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Energy players are turning their attention to Somalia, which could become an important offshore drilling site. We learn more about the potential of this destination.
In the latest issue, we investigate the future upstream after developments show that the trend for processors and refiners to get involved is growing, learn about oil and gas operators capital expenditures and find out how a new software could prevent future hydrocarbon spills.
Moreover, we discover what affect a new research centre in Rio de Janerio is having on Brazil’s offshore market and explore how the industry’s excess dollars are contributing to conservation efforts.
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By GlobalDataIn this issue
Look East
After a 24-year hiatus, major energy players are once again turning their attention to Somalia as a destination with significant potential for offshore oil drilling. Ross Davies investigates.
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Swimming Upstream
Developments at Swiss petrochemical manufacturer INEOS and Hungarian refiner MOL show that the trend for processors and refiners to get involved upstream is growing. Adam Leach looks at the future upstream.
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Capital Gains
A study of 75 upstream oil and gas operators revealed that capital expenditures (CAPEX) more than doubled from 2009 to 2013. Julian Turner finds out more about the CAPEX uptick.
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Simulation Innovation
New software developed by scientists in the US could prevent future hydrocarbon spills and speed responses to those that do occur. Elly Earls meets the team behind the technology to find out more.
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Research in Rio
In 2014, GE opened a new research centre in Rio de Janerio to develop subsea technologies for Brazil’s pre-salt basin. Heidi Vella-Starr finds out what affect the centre is having on Brazil’s offshore market.
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Coast to Coast
The US Land and Water Conservation Fund, a federal environmental programme, recently celebrated its 50th anniversary and hopes to continue for another 50 years. Abi Millar discovers how the offshore industry’s excess dollars contribute to conservation efforts.
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Next issue preview
Having used its oil riches to accumulate the world’s largest sovereign wealth fund of $860 billion, Norway is in a better position than most countries to deal with turbulent times in the offshore industry. We look at what the future holds for Norway’s oil industry.
In the rest of the issue, we look at the pros and cons of opening up the Eastern gulf of Mexico, ask whether Arctic exploration is over before it has even begun and discover the secrets behind the impressive performance of Statoil’s Norne field.
Moreover, we look at the environmental success at Alaska’s Bristol Bay and speak to German crane manufacturer, JD Neuhaus, to find out more about its crane repair project.
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