Shell Offshore, Inc has started production – around one-year ahead of schedule – at the first phase of Kaikias, a subsea development in the US Gulf of Mexico. According to Shell, the project’s estimated peak production is 40,000 barrels of oil equivalent per day (boe/d). Shell…
Scotland’s First Minister Nicola Sturgeon has announced £4.9 million in funding as part of a £31 million investment being made by Baker Hughes GE (BHGE) in a subsea equipment building facility in the north-east of Scotland. According to BGHE, the funding package will support…
The second line of the TurkStream gas pipeline, intended to ship Russian gas to southern European countries, will be directed to Bulgaria, Bulgarian Prime Minister Boyko Borissov announced on the 30th May after talks with Russian President Vladimir Putin. The gas pipeline is part…
Japan’s Mitsubishi Corporation has been awarded a contract for port construction in the Republic of Iraq. Extended by the General Company for Ports of Iraq (GCPI), the contract covers a port rehabilitation project in the country’s southern region of Basra and is valued at…
The number of electric and plug-in hybrid cars on the world’s roads exceeded three million in 2017, a 54% increase compared with 2016, according to the latest edition of the International Energy Agency’s Global Electric Vehicles Outlook. China remained by far the largest electric…
More offshore operators look set to deploy Autonomous Underwater Vehicles (AUVs) for Life Of Field Inspection (LOFI) programmes, according to Westwood Energy’s World AUV Market Forecast 2018-2022. One reason is that as developments move to deeper water, the vessels and ROVs (Remotely Operated underwater…
Norway’s Petroleum Safety Authority has given Norske Shell consent to drill exploration well 34/5-2 S in production licence PL 373 S in the North Sea. The well will investigate a prospect named ‘Tyttebær’. The well is to be drilled in the following location: 61°…
Malaysia’s Petronas reported it will take an equity position in LNG Canada, in Kitimat, BC, on Canada’s west coast, through its wholly owned entity North Montney LNG LP (NMLLP). If approved and on closing of this deal, ownership interests in LNG Canada would be…
Canopius appoints reinsurance Europe head from Emirates Re Specialty re/insurer Canopius has appointed Stephan Ott as its new head for Continental Europe, reinsurance. Mr Ott was most recently chief underwriting officer for Emirates Re and has held various senior underwriting positions in his career,…
Tullow Oil has hired Wood to design a pipeline needed to bring crude from Kenya’s Lokichar onshore fields to Lamu on the Indian Ocean coast. Kenya, which currently exports no crude, discovered commercial oil reserves in its Lokichar basin in 2012 and the 800-kilometre (500-mile) pipeline is expected…
