Mexico's regulator has approved Shell's exploration plans for four deepwater areas, after it gave the green light to five others earlier this week, committing Royal Dutch Shell to invest at least $791 million. The plans stipulate that Anglo-Dutch Shell could invest up to $1.06 billion in the four blocks, mostly...
Rex has previously looked to farm-down a substantial part of its ownership in the Block 50 license containing the GA South #1 discovery to lower its holding risks, however, it announced the change of strategy in early October. The company is now considering keeping a high equity stake...
ENI and Total will explore Caspian oil and gas blocks in offshore Kazakhstan, targeting Abay and Kashagan, plus onshore Karachaganak and Dunga. ENI is focused on exploration offshore in Kazakhstan while Total works onshore. Kazakhstan’s state-owned KazMunayGas and Eni Isatay, a subsidiary of the Italian energy company Eni, plan to...
Turkey will drill offshore in the EastMed (Eastern Mediterranean) and press its claims to hydrocarbon deposits offshore Cyprus despite EC (European Union) restrictions. Turkey has the longest coastline of any Mediterranean country. It has on every possible occasion conveyed its commitment to the protection of its sovereign rights in the...
Royal Dutch Shell announced that production has started at Appomattox floating production system months ahead of schedule, opening a new frontier in the deep-water U.S. Gulf of Mexico. Appomattox, which currently has an expected production of 175,000 boed, is the first commercial discovery brought into production in the deep-water...
DNV GL is urging offshore oil and gas operators to implement a new solution using floating wind turbines to power water injection for oil recovery. “WIN WIN” (WINd powered Water INjection) was conceived in 2013 by DNV GL and is now ready for prototype development after two joint industry projects...
Fugro is set to commence its first project using new multipurpose ROV support vessel, Edda Sun, with mobilisation for the IRM contract planned for March 2019. With a recently announced two-year charter of the Edda Sun, Fugro has enhanced its IRM, construction and decommissioning support services in Europe. The Edda Sun...
Plastic waste and microplastics pollutes the entire Northern Sea Route, Russian scientists have confirmed. The results of a recent expedition may provide crucial information about how some of the world’s most remote ocean areas are affected by the global issue of microplastics. The Russian newspaper Izvestiya this week reported about...
Wärtsilä LNG propulsion and storeage systems will power four new next-generation short-sea cargo vessels under construction at the WuHu Shipyard in China. Wijnne & Barends Chartering based in the Netherlands, an affiliate of the Dutch Spliethoff Group ordered the vessels and placed the contract with Wärtsilä in December. The ships will...
Cortec Corporation’s VpCI®-391 water-based coating is transforming transit and storage protection options for equipment manufacturers, suppliers, and owners. This removable coating delivers exceptional corrosion protection for indoor and outdoor applications and dries to a thin, clear film which is virtually unnoticeable. VpCI®-391 can be used to protect both unpainted...