China, Philippines: 'Bigger Step' Possible Offshore
Chinese President Xi Jinping said China and the Philippines could take a "bigger step" in the joint development of oil and gas resources in the South China Sea if they can "properly" handle their dispute over sovereignty.Xi made the re
Barclays Rejects Arctic Drilling
U.K.-based international bank Barclays announced a new energy policy that significantly restricts the bank’s financing for the exploration or extraction of oil and gas in the Arctic.The policy…
Arkona Offshore Wind Farm Comes Online
The Arkona offshore wind farm in the German part of the Baltic Sea has supplied the first electricity into the German electricity grid.The 385 MW project, operated by E.ON in partnership with Equinor…
Trump Administration Seeks Swift Action on Alaska Oil Leases
The Trump administration is seeking to sell leases in the Arctic National Wildlife Refuge as quickly as possible – drawing fire from opponents of drilling in the sensitive area, who are warning against a rushed process.
Saudi Arabia Shortlists Companies for Solar, Wind Projects
Top oil exporter Saudi Arabia has shortlisted companies for its solar and wind power projects, as part of the first round of its renewable energy initiative, the energy ministry said on Monday.
DNV GL Standardizes Subsea Forgings Requirements
Steel forgings are essential building blocks for subsea components, but tailor-made solutions to meet end-users’ specific requirements have caused long delivery times. A joint industry project (JIP)…
Funding for Jee’s Excalibur system
Technologies which harness tidal energy (i.e. tidal energy convertors or TECs) are in the advanced stages of development. Single TECs have been tested in UK waters for some time but only recently has a fully commercial…
Aker Solutions, Det norske and Subsea 7 Form Development Alliance
Aker Solutions, Det norske oljeselskap and Subsea 7 agreed on a "one for all, all for one" collaboration model that marks a major shift in how an operator and its suppliers can work together on oil and gas developments offshore Norway.
World First to Combine Big Solar and Storage
A world-leading project in far north Queensland is set to combine big battery storage and big solar to supply solar power after sundown and during peak usage times. The Australian Renewable…
Statoil’s 50 years to be Recorded
Statoil has decided to launch a large project to write the story about the company for its 50th anniversary in 2022. The University of Oslo has been chosen the main supplier in a project that…
NYK Joins Study for LNG Bunkering in Yokohama
NYK is participating in a study launched by Japan’s Ministry of Land, Infrastructure and Transport and Tourism (MLIT) to explore the feasibility of LNG bunkering in Yokohama. This study is…
AccessESP Names Algeroy as Europe and Africa Region Manager
AccessESP, a provider of rigless electric submersible pump (ESP) conveyance solutions for the worldwide oil industry, has named John Algeroy as the Europe and Africa Region Manager. Based in Houston…
Saudis to Keep Controlling Aramco Stake
Saudi Arabia's government will keep a controlling interest in state-owned Saudi Aramco if it decides on a share offering of the world's largest oil firm, its chief executive said. Aramco has crude reserves of about 265 billion barrels…
General Counsel Sjöbring Quits Transocean
Transocean Ltd. today announced that Lars Sjöbring, Senior Vice President and General Counsel, has informed Transocean that he will be leaving the company. Mr. Sjöbring has agreed to aid in the search for a replacement…
Transocean Senior VP to Resign
Lars Sjöbring, Senior Vice President and General Counsel at Transocean Ltd., will be leaving the company, Transocean announced today. Sjöbring has agreed to aid in the search for a replacement…
PSC, BP Claims Against Transocean Resolved
Transocean Ltd. announced that it has reached two separate settlement agreements, with the Plaintiffs' Steering Committee (the "PSC") and with BP Exploration & Production Inc. and BP America Production Co. ("BP").
U.S. Supreme Court Rejects BP Deepwater Challenge
The U.S. Supreme Court on Monday rejected BP's challenge to a settlement agreement over the 2010 Gulf of Mexico oil spill, which the oil giant said allowed certain businesses to get payouts…
Keppel Listed on Global Sustainability Indices
Driven by a firm commitment to continuously strengthen its environmental, social and governance (ESG) management and strategy, Keppel Corporation's sustainability efforts have gained momentum…
AADE Lafayette Chapter Announced Board Members
The Lafayette Chapter of the American Association of Drilling Engineers (AADE) has announced its 2014-2015 board members. Members from oil and gas companies volunteer to serve as officers and…
DNV GL-led collaboration to enhance BOP maintenance
The maintenance of blowout preventers (BOPs) has significant financial, logistical and safety implications for drilling operators and rig owners. DNV GL has now established a Joint Industry…
