitable project portfolio

Profitable project portfolio   Equinor is the operator of 20 projects under development in Norway. This is a solid and profitable portfolio, creating ripple effects and value all over the country, in spite of challenges related to Covid-19 for the entire industry. In the national budget published today, the Ministry of Petroleum and Energy presents the status for selected projects that are under development or have recently come on stream. Ten Equinor-operated projects are included...

Prospect off Aberdeen in focus as oil and gas prices surge

Prospect off Aberdeen in focus as oil and gas prices surge   A North Sea-focused oil firm has generated interest in a prospect east of Aberdeen amid the rally in commodity prices. Orcadian Energy said it has agreed heads of terms regarding a deal for Carrick Resources to buy in to acreage containing the Carra prospect, which has been estimated to contain around 30 million barrels. The prospective deal signals that privately-owned Carrick Resources sees significant potential in C...

Tatiana Moguchaya announced as new CEO of Earth Science Analytics

Tatiana Moguchaya announced as new CEO of Earth Science Analytics   Industry leading seismic data, analysis and machine learning company, Earth Science Analytics, has announced the appointment of its new CEO, Tatiana Moguchaya. An expert in software development and strategic leadership, Tatiana has more than 15 years’ experience in both the technology and energy sectors. Her appointment marks an expansion from Earth Science Analytics’ traditional core oil and gas explo...

Case study: collaborative working - the key to effective project execution.

Case study: collaborative working - the key to effective project execution   Every once in a while, a thoroughly enjoyable project comes along. This was the case when Magma Global contracted Flowline Specialists/Motive Offshore Group to supply a Linear Cable Engine, Turntable, Pallet and 5 Multi-disciplined Personnel to form part of a project they were delivering for end-client: Deep Sea Development Services Inc. (DSDS). The project came at a time when the Flowline and Motive teams...

DEKRA’s BD Manager - Craig Sproul, shares insights on ‘Leadership’

DEKRA’s BD Manager - Craig Sproul, shares insights on ‘Leadership’   Learning to lead “It’s no secret that leadership can have a make-or-break impact on an organisation’s success. Ensuring that the impact is positive requires more investigation and ideally the help of experience-based insights. In fact, good leadership is itself a form of expertise. While distinct from technical specialisations or other skills required to carry out discrete func...

Oil above $80 spurs a Permian shale drilling revival

Oil above $80 spurs a Permian shale drilling revival   Oil prices around $80 a barrel are once again spurring a revival of shale drilling in America’s biggest oil field, where production is expected to return to pre-pandemic highs within weeks. Only this time, the surge is being driven by private operators, rather than the publicly traded companies that fueled the previous booms. And they see little reason to slow things down. Increased access to financing and strong oil d...

OGA grants carbon storage licence to Harbour Energy

OGA grants carbon storage licence to Harbour Energy   Net zero drive boosted as fourth licence is awarded  Project could make a significant contribution to UK’s   carbon reduction target   The Oil and Gas Authority (OGA) has awarded a carbon dioxide (CO2) appraisal and storage licence (CS licence) to Harbour Energy, boosting the drive to reach net zero greenhouse gas emissions by 2050.   The licence will cover an area in the Southern North Sea off the co...

Petrofac, Gazprom Team Up To Promote Russia's Energy Industry

Petrofac, Gazprom Team Up To Promote Russia's Energy Industry   Oilfield services provider Petrofac has signed a strategic partnership with Russia’s giant Gazprom to export and promote the Russian energy industry domestically and internationally. Under the five-year memorandum of cooperation (MOC), signed by deputy chairman management and member of the Gazprom board Vitaly Anatolevich Markelov and Petrofac Chief Executive Sami Iskander, the parties will collaborate to dri...

Maersk Integrator spuds Aker BP prospect

Maersk Integrator spuds Aker BP prospect   Norwegian oil and gas company Aker BP has started drilling operations on its Mugnetind exploration well located offshore Norway, using a Maersk Drilling-owned jack-up rig. Aker BP was granted a drilling permit for two wells – 7/11-14 S and A – in September 2021. The drilling programme for these two wells relates to the drilling of a wildcat well and an appraisal well in production licence 906. Aker BP is the operator of the...

Global energy consultancy Xodus establishes presence in Japan

Global energy consultancy Xodus establishes presence in Japan   Global energy consultancy Xodus has appointed a country manager and opened its first Asian office in Japan as the company aims to support the growth of the offshore wind industry in the country. Having previously delivered a range of projects in Japan, Xodus views the huge potential for floating and fixed offshore wind, as well as green hydrogen, as the key drivers for a clean energy transition in Japan. The new office...

Subsea 7 targets Net Zero by 2050

Subsea 7 targets Net Zero by 2050   Subsea 7 S.A. holds Sustainability as one of its core Values and today it announced its target to achieve Net Zero greenhouse gas (GHG) emissions by 2050. In addition, using 2018 as a baseline year, Subsea 7’s target is to reduce its Scope 1 and Scope 2 emissions by 50% by 2035. These targets are based upon plans to decarbonise Subsea 7’s operations, implementing changes and solutions available today, as well as the deployment of new,...

Big banks resist most direct road map to net zero emissions

Big banks resist most direct road map to net zero emissions   Banks have resisted committing to the most explicit road map for cutting greenhouse gas emissions to net zero by 2050, just weeks before the COP26 climate talks in Glasgow. Negotiators for a Mark Carney-led initiative to encourage finance groups to stop funding fossil fuel companies have struggled to convince leading banks to agree to end financing of all new oil, gas and coal exploration projects this year, according to...

Oman’s oil production tops 232 million barrels

Oman’s oil production tops 232 million barrels   Oman's oil production stood at 232,942,500 barrels till the end of August 2021, compared to 233,575,200 barrels till the end of August 2020. This constituted a decline of 0.3%, according to the latest data released by the National Centre for Statistics and Information (NCSI). The data indicated that the average daily production till the end of August 2021 increased by 0.1% to 958,600 barrels, compared to 957,300 barrels in...

OGV Energy's US Energy Review October 2021

OGV Energy's US Energy Review October 2021   The impact of Hurricane Ida on US oil and gas production and refining, the US policies regarding oil and gas development and containing emissions, a blockbuster deal in the Permian, and the lower-carbon ambitions of supermajor Chevron have been the key themes in the US oil and gas sector this past month. Hurricane Ida Disrupts US Oil, Gas, Refinery Output US oil, gas, and refining operations in the Gulf of Mexico and on the Gulf C...
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