Fossil Energy
BP Selects Mojix Technology for Clair Ridge Project
Mojix® Inc., the leading provider of wide-area passive RFID solutions, announced that industry leader BP appointed Mojix to deliver track-and-trace technology for the Clair Ridge oil platform construction that will operate in the North Sea off the coast of Scotland.
11 Companies Working on North Sea Power to Gas Platform Concept
Eleven leading companies in Europe have joined forces in the newly established North Sea Power to Gas Platform to further develop the concept of Power-to-Gas (P2G): the conversion of renewable power into gas. P2G will play an increasingly important role in our future energy system, as it reduces tem
Saab Seaeye Opens Test Tank for Unmanned Underwater Vehicles
The largest indoor test facility dedicated to the development of unmanned underwater vehicles has been opened by Saab Seaeye. Located in Linköping, Sweden, the test tank will allow new underwater systems technology to be trialled and tested in a controlled environment rather than in a lake or at sea
Chevron 1Q Profit Drops to $6.2 Bln. Production Rises
Chevron Corporation, a California-based oil and gas company today reported earnings of $6.2 billion for the first quarter 2013, compared with $6.5 billion in the 2012 first quarter. Sales and other operating revenues in the first quarter 2013 were $54 billion, down from $59 billion in the year-ago p
San Leon Gets Durresi Licence Extension (Albania)
San Leon has today signed an amendment to its Petroleum Sharing Contract (“PSC”) for the Durresi Block, offshore Albania, where the Company holds a 100% operating interest. The Amendment alleviates the tight timelines that existed in the current phase of the PSC, where San Leon would have had a requ
Gazprom: Russian Continental Shelf Underexplored
Gazprom yesterday announced that its Management Committee took note of the progress with the Program for hydrocarbon resources exploitation on the Russian Federation shelf until 2030. It was mentioned that the Russian continental shelf was a region of the Company’s strategic interest. A large hydroc
VIDEO: Greenpeace Activists Protest Against Statoil – Rosneft Arctic Drilling Plans
Greenpeace activists wearing polar bear costumes protested yesterday against Statoil’s arctic drilling plans in front of the oil company’s Moscow office. The three ‘polar bears’ chained themselves to oil barrels with signs saying “The Arctic is worth more than oil” and “We are hostages of your greed
Norway Opens New Barents Sea Area for Oil Exploration
The Norwegian Government on Monday presented its proposal to open for petroleum activity in the south-eastern Barents Sea. “This is a historic day. Opening the first new region for petroleum activity since 1994 will allow us to explore new, promising areas for oil and gas, provide new opportunities
Petrofac Wins ‘Ideas in Safety’ Prize (UK)
Petrofac Offshore Projects & Operations’ (OPO) pioneering Control of Work e-learning programme has been recognised at the prestigious UK Oil and Gas Industry Safety Awards. The OPO Control of Work team, responsible for delivering the bespoke, industry first training programme, won the ‘Ideas in Safe
Statoil’s Skrugard and Havis Fields Renamed to Johan Castberg
The Norwegian Ministry of Petroleum and Energy has decided to rename Statoil’s Skrugard and Havis discoveries in the Barents Sea. The field/s will now be called Johan Castberg. According to Barents Observer, Johan Castberg, who served as a parliament member for the then Labour Democrats in the early
CDC: Fatalities in Oil & Gas Industry 7 Times Higher than U.S. Average
CDC has, in its Morbidity and Mortality Weekly Report (MMWR), published an analysis of Fatal Injuries in Offshore Oil and Gas Operations — United States, 2003–2010. During 2003–2010, the U.S. oil and gas extraction industry (onshore and offshore, combined) had a collective fatality rate seven times
MODU Market to Reach USD 54.8 Bln Value in 2013
Within the global oil and gas industry the mobile offshore drilling unit (MODU) market is taking on an increasingly important role, say Visiongain in its report. Offshore hydrocarbon reserves will be one of the most important sources for the global oil and gas sector over the next decade and MODUs a
Bond Offshore Helicopters to Transport EnQuest Workers (UK)
Bond Offshore Helicopters Ltd (Bond), one of the UK’s leading providers of energy support services, has been awarded a new contract with EnQuest PLC, the largest UK independent oil producer in the UK North Sea. The contract is for up to ten years and it will provide crew change flights for EnQuest o
SOCAR CAPE JV Wins Services Contract in Azerbaijan
Cape plc, the international provider of essential support services to the energy and mineral resources sectors, announces its SOCAR CAPE joint venture has been awarded a three-year contract with two one-year extension options by a major international oil company for the provision of Fabric Maintenan