Interest remains strong for high-impact exploration drilling in the North Sea, according to Westwood Global Energy Group, despite a success rate of only 12% over the past five years. Between 2015 and 2019, according to the consultant, 124 exploration wells were drilled across the…
ConocoPhillips will start restoring curtailed Alaska and Lower 48 production in July after cutting back production for second-quarter 2020. Surmont production should increase from curtailed levels in this year’s third quarter. For second-quarter 2020, curtailments were primarily related to oil production and averaged…
Equinor is leading a project to develop one of the UK’s – and the world’s – first at-scale facilities to produce hydrogen from natural gas in combination with carbon capture and storage (CCS). The project, called Hydrogen to Humber Saltend (H2H Saltend), provides the…
Japanese engineering company Chiyoda Corporation announced on the 25th June that its pilot hydrogen project had begun to provide clean fuel for gas turbine power generators at a Japanese power plant using hydrogen imported from Brunei. The project is the world’s first implementation of…
The Trump administration’s plan to add as many as 50 oil tankers to an already long list of sanctioned vessels would be enough to send global shipping costs surging under normal circumstances. But the demand fallout from the pandemic may have freed up enough…
Kvaerner has been awarded by Allseas a contract to dismantle and recycle three large topsides, three jackets, and four bridges from Aker BP’s Valhall and Hod fields located offshore Norway. The contract involves a combined weight of 33,000 tonnes, as well as options for…
Exploration drilling has started on the Lukoil-operated ultra-shallow water Shirotno-Rakushechnaya prospect in the Russian sector of the Caspian Sea. The well, drilled from the jack-up Astra, is north of the company’s ongoing V.I. Grayfer field development, in a water depth of 4.5 metres (14.7…
Ampelmann, the Dutch offshore access provider, has secured five new contracts in offshore wind over the course of a month with Norwegian companies BOA, Volstad, Olympic Shipping, Siem Offshore and DOF. The company will provide two A-type and three E1000 systems, which will aid…
A new generation of boutique cruise ships is set to emerge, with the luxury of a superyacht, the construction techniques and passenger experience of a cruise ship and a close focus on the environment. These cost optimised vessels will serve the charter and luxury…
INEOS AG subsidiary INEOS Styrolution Group GmbH has agreed to purchase the entirety of BP PLC’s standalone global petrochemical assets in a deal worth US$5 billion. The proposed sale – which includes INEOS’s purchase of 14 of BP’s petrochemical manufacturing plants in the Asia…
