An ongoing trade war between China and the US may lead to China targeting the Shale fields in the US. Apart from sensitive farm items, Beijing is targeting petrochemicals and liquefied propane indicating that it might use energy as a weapon to retaliate against planned American duties on high-tech goods. Source: Bloomberg
Sabah Shell Petroleum has won the TechnipFMC, an EPCI contract for Gumusut-Kakap Phase2 project in offshore Sabah, Malaysia. In this regard, it will supply and install subsea equipment including umbilicals, flowlines and subsea production system. Source: Offshore Magazine
There has been a cyber-attack on Latitude Technologies, which supplied electronic data interchange services to several large energy providers in the US. Following this, several major US natural gas pipeline was shut off, out of which at least 5 confirmed a service disruption caused due to hacking. However, the companies didn’t alert the US Transportation […]
The Canadian energy sector is predicted to face extinction unless certain mergers and acquisition takes place. There is some opportunity for the same north of the Canadian border. The choice is now to merge and innovate or to face extinction. The mix of potential M&A candidates varies, with natural consolidators among the oil-weighted producers “self-explanatory,” […]
A worker died on the North Sea Platform of Repsol Sinopec’s Tartan Alpha platform. The incident is believed to be non-work related and the cause of death is being termed as natural. The police have informed the family. All production from the platform has been stopped. Source: Oil Industry News
An oil leak and a subsequent fire killed at least 4 people in Balikpapan, an Indonesian oil town in the East Kalimantan province. A state of emergency was declared post the leak. The oil leak has stretched over 7 square miles and has contaminated the sea and the air. The port city, which has a […]
Risk criteria are defined by ISO as ‘terms of reference against which the significance of a risk is evaluated’. A common approach is to divide the risk spectrum into three broad regions, where the highest risk is termed as unacceptable; lowest as acceptable and the middle region is known as ALARP (as low as reasonably […]