Written by Zachary Gray, BEng.Biosci, Chemical Engineering & Bioengineering Electricity is in, and fuel is out — The Royal Dutch Shell’s 50-year plan is in motion. Much to long-time shareholder’s chagrin, the 112-year-old global behemoth is pivoting their business model away from fossil fuels in…
Production from Lukoil’s Vladimir Filanovsky in the Russian sector of the Caspian Sea recently passed 15 MM metric tons (16.5 MM tons), nearly three years after start-up. Work continues on the third-stage of infrastructure development focused on the western part of the field, with…
Markel hires AIG’s Burgess to lead cyber Markel has appointed Chris Burgess to head up its cyber team in London. ArgoGlobal appoints new active underwriter for Lloyd’s Syndicate 1200 Lloyd’s insurer and member of Argo Group, ArgoGlobal, has appointed John Moffatt to serve as…
As tensions continue to mount between the US and Iran, the role of Middle Eastern oil in the global market is again in the spotlight. The US is now the leading global oil and gas producer, so the Trump administration wants to flex its…
Exxon emergency crews are working to isolate and contain a fire at its plant in Baytown, Texas. Firefighters are working to put out a fire that began on the 31st July at an ExxonMobil plant in Baytown, Texas. Exxon first posted on Twitter…
Oil major Shell has completed the sale of its Danish North Sea assets to Noreco for US$1.9 billion. The two companies had reached the agreement for the transaction in October 2018, and the deal, after some delays, was completed on the 31st July. …
Neptune Energy agreed to acquire additional interests in certain oil and gas fields in Germany from Wintershall DEA. The agreement will increase Neptune’s existing interest in the Bramberge, Meppen, and Annaveen oil fields in the Emsland region and in various gas fields in the…
Woodside Energy has contracted Boskalis Australia to perform seabed intervention and shore crossing works for the proposed Scarborough field export gas pipeline offshore north-west Australia. Assuming a positive final investment decision next year by the Scarborough Joint Venture, the value of the contract…
Hague and London Oil has announced an update on its operations in the Dutch and UK Southern North Sea. Spudding of Andromeda North Well The Andromeda North well has spudded in Block 42/12, in the Southern North Sea, in which HALO has a 45%…
Anticipated demand for offshore services brings with it an increased demand for workers as oil and gas employment shifts from shale to offshore, according to new analysis by energy research firm Rystad Energy. Looking at the oilfield services industry sectors with the highest percent…
