oil and gas industry

Brazil expands oil drilling plans despite climate concerns

Although the climate concerns continue increasing and the UN leaders urge countries to immediately act and cut emissions of climate-altering gases, the Brazilian’s Energy Minister recently announced that Brazil plans to further expand its coastal oil drilling in the “pre-salt” oil and gas area. 

Manning, training and certification guidance for the offshore industry

The Bahamas Maritime Authority has recently issued guidance and instructions concerning the variation in qualifications and training required for people on Bahamian registered Mobile Offshore Units (MOU) as well as other such units, as determined by the BMA, used in the offshore oil and gas industry.

Companies selected for second round bids for Brazil’s refineries

In the second round of bidding for four of its refineries, Petrobras has allegedly selected four groups of companies. In fact, Reuter reports that the Chinese Sinopec, Abu Dhabi’s Mubadala Investment and the Brazilian companies Ultrapar Participações SA (UGPA3.SA) and Raizen have been chosen to go through to the next phase.

IUMI: Marine insurance market future remains uncertain

The International Union of Marine Insurance (IUMI) has released its 2019 statistical report, presenting a variety of statistical data for the maritime sector and the insurance market, highlighting the global uncertainty in the shipping industry and how this affects trade, the oil and gas industry, as well as the offshore sector.

Two Equinor workers injured in explosion in North Sea

Norway’s Petroleum Safety Authority (PSA) has launched an investigation into a serious work accident which took place on the Heimdal field in the North Sea on 28 November 2019, where two people were injured from an explosion in a gas cylinder.

Drones to efficiently improve oil and gas industry

A recently-launched report by Global Data, highlights the importance of drones in oil and gas industries, adding that drones will be proven to be beneficial in operations such as monitoring and surveillance of oil and gas sectors.

Equinor turns its drilling focus on Norway’s Arctic

The Norwegian oil company, Equinor, after several exploration efforts and many depressing wells in the frontier areas of Barents Sea, announced that from now on will pay attention to some of the Norway’s promising offshore productive areas, as it further goals to build a new oil province in its Arctic region.

Resolution exploration well in Gulf of Mexico to be abandoned

Kosmos Energy, the US-based oil and gas company, completed drilling the Resolution exploration well in the U.S. Gulf of Mexico. The primary exploration objective proved to be water-bearing, yet the well encountered reservoir quality sands.

Protesters board vessel aiming to halt oil operations

On Sunday, November 24, 30 people boarded the the Bahamas-flagged offshore support vessel, Skandi Atlantic, while it was preparing to leave the Port of Timaru in New Zealand in order to meet a drilling rig commissioned by OMV, with the aims to stop it from assisting OMV’s oil rig.

Governments to produce 50% more climate-compliant fossil fuels by 2030

The United Nations Environment Programme’s (UNEP) issued a report assessing countries’ plans and outlooks for fossil fuel production highlighting a significant production gap. The report was produced by leading research organizations, including the Stockholm Environment Institute (SEI), International Institute for Sustainable Development, Overseas Development Institute, CICERO Centre for International Climate and Environmental Research, Climate Analytics, and UNEP, and more than 50 researchers from numerous universities and research organizations contributed to the analysis and review.

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