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Blobrana


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Royal Dutch Shell Plc, Europes largest oil company, made a natural gas discovery at a record depth in the northern Norwegian Sea that may equal the size of Norways annual production of the fuel.
The find was made in the Gro prospect 360 kilometres offshore Broennoeysund in Nordland and is estimated to hold 10 to 100 billion standard cubic meters of recoverable gas, the Norwegian Petroleum Directorate said today. The country had net gas output of 99 billion cubic meters last year.

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Blobrana


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With the help of ESA technology used in the monitoring and control of satellites, a start-up company at ESA's Business Incubation Centre has developed a system to remotely monitor offshore oil and gas installations.

"Our Remote Intuitive Visual Operations system (RIVOPS) is based upon years of ESA experience in the monitoring of satellites and the handling of emergency situations. It is an enhanced alarm monitoring system that sits on top of conventional distributed control systems used by offshore oil and gas exploration companies" - Alexandre Van Damme from the French-Dutch start-up company EATOPS.

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Blobrana


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A historic natural gas reservoir found offshore from Haifa is poised to meet Israel's natural gas demand for about 15 years and reduce the country's dependence on gas imports from Egypt and offshore from Gaza.
The discovery of the natural gas field 90 km. offshore from Haifa, known as Tamar, was made by a US-Israel consortium including the Delek Group, through its subsidiaries Delek Drilling and Avner Oil Exploration, Isramco Negev 2, Dor Gas Exploration and US oil operator Noble Energy Inc.
Preliminary estimates indicate that the Tamar field might contain over 88 billion cubic meters of gas.

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Blobrana


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British oil explorers Heritage Oil Plc  and Tullow Oil Plc said on Tuesday they had made a potentially "world class" oil discovery in Uganda.
Reserves found by the Giraffe-1 well in the Lake Albert Rift Basin and linked discovery Buffalo, which was announced in December, could total more than 400 million barrels of oil, the two companies said in separate statements.

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Blobrana


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Using space-based technology developed during ESAs gravity mission studies, a novel gradiometer is being developed by a UK-based company to help oil and gas companies find the most appropriate locations to drill wells and plan further exploration.
The gravity gradiometer measures the variations in the Earths gravity, or in technical terms, the differential acceleration. These variations help to measure the density of the subsurface, therefore providing information on the Earths geology. From data acquired through the gradiometer, an image of the subsurface geology can be derived. This image provides information which can help oil and gas companies looking to drill wells or plan further exploration.

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Blobrana


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Plans for Longannet Power Station to become the UKs first carbon capture plant took a massive step forward yesterday with news an area identified in the North Sea may store all of Europes CO2 emission for the next six centuries.
A consortium led by Longannet operators Scottish Power has earmarked a rock formation in the North Sea which could potentially store emissions for 600 years.

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Blobrana


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As fuel prices continue to rise, researchers have shown how giant channels on the ocean floor could point the way to finding new oil and gas reserves.
The research, led by Ian Kane of the University of Leeds, examined how these channels, similar to rivers, but deep underwater, build up to scar the ocean floor. And he discovered that their formation follows a very different pattern to that of rivers on land.

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Blobrana


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The Arctic Circle holds an estimated 90 billion barrels of undiscovered, technically recoverable oil and 1,670 trillion cubic feet of natural gas, the U.S. Geological Survey said on Wednesday.

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Blobrana


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Nord Stream has signed a deal with top Russian pipe maker OMK to build the worlds largest undersea pipeline, carrying oil from Siberia to the West in a deal valued at more than 250 million.

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Blobrana


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Chinese oil firm PetroChina has trumped US rival Exxon Mobil to become the world's biggest firm by market value on its first day of trading in Shanghai.
PetroChina saw its shares nearly triple from 16.7 yuan to end at 43.96 yuan, giving PetroChina a market value of just below $1 trillion (£480.6bn).

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