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ExxonMobil the top explorer for 2018

According to Rystad Energy’s annual exploration review, ExxonMobil is leader of the pack among the top oil and gas explorers of 2018. This is because of its significant investment in Guyana. Rystad Energy looked at the number of exploration wells, net discovered resources and the value creation from wells drilled in new prospects during 2018.

India issues draft offshore wind energy lease rules

Under its National Offshore Wind Energy Policy, India’s Ministry of New and Renewable Energy has issued draft offshore wind energy lease rules for the development of offshore wind energy projects for production of electrical power within the Exclusive Economic Zone (EEZ) of the country.

AWEA: 2018 was a record year for US wind power

America’s growing demand for renewable energy combined with policy stability and low, stable prices helped wind power capacity installations in US rise to the third strongest quarter in the industry’s history, according to a new report released today by the American Wind Energy Association (AWEA). 

Taiwan raises the offshore wind feed-in-tariffs

The Ministry of Economic Affairs in Taiwan has set the new feed-in-tarrif (FiT) at  TWD 5.5160/kWh (EUR 0.156731/kWh) for the 20-year offshore wind Power Purchase Agreements (PPAs) signed in 2019. Also, Taiwan awarded a total of 5.5GW of offshore wind capacity in two separate tendering rounds in April and June 2018. 

Norway finds non-conformities on Equinor’s Visund

Norway’s Petroleum Safety Authority (PSA) has found irregularities during an audit of Equinor’s Visund field, located in the North Sea. The audit was conducted from 20 to 23 November 2018. The Authority checked all materials handling, safe use and maintenance of lifting equipment at Visund.

Bill introduced prohibiting offshore drilling in the Arctic

In order to protect the coastline of the US from the dangers of offshore oil drilling, Congressman Jared Huffman reintroduced, on January 8 the West Coast Ocean Protection Act and the Stop Arctic Ocean Drilling Act. TThe Stop Arctic Ocean Drilling Act would make the Arctic Ocean off-limits to any future drilling proposals by not allowing any new or renewed leases for the exploration, development, or production of oil, natural gas or any other minerals in the Arctic Ocean Planning Areas of the Outer Continental Shelf.

Global offshore wind capacity to increase nearly sixfold by 2027

Global offshore wind power demand is expected to increase almost sixfold over the coming 10 years, according to Wood Mackenzie. While offshore wind had only been deployed commercially across seven markets by the end of 2017, commercial projects are now expected across 18 countries by 2027.

PSA: Walkway incident on Tambar field could have been fatal

Norway’s Petroleum Safety Authority completed the investigation of the movement-compensated walkway incident on the Tambar field in July 2018, revealing several breaches of safety regulations. The Authority noted that Tambar is the only facility in operation in Norway, where an attempt has been made to land a walkway from a ship.

Two oil companies announce discovery in UK North Sea

CNOOC Limited has announced it made a new discovery on the Glengorm prospect, located in offshore UK Central North Sea. Along with the Chinese oil company, French-based Total S.A. followed, announcing its new significant discovery in the North Sea offshore UK, on the Glengorm prospect located in the Central Graben.


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