The Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline has progressed, but its future remains uncertain. Four major events have marked TAPI’s progress. Source: News
New York State's DEC denies water permit for Constitution Pipeline
The New York State Department of Environmental Conservation (DEC) denied a water-quality certificate required for construction of the proposed Constitution natural gas pipeline, saying it failed to meet the Empire State’s water-quality standards. Source: News
North Sea decommissioning booms as exploration lags
The North Sea presents an opportunity for companies involved in decommissioning, a segment which could see more than $80 billion of investment through 2040. Source: News
Exploration downturn poses hard questions for offshore rig fleet
Deepwater exploration faces several difficulties and future projects will increase in complexity. Innovative technological solutions will remain a priority for companies moving into harsh and frontier areas. Source: News
Seismic offshore Congo highlights presalt opportunity
Shooting new 3D seismic and reprocessing legacy data offshore Congo (Brazaville) will lead to near-term exploration despite an overall decline in exploration worldwide as the industry works toward oil-price stability. Source: News
Discipline, simplicity crucial for project execution overhaul
Aided by a plunge in crude oil prices from $100/bbl in summer 2014 to less than half that level at this writing, the oil and gas capital project market-particularly in the exploration and production space-has dropped off dramatically since a peak in activity during 2012-13. Source: News
CSB: Offshore regulatory reforms since Macondo blowout fall short
Offshore oil and gas regulatory changes since the 2010 Macondo deepwater oil well blowout and crude oil spill do not do enough to place the onus on industry to reduce risk, nor sufficiently empower the federal regulator to proactively oversee industry’s efforts to prevent a similar disaster, the US Chemical Safety Board said in a […]
Supply constraint’s upward shift helps oil industry foes
One subtle but politically important result of the oil market’s upheaval is relocation of supply constraint. Source: News
Statoil halts output at Gullfaks B after helicopter crash
Thirteen are feared dead after a CHC helicopter on assignment for Statoil ASA crashed on Apr. 29 outside Turoy in Fjell municipality outside Bergen, Norway. Source: News
House hearing on BLM’s proposed methane rule shows key disagreements
Opponents and supporters of the US Bureau of Land Management’s proposed venting and flaring rule for oil and gas producers quickly defined their main differences at an Apr. 27 House Natural Resources subcommittee hearing. Source: News