With oil prices and investment low in the oil and gas market, the UK’s Offshore Renewable Energy Catapult has urged the industry to diversify into offshore renewables, which could represent combined spending of £210bn over the next ten years. We find out what oil and gas companies can offer to the sector and what they stand to gain.
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We also explore drilling prospects in Africa’s Great Lakes, look into the lawsuit filed by environmental groups against Norway’s decision to open up its Arctic waters to drilling, and take a look at the Dragon-class LNG ships forming a ‘virtual’ pipeline for US shale gas being exported to Europe.
Plus, we find out how Airbus plans to bring satellite monitoring services to the offshore decommissioning market, and catch up with a new partnership of major oil and gas companies aiming to tackle cyber crime together.
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In this issue
Joining Forces Offshore
The UK’s Offshore Renewable Energy Catapult has urged the oil and gas industry to diversify into renewables such as wind, tidal and wave energy, which it says represent combined spending of £210bn over the next ten years. Rod James finds out what oil and gas companies could gain from making the move.
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By GlobalDataWater Wars
Blocks off Africa’s coast have already been snapped up by exploration companies but what of East Africa’s enormous great lakes? With exploration well underway in Lake Albert and plans laid down for Lake Malawi, Philip Kleinfeld looks at the social, political and environmental challenges.
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Norway vs the Environment?
Norway’s decision to open up the Barents Sea for drilling has prompted Greenpeace Nordic and Nature & Youth to launch a legal challenge based on the Paris Agreement. Molly Lempriere asks whether this case could set a precedent.
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A Virtual Pipeline for LNG
A wave of US liquid shale gas is about to wash up on Europe’s shores and with it comes the best chance in decades for Europe’s high energy costs to be reduced. Nnamdi Anyadike investigates.
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Support from Space
Advanced satellite monitoring and surveying can address many of the challenges faced in offshore decommissioning, as Michael Hall, senior geologist at Airbus Defence and Space, explains.
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A United Front
Cyber crime costs offshore oil and gas companies millions each year in lost business and damaged equipment. Heidi Vella finds out how a new joint initiative by industry leaders aims to tackle the issue.
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Next issue preview
Independent private equity firm Energy Ventures has earmarked $200m to help boost North Sea businesses during challenging times for the oil and gas industry. The company is one of very few investing right now, so what does it see that others don’t? We find out what opportunities the region still holds.
Also in the next issue we take a look at the merger of Baker Hughes and GE’s oil and gas business, explore Shell’s decision to invest $10bn in its Brazilian deepwater operations, and take a look at Statoil’s plans to explore drilling sites off Argentina’s Atlantic coast.
Plus, we ask whether the industry is investing enough into the development of more advanced clean-up technologies for oil spills, and take a look at BP and GE’s new intelligent offshore management system which is currently being piloted on BP’s Atlantis platform in the Gulf of Mexico.
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