Exxon to produce 180,000 barrels per day of oil in seventh Guyana project
According to a document released by the Guyana's Environmental Agency on Monday, a consortium led by Exxon Mobil, based in the United States, plans to produce as much as 180,000 barrels of oil per day and 95 million cubic foot per day of gas from its seventh project, Hammerhead. Exxon, which includes U.S. Hess, and China CNOOC, has been waiting for approval from the government for this project since last January. The company also requested approval last week for its eighth project.
Industry Award for Sustainable Drilling Waste Solution
Specialist drilling waste management company, TWMA, has been announced as a finalist in this year’s SPE Offshore Achievement Awards.Shortlisted for the Sustainability Project Award, this recognition celebrates TWMA’s RotoMill technology, an innovative offshore processing solution that decarbonises drilling waste operations by more than 50%.Now in its 38th year, the Offshore Achievement Awards is the largest and longest established industry awards for the UK offshore energy sector.
Sweden builds 100,000-year storage site for spent nuclear material
Sweden began building a final nuclear fuel storage facility on Wednesday. It is only the second site of its kind in the world where highly radioactive wastes will be stored for 100 years. Since the commercialization of nuclear reactors in the 1950s, the question of how to safely store radioactive waste has plagued the industry. Finland is the only nation that has a permanent site in its final stages of construction. World Nuclear Association estimates that there are approximately 300,000 tonnes of spent nuclear fuel in the world.
TWMA Appoints Group Commercial Director
Drilling waste management specialist, TWMA, has announced the appointment of Jonathan Parkes as its new Group Commercial Director. This strategic hire comes as the Aberdeen-based company continues to build on a period of rapid international growth and expansion.Joining the company in October 2024, Jonathan brings 20 years of commercial and strategic expertise across the energy market. His new role follows seven years at an energy, maritime and defence company where he held the…
Chris Wright, CEO of the oil industry, is appointed Energy Secretary by Trump
Donald Trump, the President-elect, announced on Saturday that Chris Wright, an oil and gas executive who is a staunch supporter of fossil fuels, will be his choice to lead the Department of Energy. Wright is the founder of Liberty Energy in Denver, a firm that provides oilfield services. He will likely support Trump's plans to increase oil and gas production and seek ways to increase electricity generation, which is on the rise for the first decade. He will also probably share Trump's opposition against global cooperation in fighting climate change.
MOL Poducing Hand Sanitizer to Help Fight COVID-19
Hungarian oil and gas company MOL said it has transformed one of its production facilities at Almásfüzitő into a sanitizer production plant as energy companies around the world pitch in to aid the fight against coronavirus. Lubricants producer and MOL Group member MOL Lub Ltd. shifted production of a windshield washer production line in just one week to help combat a shortage of hand and surface sanitizers in Hungary brought on by the COVID-19 pandemic.MOL said the unit is operating 24/7, in three shifts, producing a daily volume of around 50,000 liters.
TWMA Appoints Aslaksen as New CEO
Specialist drilling waste management company, TWMA, has announced the appointment of Halle Aslaksen as its new CEO.Aslaksen joins the Aberdeen-headquartered company from the Norwegian hydropower operator Småkraft, where he served as CEO. He was previously CEO at TCO and president of ALTUS Intervention in Scandinavia.With more than 20 years’ experience in the oil and gas industry, Aslaksen has built a career across several disciplines and has worked across various roles for Smith International…
Eni, Lombardy Pact on Sustainability
Italy's Lombardy Region and Italian energy company Eni signed a Memorandum of Understanding (MoU) for long-term sustainable growth at Eni’s refinery in Sannazzaro de' Burgondi.Attilio Fontana, President of the Lombardy Region, and Giuseppe Ricci, Eni’s Chief Refining & Marketing Officer, signed a Memorandum of Understanding at Eni’s refinery in Sannazzaro de' Burgondi today.With a low-carbon future in mind, they will implement a joint, circular development process, leading to…
EMP Applauds Poseidon Principles
Japan-based Eco Marine Power (EMP), a company develops and markets renewable energy based systems for ships and other vessels, has applauded the recently announced introduction of the Poseidon Principles – a global framework for assessing and disclosing the climate alignment of financial institutions’ shipping portfolios.EMP said that these principles will also have a strong emphasis on zero emissions and EMP’s renewable energy solutions and design concepts are ideally suited…
Bourbon Wins Shell Contract in Bulgaria
Bourbon Marine & Logistics said on Thursday it has been awarded a contract from Shell to support the oil major's exploration drilling in the Black Sea offshore Bulgaria.The French services company said its project scope covers the full logistics solution project management, offering for the first time both marine logistics together with shore logistics: marine services, logistics base, warehousing, port facilities, cargo carrying units, waste management, customs clearance, etc.Two large supply vessels will be dedicated to the project…
Great Ships 2018: BP's British Partner
BP Shipping took delivery of British Partner, the first of a half dozen new 173,400 cu. m. capacity liquefied natural gas (LNG) carriers to be delivered through 2018 and 2019 from the DSME shipyard in South Korea. BP Shipping, which launched a fleet rejuvenation program in 2016 that includes 32 new vessels for delivery over a three-year period, said the six new Partnership class ships will increase its ability to transport LNG in emerging new markets, such as Pakistan, Jordan, Egypt and Bangladesh, in addition to established markets, such as India, China, the U.S.
Tallinna Sadam, Alexela Invest Sign MoU
AS Tallinna Sadam and AS Alexela Invest signed a Memorandum of Understanding (MOU) for finding the best solutions for the development and implementation of LNG terminal and servicing LNG tankers and bunkers; and establishing port facilities for loading and unloading LNG on the Pakri peninsula by the Lahepere bay in Paldiski.Tallinna Sadam and Alexela will continue to negotiate the conditions for joint activities with the aim of reaching the contract by the end of 2020.According to the MOU…
EU Readies 'Polluter Pays' for Ship Waste
The Transport Committee of the European Parliament adopted the Meissner report on the Port Reception Facilities and gave a mandate to the Rapporteur to start negotiations with the Council to finalise the text of the new law.The European Sea Ports Organisation (ESPO) welcomes in particular the proposal to strengthen the ‘polluter pays’ principle by discouraging the delivery of unreasonable quantities of garbage, including dangerous waste, for a fixed fee.This proposal will better protect marine environment by increasing the quantities of waste delivered at ports.
Powering Ships with Plastic in Amsterdam
In the Port of Amsterdam, a new factory is being built that could revolutionize the way we dispose of plastic waste. Utilizing groundbreaking technology, the facility will use previously unrecyclable plastic to create fuel for diesel powered cargo ships. The group behind the facility is Bin2Barrel, a Dutch company founded in 2012 by waste management entrepreneurs Floris Geeris and Paul Harkema. While the chemical recycling technology used in the past has worked, Bin2Barrel is the first company to utilize it commercially.
TWMA Acquires US Service Company
TWMA, provider of specialized drilling waste management services, has announced its acquisition of US-based Dynamic Oilfield Services in an eight-figure deal. The move comes as TWMA continues to implement an ambitious growth strategy, with internationalization and service diversity at its heart. The US land drilling market is currently recognized as the fastest growing drilling market in the world, Dynamic Oilfield Services deploys its solids control and surface equipment divisions in some of the most prolific onshore basins in the US.
New Consortium for Offshore Decommissioning
A new global oil and gas decommissioning consortium launched today sets out to bring a collaborative supply chain approach, offering an end-to-end solution to reduce the decommissioning burden, risk and cost for operators.The consortium, which includes Lloyd’s Register (LR), WorleyParsons and Ardent, brings together 350 years of collective experience to reduce the interfaces, costs and risks of decommissioning for the oil and gas industry.The consortium includes experts to cover all aspects of decommissioning…
Cesarek Joins Gevo
Gevo, Inc. has announced the appointment of Tim Cesarek to the newly created position of Executive Vice President and Chief Commercial Officer. Cesarek brings over 20 years of knowledge and experience in strategic and commercial transactions, with 15 years in the field of renewable resource based fuels and chemicals. In addition to overseeing Gevo’s commercial development of its fuel and chemical products, Cesarek is expected to develop and close deals with strategic customers and partners.
Saudi Cabinet Approves Nuclear Power Program National Policy
Saudi Arabia's cabinet approved on Tuesday the national policy of the atomic energy program, state news agency SPA reported. The national policy includes limiting all nuclear activities to peaceful purposes, within the limits defined by international treaties, SPA said. It also stressed on the importance of optimal utilization of natural resources from nuclear materials and applying best practices for radioactive waste management. Saudi Arabia, the world's top oil exporter, wants nuclear power to diversify its energy supply mix.
DCC to buy ExxonMobil's Norwegian Petrol Stations
London-listed DCC Plc said it would buy the retail petrol station network of ExxonMobil's Norwegian unit, Esso Norge AS, for 2.43 billion Norwegian crowns ($293.38 million). DCC, whose activities range from oil distribution to waste management, said the total consideration, along with the value of stock in tank at the date of acquisition, would be paid in cash. Dublin-based DCC, which gets nearly half of its profit from Britain and Ireland, has been expanding into western Europe in recent years through acquisitions.
TWMA Appoints Garrick as CEO, President
TWMA, provider of specialized Drilling Waste Management services, is expecting its growth strategy to accelerate, with a target turnover of £200 million ($263 million) and headcount to reach 1,500 following investment from Buckthorn Partners earlier this year. To support the strategy implementation, Tony Branch will expand his current Director role within TWMA, taking over from Ronnie Garrick as CEO. Mr Garrick expands his remit as President of the Company, focusing and leading on three key growth development areas: merger and acquisitions activity…
