Global upstream capital spending should rebound this year, according to IHS Herold director Nicholas Cacchione, author of the research firm’s 2010 Global Upstream Performance Review, released last month. ‘In North America, E&P investment increased 30% in the first half of 2010…
Wave and tidal energy specialist Marine Current Turbines and its project partners Queen's University Belfast, Mojo Maritime and Edinburgh University, have secured a grant of £250,000 from the UK's Technology Strategy Board and the Engineering…
With the UK poised to introduce an offshore carbon storage licensing regime, a process and design optimisation specialist and an Aberdeen-headquartered engineering, construction, operations maintenance and project management group are planning…
Following a recent flurry of new contracts, Marine Subsea UK is currently carrying out a multi-client well abandonment programme for a number of North Sea operators. Managing director Alasdair Cowie talks to Meg Chesshyre about how he sees the multiclient approach as the way forward…
LOCH NESS SITING:AWS Ocean Energy began testing a 1/9th scale prototype of its new AWS-III wave energy device in Loch Ness. The device is a ring-shaped multi-cell floating power system that, at its full 60m-diameter scale, will be capable of generating up to 2…
‘It seems the world is feeling better,’ observed Talisman Energy president and CEO John Manzoni, striking an optimistic note in his keynote speech at the recent IP dinner in London. But, he wondered, is the oil & gas industry ready to drive…
The shaky economic recovery could be threatened if US energy policies push up prices, ExxonMobil chairman and CEO Rex Tillerson said in Houston last month.‘You can raise taxes, raise royalties – it's going to ultimately increase the cost of energy…
The trend toward putting more and more production equipment on the seabed – and in increasingly deeper waters – strongly challenges the offshore construction industry to continuously improve their ability to perform such activities in a safe and cost-effective manner…
Compact Azipod units promise the means of producing more efficient thrust for drilling vessels, saving fuel cost and cutting emissions. OE hears from developer ABB Marine.Bunker prices for the IFO380 grade fuel used by the majority of ships were on the rise at time of writing…
With an offshore network of over 7000 production platforms, 180,000km of pipelines and 40,000 producer wells already installed, the global offshore operations & maintenance market could be worth more than $330 billion over the next five years - and…
To share industry knowledge concerning the latest developments in emergency preparedness for subsea pipelines, TDW Offshore Services AS hosted its first pipeline conference in Stavanger, Norway. OE reviews some of the key issues and talking points…
With Gorgon, Pluto and other major LNG developments creating boomtown conditions in the Western Australian capital of Perth, this month’s Australasian Oil & Gas show looks to be in the right place at the right time.Perth is certainly the place to be for Australian and other offshore operators…
‘Innovation Now’ was the over arching theme of the 11th GE Oil & Gas annual meeting held in Florence early February.Meg Chesshyre was among the 930 industry attendees from 69 countries.--GE Oil & Gas’ Drilling & Production division confirmed…
The technical director and co-founder of Marine Current Turbines (MCT), the Bristol-based company that designed and developed the world’s only commercial scale tidal stream turbine – SeaGen – reports that it is now running at full power and fully automatically…
Offshore Arctic seismic exploration is not getting quite such a cold reception these days. Andrew McBarnet explains why.Frozen assets take on a whole new meaning when it comes to considering the purportedly huge oil and gas reserves in the Arctic Ocean region…
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