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UK must act to save $500 bln of oil, North Sea firms say

2013-07-05 09:07:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Britain must get tough with major oil firms that prevent smaller producers from getting access to platforms and pipelines, or risk leaving as much as $500 billion worth of oil in the ground, North Sea oil companies say. Output from the North Sea has been in steep decline as mature fields are exhausted and global firms such as BP and Shell focus on more promising projects elsewhere. But there is still oil under the sea bed that a host of smaller operators is keen to extract, and Britain's cash-strapped...

Tags: save north say act

 

China's largest algal bloom turns the Yellow Sea green

2013-07-04 18:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The largest algal bloom ever recorded in China has turned the Yellow Sea green and may be related to pollution from agriculture and industry. Officials in the city of Qingdao had used bulldozers to remove 7,335 tonnes of the growth from beaches according to the Xinhua news agency. The phenomenon has become an annual occurrence in the region over the past six summers. This year's incident has swathed 28 900 sq km (11 158 sq miles), twice as much as the previous biggest bloom in 2008. The...

Tags: green sea yellow largest

 
 

Aker Solutions secures contract for UK North Sea

2013-07-04 01:00:00| Offshore Technology

Norway-based oil services provider Aker Solutions has secured a contract worth up to NOK2.7bn ($440m), its largest subsea contract in the UK, to provide 25 subsea trees and six template manifolds for oil field development in the UK's North Sea.

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Florida Keys prepare for sea level rise

2013-07-02 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Associated Press: Hurricane storm surge can inundate the narrow, low-lying Florida Keys, but that is far from the only water worry for officials. A tidal gauge operating since before the Civil War has documented a sea level rise of 9 inches in the last century, and officials expect that to double over the next 50 years. So when building a new Stock Island fire station, county authorities went ahead added a foot and a half over federal flood planning directives that the ground floor be built up 9 feet. Seasonal...

Tags: level sea florida rise

 

Statoil discovers oil in Nunatak prospect in Barents Sea

2013-07-02 01:00:00| Offshore Technology

Statoil, along with its partners Eni Norge and Petoro, has discovered gas in the Nunatak prospect in the PL532 block of the Barents Sea.

Tags: sea oil prospect discovers

 

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