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About 30 major upstream projects expected in 2018

Following a significant recovery in upstream Final Investment Decisions in 2017, Wood Mackenzie consultancy expects a similar story in 2018 with around 30 major projects to reach FID. As noted, the upstream industry forges ahead with cost cutting, as projects that did get the greenlight are smaller.

BOEM assesses wind offshore potentials in US Atlantic Coast

Under the establishment of a US energy policy, BOEM announced it is conducting a high-level assessment of all waters offshore the US Atlantic Coast for potential future offshore wind lease locations. As part of its commitment to renewable energy and offshore wind, BOEM has awarded to date 13 commercial offshore wind leases.

First US floating offshore wind farm to be created

The Redwood Coast Energy Authority selected a consortium of companies including Principle Power, EDPR Offshore North America, Aker Solutions, H. T. Harvey & Associates, and Herrera Environmental Consultants, to enter into a public-private partnership for the development of an offshore wind energy project off the Northern California coast. 

New project eyes robots in the offshore industry

Robots could soon be working autonomously alongside humans on a North Sea platform, as part of a new project from the Oil & Gas Technology Centre, Total and taurob, in partnership with Technische Universitaet Darmstadt. The 18-month project will develop and trial a mobile robot for autonomous operational inspection on Total’s facilities.

Bahrain makes largest oil discovery since 1932

The government of Bahrain announced discovery of a new tight oil and deep gas resource in the Khaleej Al Bahrain Basin, located off the west coast of the Kingdom. This represents the largest discovery of oil in the country since 1932, when extraction started on Bahrain’s first oil well within the Bahrain Oil Field.

Reopening Beaufort Sea to offshore drilling a huge risk, warns WWF

In response to the US Bureau of Ocean Energy Management’s call for nominations covering a proposed lease sale in Alaska’s Beaufort Sea, WWF warned that any step to expose America’s Arctic Ocean to offshore drilling, threatens the region’s marine wildlife and coastal communities, as well as the ecological future of the Arctic itself. 

New quality assurance process to boost efficiency of US offshore

BSEE has implemented a new quality assurance process for reviewing and assessing its permitting systems. The new directive requires the agency to conduct periodic review and assessment of permitting processes for consistency, timeliness and efficiency across the various districts and regions within the agency.

OSV scrapping rates reach 150% increase in 2017

Offshore Support Vessels scrapping has been increased by 153%, because of the large downturn that the offshore industry has seen since 2014-2015. This made more and more companies to scrap their OSVs, rather than keep them. So far in 2018, 43 OSV vessels have been sold for scrap. In the first three months of 2017 only 17 vessels were sold.

Significant oil discovery in North Sea

Oil and gas company Apache announced that it made a significant oil discovery on Block 9/18a Area-W in the United Kingdom sector of the North Sea. Garten is located 6 kilometers south of the Beryl Alpha Platform. The Garten discovery encountered more than 700 feet of net oil pay reservoirs.

Massachusetts to provide most offshore wind energy in the US

Massachusetts could produce more energy from offshore wind than any other state in the US, according to a new report from the Environment Massachusetts Research & Policy Center. Namely, offshore energy can provide 19 times the state’s annual electricity consumption.


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