Wasted Gas: As Global Supplies Tighten, Here’s 210 bcm of Natural Gas for the Taking – IEA Report
A new report from the International Energy Agency (IEA) estimates that if there was a concerted, global effort to eliminate unnecessary flaring and control leaks across the supply chain, nearly 210 billion cubic meters (bcm) of natural gas could be made available to gas markets.Russia’s war with Ukraine has sent…
OP/ED: Offshore Wind
Set to Soar, Taking Offshore Support Industry With it.Offshore energy development is opening a new front in the United States -- the Atlantic seaboard, with strong winds, a shallow continental shelf and a proximity to dense population centers is driving strong interest in offshore wind development. The offshore…
Smarter Energy Policy Will Broaden Offshore Recovery
For the past few years, depressed commodity prices, stricter regulatory requirements and competition from onshore development at home and from other countries offering attractive offshore lease and royalty terms have had severe impacts on new exploration in the U.S. Gulf of Mexico. Thankfully, the tide appears to finally be turning.In August…
O&G Industry Urged to Support Digital Skills
A report into UK oil and gas workforce dynamics launched indicates that more than 40,000 new people will need to be recruited into the industry over the next 20 years, including 10,000 in posts that don’t exist today.The UKCS Workforce Dynamics Review, by global energy skills body OPITO in partnership with Robert Gordon University’s (RGU) Oil and Gas Institute…
CEFC Eyes Big League with Rosneft Oil Offtake Deal
As part of its recent $9.1 billion investment in Russian oil giant Rosneft, little-known CEFC China Energy will have access to up to 260,000 barrels per day (bpd) of Russian oil - giving it the sort of market clout to potentially challenge dominant Western oil traders like Vitol. For China, the world's top crude importer…
European Oil Majors Enter U.S. Offshore Wind Markets
Statoil, Shell, DONG Energy turn to U.S. offshore wind; oil firms bring big budgets, offshore tech and risk experience. Some European oil majors have made inroads into the emerging U.S. offshore wind energy market, aiming to leverage their experience of deepwater development and the crowded offshore wind arena at home.
McDonald Takes the Helm at OPITO
Global safety, standards and workforce development organization OPITO has appointed John McDonald as CEO as the organization seeks to further drive the international skills agenda for the oil and gas industry. McDonald has been Interim CEO since January and was previously U.K. managing director for OPITO after joining the organization in 2012.
Sea Swift: New Platform Operational in Egypt
Global offshore engineering solutions provider Aquaterra Energy has designed, fabricated and installed a new Sea Swift platform for PICO Petroleum Integrated Services, the lead contractor for Amal Petroleum Company’s (AMAPETCO) Amal field in the Gulf of Suez, offshore Egypt. The Sea Swift is a Conductor Supported Platform (CSP) and is installed in 23 meters water depth.
James Fisher Acquires Visual Information Businesses
James Fisher and Sons plc has acquired three renowned visual information design and communication brands, R2S Visual Asset Management (VAM), R2S Forensic as well as digital product provider Max and Co. According to James Fisher, the acquisition will enhance its expertise and abilities in asset integrity and management services in a wide range of markets worldwide.
U.S. Oil & Gas Sheds 100K Jobs in Slump
The number of people employed in oil and gas extraction and support activities across the United States has fallen by around 100,000 since October 2014. Between October 2014 and November 2015, the number of people on the payroll of oil and gas extraction firms and support services fell by almost 87,000, according to the U.S. Bureau of Labor Statistics (BLS).
Trelleborg Awarded ISO 29001 O&G Accredidation
Trelleborg’s offshore operation in England has been awarded an International Organization for Standardization (ISO) / Technical Specification (TS) 29001:2011 certification, the company announced today. The standard defines the quality management system requirements for the design, development, production, installation and service of products for the petroleum…
OSCC to Focus on Safety
OPITO Announces Date for 2015 Safety and Competence Conference. The “economics of safety at $50 oil” is the topic for this year’s OPITO Safety and Competence Conference (OSCC) which will take place on November 3, 2015 in Abu Dhabi. OSCC is the only global annual event wholly focused on safety and competence in the oil and gas industry.
O&G Safety Conference: Leading from the Front-line
The date and topic for this year’s OPITO Safety and Competence Conference – OSCC 2014 have been announced. Now in its fifth year, the annual event will take place on November 4, 2014 in the Fairmont Hotel, Abu Dhabi. Under the title of “Leading from the Front-line”, the conference will explore the dynamic of effective…
