Home

Content about oil

May 9, 2012
Fuel from the ocean

Making the case for mining plastic debris from the oceans for fuel. 

Upcycling is the practice of taking waste and transforming it into something of similar or greater use and value. The Upcycle the Gyres Society is making waves arguing that now is the time to clean up the oceans from floating plastic pollution and transform it into billions of dollars worth of fuel.

Recently launched, with a crowd-funding component, its path forward is to help localize high concentrations of marine plastic debris, collect underwater micro plastics, and surface macro plastics, and turn them into diesel, gasoline, and kerosene.

May 8, 2012
Tullow finds more oil in Kenya

Tullow Oil has announced the discovery of further oil at one of its wells in the Kenya Rift Basin.

Tullow Oil has announced the discovery of further oil at one of its wells in the Kenya Rift Basin.

The Ngamia-1 exploration well, located onshore Kenya in Block 10BB, has been drilled to an intermediate depth of 1,515 metres, with the total net oil pay encountered so far increasing to more than 100 metres across multiple reservoir zones.

May 2, 2012
DMG Events: The Big 5

The Big 5 International Building and Construction Shows in Dubai and Jeddah are going from strength to strength. Event director Andy White talks about innovating to attract more high value visitors and to facilitate exhibitors’ export potential.

The Big 5 International Building and Construction Shows in Dubai and Jeddah are going from strength to strength. Event director Andy White talks about innovating to attract more high value visitors and to facilitate exhibitors’ export potential.

April 30, 2012
Pluto LNG commences production

Australia’s Woodside Petroleum has begun producing LNG from its Pluto LNG Project near Karratha in Western Australia, the company announced today.

Australia’s Woodside Petroleum has begun producing LNG from its Pluto LNG Project near Karratha in Western Australia, the company announced today.

Woodside will soon be loading its first cargo aboard the Woodside Donaldson LNG tanker for shipment.

The project processes gas from the Pluto gas field, located in the Carnarvon Basin about 190 kilometres north-west of Karratha.

April 26, 2012
Kenmare Resources

The world wouldn’t be quite as white as it is without an expanding titanium minerals mining operation in the wilds of Mozambique, as Alan Swaby learns from managing director Michael Carvill.

The world wouldn’t be quite as white as it is without an expanding titanium minerals mining operation in the wilds of Mozambique, as Alan Swaby learns from managing director Michael Carvill.

April 26, 2012
Shell reports increased first quarter profits

Royal Dutch Shell reported results for Q1 2012 today, with profits up through a combination of improvements in performance and volumes, as well as strong oil prices.

Royal Dutch Shell reported results for Q1 2012 today, with profits up through a combination of improvements in performance and volumes, as well as strong oil prices.

Shell’s first quarter 2012 earnings were $7.7 billion compared with $6.9 billion in the same quarter a year ago – an increase of 11 percent.

“We are making good progress against our targets to deliver a more competitive performance,” said chief executive officer Peter Voser.

April 24, 2012
Allantone Supplies Ltd

Allantone Supplies focuses on keeping the maritime traffic that bustles around the UK well supplied with fuel. Running a short-notice, niche operation, the company makes customer service its top priority.

Allantone Supplies focuses on keeping the maritime traffic that bustles around the UK well supplied with fuel. Running a short-notice, niche operation, the company makes customer service its top priority.

April 13, 2012
Providence paid final $6 million for Nigerian oil field

Ireland’s Providence Resources has confirmed it has received the final payment of US$6 million for the sale of its Nigerian interest, OML 113.

Ireland’s Providence Resources has confirmed it has received the final payment of US$6 million for the sale of its Nigerian interest, OML 113.

The payment marks the end of Providence’s asset portfolio restructuring, allowing it to focus on its core areas of offshore Ireland and onshore United Kingdom.

April 11, 2012
Ghana Chamber of Mines

CEO Dr Toni Aubynn talks about the key issues relating to the role of mining in national development.

Ghana’s resource industry is regulated by the government but it is a complex business. For nearly 110 years, the Ghana Chamber of Mines has been working to createthe right basis for addressing key issues relating to the role of mining in national development.

April 7, 2012
Green crude pioneer Sapphire Energy adds $144 million to its tank

 

Sapphire Energy, Inc., one of the world leaders in algae-based green crude oil production, has secured the final tranche of $144 million investment funding. 

 

Sapphire Energy, Inc., one of the world leaders in algae-based green crude oil production, has secured the final tranche of $144 million investment funding.

Readers of our 1 April story about profal oil need not be sceptical. It’s not the first of April today.

April 4, 2012
Cairn Energy to buy Norwegian Agora Oil & Gas

Scottish oil explorer Cairn Energy has announced the acquisition of Agora Oil & Gas, a private Norwegian company with assets in the United Kingdom and Norwegian North Sea.

Scottish oil explorer Cairn Energy has announced the acquisition of Agora Oil & Gas, a private Norwegian company with non-operated, exploration, appraisal and development assets in the United Kingdom and Norwegian North Sea.

The transaction is subject to consent from the relevant regulatory authorities in the UK and Norway.

Agora will add drilling activity to Cairn's 2012 exploration and appraisal programme, with nine wells, eight firm and one contingent, scheduled to be drilled in the UK and Norway in 2012.

April 4, 2012
CONCO

South Africa-based high voltage power contractor CONCO expects to double its turnover within the next three years. Clive Pillay explains how the company is preparing to meet this enormous growth in demand.

South Africa-based high voltage power contractor CONCO expects to double its turnover within the next three years. Clive Pillay explains to Gay Sutton how the company is preparing to meet this enormous growth in demand.

April 4, 2012
Cypher Environmental

Cypher Environmental has been working hard to provide the mining industry with high quality dust control, soil stabilization and water treatment products that meet the growing requirement for sustainability, as president Todd Burns explains.

Cypher Environmental has been working hard to provide the mining industry with high quality dust control, soil stabilization and water treatment products that meet the growing requirement for sustainability, as president Todd Burns explains.

April 1, 2012
The alternative to the alternatives

Forget hydrogen. Forget wind, sun, geothermal and ethanol. Business Excellence can tell you exclusively today that the future of alternative energy is profal oil.

Forget hydrogen. Forget wind, sun, geothermal and ethanol. Business Excellence can tell you exclusively today that the future of alternative energy is profal oil.

Never heard of it? That’s because its discovery has been kept a closely guarded secret for political reasons. Now that our reporter in the South Atlantic has broken the story, however, the world’s press is heading to the Falkland Islands en masse.

March 21, 2012
Shell Iraq: Majnoon

Shell Iraq is part of a consortium working to significantly increase production at the Majnoon oil field in southern Iraq. But the project has not been easy: some of the major challenges to date have included de-mining, safety and marsh preservation, as Becky Done discovers.

Shell Iraq is part of a consortium working to significantly increase production at the Majnoon oil field in southern Iraq. But the project has not been easy: some of the major challenges to date have included de-mining, safety and marsh preservation, as Becky Done discovers.

March 20, 2012
Wessex receives surprise offer from Total

Wessex Exploration has received a surprise takeover offer from French oil major Total, sending the Bristol-based company’s shares rocketing by over 30 per cent.

Wessex Exploration has received a surprise takeover offer from French oil major Total, sending the Bristol-based company’s shares rocketing by over 30 per cent.

Total said it is looking to buy Wessex, which has interests in the south of England and offshore Africa, for around £71 million.

March 15, 2012
First commercial flow achieved at Barryroe

Providence Resources has announced that its Barryroe well has delivered the first commercial flow rate of oil offshore Ireland.

Providence Resources has announced that its Barryroe well has delivered the first commercial flow rate of oil offshore Ireland.

Barryroe is located at a depth of 100 metres in the North Celtic Sea Basin, approximately 50 kilometres offshore southern Ireland. Oil and gas is successfully flowing from the well at double the rate expected.

Providence holds an 80 per cent interest in Barryroe, with Lansdowne Oil & Gas holding the remaining 20 per cent.

February 28, 2012
Sohar Aluminium

Henk Pauw, CEO of Sohar Aluminium, talks to Gay Sutton about the company’s role in promoting industry in Oman.

Henk Pauw, CEO of Sohar Aluminium, talks to Gay Sutton about the company’s role in promoting industry in Oman and creating jobs for local people.

February 22, 2012
Matrix Composites and Engineering

Going from heavy engineering to lightweight composite materials has changed the fortunes of one Australian company, as Alan Swaby discovers.

Going from heavy engineering to lightweight composite materials has changed the fortunes of one Australian company, as Alan Swaby discovers.

It’s not that the world is short of oil and gas. No, there is still plenty—but none of it is in readily accessible places any more. Deep water offshore drilling continues to find new reserves—but at depths of up to 3,500 metres or more, and you can imagine what 3.5 kilometres of steel tubing weighs.    

February 14, 2012
NEM wins major contract in Saudi Arabia

Netherlands-based NEM has secured an order from Saudi Arabia’s Arabian Bemco Contracting Co. for generators at the PP10 Combined Cycle Power Plant project.

Netherlands-based NEM has secured an order from Saudi Arabia’s Arabian Bemco Contracting Co. for generators at the PP10 Combined Cycle Power Plant project.

The order is for 40 unfored dual pressure heat recovery steam generators with integral deaerators. The generators are designed with vertical gas flow natural circulation.

February 8, 2012
Europa sees rise in production and revenues

AIM-listed oil and gas exploration and development company Europa Oil & Gas has announced a significant improvement in UK production and revenues generated during the six month period ending 31 January 2012.

AIM-listed oil and gas exploration and development company Europa Oil & Gas has announced a significant improvement in UK production and revenues generated during the six month period ending 31 January 2012.

The company has a combination of producing and exploration assets in Europe, including three producing assets in the UK, all located onshore in the East Midlands. It has a 100 per cent working interest in the West Firsby and Crosby Warren fields and a 65 per cent working interest in the Whisby 4 well.

February 7, 2012
City Group Company

Though it does other things too, City Group Company is best known as the chief provider of public transportation in the emirate of Kuwait. CEO Richard Woods told John O’Hanlon how the company aspires to expand regionally.

Though it does other things too, City Group Company is best known as the chief provider of public transportation in the emirate of Kuwait. CEO Richard Woods told John O’Hanlon how the company aspires to expand regionally.

 

February 6, 2012
Tullow and Uganda sign new oil deal

Tullow Oil has signed two new production sharing agreements (PSAs) with the government of Uganda, paving the way for completion of its asset sale to France’s Total and China’s CNOOC.

Tullow Oil has signed two new production sharing agreements (PSAs) with the government of Uganda, paving the way for completion of its asset sale to France’s Total and China’s CNOOC.

The new PSAs cover the EA-1 and Kanywataba licences in the Lake Albert Rift Basin. Tullow has also been awarded the production licence for the Kingfisher field, which is estimated to hold around 300 million barrels of oil.

February 3, 2012
Subsea 7 wins BP contract

UK-based Subsea 7 has been awarded a $100 million contract by BP Exploration for work on the Clair Ridge Project, West of Shetland.

UK-based Subsea 7 has been awarded a $100 million contract by BP Exploration for work on the Clair Ridge Project, West of Shetland.

The Clair Ridge development will comprise two new bridge-linked platforms to be sited to the north-east of Clair Phase 1.

The contract scope includes the project management, engineering, procurement, fabrication and installation of a six kilometre, 22 inch oil export pipeline and a 14 kilometre, 6 inch gas export pipeline connected to the new production facilities and existing Clair Phase 1 export systems.

January 30, 2012
Centrica ups stake in North Sea field

UK-based Centrica, the parent company of British Gas, has reached an agreement with ConocoPhillips to acquire its non-operated interests in the gas and oil producing Statfjord field for £142 million.

UK-based Centrica, the parent company of British Gas, has reached an agreement with ConocoPhillips to acquire its non-operated interests in the gas and oil producing Statfjord field for £142 million.