Repsol and Petronas are on track to drill the much-anticipated Rencong-1X wildcat in the frontier deep waters of Indonesia’s North Sumatra basin.
The North Sea could have reserves of a potentially valuable new fuel dubbed "fire ice" - which is tipped to become the world's next major energy resource.
NORWEGIAN companies Petroleum Geo-Services (PGS) and SeaBird Exploration have teamed up in a strategic co-operation agreement to further develop ocean bottom node survey solutions for deep water.
Offshore giant BP insisted last night that deep-water drilling in the huge oil and gas fields west of Shetland would be less risky than similar exploration in the Gulf of Mexico.
NEAR-SHORE waves offer much better prospects for wave energy development than previously thought, according to a report published in the New Scientist. Indeed, author Dr Matt Folley, of Queen's University, Belfast, who has calculated how much energy can be extracted from all wave types, has found that near-shore waves offer almost as much exploitable energy as offshore waves.