Author hkrichiedistribution
A CHC S92 Helicopter returning from a North Sea oilfield East of Shetland has declared an emergency. The helicopter started squawking on emergency frequency 7700 just before 5.30pm this evening. The helicopter is currently over land making a return to Dyce heliport. Other aircraft have been put into a circling patern to allow the helicopter
Chesapeake Energy, the company that was once the epitome of America’s shale-gas fortunes, is warning it may not be able to outlast low fuel prices. Reflecting growing pain across the energy sector, the Oklahoma-based company’s shares and bonds tumbled Tuesday after it said it may not be viable as a “going concern” if low oil
Our Nation’s Energy Future (ONE Future), a coalition of natural gas companies, announced today, at the 2019 Natural Gas STAR & Methane Challenge Workshop, its annual reporting of methane intensity numbers. Using uniform, EPA-approved reporting protocols, the coalition registered a 2018 methane intensity number of 0.326%, a decrease of 41% from its 2017 number of
Oxy pledged to slash spending by 40% next year after quarterly profit fell short of forecasts due in part to the oil explorer’s $37 billion takeover of Anadarko. Shale drilling in the U.S. Permian basin will account for the biggest chunk of cuts as the company merges duplicate operations. Still, overall output will increase by
A lawyer for Exxon Mobil said New York’s fraud lawsuit against the oil giant was a “joke” and that the state had falsely accused engineers and scientists of cooking up a scheme to mislead investors about the financial risks of climate change. “It’s a cruel joke, your honor, because the reputations of a lot of
Problem number one in artificially lifted wells is an impossibility of running Production Logging Survey while well is producing by BP, PCP, ESP pump unless there is a Y-tool or Dual-String installed as a part of well completion. Lack of data about reservoir performance, especially when oil well produces several reservoir zones commingle, has a
Germany based energy company ‘RWE’ delivered its first Liquified Natural Gas cargo (LNG) to Milford Haven LNG Terminal in Great Britain RWE shipped around 150,000 m3 of LNG will be regasified through a Milford Haven LNG Terminal, located close to RWE’s 2,000 megawatt Pembroke B gas-fired CCGT Power Station (Combined Cycle Gas Power Plant). The
Danish offshore drilling contractor Maersk Drilling has secured a one-well contract for the ultra-harsh environment jack-up rig Maersk Interceptor with MOL Norge. According to Maersk Drilling’s statement on Monday, MOL Norge hired the rig for exploration drilling on PL617 in the Southern North Sea. The license is operated by MOL Norge, a Norwegian unit of
Delek’s subsidiary Ithaca Energy has completed the $2 billion purchase of Chevron North Sea Limited, Chevron’s subsidiary operating several UK North Sea fields. “The transaction provides a material and important step up in the scale and breadth of the Company’s asset base, adding ten additional producing field interests to the existing portfolio, along with a
Natural gas exploration by global oil companies in Bolivia, key to growing the country’s sagging economy, has stopped amid an escalating political crisis that has left the Andean nation rudderless. Royal Dutch Shell Plc, Total SA and Repsol SA have all stopped or severely limited drilling on exploration wells, said Alvaro Rios, a former hydrocarbons