Despite the ongoing operating challenges for oil & gas companies in today's global economic markets, the sector remains active and continues to provide opportunities for investors.
Oil & Gas
RENOWNED petroleum industry economist Professor Alex Kemp is to lead the first of two new advanced Masters degree programmes at Aberdeen University.
THIS is your chance as a young professional - and almost certainly a university/college graduate - to influence the future course of the North Sea oil & gas industry.
This month's Oil & Gas UK Next Generation conference in Aberdeen is expected to attract hundreds of young energy professionals from the full gamut of disciplines.
The North Sea's Industry Technology Facilitator is launching a two-year talent hunt. The plan is to work with the North Sea and academia to build a pipeline of top-notch fresh faces into the energy sector by establishing industry-generated projects for use in postgraduate research .
THE sun has produced energy for billions of years. Solar energy is the sun's rays (solar radiation) that reach the Earth. Solar energy is free and its supplies are unlimited. Using solar energy produces no air or water pollution but does have some indirect impacts on the environment in the manufacture of technologies such as solar cells that convert that energy to electricity.
SEEN the steam from a car exhaust during cold weather just after mum or dad start the parental taxi in the morning? That's water vapour condensing.
StatoilHydro has thrown down the gauntlet to other oil companies by making the largest ever commitment to environmentally responsible offshore support vessels.
In recent years, we have seen a huge surge in compensation claims from people suffering the painful effects of hand-arm vibration exposure, often dating back many years.
Eighteen months ago, Chevron set up an Aberdeen satellite to its technology company in Houston. Prediction was that staffing in Europe's energy capital would build to about 70 by now, and it has, with the prospect of growing to 120 - more than originally anticipated.
IN 2007, there were two key events that will help set the future pace of lightweight subsea well intervention - and both involve the Aker brand.
The first quarter of 2008 saw a doubling of E & A (exploration and appraisal) drilling levels compared with the same period for 2007, with 20 wells started and nine sidetrack legs initiated.
TURNING to the wider subsea intervention scene, other companies continue to make progress, notably Island Offshore, whose latest interventional vessel, the 116m Island Wellserver, is scheduled for deployment with StatoilHydro, starting during the current quarter.
ITALIAN energy giant Eni has reported a new oil discovery in the Timor Sea in the jointly administered area held by Timor Leste and Australia. Eni said the exploration well, Kitan-1, was drilled in block JPDA06-105, some 500km off the Australian coast, to a total depth of 3,568m (11,707ft) and encountered a "significant" column of hydrocarbons.
NORWEGIAN company Awilco Offshore has taken delivery of its fifth ultra-premium jack-up drilling rig from the PPL Shipyard in Singapore.
TULLOW Oil plans to launch a new exploration drilling campaign on block 2 of its acreage in Uganda this month.
TOTAL has signed an agreement with Nigerian company Conoil Producing to farm into deep offshore block OPL257 for a 40% interest, leaving Conoil as operator with a 50% interest, while another Nigerian company holds the remaining 10%.
ADDAX Petroleum reports the successful appraisal of, and addition to, its Kita Marine discovery offshore Nigeria on block OML123. The KTM-6 well, drilled with Transocean's GSF High Island IX jack-up drilling rig, encountered an aggregate gross oil column of 52m (173ft) over four zones.
STATOILHYDRO is to drill its first offshore prospect as operator in Canada during Q4 this year. The target is the Mizzen prospect (Flemish Pass Basin) off the east coast of Newfoundland and Labrador and the Transocean rig, Henry Goodrich, has been secured for the operation.
STATOILHYDRO has struck oil and gas with the first well drilled on the Obesum prospect in the Norwegian sector of the Barents Sea.
UK PRIVATE equity fund Epi-V has taken an 18% stake in Tarblaster, a Norwegian company that specialises in technology designed to increase the efficiency of the oil recovery process for oil sands. The business was launched in 2006 by Olav Ellingsen, an entrepreneurial developer of innovative oil-recovery technologies. Epi-V's investment will enable Tarblaster to scale up its new technology and begin successfully commercialising it for the global oil sands market.
IT SEEMS that the long-awaited award of the last two blocks (5 and 6) in the licensing round for concessions in the Nigeria-Sao Tome and Principe Joint Development Zone (JDZ) will now be made in May, according to Patrice Trovoada, prime minister of Sao Tome. The round had been suspended 18 months ago.
IRAN has told Total and Shell that it will not extend the deadlines for completion of their South Pars development contracts beyond the present June, 2008, deadline.
A TOTAL of 148 BP employees working for TNK-BP have been recalled from Russia due to problems with registration, the joint venture has said.
PERENCO has been granted five new exploration blocks offshore Brazil in the deepwater sector of the Espirito Santo Basin. The company will operate blocks ES-M-416, ES-M-418, ES-M-472, ES-M-529 and ES-M-531 with 50% interest in partnership with Brazilian companyOGX Petroleo e Gas.