According to new economic studies, opening the US outer continental shelf (OCS) to offshore oil and natural gas development would be an economic catalyst. API commissioned Calash and Northern Economics to analyse the economic impact of oil and natural gas development in the OCS…
Civic leaders in town after town along the 600-mile (966-kilometre) route of a proposed natural gas project have accepted poster-sized cheques from the Atlantic Coast Pipeline. Dominion Energy says it is being a good neighbour by handing out US$2 million in grants of around…
Wood has been selected to develop the world’s largest fully integrated crude oil to chemicals complex in the Kingdom of Saudi Arabia, on behalf of Saudi Aramco and SABIC. The company will provide front end engineering design and project management services during the engineering,…
Royal Dutch Shell is selling out of the ageing Draugen field in Norway and is also offering small stakes in several other fields, it has been reported. The sale process is part of the Anglo-Dutch company’s drive to sell US$30 billion of assets by…
The Rotterdam Offshore Community pavilion is a fact and will be joining Offshore Energy 2018 together for the first time. Chris van der Deijl, at Rotterdam Port Promotion Council, explained: “In previous years the Port of Rotterdam and other Rotterdam-based companies have exhibited, this…
XL Catlin hires EMEA energy boss from Allianz Nicola Harris joins XL Catlin from Allianz Global Corporate & Specialty where she was head of energy & marine, based in Dubai since 2014. Prior to that, she held a number of roles at Marsh in…
Cyber driven business interruption threatens energy sector Energy executives are increasingly concerned about the impact of cyber-attacks on their operations, according to insurance broker Marsh. Over three-quarters (76 percent) of respondents to a survey cited business interruption (BI) as the most concerning consequence of…
Ophir Energy has committed to a fourth development phase at the Bualuang oil field in the Gulf of Thailand. This will start with infill drilling in 2018 (three re-drills plus two workovers) and will continue next year with the installation of a new 12-slot…
Premier Oil expects to start development drilling early next year on the Bison, Iguana, and Gajah Puteri (BIGP) gas fields in the Natuna Sea offshore Indonesia. The company awarded an EPCI contract for BIGP in block A – involving subsea tiebacks to existing infrastructure…
Catcher is expected to reach an output rate of 60,000 barrels of oil per day in April. In its latest results update on the 8th March, Premier Oil revealed that the Catcher development, located offshore UK, is expected to reach an output rate of…
