Turkey is extending its seismic survey operations in the disputed area of the eastern Mediterranean by nearly a week, a move which could add more tension to already strained relations between Turkey and Greece. Reuters reported on 21 November that Turkey was extending its…
The United Arab Emirates is boosting investment to make good on pledges to increase output capacity, even as it struggles against OPEC+ restrictions on supply. The OPEC member’s top body for energy policy, Abu Dhabi’s Supreme Petroleum Council, approved a 448 billion dirhams (US$122…
Earlier this month, Royal Dutch Shell Plc pulled the plug on its Convent refinery in Louisiana. Unlike many oil refineries shut in recent years, Convent was far from obsolete: it’s fairly big by US standards and sophisticated enough to turn a wide range of crude oils into…
Following reports that BP is preparing to sell its London headquarters, the oil major has now entered into an agreement for the sale of the HQ for £250.1 million (about US$331.9 million) in cash as well as an agreement for a two-year lease of the…
There are many causes of gas pipeline leakage accidents. In an industrial system dominated by diversified mechanisms, management and maintenance and construction quality are the main causes of gas pipeline leakage. Find out the basic causes of the accident and take timely preventive work….
Equinor must take action at the Oseberg field centre in the Norwegian North Sea, following an investigation of a lifting incident this April on the Oseberg B platform. The Petroleum Safety Authority (PSA) opened its inquest after a catwalk extender tipped over, causing an…
ReneSola Ltd, a leading fully integrated solar project developer, and Innova, a company which invests in and operates a diversified portfolio of UK renewable energy assets, with a focus on utility-scale ground mounted and commercial roof top solar installations, located at agricultural, industrial and commercial…
FPSO owner BW Offshore has reached an agreement with the government of New Zealand to cover the costs of continued operations of the stranded FPSO Umuroa. As a result, BW Offshore will cease the previously announced liquidation of its subsidiary which owns the FPSO,…
Integrating oil and gas, renewables, hydrogen and Carbon Capture and Storage (CCS) energy systems could deliver around 30 percent of the carbon reduction needed to meet the UK’s 2050 net zero target, according to a new report from the UK Oil and Gas Authority (OGA)….
In its 2021-2025 Floating Production Systems Outlook Report, Energy Maritime Associates (EMA) analysed the activity in 2020 and how the COVID-19 pandemic and subsequent crash in oil prices has affected the floating production market. According to the report, only six new floating production units…
