Offshore - Oil & Gas

  • DNV GL - Oil & Gas appoints Brice Le Gallo...

    With Asia still the world’s largest market for LNG and accounting for 70% of global consumption, Japan has announced that it is making available US$10 billion for investment in government and private joint ventures to support the expansion of the Asian LNG industry. 

  • US Policy On Iran Won't Harm Its Oil Industry

    President Donald Trump’s revised hardline policy towards Iran will have little impact on Tehran’s ambition to develop its vital oil industry and attract foreign investment, a senior Iranian official said on Oct. 17

  • Thuraya joins hands with Gulfsat in new...

    DUBAI -- Thuraya Telecommunications Company announced today the signing of a partnership with satellite communications company, Gulfsat, at the ongoing OP, Offshore Patrol Vessels, event in Kuwait. This strategic alliance will enable Gulfsat to launch data services in Kuwait.

  • Kuwait oil revenues to hit $40.64bln for FY17/18

    By the end of September 2017, the first half of the current fiscal year 2017/2018 ended and the average Kuwaiti oil price for September scored US$ 52.3 per barrel, up by US$ 3.8 per barrel, 7.8%, from August’s average price of US$ 48.5 per barrel. It is also higher by US$ 7.3 per barrel, 16.2%, than the new budget hypothetical price of US$ 45 per barrel.

  • Oil & Gas Indonesia: Contractors Urge Gov...

    Again, oil and gas contractors in Indonesia urge the government to clean up bureaucracy (red tape) in this sector in order to make the investment climate more attractive, and hence trigger more (much-needed) investment in Indonesia's oil and gas industry.

  • National Oil and Gas Gateway consolidates well-...

    The National Oil and Gas Gateway is the first publicly available website with oil and natural gas well-level data from multiple states. The website was created as a collaborative initiative among the U.S. Energy Information Administration; the Groundwater Protection Council (GWPC) and its member states; and the U.S. Department of Energy’s Office of Oil and Natural Gas, part of the Office of Fossil Energy.


U.S. Dept. of Energy Invests in Offshore Wind Research

The U.S. Department of Energy announced an $18.5 million investment in an R&D consortium that will investigate technical issues related to the installation of wind turbines on the U.S. continental shelf. Industry members of the research group will contribute funding and will benefit from the study’s technological developments. In addition, $2 million will be allocated to DOE’s national laboratories to support the consortium’s activities.