Tag: oil and gas industry

French energy company Total announced that its subsidiary, Total E&P USA, has entered into an agreement to capture 7 prospects operated by Chevron in the deepwater Gulf of Mexico. The agreement covers 16 blocks.

Tests conducted by researchers from University of Tasmania's Institute for Marine and Antarctic Studies and Curtin University have found that noise from seismic airguns used for marine oil and gas exploration significantly increases mortality in scallops.

DNV GL informed that it is cooperating with industry partners to determine how the industry can benefit from advances in alternative power engineering, especially in battery technology, to enhance the offshore oil and gas sector. 

China National Petroleum Corporation and Italian energy giant Eni signed a agreement, in order to cooperate in oil & gas exploration and production, gas and LNG value chain opportunities, trading and logistics opportunities, refining and petrochemicals.

Genoil Inc announced it has signed a tri-partite science, research and technical cooperation agreement with two leading Russian institutions, focusing, among others, on designing a low-cost desulfurization project to meet IMO 2020 sulfur legislation.

Based on a joint industry project, DNV GL is now launching a globally applicable recommended practice, addressing how oil and gas operators, together with system integrators and vendors, can manage the emerging cyber threat.

Oil and gas will be crucial components of the world’s energy future, according to DNV GL’s Energy Outlook. While renewable energy will grow its share of the energy mix, oil and gas will account for 44% of world energy supply in 2050, compared to 53% today. Gas will become the largest single source of energy from 2034.

The tanker market will register trade flow changes as a result of Tropical Storm Harvey striking the prime energy hub in the US, according to Drewry. However, Drewry expects no long-term material impact on the trade of crude oil and refined products, as the operations in Gulf of Mexico will resume in a week.

DNV GL issued its Energy Outlook report for 2017, to provide an understanding of the energy future, emphasizing that, over the next three decades, the world’s energy system will decarbonize and change in many ways. 

Offshore oil and gas operators in the Gulf of Mexico are re-boarding platforms and rigs, to assess their ability to resume normal operations, following Tropical Storm Harvey, according to the US Bureau of Safety and Environmental Enforcement.