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20 Oct 2022

DNV, JIP Partners Enter Phase 2 To Develop Best Practices For Safe Offshore Wind Installation

© benoitgrasser/AdobeStock

DNV and its partners on Thursday confirmed the completion of Phase 1 of a joint industry project (JIP) on Bottom Impact and Partially Submerged Conditions, which has resulted in a new framework for optimizing the installation process of offshore wind turbines. "New partners are encouraged to join Phase 2, which will focus on validating models and establishing common best-practice guidelines to the benefit of the entire industry," DNV said."Offshore wind-turbine installation is…

05 Nov 2014

BHP to Test U.S. Oil Export Legal Limits

BHP Billiton Ltd is set to be the first company to export lightly processed ultra-light U.S. oil without explicit permission from the government, further testing the limits of an increasingly contentious ban on foreign sales. Eight months after two other U.S. energy firms said they had received the first formal authorization to sell domestic condensate abroad, BHP said it had determined that its oil would also meet the legal criteria for export since it was being minimally processed in distillation towers in South Texas. "We took the necessary time to thoroughly examine the issues involved and ensure that the processed condensate was eligible for export…

02 Oct 2014

Exxon CEO: Lifting Crude Export Ban Would Create US Jobs

Rex W. Tillerson (Photo: Exxon Mobil)

Scrapping a decades-old ban on U.S. crude oil exports would spur job creation and boost energy security by encouraging new investment that lifts production, Exxon Mobil Corp's chief executive said on Thursday. Chief Executive Officer Rex Tillerson, speaking to a business group, said trade restrictions should also be lifted for exports of liquefied natural gas, or LNG, which are subject to lengthy regulatory reviews. Dozens of companies are lining up to export LNG and a superlight type of crude oil known as condensate as U.S.

02 Apr 2013

Centrica Energy Delivers First Production

Photo: Centrica Energy

Gas production has begun from the Rhyl gas field in Morecambe Bay, helping to secure the future of 400 North West jobs and boost energy security for the U.K. The Rhyl field, located 39km off the coast of Barrow, was first discovered in 2009 and is wholly owned and operated by Centrica Energy. Gas from Rhyl will be produced through Centrica Energy’s existing North Morecambe platform, then come onshore to its Barrow terminal complex by pipeline for processing. This is the first…

28 Mar 2006

India Launches Oil & Gas Auction

Launching a major global initiative for attracting foreign investment in the hydrocarbon sector, India auctioned 55 oil and gas exploration blocks. India offered for sale the onshore and offshore blocks to potential investors, including Brazil's Petrobras, BP (British Petroleum) and Malaysia's Petronas. Of the 55 blocks available for bidding in the new exploration licensing policy - the sixth round (NELP VI), and the coal bed methane - third round (CBM III) of bidding in India, 24 are in deepwater, 6 in shallow water and 25 onshore. Ten onshore blocks are available under the CBM III round of bidding. The new law passed by parliament recently sets up a gas regulatory structure, the absence of which had deterred foreign investors previously.