Oil major BP has shown a wireframe glimpse of the Shah Deniz 2 platforms in Azerbaijan. The image was revealed after it was announced the offshore natural gas field project would receive a package of $1billion from the Asian Development Bank (ADB) and the European Bank for Reconstruction and Development (EBRD and the Black Sea and Trade and Development Bank (BSTDB).
AGR has moved two senior executives up to take the lead roles in the business.
The International Well Control Forum (IWCF), the independent organisation that sets international well control standards, has launched a new online administration system.
Australia is expected to announce plans to reduce its carbon emissions by at least 26% of 2005 levels by 2030. The move could see the country trail ahead of other regions. Australia is the world’s largest exporter of coal and iron ore and is one of the largest carbon emitters on a per capita basis due to its reliance on coal-fired power plants.
Kenya Power & Lighting Ltd., the East African nation’s sole electricity distributor, will sign two purchase agreements for 76 megawatts of geothermal energy and hydropower. The utility will buy 70 megawatts from Akiira Geothermal Ltd., a project developer, and Marine Power Generation Ltd., its development partner, it said. The distributor will also purchase 6 megawatts from Kleen Energy, a local hydropower producer.
The chairman of Ceona’s board has stepped down with immediate effect due to ill-health. The SURF contractor said John Smith had played a pivotal role in overseeing the growth of Ceona since its inception three years ago. Smith has worked in the oil and gas industry for more than 30 years and helped lead the process which formed Subsea 7.
Workers who were injured when a rig collapsed earlier this year have sued the rig manufacturer. The move follows an incident in the Bay of Campeche in the Gulf of Mexico in May in which a worker was killed. The 26 employees have taken legal action against Friede & Goldman and its affiliates Friede & Goldman LLC, FG Engineering Ltd and FG Engineering Ltd and FKA Friede & Goldman Ltd.
Technology company Optasense has appointed Jamie Pollard as its new chief executive.
Oil giant Shell is said to have ended its ties with the market lobby group the American Legislature Exchange Council (ALEC). The company said the move was as a result of their climate change stance being “inconsistent” with their own. A spokesman said:"While we engage with a number of organisations on selected, and often complex, energy topics, we don't always agree on every position adopted by these organisations.
A natural gas liquids pipeline has been shut after it went on fire in Colorado. Williams Companies said the incident occurred after the six-inch wide pipeline was struck by a third-party conduction excavation. No one was injured following the fire which was being monitored by the fire department.
Exploration research and analytics firm Hannon Westwood has acquired Novas Consulting for an undisclosed sum.
Egypt opens the New Suez Canal today and maritime services group, Global Navigation Solutions (GNS), has been named as supplier of all new charts for the waterway.
An offshore industry boss who thought he had picked up a bug while working in north Africa was diagnosed with one of the world’s rarest cancers. Tom Bruce – who was taken ill after a business trip to Egypt – lost his brave battle with the disease with his family at his bedside. And last night the 43-year-old oil and gas operations manager with Aberdeen-based Rowan Drilling was described as an “amazing professional” who never stopped fighting. Following his diagnosis with pseudomyxoma peritonei (PMP).he had “one good year” when he managed to work full time despite his illness. But in January his condition began to deteriorate and he started chemotherapy. The dad-of-two, who lived in Stonehaven, died at Roxburghe House in Aberdeen. His heartbroken wife Patricia described him as her best friend, a loving father and a “proud Torry loon”. Mrs Bruce said: “He was the best person I have ever met in my life. He was an amazing professional. “He was humble and I think that is why he got where he got. I am so proud. As a husband he always, always looked after us, always thinking about the future, always preparing for the future. “The plan was one day being in a hot country, retired, it didn’t happen unfortunately. He was my best friend, we always had so much to talk about.”
More strides are being made to make North Sea commuting safer for passengers and pilots alike.
Specialist training provider Survivex has developed a customised safety service package for oil major Nexen.
Finnish companies signed up to help fund a nuclear plant in the far north as a government deadline loomed to line up financing. State-controlled utility Fortum Oyj, stainless steel maker Outokumpu Oyj and real estate developer SRV Oyj on Wednesday announced plans to either buys stakes in the Fennovoima Oy project or increase their current holdings. Finnish investors had been deserting the project, approved more than five years ago, in droves as electricity prices declined and the country’s economy contracted. The last minute commitments from some local powerhouses may allow the government to fulfill its publicly stated goal of having 60 percent ownership for the new reactor from within the European Union and European Free Trade Association.
The cost of filling up an average diesel car has dropped by £3 in a month as the average price of diesel at the pumps fell 5p a litre, data shows. The fall - hailed as good news for people setting off on holidays - came as retailers began passing on the savings in the cost of wholesale diesel, which has been below that of petrol since the end of May. At the start of the month diesel was 120.63p, but by the end it had dropped almost 5p to 115.74p, according to the RAC’s Fuel Watch data for July. And on Wednesday July 29 the country saw the first forecourt price flip between diesel and petrol since summer 2001 with diesel at 116.28p, just below the average petrol price of 116.64p, the RAC said.
A senior official working for Iraq’s North Oil Company (NOC) has been shot dead – just a month after his predecessor at the state-run firm was killed. The chief engineer, Saad Ali Hussain, had been driving to his office in the city of Kirkuk when he was attacked.
Physically removing carbon from the atmosphere cannot be relied upon to prevent extreme global warming or save the oceans from acidity, scientists have warned. Carbon capture and enhanced natural “sinks” are simply not feasible methods of limiting warming because of the sheer scale of the challenge, according to one study. Another team found that even aggressive carbon dioxide removal (CDR) policies would take centuries and possibly thousands of years to reverse ocean acidification. In both cases, the experts concluded there was no way of dodging the need for substantial cuts in greenhouse gas emissions.
A new training academy aimed at giving people skills to find work in the oil and gas industry has produced its first graduates.
John Bell Equipment has expanded its presence in Scotland with the opening of new offices in Grangemouth. The pipeline equipment supplier said the facility will be used by four members of the sales team who originally worked in a subsidiary of the company.
Consumers will be able to switch energy supplier within 24 hours by 2018, under changes being introduced by the Government after a report found power companies were overcharging customers by £1.2billion a year. In a letter to the Competition and Markets Authority, Energy Secretary Amber Rudd said she was concerned that the retail market for gas and electricity is “not working well for consumers” and said the key to getting bills down was encouraging families to shop around. But Labour accused the Government of failing to take “strong action” to protect households from being ripped off.
The biggest night in the social calendar is back – and it promises to be more glamorous and better than ever.
The Islamic State (IS) group is fundamentally no weaker than it was when the US-led bombing campaign began a year ago, American intelligence agencies have concluded.
Improved North Sea oil and gas production helped the UK economy grow in the three months to July, but the strength of the pound remained a drag on exporters, according to a survey.