Heerema Marine Contractors has signed a new contract to support the construction of a wind farm project, this time in Taiwan. Assigned by the Taiwan branch of Jan de Nul, Heerema will take on the installation of 21 jacket foundations (4 legged) for the Changhua project. The Changhua Windfarm Phase 1 project is situated in…
Renewable Energy sources will be the world’s main source of power within two decades and are establishing a foothold in the global energy system faster than any fuel in history, according to BP. The UK-based oil company said wind, solar and other renewables will account for about 30% of the world’s electricity supplies by 2040,…
A significant gas discovery in the central North Sea is being described as the biggest find in more than a decade. Chinese state-owned company CNOOC said it made the gas discovery – equivalent to 250 million barrels of oil – in its Glengorm project, east of Aberdeen. Further appraisal work is planned, but it is…
Plastics and other petrochemical products will drive global oil demand to 2050, offsetting slower consumption of motor fuel, the International Energy Agency (IEA) reports indicates. Petrochemicals are set to account for more than a third of the growth in world oil demand to 2030, and nearly half the growth to 2050, adding nearly 7 million…
Life on board a North Sea oil platform can now be explored from the comfort of your sofa as the world’s first virtual tour of Cygnus, the largest single producing gas field in the North Sea Google Street View tour of an offshore installation has been launched by operator Neptune Energy and its partner Spirit Energy. It is…
Rystad Energy report has predicted that the remainder of 2018 could be exceedingly fruitful for the offshore oil and gas industry with upwards of 100 projects expected to be sanctioned. Rystad’s latest oilfield service report puts the level of investment at £73.5 billion at an average cost of around £735 million per project. By contrast,…
A study by tidal power company Atlantis has concluded that 2GW of tidal energy could be harnessed if a barrier were built between the tip of Normandy’s Cotentin peninsula and the British Channel Island of Alderney. The site, estimated to have the strongest tides in Europe, could begin generating 1GW of energy by 2025, with…
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…
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…