Oil & Gas

Oil & Gas

CT claims investment paves the way

MARINE Current Turbines (MCT) has raised £3.5million from an investor group led by Carbon Trust Investments Limited and including Bank Invest, EDF Energy, High Tide and a group of significant private investors. The funding is intended to help MCT in its plans to deploy what it hopes will be the UK's first commercial tidal energy farm in domestic waters within the next two years.

Oil & Gas

Bio-fuel not as green as thought

ETHANOL, which is often promoted as a clean-burning, alternative and renewable fuel capable of partially weaning Euro-motorists and their American counterparts off crude oil-based products such as diesel and petrol, may not be so green after all.

Oil & Gas

Offshore health – then and now

In the mid-1970s, the first British oil was brought onshore and, within 10 years, there were more than 100 installations in the North Sea. Technology has evolved over the decades, allowing companies to drill deeper and deeper under the sea to harvest oil from reserves that were considered to be exhausted

Oil & Gas

Shopping trip

NATIONAL Oilwell Varco has acquired Hochang Machinery Industries Company, a manufacturing and fabrication business with facilities in Ulsan and Geoje, South Korea, and its joint-venture partner, South Seas Inspection (SSI), a Singapore-based inspection, repair and maintenance provider.

Oil & Gas

Iara tested

PETROBRAS has completed formation tests on its appraisal well drilled offshore Brazil in the Santos Basin block BM-S-11 - the so-called Iara block.

Oil & Gas

Openwater record set

SHELL and Oceaneering International have set a new industry record in subsea well intervention by successfully replacing a failed subsurface-controlled subsurface safety valve in the US Gulf of Mexico using an "openwater wireline" technique at a water depth of 815m (2,673ft). This sets the bar for producing wells. Openwater wireline has previously been deployed only in shallower waters.

Oil & Gas

AGR Oz win

AGR Field Operations' Asia-Pacific unit has signed a three-year contract with Australian Worldwide Exploration (AWE) for operation and maintenance of its Perth Basin assets in Western Australia. Norwegian-owned AGR, which has a major Aberdeen presence, says the contract has provision for two successive two-year extensions.