The Canada‐Newfoundland and Labrador Offshore Petroleum Board (C‐NLOPB or the Board), Canadian offshore oil & gas regulators, has issued a call for bids in three parcels of Jeanne d’Arc region.
At the 6th Latin American Energy Economics Meeting, held in Rio de Janeiro on April 3, 2017, Paulo Pedrosa, Executive Secretary of the Ministry of Mines and Energy, declared that Brazilian government aims to raise 7.2 billion euros (24 billion Reais) with auctions to explore and produce Oil and Gas in the presalt exploration areas.
Offshore Oil & Gas platforms are engineering projects with pharaonic sizes, taking several years and billions of dollars to be completed. But when completed, they are able to extract Oil & Gas from one of the most inhospitable places on the planet: oceans’ soil.
New Zealand is offering a large area of offshore and onshore acreage for oil and gas companies to explore. Bids should be submitted before September 6, 2017 in order to obtain exploration permits.
The final investment decision for starting a joint-project named Kaikias has been taken by Shell Offshore Inc., subsidiary of Royal Dutch Shell, and MOEX North America, wholly owned subsidiary of Mistui Oil Exploration Co.
Snake-like robots are inspired by the stability and wave-like locomotion of serpents and it presents itself as a solution to allow mobility in challenging and unknown environments, such as deep-waters, remote mountains and even the human body. Offshore companies, such as Statoil and Kongsberg Maritime in Norway and CYC International in Singapore have been using these robots to improve the safety of subsea inspection and maintenance.
Jerome Cuny, one of the Open Ocean founders. highlights the uses for sophisticated metocean hindcasting in offshore oil and gas operations in Oilfield Technology Magasine. He explains how does ocean modeling work and what is the challenge of ocean numerical simulation.
By matching the development of floating wind turbine technology with the oil industry’s need for water injection for maximizing oil recovery, DNV GL proposed a concept called WIN WIN, which stands for WINd- powered Water INjection. WIN WIN comprises a floating wind turbine which supplies power to a water injection process, and is a fully stand- alone system that includes pumps and basic water treatment.
Oil prices reflect supply and demand balances, with increasing prices often suggesting a need for greater supply. Producing greater supply, in turn, typically requires increased investment in exploration and production (E&P) activities.
David Cameron, the Prime Minister of the UK, has announced a £250 million package to boost the North Sea oil industry.