Offshore oil and gas operators in the Gulf of Mexico are evacuating platforms and rigs in response to Tropical Storm Harvey.
Oil production is forecast to rise 2.1 per cent in 2018 fueling expansion of the economy
The Dresser-Rand business, part of Siemens Power and Gas, will supply power generation equipment for two offshore projects in China.
KrisEnergy expects to sign a petroleum agreement for Cambodia’s offshore block A next week, allowing it to move forward with development of the Apsara oil field.
Block Island, the first operational US offshore wind farm, played a major role at the inaugural Offshore Wind Executive Summit: The Parallels of Wind, Oil and Gas in Houston.
Oil and gas operators are positioning for potential growth in US offshore wind projects.
Inpex has entered an agreement with Bayerngas Norge to acquire a 40% participating interest in PL767 exploration licence in the western Barents Sea, Norway, for an undisclosed sum.
Romania's top oil and gas group, OMV Petrom [BSE:SNP], said on Monday it plans to invest 70 million euro ($83.5 million) into a new drilling campaign in the shallow waters of Istria block in the Black Sea. The campaign includes the drilling of two wells by the end of this year and a further two by mid-2018, OMV Petrom said in a press release. The wells are planned to be drilled to depths of up to 2,000 meters below sea level.
The precipitous drop in the price of electricity from offshore wind turbines should be a tipping point for green technology. In 2014 the current generated by a forest of giant whirling fans out at sea was priced at around £150 per megawatt hour. In the latest auction this week the comparable cost dropped as low as £57.50/MWh.
The Ministry of Oil & Gas has unveiled a total of four onshore hydrocarbon blocks for investment as part of the Oman Licensing Round 2017, registration and bidding for which formally commences on September 20, 2017. Up for grabs are Block 43B, Block 47, Block 51 and Block 65 — part of a portfolio of over 10 open blocks that will be tendered over the next few years, the ministry said in a backgrounder on the new Licensing Round.
PJSC LUKOIL tested a new technique of thermal-gas-chemical formation treatment at one of the Usinskoye field wells.
More needs to be done to increase the use of digitalisation within the offshore oil and gas industry as a way of achieving sustained lower operating costs (Opex), a new report has found.