THE Carbon Trust is calling for expressions of interest from potential partners within the scientific community to collaborate in the development of a world-class commercially viable pyrolysis oil upgrading process.
Oil & Gas
THE scale of growth that Locke has in mind requires in the order of $500million - a sizeable war chest with which to hit the acquisitions trail - and First Reserve is ready to step up to the plate. He doesn't want to see Abbot eclipsed by competitors or fall prey to them.
Within the current quarter, Marathon expects to start production from its much-delayed Alvheim cluster development on the Norwegian Continental Shelf.
Formal completion of a £906million deal that takes Abbot Group off the London Stock Market and into private equity is imminent.
The attraction to politicians of talking about energy policy is that it normally takes about five years before reality catches up with rhetoric - and by then, everyone has moved on.
The UK used to be known as the colonial power in India. However, today, the power is all with the rapidly expanding Indian economy.
ExxonMobil is looking for farm-in partners to its multi-trillion cu ft of natural gas potential Dunquin blocks in the Porcupine Basin.
ALVHEIM is located west of the Heimdal field on production licence PL 203 and the first discovery well was drilled in 1998. Well 24/6-2 was originally planned to test the hydrocarbon potential of the A2 North Heimdal T60 sand prospect within what is known as the Lista Formation in the northern part of the licence acreage in block 24/6.
SINTEZNEFTEGAZ is set to start drilling its Kunene-1 exploration well offshore Namibia in Block 1711 early this month, according to partner EnerGulf Resources.
A recent discussion with one of my partners, Paul Sheridan, who deals with environmental law, gave me some food for thought which I wanted to share with you.
Launched in December to a very receptive audience, the Oil & Gas Academy has the ambitious task of delivering a skilled workforce for the UK oil & gas industry now and in the future.
Well construction technology company Caledus has secured a milestone contract to provide bespoke equipment for some of the most complex extended-reach wells in the world.
There are differences on basic issues between Iraq's political parties and groups, and these are not expected to be resolved in the near future.
I have been quietly watching the Falkland Islands scene for a fair length of time and wrote about the first exploration programme 10 years ago. It was a drilling campaign that various industry rune readers have criticised over the years. I'm one of them.
The European Union's latest targets for the UK to achieve are a 20% improvement in energy efficiency - 10% of vehicles powered by biofuel and 15% of energy derived from renewable sources.
UKCS oil & gas production has been falling dramatically; however, the impact of that has largely been hidden by the beneficial effects of healthy commodity prices - at least to the industry and Government, if not consumers.
ExxonMobil has claimed a new world record for extended-reach drilling with its Z-12 well drilled on Sakhalin 1 in the Russian Far East.
LUNDIN has started the process of assessing potential farm-in partners for its SW Heather discovery in the UK Northern North Sea.
THE International Marine Contractors Association (IMCA) has issued a warning about false diving qualifications and the threat this poses to safety. It says there is a growing number of cases where divers have used, or attempted to use, falsified qualifications to gain employment or as a prerequisite for further training.
Fifty billion dollars will be needed to get Iraq's oil industry back on its feet - $40billion for developing already discovered, but undeveloped, oilfields, and $10billion for exploration.
UK independent Rockhopper says it has identified five oil and gas plays with a recoverable reserves potential of billions of barrels offshore the Falkland Islands and that there is a "substantial increase" in drillable targets.
FUGRO-ROVTECH, created as a result of the growth in the subsea sector and the strength in inspection services, is gathering momentum in its second year of operations.
A large number of new UK and international jobs will be created this year as Petrofac's mature oil&gas assets (brownfield) business accelerates and internationalises.
SCOMI Oiltools is planning to invest in the order of $20million on upgrading its Europe headquarters in Aberdeen over the next two years, with at least 50 new jobs likely as a result.
I GAVE up forecasting oil prices a few years ago. From the economic perspective, the equilibrium price - with demand and supply in balance - was then about $15 per barrel. It fell to about $10, which caused serious problems for many producers, not least in the North Sea, but has never been near that level since.