Oil Activities News

Increased commercial and oil activity in Liberia's territorial waters has seen the number of tankers and other ships supporting the oil activities, rise significantly.These activities are critical to the Liberian economy but pose a risk in the event of an oil spill, said a press release from International Maritime Organization (IMO).To address this issue, the Global Initiative for West, Central and Southern Africa (GI WACAF) has organized a workshop in Monrovia, Liberia (29 April – 2 May) which provided participants with incident management process information as well as an opportunity to test the newly learned material through an exercise.The…

Georgia Petroleum Council noted released results from a new study highlighting how Georgia’s economy could benefit from over $200 million in tax revenues as a result of offshore leasing in the Atlantic Outer Continental Shelf (OCS).“Cutting-edge technology can safely and accurately discover what resources lay off Georgia’s coast and make possible the potential for millions of dollars in state and local tax revenues from offshore activity detailed in this new study,” said Georgia Petroleum Council Executive Director Hunter Hopkins.“This could be a turning point for Georgia. Our communities could gain high-paying year-round jobs while additional revenues help advance and update our public school systems and infrastructure.

Industry analyst and environmental consultant Dagmar Schmidt Etkin, PhD, takes a hard look at a rapidly shifting operational landscape in the Arctic. Always an honest broker of information, Etkin tells it like it is. Oil spill risk is present anywhere that oil is present in reservoirs, or is transported, consumed, stored, and handled in some way. The Arctic is no exception. Not only are there oil reserves in the Arctic, some of which are being or will soon be considered for exploration and production, there is also oil being transported as cargo or as fuel to Arctic communities.

While it seems that half the world is monitoring the oil and gas exploration activities of Royal Dutch Shell (Shell Oil) on the United States outer continental shelf (OCS) in waters of the Chukchi and Beaufort Seas off the north coast of Alaska, another historic event is occurring in those same waters: Arctic Shield 2012. The US Coast Guard is assembling its largest ever effort in the Arctic during the period July through October 2012. The Coast Guard has been gradually expanding its presence in the Arctic over the past four years.

Wärtsilä opened its new office and workshop facilities in Mexico, in the city of Veracruz, which is the largest container shipping port in the country and is home to the Mexican Merchant Marine Academy. The new facilities will further expand Wärtsilä's offering in all market segments, especially in the marine and offshore segments. Since Wärtsilä is a strong player in the automation field, customers from the industrial market will also benefit. The new facilities, which cover an area of over 4000 sq. m., have been set up to enhance Wärtsilä's capabilities in the region. The 1000 sq. m. new workshop features an optimized layout for equipment…

The Norwegian companies SAAS System and Aker Technology have received an order for the delivery of a system to prevent pollution from gas flaring on an oil field in Abu Dhabi. in different types of environmental technology. The delivery includes a system which removes the demand for flaring at an oil plant in Abu Dhabi in the United Arabian Emirates UAE. Unnecessary flaring is still in use at oil and gas facilities all over the world. achieved without the pollution. Arab Emirates, which is one of the world's largest oil exporters. Under the turnkey contract the two companies will use a local company for installation work. since 1997 on marketing systems which avoid the use of pollutive flaring at oil and gas facilities. company of the United Arab Emirates.

The board of directors approved the proposal to demerge the crude oil shipping activities. For this purpose a demerger proposal will be deposited with the Registry of Commerce in Antwerp on September 21, 2004. Within the framework of this operation the crude oil activities will be demerged from CMB nv into Euronav nv. As a consequence of the demerger all CMB shareholders will be granted new shares in Euronav. CMB has already submitted a ruling application to the Ruling Commission in order to obtain confirmation of the tax neutrality of the envisaged transaction. CMB will also apply for a separate listing of the Euronav shares with Euronext Brussels, subject to the approval of the extraordinary general shareholders’ meeting.

The Angola LNG (liquid natural gas) project is expected to produce 5 million tons of gas per year, as of 2012, the country’s oil minister, Desidério Costa, said in Luanda recently. He added that Angola would gain from environmental conservation as well as from the sale of gas. Cited by Angolan news agency Angop, Costa said that Angolan government had prioritized the progressive reduction of the amount of gas burned off in oil activities, with the aim of using it entirely for domestic and industrial use by 2010. [Source: http://www.macauhub.com.]

Iran attacked and seized control of a Romanian oil rig working in its Persian Gulf waters this morning one week after the Iranian government accused the European drilling company of hijacking another rig. An Iranian naval vessel fired on the rig owned by Romania's Grup Servicii Petroliere (GSP) in the Salman field and took control of its radio room, a Grup's representative in the United Arab Emirates said. Iran, which holds the world's second-largest oil and gas reserves, is due to respond to a European Union-led offer of incentives aimed at persuading it to halt uranium enrichment activities that are crucial to its nuclear program. Neither the press office of Iran's oil ministry nor the one of Iran's revolutionary guards could be reached for comment when called.