Tag: oil and gas industry

In the last two decades, natural gas has become the fuel of choice for power generation, because electricity produced with gas has half the carbon dioxide emissions of coal power. Many see it as a "bridge" to a low-carbon energy future; in 30 countries, it already fuels more than half the electricity. But to the extent that gas isn't burnt for power, but escapes into the atmosphere, it harms the climate. That's because it's mostly methane, one of the most powerful greenhouse gases, 84 times as potent as CO2 over a 20-year period. While the extent of these emissions is not well known - a problem in itself - it is clear that they must be stopped. That is the goal of the new CCAC Oil & Gas Methane Partnership, launched last week at UN Secretary-General Ban Ki-moon's Climate Summit. The founding members include some of the world's top oil and gas companies: ENI of Italy, PEMEX of Mexico, PTT of Thailand, and Statoil of Norway, along with BG Group in the UK and Southwestern Energy in the US. "As a significant source of methane emissions, the oil and gas industry must take a leading role in addressing this issue," ...

Claxton, an Acteon company, has released an infographic guide to well abandonment costs in the North Sea

Kara-Summer-2014, a research expedition organized by the Arctic Research and Design Center, supported by specialists of Arctic and Antarctic Research Institute has been successfully finished. It was the most large-scale summer expedition in the Northern seas since the fall of the Soviet Union. During 57 days from the board of a state-of-the-art Akademic Treshnikov scientific exploration vessel researchers of different institutions were conducting research of least explored areas in water basins of the Northern seas: the Kara Sea, the Laptev Sea, the East Siberian Sea and the Sea of Chukotsk. Also the works were conducted off the coast of Novaya Zemlya, Severnaya Zemlya and De Long Islands archipelagoes. The objectives of the expedition included surveys in the fields of meteorology, oceanology, litho-dynamics, geochemistry, volcanology, observation of ice and icebergs as well as biological and environmental surveys. In the course of the Kara-summer-2014 expedition Rosneft company installed a modern automatic station on the Uyedineniya Island and thus fully restored weather observation system in the Kara Sea. Moreover, within this large-scale program for restoring weather observation system everywhere in the Arctic Region the company experts have put into service two more meteorological stations of the same kind on the Preobrazheniya Island in ...

Lloyd's Register Energy has released its findings from a major oil and gas survey conducted to assess the impact of innovation and investment by operators in America, Europe and Asia. The Technology Radar survey, launched at the start of the year, takes the pulse of technical innovation in the sector and looks ahead to the future investment drivers. The survey revealed the investment drives to be: Safety improvements (45%) Improving operational efficiency (44%) Reducing costs (43%) Accessing new reserves (29%) Increasing asset lifespan (27%)   Lead participants in the survey include commentary from UK Onshore Operations Group, Woodside Energy, Enertech, Maersk Drilling, TouGas Oilfield Solutions, Horton Wison Deepwater, Royal Dutch Shell, GE Oil & Gas, and also Douglas-Westwood, National Energy Technology Laboratory (US), and the Institute for the Analysis of Global Security. The Technology Radar survey is one of the largest polls on the issue of technology and innovation in the oil and gas industry. It takes in to account respondent's opinions and their business strategies in the near term (before 2020); the medium term (the years before and after 2020); and the longer term (from 2025 and beyond). Technology Radar survey is based on five research questions: Which technologies ...

The U.S. Coast Guard launched several assets in response to a report of a fire on board a natural gas drill platform in Cook Inlet

Lloyd's Register Energy has released its findings from a major oil and gas survey conducted to assess the impact of innovation and investment by operators in America, Europe and Asia. The Technology Radar survey, launched at the start of the year, takes the pulse of technical innovation in the sector and looks ahead to the future investment drivers. The survey revealed the investment drives to be Safety improvements (45%) Improving operational efficiency (44%) Reducing costs (43%) Accessing new reserves (29%) Increasing asset lifespan (27%) Lead participants in the survey include commentary from UK Onshore Operations Group, Woodside Energy, Enertech, Maersk Drilling, TouGas Oilfield Solutions, Horton Wison Deepwater, Royal Dutch Shell, GE Oil & Gas, and also Douglas-Westwood, National Energy Technology Laboratory (US), and the Institute for the Analysis of Global Security. The Technology Radar survey is one of the largest polls on the issue of technology and innovation in the oil and gas industry. It takes in to account respondent's opinions and their business strategies in the near term (before 2020); the medium term (the years before and after 2020); and the longer term (from 2025 and beyond). Technology Radar survey is based on five research questions Which technologies are ...

The study finds that future innovation to be driven by collaboration Lloyd's Register Energy has released its findings from a major oil and gas survey conducted to assess the impact of innovation and investment by operators in America, Europe and Asia.The Technology Radar survey, launched at the start of the year, takes the pulse of technical innovation in the sector and looks ahead to the future investment drivers.The survey revealed the investment drives to be:Safety improvements (45%)Improving operational efficiency (44%)Reducing costs (43%)Accessing new reserves (29%)Increasing asset lifespan (27%)Lead participants in the survey include commentary from UK Onshore Operations Group, Woodside Energy, Enertech, Maersk Drilling, TouGas Oilfield Solutions, Horton Wison Deepwater, Royal Dutch Shell, GE Oil & Gas, and also Douglas-Westwood, National Energy Technology Laboratory (US), and the Institute for the Analysis of Global Security.The Technology Radar survey is one of the largest polls on the issue of technology and innovation in the oil and gas industry. It takes in to account respondent's opinions and their business strategies in the near term (before 2020); the medium term (the years before and after 2020); and the longer term (from 2025 and beyond).Technology Radar survey is based on five research questions:Which technologies are ...

Poten & Partners estimates that with India's ever-growing population will come an increased demand for oil

PETRONAS on 22 September 2014 commenced the lifting of the first topside module for its FLNG facility at the Quayside of DSME shipyard

A joint industry project on jacking system maintenance and inspection has resulted in a new DNV GL Recommended Practice