Offshore, Oil & Gas
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2017 Feb 27
platform
The Baltic Sea: Europe’s Forgotten $80 Billion Oil Play?
The Baltic Sea is universally known as a pathway for oil and product transportation, but little is known of its production potential. Yet a recent flurry of activity in the Baltic offshore has stirred hopes that the best is yet to...
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2017 Feb 04
Exxon west tuna platform
Esso Reports Oily Sheen at Australian Offshore Platform
This week, Australia's National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) said that oil firm Esso had notified it of an oily sheen next to the...
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2017 Feb 02
LNG ship
Preventing LNG Accidents Using Physics
Eskil Aursand is working to make marine production and shipping of liquefied natural gas (LNG) safer. His efforts were recently recognized with the award of a Fulbright Scholarship.
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2017 Jan 23
Rigs in Cromarty Firth
Oil transfer plan is scrapped, but port firm chiefs set to try again
Controversial plans to transfer up to nine million tonnes of crude oil between tankers at the mouth of the Cromarty Firth have been scrapped after the firm behind the scheme was ordered to withdraw its application.
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2017
Jan 21
U.S. exports fill Asia's LNG demand gap as market tightens
U.S. liquefied natural gas exporters sending tankers to Asia to fill a gap in the region's demand as markets have tightened more-than-expected on surging consumption in China and Pakistan as well as...
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2017 Jan 12
big-foot-project chevron
Gulf of Mexico Projects Lift 2018 Oil Forecast
In its first detailed short term forecast covering 2017-2018, the Energy Information Administration predicts that U.S. crude oil production will rise by 400,000 barrels per day, thanks in part to the completion of...
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2017 Jan 07
AltaGas
AltaGas Announces Positive FID on Canada's First West Coast Propane Export Terminal
AltaGas Ltd. announced this week that it has reached a positive Final Investment Decision on its Ridley Island Propane Export Terminal, having received approval from...
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2017 Jan 06
Statoil
Statoil to increase exploration drilling in 2017
Statoil plans to drill around 30 exploration wells in 2017, an increase of around 30% compared to 2016. More than half of the wells will be drilled on the Norwegian Continental Shelf (NCS).
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2017 Jan 03
oil and dollar sign
Oil prices rise as markets eye OPEC, non-OPEC production cuts
Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production, which kicked in on Sunday, will be effective in draining a global supply glut.
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2016 Dec 29
tanker
Asia's November imports of Iranian oil more than double from year ago
Imports of crude oil by Iran's four major buyers in Asia in November more than doubled for a second straight month from a year ago, with purchases by India and South Korea more than four times higher.