Shell to cut cash to alternative-energy projects
SHELL says it will no longer invest in any alternative energy technology that is not economically viable.
Oil & Gas
Nationalisation looms as resources shrink
IN 1985, worldwide production was a little over 60million barrels and yet there was about 10million bbls spare capacity. There was a real cushion in the market.
Robertson: ‘NOCs need IOCs’
AS FOR whether or not NOCs need IOCs when main contractors are perceived as possessing so much of the capability needed, Peter Robertson is very clear - NOCs need IOCs for a whole bunch of reasons.
Is the game up for the majors?
So are IOCs' days numbered? The CEO of Italian energy conglomerate Eni, Paolo Scaroni, believes that is the case and has said so in open forum on several occasions.
That’s 17 finds so far and still counting on Angola’s block 31
BP CONTINUES its stunning run of discoveries on Angola's ultra-deepwater block 31 with Leda, the 17th find to date. The latest lies in the north-central part of the concession, some 415km north-west of Luanda and 12km south-west of the Marte field.
Bullish outlook for the trees market
Quest Offshore anticipates a reasonably buoyant market for subsea trees during 2009. Indeed, the Houston-based analyst is forecasting a 12.1% compound annual growth rate over the next five years. This compares with 3.6% over the prior five years.
Poyry launches scholarship programme for Scotland
One of the most ambitious scholarship schemes ever put together in Scotland for the oil&gas sector is poised for launch by global engineering and consultancy group Poyry.
Orders, a cancellation and setting new world records
Swire Pacific Offshore has signed a shipbuilding contract with Singapore Technologies Marine (ST Marine) to design and construct a new seismic acquisition vessel.
Banks wrecking projects not on
There is now clear evidence that banks are destroying opportunities - both oil-related and offshore wind - so undermining jobs and the ability of companies to survive the downturn. Given the IHS/CERA report of just a few days ago that warned of serious consequences if there is not a rapid recovery of investment in boosting oil&gas output, short-sighted decision-making by the banking fraternity is plain stupid.
Banks wrecking projects not on
There is now clear evidence that banks are destroying opportunities - both oil-related and offshore wind - so undermining jobs and the ability of companies to survive the downturn. Given the IHS/CERA report of just a few days ago that warned of serious consequences if there is not a rapid recovery of investment in boosting oil&gas output, short-sighted decision-making by the banking fraternity is plain stupid.
Urgent call for companies to sign up to Master’s help
The Energy Talent Development (ETD) programme sponsored by Scottish Enterprise and driven by ITF, SPE and the Energy Institute is looking for new industrial-related projects for Master's courses in the current academic year.
GoM crude replaces WTI as oil-price marker
Crude oil is actually a variable commodity. Most of us working in the industry never see it, simply pumping different types of petrol or gasoline into our cars.
Do what I say, not what I do
Read this: "And it is only by investing in environmental technology that we can end the dictatorship of oil, and it is only by tackling climate change that we create the millions of new green jobs we need".
UK drags feet yet dares to lecture
More than 40% of electricity generated in the world comes from coal-fired power stations. That is doubtless a matter for regret, but it is a statistic that is not going to change greatly for decades to come.
City partners take non-invasive route
The global population of floating production units is growing rapidly, with Brazil, US Gulf of Mexico and West Africa out in front in terms of their application.
Four IOCs apparently selected to bid major Iraqi oilfield
Iraq's oil ministry is reportedly in advanced talks with three to four IOCs - apparently Chevron, StatoilHydro, Total and one other - about a development contract for the 6.5billion-barrel Nahr Bin Umar field.
New deals boost firm’s global expansion plans
Walker Technical Resources (WTR), an Aberdeen business specialising in composite pipe repairs for the oil and gas industry, yesterday unveiled some key deals on its way to further global expansion.
NOCs v IOCs – battle lines drawn
National oil companies are increasingly in the headlines. That's hardly surprising as they control more than 80% of known global oil&gas resources, yet much of the Western oil&gas supply chain is ignorant both of their scale and power.
Contract award for city subsea company
SUBSEA oil and gas company TSMarine (Contracting), of Aberdeen, has been awarded a series of contracts worth a total of about £2million to carry out a well abandonment programme for two major operators in the North Sea.
Shell’s South Uist gas hunt delayed
Shell has delayed plans to drill on the South Uist (blocks 213/25a and 214/21a) prospect north-west of Shetland. Drilling was to start in May, but the summer is now more likely due to slippage of drilling rig Leiv Eiriksson's schedule.
Focus on women in energy sector
THE role of women in the energy industry came under the spotlight at an event at the Mercure Ardoe House Hotel and Spa at Blairs, near Aberdeen, yesterday.
Faroe disappointed by Norwegian well
FAROE Petroleum, the Aberdeen-headquartered oil and gas company, reported mixed results yesterday from a well drilled on the Hyme prospect in Norwegian waters.
Tendeka unites companies’ expertise
A NEW Aberdeen-based parent for three energy technology providers was launched yesterday.
Venture’s production up by 15% in first quarter
VENTURE Production, the oil and gas operator which has its headquarters in Aberdeen, said yesterday that its production during the period January 1 to April 1 averaged 51,300 barrels of oil equivalent per day (boepd) - up 15% on the same period last year.
Business opportunities in offshore activity
MORE than 150 delegates have the opportunity to improve their grasp of the business opportunities presented by the decommissioning of the oil and gas infrastructure at an Oil & Gas UK conference on May 26-27 in Newcastle