Category: Uncategorized

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  • 29
    Oct

    Offshore Worker Seriously Injured After Drill Line Falls on Rig Deck

    An offshore oil worker has suffered serious injuries aboard Diamond Offshore’s Ocean Monarch drilling rig in operating in the Bass Strait Australia, prompting the national offshore safety body NOPSEMA to issue a “prohibition notice.” NOPSEMA said that the worker was injured on September 17, after a drill line fell...

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  • 29
    Oct

    Africa’s Biggest Crude Producer Remains Stuck on Imported Fuels

    Africa’s biggest oil producer is trying to get its refineries working in an attempt to wean itself off imported fuel. Yet again. Over the past 12 years, Nigeria tried and failed four times to crank up its aging and unprofitable crude-processing plants. Now the state-run energy company is giving...

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  • 29
    Oct

    Shell Exits Two Caspian Sea Projects Due to High Costs

    Royal Dutch Shell abandoned two oil projects off Kazakhstan after stubbornly high costs made them uneconomic. Shell has exited the Khazar field, while North Caspian Operating Co. — a joint venture including Shell — has quit the Kalamkas-Sea project, according to TOO PSA, an entity run by the Kazakh...

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  • 29
    Oct

    BP Invests in Carbon-offset Monetization Firm

    BP Ventures has invested $5 million in Finite Resources Inc, parent company of Finite Carbon, a US-based forest carbon management company. The investment will enable Finite Carbon to grow a new line of business to incentivize sustainable forest management, financed by businesses seeking to voluntarily offset carbon emissions. Finite...

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  • 29
    Oct

    Total dedicates its $400 million Global Venture Fund to Carbon Neutrality

    Total announced that it will focus its global venture fund on fostering carbon neutrality. The fund will increase its capital to a cumulative $400 million within five years’ time. Its investments will support start-ups that develop innovative technologies and solutions which help companies to reduce their energy consumption or...

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