The Petroleum Safety Authority Norway has completed its investigation of an incident involving a dropped object on the Jotun B facility on 19 May 2018. The authority informed that it found a number of breaches of the regulations. PSA asked Point Resources, Jotun B’s operator, to explain by 15 October how it will deal with the non-conformities.
Saudi Aramco has awarded a contract to China Harbour Engineering Arabia for the construction of two drilling islands under the company’s Berri Increment Program. The two drill sites will have an approximate overall area of 616,553 square meters and 263,855 square meters respectively.
Although global premiums for the offshore energy insurance sector dipped by 5% in 2017, signs of recovery are on the horizon. This was the key outcome for the offshore sector of this year’s International Union of Marine Insurance (IUMI) conference in Cape Town.
Oil and gas sales value in Scotland has risen by 18.2% between 2016-17 and 2017-18, according to figures by the Scottish government. The figures also show that despite the slight decrease of 1.7% in the latest year, production of oil and gas remains 23.1% higher than the level recorded in 2014-15.
Environmental law organization, ClientEarth has filed a complaint to Sweden’s Supreme Administrative Court to stop the construction of a 510 kilometre-long section of the Nord Stream 2 gas pipeline in Swedish waters. The environmental lawyers argue that the construction documents are incomplete and inaccurate.
California’s Governor Edmund G. Brown Jr. signed a legislation to block new federal offshore oil drilling along California’s coast, and announced the state’s opposition to the federal government’s plan to expand oil drilling on public lands in California. The legislation prohibits new leases for new construction of oil and gas-related infrastructure.
Oil & Gas UK published its Economic Report 2018, revealing an improved landscape for the sector, with reduced costs, competitive fiscal terms, improved performance and more stable prices, but, also a record low drilling activity and a potentially damaging supply chain squeeze.
On Friday, oil majors Equinor, Shell and Total, submitted an application for an exploitation permit for a subsea reservoir for injection and storage of CO2, under the ‘Northern Lights’ project . This was the very first time the authorities have announced a licensing round for injection and storage of CO2.
In mid-August, Norway’s Petroleum Safety Authority (PSA) carried out an audit of drilling and emergency preparedness on Equinor’s Snorre B facility, in the North Sea. The audit did not identify any non-conformities, but two improvement points.
The European Commission has granted approval to the EnFAIT €20 million tidal energy project to proceed to its next stage, after a successful first year of design development and operations. The project aims to prove that the cost of tidal energy can be reduced by at least 40%.
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