Oil & Gas

Oil & Gas

EMGS wins GoM work

NORWEGIAN company Electromagnetic Geoservices has secured a multi-client data-licensing contract with a major international exploration and production operator for Clearplay 3D electromagnetic (EM) data from the eastern Gulf of Mexico. The deal is worth about $5.8million.

Oil & Gas

Statoil prepares for huge maintenance campaign

04/05/2009

STATOIL is mounting a massive North Sea campaign this year that will necessitate 21 production shutdowns on the Norwegian Continental Shelf. The shutdowns will allow for required maintenance and inspection, and many of its installations will be upgraded to expand capacity, implement technical improvements and extend their economic life. All this will be accomplished during the planned shutdowns, says Statoil.

Oil & Gas

Answer is blowing in the wind – really

04/05/2009

THE best ways to improve energy security, mitigate global warming and reduce the number of deaths caused by air pollution are blowing in the wind and rippling in the water, not growing energy crops on a grand scale or glowing inside nuclear power plants, says Mark Z. Jacobson, a professor of civil and environmental engineering at Stanford University in the US. He says that currently fashionable "clean coal" - which involves capturing carbon emissions and sequestering them in the earth, and which is currently flavour of the political month here in Britain - is not clean at all.

Oil & Gas

Big thinkers to talk strategy at OE ’09

At a time when the world's offshore industry is seeing huge changes in the way it does business, against a background of recession and tight-fisted banks, the need for strategic insight in upstream petroleum has perhaps never been greater, especially offshore where the highest stakes are being played.

Oil & Gas

Brazilian pre-salt play a stunner

Petrobras is totally reshaping Brazil's offshore petroleum industry with a string of spectacular pre-salt (sub-salt) oil discoveries which have, in less than two years, catapulted South America's leading producer up the international hydrocarbon reserves league table.

Oil & Gas

Petrobras leading the way with spectacular new-builds order book

Leader of the South American petroleum pack by miles is Brazil, its ascendancy largely down to the driving ambition of state-owned Petrobras, the reputation of which is legendary in upstream petroleum, especially deepwater. A measure of that determination is the company's latest five-year investment plan, rolled out early this year. At $174billion through 2013, it is 55% up on the previous $112.4billion five-year plan.

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