A vigorous recovery from the global aerospace industry has increased demand for nickel, a key aircraft component prized for its corrosion resistance, high strength and exceptional mechanical properties. This could inadvertently complicate or delay new energy infrastructure developments by diverting metal supply from critical sectors such as upstream, offshore and liquefied natural gas (LNG) terminals, which use nickel for various equipment applications in extreme environments.
In a key move to revitalise the Nigerian economy, the Senate Committee on Upstream Petroleum led by Senator Etang Williams, conducted an inspection tour at the Kaztec Engineering Facility in Lagos.
Altera Infrastructure has been awarded contracts for the redeployment of the FPSO Voyageur Spirit and the shuttle tanker Nordic Brasilia for the Baleine Phase 2 project, located offshore Ivory Coast.
Energy Chamber of Trinidad & Tobago release
The Energy Chamber of Trinidad & Tobago warmly welcomes the signing of three deepwater production sharing contracts between the Government of Trinidad & Tobago and a consortium comprised of bp and Shell.
Spending on conventional oil and gas exploration is on the rise and is set to top $50 billion this year, led by offshore investments, however, discovery volumes are falling to new lows, despite the rising investments. This is according to Rystad Energy, a Norway-based energy industry intelligence group.
Valeura Energy, the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Turkey, has temporarily suspended production operations at the Wassana oil field, offshore Gulf of Thailand.
NEW YORK CITY – In its latest Offshore Oracle report, Evercore ISI commented that “our bullish view about the offshore markets was already strong,” and key data points offered by SLB in a recent investor presentation in New York City “further validated our viewpoint.”
As the green energy push gathers speed, propelling the shift to renewable energy sources forward, this raises concerns about oil and gas projects being in danger of turning into stranded assets while the world hurtles towards net-zero.
Artificial Intelligence (AI) has emerged as some of the biggest secular megatrends of our time.
Adetola Bademosi, Abuja The Federal Government has approved the amendment of the 2022/2023 deep offshore oil blocks mini bid round. It said the move was in a bid to boost confidence in the transparency and continuity of the 2022/2023 Mini-bid Round process. The Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Engr. Gbenga Komolafe in […]