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The storage of CO2 under the seabed may add millions of tons per year to global carbon-capture totals. The finance and investment sectors are recognizing the value these projects may bring to portfolios aligned with achieving climate-change goals

With the oil and gas industry facing an uncertain financial future, organizations are looking for any way to save costs. One way to achieving cost savings is through efficient planning in the construction and conversion of floating production, storage, and offloading (FPSO) units. In a technical session, “Practical Steps Towards FPSO Cost Reduction,” held Wednesday at…

Complexity is the central challenge of executing deepwater major capital projects, and the industry must find ways to reduce it for future projects to be viable, Chevron’s General Manager of Facilities Engineering Mick Kraly told a luncheon audience Tuesday at the Offshore Technology Conference in Houston. “Major Capital Projects Yesterday, Today, and Tomorrow: Is The…

The discovery of the Zohr natural gas field, the largest in the Mediterranean region, has begun to rejuvenate prospects for the Egyptian economy. Located offshore Egypt, the Zohr field holds more than 30 Tcf of gas in place. Onshore site preparation began in March, and first gas to market is expected in December 2017.

Moving oil/water separation equipment from platforms to the seabed looks inevitable, but based on the current rate of adoption it could take forever.

Lamprell, a provider of fabrication, engineering, and contracting (EPC) services to the onshore and offshore oil and gas industry, appointed Christopher McDonald chief executive officer and director, succeeding Jim Moffat who will be retiring from the company. McDonald has 24 years’ experience in the oil and gas EPC industry. He previously held the position of executi…

Nigel Hearne has been named managing director of Chevron’s Australasia business unit (ABU). Hearne joined Texaco in 1989, prior to its merger with Chevron, and served as operations manager for the Pembroke refinery in the United Kingdom and for Chevron’s refinery in El Segundo, California, before becoming vice president of strategy for the company’s downstream strateg…

Appointment of Donnie Busscher as engineering manager was announced by Stokes and Spiehler. Busscher worked as an in-house engineer and wellsite consultant for land and offshore operations before joining Stokes and Spiehler. He holds a bachelor’s degree in petroleum engineering from the University of Louisiana at Lafayette.

Advisian appointed Geeta Thakorlal as president of INTECSEA. She succeeds Neil Mackintosh, who will take on the role of executive vice president of global market sales. Thakorlal has more than 30 years of management and professional services experience, the last 25 years coming in the international oil and gas sector. She has worked primarily in upstream for greenfiel…

2H Offshore named Yann Helle as managing director. Helle, who had previously held the position of technical manager, managed the TLP top-tensioned riser system delivery management project for Total’s Moho Nord field development. He joined the company in 2002 and has experience in riser and conductor systems, minimum facility platforms, and component package supply. He…