Article by Stephen Aw Amongst the growth of the renewable energy sector and the negative coverage surrounding the industry, it has not been plain sailing for the nuclear power sector of late. However, is the negativity surrounding the industry justified? Looking behind the headlines…
With an estimated daily fuel demand of more than five million barrels per day, the global aviation sector is incredibly energy-intensive and almost entirely reliant on petroleum-based fuels. Unlike other energy sectors such as ground transportation or residential and commercial buildings, the aviation industry…
Alberta has increased its oil production limits for May and June, the Alberta government announced earlier this week. May’s production limits will increase by a total of 25,000 barrels per day followed by another 25,000 more barrels per day in June. “As we…
Deepwater frontier successes are needed to sustain future exploration offshore north-west Borneo, according to a new report by Westwood. “Sabah & Sarawak Basins: Looking deep into NW Borneo” reveals that 153 exploration wells have been drilled in the region since 2008, resulting in 37…
Topaz Energy and Marine, an offshore energy logistics company, has signed contract extensions for 12 of its vessels currently supporting the offshore operations of BP Exploration (Caspian Sea) Limited in Azerbaijan. Topaz said on the 20th March that, under the terms of the agreement,…
DNV GL has opened an artificial intelligence research centre in Shanghai as it seeks new solutions to enhance its audit, inspection and survey services. The move recognises China’s position as a world leader in the technology and is another important chapter in DNV GL’s…
A total of £200 billion needs to be spent by exploration and production companies to exploit the UK oil and gas sector’s remaining potential fully, a new report has said. Industry body Oil and Gas UK (OGUK) said its Business Outlook Report 2019 showed…
Aker BP has confirmed an oil and gas discovery with a gross resource estimate of 60-130 million boe from the Froskelar Main exploration well in licence 869 in the North Sea’s Alvheim area. The nearby 24/9-3 (Gamma) oil discovery can be viewed as being…
A working meeting between Alexey Miller, Chairman of the Management Committee of Gazprom, and Isabelle Kocher, CEO of Engie, took place in St Petersburg on the 15th March. Through their respective representants, Gazprom and Engie discussed current Russian gas supplies to France. By…
Brexit Makes It Harder for Fintech, Financial Services Firms to Recruit Top Talent: Report Leaving the European Union is making it harder for fintech firms in Britain to recruit top talent, a report said on the 19th March, threatening to slam the brakes on a…
