Riding the Tides: Interview with Jason Hayman, CEO, Sustainable Marine Energy
the key hurdles to bring tidal power to utility scale?I think first is the public acceptance, the social license, especially within the Bay of Fundy. Hopefully we can bring long-lasting economic benefit back to that area. It's not like what's happening in the North Sea, where the (oil and gas) resources are going to one day run out and then the industry is going to wind down and people are going to be looking for jobs. I think people have got to understand it's a long-term play, but it's hard yards to get there. It's going to require support and once you start deploying at scale, costs
Huge Opportunities in Norwegian Shelf
in oil activities in countries in different parts of the world. Advanced methods have also been tested on the UK shelf, with good results. It’s definitely time for the oil companies to also test these kinds of methods on offshore fields here at home,” says Sølvberg.A lot of oil and gas resources have been proven in tight reservoirs; in other words, reservoirs with low permeability. There are great opportunities for profitable production here if new technology and new solutions are applied.The NPD’s most important task is to manage the petroleum resources so they create the
Norway Supreme Court Hears Snow Crab Case with Implication for Oil
seabed or a fish stock that moves around - and who gets to decide about it.If it is seen as a sedentary species, then it is a resource belonging to the continental shelf of Norway. If the EU can stake a claim over the snow crab, then it could be harder for Oslo to secure its claim over potential oil and gas resources."The question of the snow crab is a proxy for oil. Because what is valid for the snow crab is valid for the oil industry," Oeystein Jensen, a senior research fellow in law at the Fridtjof Nansen Institute in Oslo, told Reuters.The verdict is expected in three to four weeks.The issue
Reassessing Alaska's Energy Frontier
in 2015 at the Cassin prospect in NPR-A, not far from the Willow discovery. No plans for additional industry drilling have yet been announced at either Smith Bay or Cassin. Uncertainty at the Frontier’s Edge Although the USGS has a range of potential for the new estimates of oil and gas resources, there is significant uncertainty with these values. Until further wells are drilled and oil production is initiated, it is difficult to be certain about the resource potential. Nevertheless, a sufficient amount of data is available to confirm that the potential size of oil pools in the Nanushuk
CGG Starts Seismic Survey Offshore Brazil
coverage across the Espirito Santo Basin, enhancing industry understanding of exploration potential in this promising region with an upcoming lease round. It reflects CGG’s commitment to invest in the innovative products required to support the successful development of Brazil’s oil and gas resources.&rdquo
Xodus wins Subsurface Contract with Cairn Oil and Gas in India
onshore hydrocarbon find in India in the last two decades - was discovered in January 2004. This was followed by the discovery of the Aishwariya and Bhagyam fields. Through its affiliates, Cairn has been operating for more than 20 years playing an active role in developing India's oil and gas resources. To date, Cairn has opened four frontier basins with numerous discoveries, 38 of which are in Rajasthan.
Trump Administration Approves Eni Plan to Drill Offshore Alaska
Donald Trump's plan to boost oil and gas drilling and make the country "energy dominant." The approval is conditional on Eni getting other state and federal permits, which in past cases are generally granted once BOEM gives the green light. "We know there are vast oil and gas resources under the Beaufort Sea, and we look forward to working with Eni in their efforts to tap into this energy potential," said BOEM's acting Director Walter Cruickshank. Eni plans to drill into the Beaufort Sea from an artificial island using extended wells more than 6 miles (10
Op/Ed: A Nail in the Coffin for US Offshore Exploration
or the environment. Most of the seismic data for the Atlantic OCS is more than three decades old, and with this decision BOEM seems determined to make sure it remains that way, keeping Americans in the dark for the foreseeable future about the true potential of valuable offshore oil and gas resources that belong to us all. The only thing left to say is that January 20 cannot come soon enough. We look forward to working constructively with the incoming Administration to better understand the true potential of our vast offshore resources, including in the Atlantic
Obama Administration Bars New Oil, Gas Exploration off Alaska
; Environmental activists have battled drilling in Alaska to protect whales, walruses and seals, and as part of a broader movement to keep remaining fossil fuels in the ground. The Interior Department said the plan was "balanced," and left 70 percent of economically recoverable oil and gas resources open to drilling, mostly in the Gulf of Mexico. The plan focuses on the best areas "with the highest resource potential, lowest conflict and established infrastructure - and removes regions that are simply not right to lease," Interior Secretary Sally Jewell said.
February 2024
