Oil And Gas Development News

20 Apr 2020

U.S. Tells China to Stop 'Bullying Behavior' in South China Sea

 The Chinese seismic vessel Haiyang Dizhi 8 - Image Credit: China Geologic Survey (File Photo)

The United States called on China on Saturday to stop "bullying behavior" in the South China Sea and said it was concerned by reports of Beijing's "provocative actions" aimed at offshore oil and gas developments in the disputed waters.Three regional security sources told Reuters on Friday that a Chinese government survey ship was tagging an exploration vessel operated by Malaysia's state oil company Petronas in those waters.The vessel Haiyang Dizhi 8 was earlier this week spotted off Vietnam…

23 Apr 2020

What Will COVID-19 Mean for US Offshore Wind?

© Bragapictures / Adobe Stock

What will COVID-19 mean for the offshore wind industry? An industry not yet spinning on its own.Epitomized by the roller coaster ride that defined the stock market over the last few weeks, unpredictability has emerged as one of the few certainties of the coronavirus disease 2019 (COVID-19) crisis. Every industry has seen the effects of the pandemic, from hospitality, to travel, and even to the renewable energy sector. Indeed, even though the US offshore wind industry is not yet fully established…

14 Nov 2019

USCG PSC Equals meaningful Polar Presence

An emperor penguin poses for a photo in front of the Coast Guard Cutter Polar Star in McMurdo Sound near Antarctica on Wednesday, Jan. 10, 2018. The crew of the Seattle-based Polar Star is on its way to Antarctica in support of Operation Deep Freeze 2018, the U.S. military’s contribution to the National Science Foundation-managed U.S. Antarctic Program. U.S. Coast Guard photo by Chief Petty Officer Nick Ameen.

The Coast Guard needs a ship that can do more than just break ice; it needs a multi-mission ship to provide for the nation’s security, asserting its sovereign rights, and protecting its long-term economic interests. That ship is the Polar Security Cutter.Since Russia cashed the check in 1867 for the purchase of Alaska the U.S. has been an Arctic nation. Today, it is one of eight countries that have territorial land or seas above the Arctic Circle or in the polar region (six of those countries have Arctic Ocean coastline or an exclusive economic zone above the Arctic Circle). The U.S.

21 Aug 2019

U.S. Support for Ghana Fisheries

Elizabeth Naa Afoley Quaye, Minister of Fisheries and Aquaculture Development. Photo: Ministry of Fisheries and Aquaculture Development

U.S. Agency for International Development (USAID) Ghana’s Acting Deputy Mission Director, Janean Davis said that United States is taking steps to improve fisheries in Ghana.Ms. Janean Davis, told the attendees in a conference in Ghana that “Together, we can help put in place the necessary structures and processes to consolidate the gains we’ve made in the fisheries sector over the past five years.”The Ministry of Fisheries and Aquaculture Development and the Fisheries Commission with support from the United States Government…

02 Aug 2019

Canada to Save Rapidly-Melting Arctic Ice

Image: WWF Arctic

Canada’s Arctic warming at three times the global rate, permafrost melting 70 years ahead of predictions, the worst polar wildfire season on record.To counter bad news on northern climate-change,  plans have now moved forward to protect Tuvaijuittuq. Meaning “the ice never melts” in Inuktitut, it’s a globally important area in the Canadian High Arctic almost the size of Germany.The Qikiqtani Inuit Association, working with the governments of Canada and Nunavut, has led the charge to make Tuvaijuittuq a 322,000 sq.

15 Jul 2019

OP/ED: Stronger Together

Image CREDIT: AdobeStock / ©_Ian Dyball

In 1941, geologist Orval Lester Brace stated “it may be tentatively assumed that the Gulf of Mexico is a potential source of salt-dome oil. Whether or not it will be economically feasible to explore these waters for the domes that must exist is a question for the future to answer.”  The future hypothesized by Mr. Brace was not nearly as far off as it seemed. Less than six years after his proclamation, Kerr-McGee Oil Industries, along with Phillips Petroleum, Stanolind Oil and Gas Co…

29 Nov 2018

IOG Delays North Sea Project Financing

Image: Independent Oil and Gas Plc

UK based oil and gas development & production company Independent Oil and Gas Plc (IOG)cautioned that current oil price volatility and capital market conditions aren’t conducive to deliver its financing plan for the core Southern North Sea project before year-end.The company which explores for and develops oil and gas properties in the North Sea said in a press release that it was ready to enter the execution phase of its core development project in the UK Southern North Sea,…

20 Jul 2018

UAE's Adnoc Awards USD 1.6bln Contract to China’s CNPC

Image: ADNOC

The Abu Dhabi National Oil Company (ADNOC) has awarded contracts worth AED 5.88bn (US $1.6bn) for the world’s largest continuous 3D onshore and offshore seismic survey, covering an area up to 53,000 square kilometres, as the company continues to identify and unlock new opportunities and maximize value from its hydrocarbon resources and deliver on its 2030 smart growth strategy.Adding to the 2D and 3D seismic data already acquired across Abu Dhabi, the new seismic survey will cover an area of up to 30…

25 Oct 2017

Training for Spill Response in East Africa

Photo: International Maritime Organization (IMO)

The question of how to manage emergency preparedness and response in the oil and gas sector was on the agenda at a workshop in Zanzibar, United Republic of Tanzania (17-20 October). Participants from countries across the East Africa region gathered to highlight good practices in developing national preparedness and response systems, as well as how to improve understanding of risk assessments related to oil and gas development and potential impacts on environment. The group also worked to identify areas for strengthening emergency preparedness and response at national and regional levels.

28 Sep 2017

Wison Launches Buoyant Tower Solutions with Storage

The overall effect diagram of New Buoyant Tower solution with storage (Photo: Wison)

Wison Offshore & Marine has developed a new Buoyant Tower solution with condensate or oil storage, adopting Wison’s proprietary Buoyant Tower technology. This floating concept provides a new economic and reliable option for the oil and gas development in the shallow to medium-depth waters. Originally invented by Ed Horton and Lyle Finn, the Buoyant Tower technology was first applied to BPZ CX-15 project offshore Peru when both Ed and Lyle worked for Horton Wison Deepwater Inc. (HWD), now renamed as Wison Offshore Technology Inc.

19 May 2017

BOEM Offers Cook Inlet Blocks Offshore Alaska

Pic: BOEM

The Bureau of Ocean Energy Management (BOEM) announced it will offer approximately 1.09 million acres off Alaska’s southcentral coast in a lease sale scheduled for June 21. Cook Inlet Oil & Gas Lease Sale 244 will offer 224 blocks toward the northern part of the federal Cook Inlet Planning Area for leasing. The blocks stretch roughly from Kalgin Island in the north to Augustine Island in the south. “We conducted a robust environmental analysis and look forward to holding Alaska’s first OCS lease sale since 2008,” said Dr. Walter Cruickshank, BOEM’s acting director.

28 Apr 2017

Op/Ed: Trump Signals New Day for Offshore Energy

© Lukasz Z / Adobe Stock

National Ocean Industries Association president Randall Luthi weighs in on President Trump’s Executive Order on offshore energy. It’s a new day and a new attitude for American energy. The National Ocean Industries Association (NOIA) applauds President Donald Trump’s Executive Order recognizing the vital role of offshore energy in an overall national energy policy. The Energy Information Administration (EIA) predicts that in the year 2040, traditional forms of energy, particularly fossil fuels, will provide almost 80 percent of our energy needs.

19 Jan 2017

Israel Bolsters Navy to Protect Offshore Oil & Gas

An Israeli Navy boat patrolling in the Gulf of Eilat Israel (AdobeStock 067097)

Offshore energy platforms a potential target; Israel accepting bids on 24 new exploration blocks. Israel is boosting spending on its navy to better protect offshore oil and gas deposits and secure a large maritime zone that abuts that of its neighbour and enemy, Lebanon. The navy asked in 2013 for an increase in its budget of $700 million to build up its systems and $100 million annually to maintain them, though the defence ministry declines to say how much it has since received.

20 Dec 2016

White House ‘Playing Politics’ Arctic Drilling Ban -AEC

Lucas Frances, (Photo: Arctic Energy Center)

The Obama Administration announced that it will ban offshore oil and gas development throughout much of the U.S. Arctic. Under the authority of a provision in a 1953 law, the decision designates "the bulk of the Arctic” indefinitely off limits. Commenting, Lucas Frances, spokesperson for the Arctic Energy Center, said, “This is a deeply frustrating development and one that will mean a bleak economic future for Alaska. After the White House cited a lack of industry interest in the Arctic for removing the region from the offshore leasing program…

18 Nov 2016

Op/Ed: Obama’s Parting Salvo at US Energy Security

Randall Luthi (Photo: NOIA)

Randall Luthi, President of the National Ocean Industries Association (NOIA), does not pull any punches as he weighs in on the Obama administration’s release of the Final 2017-2022 Outer Continental Shelf (OCS) Oil and Gas Leasing Program. The good news is we now have an offshore leasing plan for the next five years that includes a schedule for regular oil and gas sales in the Gulf of Mexico. The bad news is it is only half a plan. Offshore energy development is a vital part of the U.S. economy, providing jobs, energy security and much needed government revenue.

17 Oct 2016

Sailing into the Arctic’s Future

Randall Luthi (Photo: NOIA)

Last month, a large cruise ship completed its inaugural cruise through the Northwest Passage. The historic journey brought nearly 1,700 passengers from Seward, Alaska, past the rugged wilderness and isolated villages of the Arctic, to the concrete jungle of New York City. Along the way, passengers and crew were treated to a stunning contrast of climates, geography and culture. While understandable, concerns over passenger safety, wildlife disruptions and water pollution went unrealized during the historic cruise through the passage.

04 Oct 2016

Op-Ed: Alaska's Golden Offshore Opportunity

Credit: Shell McCown

Offshore energy presents a golden opportunity for Alaska and the United States. As we enter the final quarter of the year, one of the last and most pressing pieces of business facing the Interior Department is to finalize its next offshore leasing program, which will specify exactly which parts of the United States’ Outer Continental Shelf will be open to oil and gas development between 2017 and 2022. Having already cut the Atlantic from its proposed program back in March, the…

24 Aug 2016

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper. A total of three offshore energy companies participated in 24 bids. The sum of all bids received totaled $18,067,020. In this sale, part of the Obama Administration's continued commitment to safe and responsible domestic energy production, BOEM offered 23.8 million acres in federal waters offshore Texas for oil and gas exploration and development. “The Gulf of Mexico continues to be one of the most productive basins in the world and is an important part of our Nation’s domestic energy portfolio,” Hopper said.

08 Oct 2015

Urals Weakens Further in Baltic

Russian Urals crude differentials continued to slide in the Baltic on Thursday amid a flurry of activity with softer refining margins, pushed down by higher oil prices, still keeping buyers at bay. In the Platts window, Statoil bought a 100,000-tonne cargo from Glencore for loadings on Oct. 18-22 in the Baltic at dated Brent minus $2 a barrel, some 20 cents weaker than on Wednesday, traders said. Litasco, Total and Vitol have found no buyers with offers of minus $1.80, $1.75 and $1.85 to dated Brent correspondingly. In the south, Litasco increased its bids for 80,000 and 140,000 cargoes to minus 95 cents and minus $1.20 to dated Brent respectively, without success. The were no deals with both Azeri and CPC Blend in the Platts window.

30 Jul 2015

US Senate Energy Panel Votes to Lift Oil Export Ban

The U.S. Senate Energy Committee on Thursday passed a bill that would lift a decades-old ban on the export of crude oil. The 22-member panel passed the bill to allow the United States to export oil and boost state revenue-sharing for offshore oil and gas drilling by a vote of 12-10. Senate Energy Committee chair Lisa Murkowski, a Republican senator from Alaska, has been a long-time advocate for lifting the ban, which she said was outdated due to the rise of the United States as an energy power. In addition to unlocking crude oil exports, the bill would also speed up exports of liquefied natural gas and ensure that states that have offshore oil and gas development get their share of federal revenues. The bill will move to the Senate floor for wider debate later this summer.

27 Jul 2015

NOIA Applauds RI Offshore Wind Project

Randall Luthi (Photo: NOIA)

National Ocean Industries Association (NOIA) president Randall Luthi issued a statement congratulating “steel in the water” for Deep Water Wind’s Block Island Wind Farm, stating an all-of-the-above strategy combining offshore wind with offshore oil and gas off the U.S. Atlantic Coast benefits the U.S. on multiple levels. “NOIA congratulates Deepwater Wind as on-site construction begins on its Block Island Wind Farm offshore Rhode Island. It is gratifying that Deepwater Wind chose NOIA member company Gulf Island Fabrication for the off-site construction of the foundations for this project…

25 Jul 2015

Shell Gets APD for limited Arctic Drilling

Bureau of Safety and Environmental Enforcement (BSEE) personnel conducted inspections of Shell Oil Co. marine vessels Noble Discoverer and the semi-submersible drilling unit Transocean Polar Pioneer in Dutch Harbor, Alaska

After extensive review and under a robust array of safety requirements, Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno today announced that Shell has received conditional approval of two Applications for Permits to Drill (APD) to conduct limited exploratory drilling activities in the Chukchi Sea offshore Alaska. Specifically, the APDs limit Shell to drilling only the top sections of wells and prohibit Shell from drilling into oil-bearing zones. Shell currently is not permitted to drill into oil-bearing zones because…

16 Jul 2015

Subsea 7, KBR Team Up

Image: Subsea 7

Oslo-listed offshore shipowner Subsea 7 has signed an agreement with Houston-based company, KBR and its subsidiary Granherne, to form an alliance in the delivery of concept and front end engineering and design (FEED) services. This is the second alliance in a week after signing an agreement to combine resources and collaborate on selected projects with Houston-based OneSubsea. In a statement issued Thursday, Subsea 7 said the alliance would bring two market-leading companies together…

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