A sustainable energy system can be achieved more quickly if the existing oil and gas infrastructure in the North Sea, some of it already written off, is combined with existing and new wind parks. In this way the North Sea can play an important…
FPSO operator BW Offshore expects activities in the offshore field developments sanctions to pick up, following years of underinvestment caused by the oversupply of oil in the market. Providing its quarterly results, BW Offshore said: “Offshore production of oil and gas is expected to…
Oil Minister Jabar Ali al-Luaibi has announced that the re-construction and rehabilitation of the first unit of the Al-Kask refinery in Ninawa is complete. The facility can process 10,000 barrels of oil per day (bpd). Work is continuing to finish the second unit,…
Asian spot liquefied natural gas prices breached the US$9 per million British thermal unit (mmBtu) mark this week, a three-year summer season high driven by crude oil gains, production outages and demand from key Asian consumers. Spot prices for July delivery in Asia were…
Oil prices fell the most in 11 months in New York as Saudi Arabia said it expects OPEC and its partners to boost supplies later this year, easing restraints intact since early 2017. US futures were down four percent, the biggest drop since the…
Total and its partners have taken the final investment decision (FID) to launch the Zinia 2 deep offshore development in Block 17, 150 kilometres offshore Angola. The Zinia 2 project will have a production capacity of 40,000 barrels per day (b/d), sustaining Pazflor field…
The value of exploration and production activity across the UK Continental Shelf (UKCS) continues to rise with firms also now equally optimistic about the North Sea and international markets for the first time since 2013 according to an industry report released on the 24th May….
Shell has made a large oil discovery with its Dover exploration well in the Norphlet geologic play in the deep-water US Gulf of Mexico. The Dover discovery, drilled by the Transocean Deepwater Poseidon ultra-deep water drillship, is Shell’s sixth in the Norphlet and encountered…
The report, now available on ASDReports, recognises the following companies as the key players in the global wind power systems market: General Electric, Nexans, Prysmian Group, Siemens Gamesa Renewable Energy, Vestas, and Xinjiang Goldwind Science & Technology. Commenting on the report, an analyst said:…
The world is a big place, but it has become smaller with the advent of technologies which put people from across the globe in the palm of one’s hand. And as the world has shrunk, it has also demanded that things happen ever faster –…
