Chevron Corp. has installed a new 4,600 hp platform rig on the compliant piled tower in the Benguela Belize fields off Angola and will begin production later this summer from wells predrilled in 2004.
Operators that donate obsolete platforms to the Louisiana and Texas artificial-reef programs in the Gulf of Mexico often can lower decommissioning costs.
With the recent entry of both coalbed methane from the Bowen, Surat, and Sydney basins and conventional natural gas from new offshore fields in the Gippsland, Bass, and Otway basins, the eastern Australian gas market has undergone significant change.
What if US congressional conferees actually manage this time to reconcile sharply different energy bills passed by the House and Senate? What if they don’t, and comprehensive energy legislation fails again? It’s not too soon to ask.
Chevron Corp. raised its offer for Unocal Corp. to $63.01/share of Unocal, up from its previous $60/share offer in a complicated deal that is 40% cash and 60% Chevron stock
Sakhalin Energy Investment Co. (SEIC) has warned of sharply higher costs for Phase 2 of the Sakhalin II project in Russia’s Far East, according to Royal Dutch/Shell Group, parent of the lead partner.
Offshore wind energy installations, mainly off Europe, will attract $13.6 billion in investment during the next 5 years, predicted analysts Douglas-Westwood Ltd.
The UK will be increasingly reliant on oil and gas to meet its primary energy needs during the next 10-15 years despite efforts to promote renewable energy sources, the UK Offshore Operators Association Ltd.
By now, everyone has heard about global warming, although the extent of the effect is still under debate, as is the impact of human activities on the level of warming.
A “higher-than-expected level of drilling” is likely in the near future since already robust activity has failed to stem declines in US natural gas production, say industry analysts.
