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Tag: offshore drilling

$1.42 trillion at stake as oil and gas production declines: Norway urged to speed up pace of exploration and technological advancement

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.42 trillion at stake as oil and gas production declines: Norway urged to speed up pace of exploration and technological advancement

While fossil fuel production is expected to decline over time to reach the goal of net-zero production by 2050, the Norwegian Offshore Directorate (NOD), which reports to the Ministry of Energy, has developed three scenarios illustrating a decline in oil and gas production and financial impacts. Over $1.42 trillion (NOK 15 trillion) is at risk […]

China delivers heaviest offshore oil and gas platform for use in Saudi Arabia

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China delivers heaviest offshore oil and gas platform for use in Saudi Arabia

China Offshore Oil Engineering has officially taken delivery of one of the world’s largest oil and gas platforms from its shipyard in Qingdao. The Marjan platform for gathering and transporting oil and gas is considered by Chinese construction companies to be a breakthrough in the construction technology of large offshore oil and gas platforms. With […]