Royal Dutch Shell Plc is taking small steps toward a future dominated by electric cars, renewable energy and carbon constraints, demonstrating its intent not to remain solely an oil and gas company. The energy giant agreed last month to purchase First Utility Ltd, the UK’s…
After a disappointing year for drillers, Norwegian authorities are reviewing their hopes for the Nordic country’s hottest exploration area. “In the part of the Barents Sea that’s currently open, you’ve sort of tried the elephants — the big opportunities,” Bente Nyland, the head of…
Shell has made a final investment decision on the redevelopment of the Penguins oil and gas field in the UK North Sea. The decision authorizes the construction of a floating production, storage and offloading (FPSO) vessel, the first new manned installation for Shell in the…
Three BP-operated North Sea fields have resumed production, following the repair of the Forties pipeline, which is used to transport oil and gas from a number of UK North Sea fields to the shore. The three fields in question are Bruce, Keith and Rhum. They…
Oil and gas majors will continue to strengthen investment into renewable energy and low carbon technology through 2018, although capital allocated in this area will still be significantly below volumes committed to conventional business activity. That is the view of oil and gas analysts…
London-based Tullow Oil expects to shut down production from its Jubilee field offshore Ghana three times during 2018 to enable the completion of the FPSO repair works. An issue with the turret bearing of the Jubilee FPSO Kwame Nkrumah, which resulted in the need…
Rockhopper Exploration and operator Premier Oil expect to sanction the Sea Lion Phase 1 project in the offshore North Falkland basin by the end of this year. Activity during the second half of 2017, Rockhopper said, focused on the commercial, fiscal and financing elements…
Homeland Integrated Offshore Services Ltd of Lagos has taken delivery of another Damen 3307 Patrol Vessel for operations in the offshore oil fields in the Gulf of Guinea. This takes the total delivered vessels/Guardians since the first arrived in early 2014 to four. …
On the 4th January 2018, the US Secretary of the Interior announced the US government’s proposal to make over 90 percent of the total Outer Continental Shelf (OCS) acreage, in federal offshore areas, accessible for future oil/gas exploration and development (full statement can be read…
Rising oil prices are leading some forecasters to predict they could hit US$80/bbl this year, according to a report from the Wall Street Journal. Oil is already trading at its highest levels in three years after a 22% gain for US crude futures over…
