In the face of a lot of hard evidence on the failure of renewable energy sources to defeat the physics of energy and laws of economics, the UN Intergovernmental Panel on Climate Change released its latest report on renewable energy development in May 2011 (www…
National Oilwell Varco is acquiring California-based fiberglass pipe manufacturer Ameron International in a deal valued at approximately $772 million. Subject to Ameron shareholder approval, the transaction could close as early as the fourth quarter…
Statoil last month launched a campaign urging the UK to make natural gas a key component in its long-term future energy. The operator argues gas can be an important part of securing UK energy supplies and cutting CO2 emissions, although political…
Earlier this year the refrain was ‘$5 natural gas forever', based on the US Energy Information Administration's (EIA) annual outlook, which argued that natural gas prices will remain below $5 per million btu until 2022. The underlying rationale was growth in the ‘vast' US shale gas resource base…
Multi-client specialist TGS took the marine seismic business by surprise last month with the purchase of Stingray Geophysical, a UK-based start up company focusing on seismic-based permanent reservoir monitoring (PRM). Andrew McBarnet discusses what prompted the move…
A resurgent UK offshore oil & gas sector is mired in fresh uncertainty following the coalition government's surprise imposition of what is, in all but name, a windfall tax on North Sea production. David Morgan reports.In his Budget speech last month…
Following two years of development, Aberdeen Drilling Consultants recently launched its new ADC Virtual Academy division, offering what they believe is the world's first online course focused on drilling equipment for the oil & gas industry…
A more optimistic view of the future of the southern North Sea gas and the hard-pressed East of England offshore supply chain emerged at a recent regional conference in Norwich. Meg Chesshyre reports.Having acquired assets from BP, Shell and BG in 2003 and ExxonMobil fields in 2007…
DNV expects shortly to issue the first ISDS (Integrated Software Dependent Systems) class certificate to Dolphin Drilling. This new state-of-the art class notation has been under development since 2008 and the class society says it is already in demand…
Once in a while I would like to look inward and discuss technical advances in the industry or how things have evolved. In the case of hydraulic fracturing, the process has emerged as the premier production enhancement technique in oil and gas…
Industry experts gathered in Houston late last year to discuss the future of floating LNG. Jennifer Pallanich joined them.A supply glut stemming from a wave of project sanctions between 2003 and 2005 followed by the North American shale revolution…
Post-Macondo efforts to improve well containment capabilities on both sides of the Atlantic moved into higher gear last month.In the US it was confirmed that Technip will handle front- end engineering and design of a proposed subsea well containment…
New reports point, cautiously, to better times ahead for the industry in 2011. But uncertainty in the post-Macondo Gulf of Mexico remains, as Russell McCulley writes.World oil demand bounced back in 2010 to its 2007 all-time high, according to a December report from Wood Mackenzie…
During the recent inauguration of the new premises of Alstom Hydro Ocean Energy on the island of Nantes, the French group revealed some of the key characteristics of its Beluga 9 tidal electricity-generating turbine and announced it will undergo its first tests in Canada's Bay of Fundy in 2012…
The ocean energy industry is still at a nascent stage, but burgeoning support in a few key markets, diverse resource potential and maturing technology are boosting the industry’s prospects for growth. That’s the verdict of a new IHS emerging energy research market study…
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