Despite difficult market conditions new oil and gas projects are thriving. Israel has agreed to develop a huge gas field and two offshore wells in the Levantine Basin, with a US-Israeli consortium. We investigate the many concessions of this deal, which promises to transform the country’s energy reliance, but at the price of a national power monopoly.
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In the north, we look at the challenges faced by Goliat oil field off Norway as it prepares for production, get insight into the political struggles of Premier Oil’s Sea Lion project off the Falkland Islands, and examine Total and Amec Foster Wheeler’s joint billion-dollar savings plan for North Sea operations.
Also, we profile Uruguay’s emerging offshore industry, and speak to Aker Solutions about maintenance in the world’s most extreme environments.
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In this issue
Uruguay Emerges
Spudding has begun on Uruguay’s first offshore well and the landmark project should kickstart a new era for the country. We profile the birth of Uruguayan offshore.
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By GlobalDataTaking Control
Israel is developing the Leviathan gas field with a US-Israeli consortium, in a deal that will change Israel’s energy industry, but at the cost of a major power monopoly.
Read the article here.
It’s Grim Up North
Aker Solutions is a reputed maintenance provider operating in some of the world’s toughest environments, including offshore Norway, following a contract with BP. We find out more about maintenance at the ends of the earth.
Read the article here.
A Giant Journey
The world’s most northerly offshore oil field, Goliath, has come online after countless set-backs and overruns. We chart the milestones leading to the start of operations.
Read the article here.
Economics of Efficiency
Oil major Total and engineering firm Amec Foster Wheeler have been engaged to boost revenues in the North Sea through new technologies. What will it take for these savings to be achieved?
Read the article here.
Advance to Oil
The Falklands’ first oil project is developing after overcoming the obstacles industry, infrastructure and politics. GlobalData reports on the Sea Lion project and the outlook for the Islands.
Read the article here.
Next issue preview
French multinational Total has received a record fine for breaches at its Elgin platform that led to a potentially catastrophic oil leak. Although only worth the equivalent of several metres of piping, it is the biggest fine imposed on an operator in the North Sea. We investigate the region’s current safety legislation and how it is being enforced.
Also, we report on Myanmar’s ever-growing offshore oil and gas sector after a second significant gas discovery was made by Woodside Petroleum, and explore the effects of Saudia Arabia’s national oil company Saudi Aramco being floated on the market.
In operations, we look at the rising concerns climate change on the offshore industry, ask how long ageing assets be effectively refurbished before becoming a liability, and look into a new well stimulation technology that could increase output by ten-fold.
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