Decommissioning Gets into Deep Water in GoM
LOC Group’s Houston office provides perspective on decommissioning developments in the Gulf of Mexico.The Gulf of Mexico basin covers approximately 1.6 million km2 and is one of the most important petroleum production regions in the world. A significant portion of the area is shallow continental shelf waters. These areas were developed first by oil companies, with deeper water development only being undertaken once the ‘easier’ sites had been exploited.
Rosneft's Bid for Essar Delayed
Essar Oil deal is biggest foreign acquisition in India; over a dozen Indian banks must approve deal. The purchase of Indian refiner Essar Oil by a consortium led by Russian oil company Rosneft has been delayed by a few weeks, the two sides said on Friday, because some Indian lenders to Essar have yet to sign off on the deal. The $12.9 billion deal, in which Rosneft is set to take a 49 percent stake in Essar to pursue its global expansion, was expected to close by the end of this month.
India Produces More Coal but Misses Target Goals
What's more important? The fact the Coal India will once again miss its annual output target, or that it will produce over 31 million tonnes more than it did the previous year? Recent media reports have highlighted that Coal India Ltd (CIL), the state-owned behemoth that's the world's largest miner of the fuel, will likely miss its target of producing 598 million tonnes in the fiscal year ending March 31.
Obituary: David Doig, Chief Executive of OPITO
OPITO, a global oil and gas industry skills, standards and workforce development organization, is deeply saddened to confirm the death of its chief executive David Doig. Mr Doig, 57, who was based in Dubai, suffered a heart attack on December 31st and later passed away peacefully in hospital in Fife, Scotland. John Taylor, chairman of OPITO, said: “David was a vocal champion of OPITO, a much-respected industry leader…
Indian Oil Giant May Scrap LNG Vessel Tender
GAIL India, largest state-owned natural gas processing and distribution company in India, will likely scrap the tender for hiring LNG ships after failing to negotiate acceptable terms with bidders in what would hurt India's ambition to build high-tech LNG carriers at home under the Make in India programme, reports the Economic Times. The oil marketing giant had issued a tender last September…
Portugal to Build Sustainable Energy System
Portugal must maintain its efforts to deliver a financially sustainable energy system, the International Energy Agency (IEA) said today as it also urged the Portuguese government to build stronger energy links between the Iberian Peninsula and France. Speaking at the launch of an IEA review of Portuguese energy policies, IEA Executive Director Fatih Birol encouraged Portugal to maintain efforts to resolve the so-called tariff deficit…
Nominations Open for OPITO’s Safety Awards
Employers and training providers working to achieve the highest safety standards in the oil and gas industry are being invited to submit their nominations for the sixth annual OPITO Safety and Competency Awards 2015. The accolades will be presented at the OPITO Safety and Competency Conference (OSCC) held at the Dusit Thani Hotel, Abu Dhabi, November 3, 2015. These awards recognize companies that are committed to building a safe and competent workforce through OPITO standards.
Vestas Confirms Vietnam Wind Power Deal
Danish wind turbine manufacturer Vestas Wind Systems confirmed on Wednesday it had signed an agreement with Vietnamese firm Phu Cuong Group to develop a wind power project but disputed the value of $2 billion reported by the Vietnam Economic Times. The world's largest wind turbine maker said the memorandum of understanding concerned a 170 megawatt (MW) wind farm project, but it declined to cite a value for the agreement because it did not constitute an unconditional order.
The Crowley Way
Walk in the front door at Crowley Maritime Corporation HQ in Jacksonville, Fla., and you learn nearly everything you need to know about the company. With your visitor’s badge, you are handed a “Safety and Evacuation” brochure, and the person you are there to meet – in our case Tom Crowley, Jr. – walks down to greet you personally. Safety and People; The Crowley Way. The rest is just details. Crowley Maritime was founded in 1892 by Thomas Crowley in San Francisco.
Maersk Training Helps Fill Jobs in Offshore Wind
Local unemployed people are benefiting from new careers in the offshore wind industry following their completion of a newly developed qualification offered by Maersk Training in Newcastle, designed to help them take advantage of job opportunities in the thriving U.K. offshore wind energy sector. Following the success of a pilot Diploma course earlier this year, a number of people have recently obtained jobs with BostonEnergy.
