Oil & gas news

A BP investigation into its Lisburne pipeline leak suggests extensive ice plugs could be to blame for excess pressure in the line.

Otto Energy Ltd has announced that it will commence a 3D seismic data acquisition programme in SC55. The company plans to acquire 590 square kilometres of 3D data in the southwest part of SC55, which is located in Palawan Basin, Philippines.

Cemtrex Inc. has entered into an agreement with a South American coal mine company to develop, supply and construct a coal mine methane (CMM) project.

The UK Coal Authority has awarded Clean Coal Ltd licences to investigate the potential for underground coal gasification (UCG) at five sites in the UK. If the investigations are successful, commercial operations could start by 2014/15 and could lead to UGC producing 3 – 5% of the UK’s total energy requirement.

BP is ranked 1st under ‘alternative energies’ and ‘environmental transparency’ categories of a new study on the most environmentally sustainable large O&G companies.

Production has now hit over 1 million bbls of oil at the Parque das Conchas fields 120 km off the coast of Brazil, where ultra deep water and a constant swell makes for tough operating conditions.

A renewable technology that generates heat from below the ground could produce a third of the UK’s renewable heat by 2020, a report from the Environment Agency has found.

Essar Group and ONGC Videsh have announced new investments in two African refineries.

Polarcus Ltd recently held a double naming ceremony for the modern, purpose built 3D seismic vessels Polarcus Nadia and Polarcus Naila. The ceremony, at the Drydocks World – Dubai shipyard in the United Arab Emirates, was attended by over 200 local and international guests.

New research by energy analysts Douglas-Westwood predicts offshore operations and maintenance expenditure to total in excess of $330 billion over the next five years – with the largest share allocated to North America during that time.