Fossil Energy
North American oil production to outpace Middle East, Wood Mackenzie says
Global energy demand continues its remarkable growth, driven by China and other emerging markets. Yet this era of increasing demand is also one of robust energy supply, according to Wood Mackenzie’s long term analysis of global energy trends out to 2030.
Eni, KazMunayGas pen strategic agreement
KazMunayGas’ (KMG) Chairman of the Management Board, Sauat Mynbayev, and Eni’s CEO, Claudio Descalzi, signed today a strategic agreement.
Total: First oil flows at CLOV project, offshore Angola
Total, operator of Block 17 in Angola, today started up CLOV, a major deep offshore development located 140 kilometers offshore Luanda, in line with the initial project schedule. With a production capacity of 160,000 barrels per day, CLOV will develop proven and probable reserves of over 500 milli
Micanti awarded for innovative antifouling foil
The Dutch maritime technology company Micanti has designed a 100% environmentally friendly antifouling foil. Its working is based on small fibers, which make it very unattractive for organisms to attach to the hull of a ship.
Seven workers die in rig construction yard in Mexico
Seven workers constructing an offshore rig in Mexico died Wednesday when an elevator fell down in a yard in the state of Veracruz. According to the Mexican media, the “cage” carrying the workers fell from the height of 30 meters leaving five of them dead on the spot. Three workers were transferred t
MacGregor President resigns for personal reasons
Eric Nielsen, member of Cargotec’s Executive Board and President of MacGregor business area will resign from Cargotec with immediate effect due to personal reasons.
RMSpumtools to reveal ‘a world’s first’ in artificial lift technology
An Aberdeenshire company is launching whate they call ‘a world-first in artificial lift technology which is set to deliver significant reductions in operating costs and production time.’ RMSpumptools will be showcasing three of its products at EuALF 2014 next week after a seven-figure investment.
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SBM Offshore won’t bid for Tataruga Verde, Libra FPSOs
SBM Offshore, the world’s largest FPSO supplier, will not be taking part in Petrobras’ FPSO tenders.
EVRY to deliver IT solutions to Centrica
EVRY to deliver IT solutions to Centrica
Dynamic Industries cleared to work in Saudi Arabia
Dynamic Industries International LLC. (Dynamic), a full service brownfield construction, fabricator, hook-up and commissioning contractor to the global offshore oil and gas industries, announced today that their Saudi Arabian office has received its license to operate from the Saudi Arabian General
Wave Glider reduces costs for oil operators, Sonardyne says
A collaboration between Sonardyne International Ltd., Shell and ocean data services provider Liquid Robotics has seen the development of a Liquid Robotics Wave Glider autonomous marine vehicle configured for unmanned data retrieval from seafloor sensors. For the last three years, an array of Sonar
Shelf Drilling plans London IPO
Shelf Drilling, Ltd. an international shallow water offshore drilling contractor, today announces its intention to proceed with an initial public offering to institutional investors (the “IPO” or the “Global Offer”). Shelf Drilling intends to apply for admission of its ordinary shares to the standar
Oil & Gas UK CEO: Radical change needed to maximise UKCS economic recovery
Oil & Gas UK’s first Annual Conference opened yesterday. It features over 70 leading speakers from industry and both the UK and Scottish Governments. The conference, sponsored by Petrotechnics and supported by Costain Upstream, is chaired by Oil & Gas UK chief executive Malcolm Webb who commented: “