Offshore - Oil & Gas

  • ONGC uses offshore design and analysis software...

    A public-sector undertaking of the government of India headquartered in Dehradun, ONGC is a multinational corporation and the country’s largest oil and gas exploration and production company. It began oil exploration and production offshore India in 1976, and today operates 265 fixed platforms in water depths ranging from 25-90 m (82-295 ft). Most of the jacket-type platforms designed for 25 years of service had outlived their design lives. Some platforms underwent modifications to meet changing conditions or to enhance oil recovery, while others were considered noncompliant with Oil Industry Safety Directorate (OISD) requirements.

  • Flying drones generate power from wind

    Technology that uses flying drones to generate electricity from the wind is getting a boost from the Germany utility EON SE, which is backing a test project that may show if it can help cut the costs of producing power offshore.

  • Trump’s energy team: a big win for big oil?

    Trump’s cabinet picks include a host of oil industry veterans and allies, including former ExxonMobil CEO Rex Tillerson as Secretary of State, former Texas governor Rick Perry as Secretary of Energy and climate change sceptic Scott Pruitt as head of the Environmental Protection Agency. With the oil lobby pushing for more access to offshore oil licences and regulatory reform, could this be the cooperative cabinet that the industry has been hoping for?

  • Qatar set to remain dominant force in global LNG...

    Qatar’s plans to develop an export-oriented gas project in the North Field, with a capacity of about 2bn cu ft a day will help the country consolidate its position as a major LNG exporter while satisfying the rising domestic demand for natural gas.

  • Rosneft said to prepay about $1bn for Iraqi...

    Rosneft’s commitment to pay in advance for crude oil from the Kurdish region of Iraq is about $1bn, according to two people with knowledge of the matter who asked not to named as the supply deal is private.

  • LNG supply gap may form as investment drop...

    The global liquefied natural gas (LNG) industry will face a supply shortfall in about five years because low prices have discouraged investment in new production, major producers said on Tuesday at a gas conference in Chiba, near Tokyo.

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Aramco pushes for more Saudi localisation by signing world’s largest shipment yard

Saudi Aramco signed a shareholder agreement with Lamprell plc (“Lamprell”), the National Shipping Company of Saudi Arabia (“Bahri”), and Hyundai Heavy Industries Co. Ltd (“HHI”) to enter into a joint venture (“JV”) partnership with respect to the establishment, development and operation of a world-class maritime yard, which is the anchor project within the King Salman International Complex for Maritime Industries and Services located in Ras Al-Khair, near the Jubail Industrial City on the Kingdom’s east coast.

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