GMN Promotes Technologies to Cut Shipping Emissions
Practical efforts to implement ship energy-efficiency measures and promote technology transfer are an integral part of International Maritime Organization (IMO)'s initial strategy to reduce greenhouse gas emissions from ships.A press release from the UN-body said that this is embodied in…
Oil Rises on U.S.-Iran Tension
Oil prices rose on Monday on worries over supply after tensions worsened between Iran and the United States, while some offshore workers began a 24-hour strike on three oil and gas platforms in the British North Sea.Iranian Supreme Leader Ayatollah Ali Khamenei on Saturday backed a suggestion…
New RINA Guidelines for Additive Manufacturing
RINA, a specialist in additive manufacturing, has announced the release of its 'Guidelines for the certification of metallic products made by additive manufacturing', for the oil and gas industry.The use of additive manufacturing (or 3D printing) is expanding rapidly, especially as technology…
Trump to Unveil China Tariff List
The Trump administration this week will unveil the list of Chinese imports targeted for U.S. tariffs to punish Beijing over technology transfer policies, a move expected to intensify trade tensions between the world's two largest economies. The list of $50 billion to $60 billion worth of…
China Halts Work on $15 bln Nuclear Waste Project After Protests
A Chinese city has suspended preliminary work on a proposed 100 billion yuan ($15 billion) nuclear waste processing plant following protests by local residents concerned about health risks. Reports that Lianyungang - a coastal city about 500 km (310 miles) north of Shanghai - was set to be…
Harkand Signs Joint Venture in Angola
Harkand has signed a new joint venture agreement with ESOPEG Lda in Angola, its first strategic partnership in the country and third in the region as the global inspection, repair and maintenance (IRM) company continues to strengthen its capabilities across West Africa. The newly formed company Harkand Angola Lda…
Enseda Shipbuilding & Surviving the Petrobras Crisis
Enseada Shipbuilding was established to build deepwater drillships for Petrobras. Seventy percent of the company is owned by a consortium composed of Brazilian companies, Odebrecht (50 percent), OAS (25 percent), UTC (25 percent), with the remaining 30 percent belonging to Japanese shipbuilding giant, Kawasaki Heavy Industry (KHI).
Iran Offers 50 Oil Projects to Foreign Investors
Iran offered on Saturday about 50 oil and gas projects to be developed by foreign investors with local partners under a new scheme it hopes will initially generate $25 billion in investments, state media reported. Iran reached a deal with world powers in July, under which sanctions will be lifted in return for it scaling down its nuclear programme.
MOU Signed for O&G Fabrication Training in UAE
Abu Dhabi Ports hosted the signing of a Memorandum of Understanding (MoU) between SIDDCO Group and Istituto Italiano della Saldatura (ISS), that will see the two organizations collaborate to provide internationally recognized training and certification programs to Emirati and non-Emirati professionals in Abu Dhabi and across the United Arab Emirates (UAE).
World's Least-Polluting Nations at Table in Paris
If your country were responsible for only 0.05 percent of the world's climate-changing emissions, you might not think it worth making a plan to curb that pollution - especially when you still need to get electricity to much of your population. But the Gambian government thinks otherwise.
BP To Develop West Nile Delta Gas Fields
BP today signed the final agreements of the West Nile Delta project to develop 5 trillion cubic feet (tcf) of gas resources and 55 million barrels (mmbbls) of condensates with an estimated investment of around $12 billion by BP and its partner. The project underlines BP’s commitment to the…
InterAct Appoints Lerma as Engineering Manager
InterAct, an Acteon company, has appointed Val Lerma, P.E., as engineering manager. Lerma will be based in InterAct’s Ventura, California, office and has more than 30 years of experience working with major and independent oil and gas operators, both on and offshore. She has experience in drilling…
DW: Local Content Key in Foreign Offshore Deals
In many of the key deepwater markets, estimated to be worth $72bn by 2018, E&P and OFS companies alike are exposed to challenging local content requirements, remarks Douglas-Westwood in their 'DW Monday'. Local content agreements are typically are motivated by a desire to stimulate industrial development, and promote technology transfer.
UNEP & DNV GL Partner to Combat Climate Change
The UN Environment Programme (UNEP) & DNV GL inform they have joined in a new strategic partnership, designed to assist the Climate Technology Centre and Network (CTCN), hosted by UNEP, aiming to improve access to climate change mitigation and adaptation technologies in developing countries. The Norwegian Government will support the CTCN with NOK 60 mill.
Foster Wheeler-Led JV to Develop Nafusah Onshore Oilfield
Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Engineering and Construction Group, in joint venture with Taknia Libya Engineering Company (Taknia), has been awarded a front-end engineering design (FEED) contract by Nafusah Oil Operations B.V. Libyan Branch for an onshore oilfield development…
U.S. Fracking Giant Goes to China
State-of-the-art American fracking technology is coming to China's vast shale deposits as a result of a joint venture between FTS International and Sinopec announced on Tuesday. SinoFTS, as the joint venture will be called, marks an important milestone on the road to exporting the North American shale revolution around the world.
Intertek Opens Malaysian Exploration and Production Center
Intertek invested £900,000 (4,143,720 Malaysian Ringgit) in a new Malaysian regional center which will bring enhanced services to the exploration and production (E&P) sector in the region. Based in Kuala Lumpur, the facility boasts two laboratories and will allow Intertek to significantly…
