Offshore, Oil & Gas
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2016 Feb 02
platform
Extreme Cost of Proposed Federal Rule Risks Shuttering Gulf Energy Production and Intensifying Economic Pain
Initial findings from a study conducted by international research consultancy Wood Mackenzie confirm that the high cost of a proposed new rule governing oil and gas operations in the Gulf of Mexico could significantly reduce domestic energy production and curtail U.S. economic activity, energy supplies, and state and federal offshore revenues.
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2016 Jan 27
Exxonmobile
ExxonMobil’s Energy Outlook Projects Energy Demand Increase and Decline in Carbon Intensity
Global energy demand will increase 25 percent between 2014 and 2040, driven by population growth and economic expansion, ExxonMobil said in the 2016 edition of The Outlook for Energy.
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2016 Jan 19
Offshore worker
Oil, gas salaries fall as price slump forces cost cuts
Oil and gas workers saw their salaries fall 1.4 percent over the past year after a sharp decline in oil prices forced their employers to trim costs, but their average global salaries remain high at more than $80,000 a year.
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2015 Dec 28
Tanker
Oil companies rush to exploit end of U.S. crude export ban
U.S. energy group Enterprise and oil trader Vitol raced to exploit the end of a 40-year ban on most U.S. crude exports, the first of many firms eager to "stress test" last week's historic opening.
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2015 Nov 19
Statoil
Statoil exits Alaska
Statoil is optimising its exploration portfolio and has decided to exit Alaska following recent exploration results in neighbouring leases.
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2015 Oct 15
LNG pipelines
Finland and Estonia apply for LNG pipeline funding
Baltic neighbours Estonia and Finland have applied jointly for up to 75% of the cost of a submarine natural gas carrying pipeline linking the two.
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2015 Oct 07
MARAD
MARAD Provides Funding to Further Study LNG As Propulsion Fuel for Maritime Industry
The Maritime Administration (MARAD) has announced a $900,000 cooperative agreement with Totem Ocean Trailer Express Inc. (TOTE) to further develop knowledge regarding the costs and benefits of vessel conversions to liquefied natural gas (LNG) propulsion.
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2015 Oct 06
Polar Pioneer
Shell Arctic drilling comes to an end, but rig could still be housed in Seattle port
Oil major Shell could still house some of its fleet in Seattle’s port despite pulling out of plans for exploratory drilling in Alaska.
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2015 Oct 03
Shell
Shell Withdraws from Arctic Exploration
Royal Dutch Shell has abandoned its Arctic search for oil after failing to find enough crude in a move that will appease environmental campaigners and shareholders who said its project was too expensive and risky.
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2015 Sep 16
Mining simulator
Deep Sea Mining Simulator for Solwara 1
Nautilus Minerals has signed a contract with Tree C Technology for a simulator and a mining site monitoring system for the world’s first seafloor production system at Solwara 1 in Papua New Guinea.
