DNV GL, Lundin Work to Reduce Downtown (Thursday, 17 August 2017)

DNV GL – Oil & Gas and Lundin Norway have teamed up to develop the first step to a solution for predicting unplanned shutdown using the Edvard Greig production platform in the North Sea.

The Edvard Grieg production platform is a modern hydrocarbon processing facility that has been in operation for nearly two years in the Utsira High in the ...

Source: The latest Oil and Gas Industry News - from oilandgaspeople.com

Alta Mesa to Merge with Silver Run Acquisition Corporation II and Kingfisher Midstream to Form a Combined Company Valued at Approximately $3.8 Billion

HOUSTON, Aug. 17, 2017 (GLOBE NEWSWIRE) — Alta Mesa Holdings, LP (“Alta Mesa) and Silver Run Acquisition Corporation II (“Silver Run II”) (NASDAQ:SRUN) (NASDAQ:SRUNU) (NASDAQ:SRUNW) today announced that, subject to certain conditions, it has entered into definitive agreements to combine with Kingfisher Midstream, LLC (“Kingfisher”). Alta Mesa is an independent exploration and production company with [Read More…]

Source: Headlines – BOE Report

One of the biggest criticisms against wind and solar energy has been quashed

A worker inspects solar panels at a solar Dunhuang, 950km (590 miles) northwest of Lanzhou, Gansu Province September 16, 2013.

One of the biggest criticisms of the renewable-energy industry is that it has been propped up by government subsidies. There is no doubt that without government help, it would have been much harder for the nascent technology to mature. But what’s more important is whether there has been a decent return on taxpayers’ investment.

A new analysis in Nature Energy ...

Source: Energy Shocks – Quartz

Oil and Gas Still Vital to Scotland’s Economy (Thursday, 17 August 2017)

The highs and lows of Scotland’s oil and gas industry are never far from the news. When the sector feels any kind of pain, the nation’s economy takes a sharp breath in hoping that the recovery won’t be far away.

In Aberdeen, the turbulent price of oil has had ramifications for the city and wider region, and the resulting swings ...

Source: The latest Oil and Gas Industry News - from oilandgaspeople.com

Ichthys Venturer Arrives in Australia (Thursday, 17 August 2017)

The Ichthys Venturer floating production, storage and offloading (FPSO) facility has arrived in Australian waters today (14 August), as Inpex gears up to begin hook-up and commissioning activities.

The 336m long, 59 mwide, ship-shaped, weather-vaning FPSO will be permanently moored in the Browse Basin, about 220km off the Western Australian coast.

“The safe completion of the 5600km, 26-day tow of ...

Source: The latest Oil and Gas Industry News - from oilandgaspeople.com

Who Is Leading The Gold Rush?

Here’s something few investors know: The gold mining industry is massively depleting its reserves, not finding new deposits fast enough, and could be on the cusp of its most profitable turning point ever. Gold mine supply will peak in 2019 and continue falling through at least 2025, according to BMO Capital Markets and Bloomberg. Producers like Newmont (NYSE:NEM), Goldcorp (NYSE:GG), Barrick (NYSE:ABX) ...

Source: Oilprice.com