BW Offshore today announced the successful drilling and completion of the first development well, DTM-2H, located in the Tortue field, within the Dussafu License, offshore Gabon. Drilling of the oil production well commenced in late January 2018 and was completed with no safety-related incidents, on schedule and within budget. Interpretation of the logging results indicates…
UAE’s Abu Dhabi National Oil Co. (ADNOC) the state owned oil giant plans to build the world’s largest integrated refining and chemical site in Ruwais, United Arab Emirates, ADNOC’s chief executive officer said on Tuesday. At this weeks CERAWeek conference in Houston, Sultan al-Jaber, head of ADNOC, said downstream investments like refining and chemicals represent…
The UK engineering jobs market received good news this week with global rail manufacturer Siemens announcing its intention to build a major new factory in Goole in the East Riding of Yorkshire. This development, which could mean an investment of up to £200m, is a major step forward for Siemens’ journey in the UK. The…
This week Offshore driller Noble Corporation and tech giant GE have teamed up to launch the world’s first digital drilling vessel claiming to achieve significant operational cost savings and improve drilling efficiency. This is a concrete step forward to unlock the immense potential of digital solutions for offshore drilling operations,” GE said in a statement on Thursday. In…
Construction has begun on what will become on the worlds largest offshore windfarm, Hornsea Project One- which will be the first to exceed 1GW in capacity. Power company Ørsted, formerly DONG Energy, has two operational wind farms off the east coast; Westermost Rough and Lincs. Race Bank, nearing the end of construction, will be officially…
Oil majors Chevron and Total announced today a significant oil discovery at the Ballymore prospect in the Gulf of Mexico. Ballymore is located in the Mississippi Canyon area of the U.S. Gulf of Mexico, approximately three miles from Chevron’s Blind Faith platform, in water depth of 6,536 feet. Total’s acquisition of a 40% working interest…
Released plans by Dutch power grid aims to build an artificial island power hub possibly at Dogger Bank, which is located around 70 miles off the East Yorkshire coast, whose scale would dwarf current offshore sites. The radical proposal envisages an island being built to act as a hub for vast offshore windfarms that would eclipse…
The UK has achieved its greenest year ever in terms of how the nation’s electricity is generated, National Grid figures reveal. According to new data from analysis website MyGridGB, renewables provided more power than coal plants on 315 days in 2017- more than 90% of the year. Breaking renewables down shows that coal was beaten by wind…
Under a proposed new five-year drilling plan, the Trump administration is moving to vastly expand offshore drilling off US coasts- from the Atlantic to the Arctic oceans. The plans will open up federal waters off the coast of California for the first time in more than three decades. In addition, new areas would be opened…
In yesterdays budget speech, Chancellor of the Exchequer Philip Hammond revealed plans to introduce transferable tax history for the oil and gas industry by November 2018. In an effort of spurring fresh investment in UK oil and gas assets and spreading the multibillion-pound cost of decommissioning between industry and government. North Sea industry leaders have repeatedly…