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Oil And Gas Fields News

01 Mar 2024

Norway's Oil Industry Resumes Helicopter Flights After Deadly Crash

© Photofex / Adobe Stock

Norwegian oil companies resumed helicopter flights to offshore oil and gas fields on Friday following Wednesday's deadly crash off the country's west coast, operator Equinor and airports said on Friday.On Thursday helicopter traffic was halted to oil and gas platforms following the crash in which one person died and five were injured. Norway said it was considering grounding Sikorsky's S-92A aircraft model while investigating the accident."Based on dialogue with the Civil Aviation Authority (CAA)…

07 Dec 2023

Carbon Capture Chasm Exposed at Climate Summit

Copyright VectorMine/AdobeStock

Carbon capture and storage has emerged as flashpoint at the UN climate conference in Dubai about how big a role it is destined to play in reaching the target of net zero emissions.It has also prompted an unusual and bad-tempered confrontation between senior officials at the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC).In the run up to the conference, the IEA called on oil and gas producers to let go of "the illusion that implausibly…

27 Nov 2023

Environmentalists Ask Court to Block Development of Three North Sea Fields

© Igor Hotinsky / Adobe Stock

Environmental groups on Tuesday will ask a Norwegian court to block the development of three North Sea oil and gas fields, citing insufficient assessment of global climate impact from future petroleum use.The lawsuit filed by Greenpeace and its partner Nature and Youth concerns the Equinor-operated Breidablikk and Aker BP's Yggdrasil and Tyrving fields, which hold combined reserves of some 875 million barrels of oil equivalent.The two NGOs in 2020 lost a case against Arctic drilling at Norway's top court…

06 Sep 2023

ABS Approves Bumi Armada's Floating Concept for Carbon Storage and Injection

Rendering  of the floating carbon storage and injection unit (FCSIU) – Courtesy of Bumi Armada

The American Bureau of Shipping (ABS) has awarded Approval in Principle (AIP) for Bumi Armada’s pioneering design for a floating carbon storage and injection unit (FCSIU).Bumi Armada’s FCSIU concept is a floating terminal capable of storing and injecting liquified carbon dioxide (LCO2) into depleted oil and gas fields or aquifers. This novel concept incorporates the ability to accept LCO2 deliveries in an offshore setting, the flexibility to manage LCO2 at low or medium pressure…

30 Aug 2023

Samsung Heavy and MISC Develop Floating CO2 Storage Unit

Source: MISC

Samsung Heavy Industries has received basic certification for a floating CO2 storage unit (FCSU) from DNV.The FCSU, jointly developed by Samsung Heavy Industries and MISC, is 330 meters long and 64 meters wide, and has a high-pressure tank capacity that can store 100,000 cubic meters of liquefied CO2 at -50 degrees Celsius or less.The injection module mounted on the upper part of the hull secures the ability to send five million tons (MTPA) of CO2 per year to the depths of the seabed.

22 May 2023

Managing Offshore Oil & Gas Through Energy Transition

Copyright bomboman/AdobeStock

Scientists warn that climate change is the greatest peril that humankind has ever faced. Yet oil and gas exploration is set to clock the highest growth for more than a decade this year and next. Protesters cause disruption but, for the moment, hydrocarbon energy underpins life as we know it“Offshore oil and gas production probably matters now more than ever,” said Audun Martinsen. The Rystad Energy Partner and Head of Energy Research told Maritime Reporter & Engineering News.“It…

10 Apr 2023

Malaysia Defends Its Energy Ops in the South China Sea

The Petronas Towers in Kuala Lumpur, Malaysia
Copyright gumbao/AdobeStock

Malaysia said on Saturday it was firmly committed to protecting its sovereign rights and interests in the South China Sea after China expressed concern about Malaysian energy projects in a part of the sea that China also claims.Malaysian Prime Minister Anwar Ibrahim said China was worried about activity by the state energy firm Petronas in a part of the South China Sea that Malaysia says is its territory.Anwar said he was open to negotiations with China, drawing criticism from the opposition…

24 Feb 2023

Pushing the Envelope: A H2 Project Highlights French Teamwork on Alt-Energy

Copyright Parradee/AdobeStock

At the Sea Tech Week Maritime Transport conference this past September, held in Brest, France, there was no shortage of big-picture, creative ideas pertaining to maritime shipping and alternative energy.One such project, called Seaguel, was presented as part of a larger discussion on hydrogen (H2) as maritime fuel. The full session was titled “Distributing Hydrogen from Offshore Wind Farms as a Fuel for Ships.” The topic was developed by France Energies Marines (FEM), a public-private R&D collaborative focused on offshore renewable energy.Right now…

14 Jul 2022

Hezbollah: 'No one' will Extract Gas From Maritime Zones if Lebanon Unable To do So

Energean Power en route to the Karish field - Credit: Energean, via Israel Energy Ministry

The head of powerful armed group Hezbollah warned on Wednesday that "no one" would be allowed to operate in maritime oil and gas fields if Lebanon was barred from its "rights" in extracting from areas off of its own coast."If you don't give us the rights that our state is asking for ... then we could flip the table on everyone," Sayyed Hassan Nasrallah said in a televised address."If you want to get to a formula where this country is barred from taking advantage (of these fields)…

17 Dec 2021

Rem Offshore Buys PSV Quartet as Axe Falls on K-Line Offshore

File Photo: K-Line Offshore

Offshore vessel operator Rem Offshore said Friday it had agreed to buy four platform supply vessels from K-Line Offshore AS, which is set to be dissolved and cease to exist.K-Line Offshore, was established in Norway by Kawasaki Kisen Kaisha (K” LINE) in 2007, which wanted to enter the offshore support vessel (OSV) business, expecting stable demand in the oil and gas fields of the North Sea. However, "K” LINE said Friday that K-Line Offshore "had long struggled after energy price decline…

16 Dec 2021

Offshore Wind to Require Ocean Space the Size of Italy by 2050

Remi Eriksen, Group President and CEO of DNV

By mid-century, offshore wind will require ocean space which is equivalent to the landmass of Italy, and the industry will by then account for half of all the capex in the Blue Economy, according to DNV’s Ocean’s Future to 2050 report."The exponential growth of offshore wind power will be the main driver of a nine-fold increase in demand for ocean space by the middle of the century," DNV said.The growth will be particularly pronounced in regions with long coastlines and presently have low penetration of offshore wind.

31 Aug 2021

Hurricane Ida's Fury Cuts Deep into U.S. Oil Output, Gasoline Supplies

Credit:  NOAA NWS National Hurricane Center

Hurricane Ida pummeled U.S. Gulf Coast energy suppliers, knocking out most of the region's offshore wells and nearly half its motor fuel production and drove prices broadly higher.The storm crashed on Sunday into the Louisiana coast, tearing through U.S. offshore oil and gas fields with 150 mile per hour (241 kph) winds and pushing up to 12 feet (3.7 meters) of water ashore. More than 620,000 homes and businesses in Louisiana were without power.Production losses - including at six Gulf Coast refineries - will lift retail gasoline prices by 5 to 10 cents a gallon, said tracking firm GasBuddy.

07 Jul 2021

‘Boaty McBoatface’ Robotic Submarine to Visit End-of-life Oil and Gas Fields

Credit: NOC

The UK National Oceanography Centre (NOC) has secured funding from the UK Natural Environment Research Council (NERC), which will take robot submarine ‘Boaty McBoatface’ around end-of-life oil and gas fields. The Autonomous Techniques for infraStructure Ecological Assessment (AT-SEA) project, led by the NOC will trial the concept of using submarines like Boaty for high-tech, low-impact monitoring to pick up any potential environmental impacts at these sites, NOC said.The NOC has received £670…

13 May 2021

JGC Lands Pre-FEED Deal for Nigeria's First FLNG Project

Image by Pvince73/AdobeStock

Japan's JGC has been awarded the Pre-Front End Engineering and Design (Pre-FEED) contract for an FLNG facility project in Nigeria.The project is being run by UTM Offshore Limited, a Nigerian private company engaged primarily in crude oil sales and construction equipment leasing, and the Nigerian National Petroleum Corporation.This project calls for the Pre-FEED of an FLNG facility with a production capacity of 1,200,000 tons annually using gas from the Yoho gas field owned by ExxonMobil and the Nigerian National Petroleum Corporation.

05 Jan 2021

RIBs: Turn Up the Power

MetalCraft Marine recently delivered to Department of Natural Resources Police (Photo: Metal Craft Marine)

However readers might define “normal”, 2020 was anything but. But the business of rigid inflatable boats (RIB) has been going at full throttle.Matthew Velluto, Director of Business Development and Marketing at RIBCRAFT USA, based in Marblehead, Mass., described a business moving steadily ahead, though it’s had to weave and bob at times during 2020. “We’ve been able to stay open throughout 2020, with no disruptions on our side,” though he acknowledged hiccups further down in the company’s supply chain. He explains that the business was deemed to be “essential”.

17 Jun 2020

Maersk Drilling Joins Offshore CO2 Storage Project

Image Credit: Maersk Drilling

Danish offshore drilling company Maersk Drilling has joined a consortium whose aim is to develop an offshore storage solution for CO2 captured in Danish onshore facilities.Maersk Drilling said Wednesday it was joining a new CO2 storage consortium formed by INEOS Oil & Gas Denmark and Wintershall Dea. "The consortium is maturing one of the most progressed carbon capture and storage projects inside Danish jurisdiction and targets the development of CO2 storage capacity offshore Denmark based on reusing discontinued offshore oil and gas fields for permanent CO2 storage…

02 Mar 2020

Nexans to Supply Cables for Marjan Field

The global player in the cable and optical fiber industry Nexans S.A. was awarded a significant Purchase Order to supply 180 km of 230 kV cables for the offshore Marjan increment development mega-project on the eastern coast of the Arabian Gulf.Discovered in 1967, the Marjan field is one of the oldest and biggest offshore oil and gas fields in the Arabian Gulf. It is currently undergoing expansion under the Marjan Increment Program announced in 2017.The French expert in cables and cabling systems said that it will supply two lengths of 90 km of 230kV HVAC three-core submarine power cables with an internal fiber optical element.Nexans is one of the very few suppliers in the world capable to manufacture…

22 Jan 2020

PGS Readies Offshore Sabah Data

Norwegian seismic services provider Petroleum Geo-Services (PGS) said that key areas for the 2020 Malaysia Licensing Round are covered by the PGS Sabah MC3D program.Data is available to evaluate the petroleum potential of the highly prospective offshore Sabah province, said a press note from the geophysical company.Over 47 000 sq. km high-resolution 3D data is available for Sabah, covering new opportunities near established plays in this exciting hydrocarbon province.Block SB-2T on the 2020 bid round is almost entirely covered by Sabah MC3D. SB-2T lies in the proven fold and thrust belt and is surrounded by producing oil and gas fields.

22 Nov 2019

FPSO Vessel Revenue to Reach $8.30Bln by 2026

The global floating production storage and offloading (FPSO) vessel market is expected to grow at a robust rate of 11.80% during the forecast period 2016 to 2026. Additionally, the revenue in the global FPSO vessel market is projected to reach up to US$8.30bn by the end of 2026.Growing demand for alternative sources of oil due to continual depletion of existing oil reserves drives the global FPSO vessel market, said a report by Transparency Market Research Market (TMR).On the basis of geography, Latin America held a large share until 2016. In the upcoming years Brazil is projected to hold a major share in the global floating production storage and offloading vessel market.

31 Oct 2019

New 3D Geophysical Survey Vessel Named

Seismic vessel Tansa (Photo: NYK Group)

On September 29, a delivery ceremony for a new 3D geophysical seismic survey vessel was held at the port of Tokyo and attended by NYK chairman Tadaki Naito.The new vessel, Tansa, will be operated by Ocean Geo-Frontier Co. Ltd (OGF), a company jointly owned by NYK and others.Through a consignment service agreement with OGF and JOGMEC, NYK is entering the geophysical survey business at the most upstream part of the energy value chain and making efforts to accumulate experience and…

05 Sep 2019

India and Russia Sign Energy Deals

India and Russia have agreed on a five-year roadmap to step up cooperation in the hydrocarbon sector, including investment, not only in exploration and production in each other's oil and gas fields but also in downstream projects.India invited Russian companies to invest in its oil refining and petrochemical projects as the two nations vowed to increase energy cooperation going beyond LNG supplies and stakes in Russian oil and gas fields.According to a joint statement issued after India Prime Minister Narendra Modi's annual bilateral summit with Russian President Vladimir Putin in Vladivostok, Indian state-owned firms, which already have stakes in four sets of oil and gas fields in Russia…

26 Aug 2019

U.S. To “Drown The World” In Oil

A staggering 61% of the world’s new oil and gas production over the next decade is set to come from one country alone: the United States.According to a report by Global Witness, the sheer scale of this new production dwarfs that of every other country in the world and would spell disaster for the world’s ambitions to curb climate change – the effects of which we’re already witnessing through massive heat waves, flooding, and extreme weather.Earlier this year, we crunched the numbers from the latest climate science and industry forecasts and found that we can’t afford to drill up any oil and gas from new fields anywhere in the world if we’re to avoid the worst impacts of climate change.In our analysis…

12 Aug 2019

PG Flow to Supply Mud Agitators for MMA

Australian provider of marine solutions and expertise to the offshore oil and gas industry, MMA Offshore orders mud agitators for its AHTS MMA Chieftain, which is operating in the Middle East region.Norwegian pump and liquid handling specialist PG Flow Solutions will supply a set of PG-Submix 80 hydraulically driven mud agitators to the AHTS (anchor handling tug supply vessel), plus hydraulic power unit and control system. This proven solution meets with the stringent demands of Saudi Aramco, in the most efficient way available.MMA Chieftain is one of several OSVs being retrofitted with these solutions, said a press release.The MMA Chieftain is a key marine asset for MMA in the Middle East region.