Total, Novatek and the other project shareholders have approved the final investment decision (FID) for Arctic LNG 2, a major liquefied natural gas development located on the Gydan peninsula, Russia. The project will have a production capacity of 19.8 million tons per year (Mt/y)…
The UK offshore scene is poised for a timely comeback. That is according to independent energy research and business intelligence company Rystad Energy, which made the statement in a post on its website on the 3rd September. In the post, Rystad revealed that…
Norway’s Equinor and its partners started production from the Snefrid Nord gas field, the first discovery tied back to the Norwegian Sea Aasta Hansteen field, on the 1st September. Aasta Hansteen was developed using the world’s largest and Norway’s first spar platform. The…
Nord Stream 2 (NS2) has been subject to a vigorous debate and much disagreement on whether it provides an opportunity for diversification of gas supply to the European Union or facilitates Russian dominance. But some go even further, suggesting that NS2 could become excuse…
Since the 1950s, aerospace has made incredible progress in increasing both the power and efficiency of engines. Yet, recent studies suggest engine technology may be close to the thermodynamic limits on the amount of energy it can extract from carbon-based fuel at a reasonable…
Germany’s Federal Maritime and Hydrographic Agency (Das Bundesamt für Seeschifffahrt und Hydrographie (BSH)) has awarded Fugro a multi-annual geotechnical site investigation contract in the German North Sea and Baltic Sea. The programme will be completed in three phases over the next three years and comprises…
US-based ocean energy solutions company Ocean Power Technologies (OPT) said it has deployed a PB3 PowerBuoy to serve as an autonomous intelligent platform to provide communications and remote monitoring services for its customer Premier Oil at the Huntington field in the UK sector of the…
Major liquefied natural gas exporter Qatar Petroleum (QP) reported on the 2nd September that it has booked 100 percent of the regasification capacity at Fluxys Belgium’s Zeebrugge LNG terminal for the next quarter-century. During a ceremony in Brussels on the 2nd September officials with…
Sonadrill, Seadrill’s 50:50 joint venture with an affiliate of Sonangol, has secured a nine-well contract with six options, each for one well, in Angola for the new-build Libongos drillship. Seadrill said on the 4th September that the estimated total contract value is US$101 million….
Operators interested in exploration and development rights offshore Newfoundland and Labrador have until close of business on the 13th November to nominate acreage in two areas for inclusion in a call for bids next year. The Canada-Newfoundland and Labrador Offshore Petroleum Board is accepting…
