ITALIAN energy major Eni expects that it will cost at least $5billion to develop its Norwegian Barents Sea Goliat field, based on first oil around 2012.
Oil & Gas
COSTS associated with constructing new oil&gas upstream facilities have reached a new record high, according to the latest IHS/Cambridge Energy Research Associates (CERA) Upstream Capital Costs Index. They are up 6% over the past six months and have doubled since 2005.
IT RANKS as the most incredibly selfish act that Energy has yet encountered - the State of Alaska is to sue the US Interior Department at the US District Court in Washington to prevent the listing of the polar bear as a threatened species.
Every cloud has a silver lining - and offshore oil & gas industry divers could soon be reaping the benefits of a double rise in raw commodity prices for oil and helium.
Petrobras has notched up another significant sub-salt discovery offshore Brazil in the Santos Basin ultra-deepwater block, BM-S-8.
The UK's BMT Group has acquired ARGOSS, a specialist provider of marine environmental information services using satellite observations, meteorological and oceanographic data.
Contrary to much that has been written about the differences between generations regarding their attitudes toward work and their engagement in their jobs, these variations are actually relatively small, according to research just completed by Sirota Survey Intelligence
You may not think of Ukraine as a country with great potential for oil & gas exploration, especially in light of the yearly reports of Russia threatening to cut off supply to Ukraine because of its gas debts. These disputes cause some panic in Ukraine and more in Europe.
Gosh. Has another year gone by already? Another All-Energy show hung on the line. How frightening. So what happened? Have we made any real progress in developing a Scottish renewables technology sector?
The price of road fuel is again becoming one of the hottest political topics in the land. Just having paid £88 to fill my car with diesel, I share in the sense of aggravation.
This month, the Policy Exchange expects to publish a new report on how the Government can make carbon capture work in the UK by setting in place the incentives industry needs to make this happen. This is vital if New Labour is to live up to its pledges on greenhouse gas emissions.
SOME countries are perceived as better than others when it comes to driving forward HS & E standards, and Norway is an outstanding example in this regard.
Dateline - December, 2001; location - a drilling rig working somewhere offshore India; incident - "bed bugs on the rig, can't sleep".
StatoilHydro is to build the world's first full-scale floating wind turbine and test it over a two-year period offshore Karmoy, Norway, with start-up scheduled for autumn 2009.
The idea of embedding turbines in breakwaters to convert wave energy into electricity is not new. However, Norwegian company WAVEenergy is developing a variation on the theme that demonstrates considerable innovative flare.
Up to four floating production ships (FPSOs) may be needed for the huge Jubilee multi-fields project offshore Ghana, according to Bob Daniel, Anadarko senior VP worldwide exploration.
On May 22, in the UK's House of Commons, UK Energy Minster Malcolm Wicks claimed that the huge increase in oil prices during recent months had caught everyone by surprise.
AN OFFSHORE firm has called in specialist cleaners after bed bugs were found on a North Sea accommodation barge, it emerged last night.
THE impact of rising fuel prices was yesterday branded a "massive national outrage" by First Minister Alex Salmond.
Work on a Buchan energy plant's £350million regeneration scheme has ground to a halt, thanks to a family of young kestrels.
Hundreds of oil tanker drivers contracted to oil giant Shell have voted to go on strike in a row over pay, it was announced yesterday.
SNP energy spokesman Mike Weir last night stepped up attacks on Prime Minister Gordon Brown's plan to stave off soaring fuel costs by building more nuclear power stations.
The possibility of a North Sea incident developing into a disaster such as Piper Alpha has diminished in the last two decades, an industry leader claimed yesterday.
MORE than 70 oil and gas industry bosses are to attend today's annual Step Change in Safety leadership day in the Ardoe House Hotel, near Aberdeen.
A Chinese oil firm was linked yesterday with a possible bid for Talisman Energy, which has a significant North Sea presence.