West of Shetland oil fields to grow in stature among European majors

first_imgThe West of Shetland oil fields have long been overshadowed by their North Sea neighbours, but production levels are expected to increase significantly Oil rig off the Shetland coast (Credit: Cj Hughson/Flickr) The remote West of Shetland (WoS) region is set to play a bigger role in UK oil and gas production in coming years, with European majors Shell and BP among those expected to increase their activity in the offshore exploration fields.While the nearby North Sea basin has proved an abundant and popular resource, analysts at business intelligence firm Global Data expect the West of Shetland to replace it as Shell’s main production basin along the UK Continental Shelf by 2020.In doing so, Shell will follow in the footsteps of BP, for which the switch took place in 2018.GlobalData upstream oil and gas analyst Daniel Rogers said: “In 2018, Shell and BP’s hydrocarbon production combined accounted for more than half of the WoS total volume.“In recent years, both companies have seen North Sea production volumes lose dominance in relation to their UK portfolios – and as a result, the WoS is set to overtake the North Sea as Shell’s major producing basin in the UK by 2020, whereas this occurred for BP in 2018.“The WoS basin, in comparison to the North Sea basins, has been relatively under-explored.“The extreme water depths, challenging subsurface, and lack of knowledge and experience in the basin lead to higher risk than the North Sea exploration – but that being said, there is currently vast acreage open to explorers and the ‘yet-to-find’ volumes are significant.” West of Shetland oil fields expected to account for 30% of UK Continental Shelf output by 2025Infrastructure and location constraints could prove a hindrance to large-scale development down the line, but the decline of North Sea assets from the portfolios of European energy companies in recent years has so far been offset by their participation in the WoS.US-based exploration and production majors such as Chevron and ConcoPhillips, meanwhile, have retreated from the UK’s oil and gas sites recently, leaving their European counterparts to pick up the slack.BP and Shell’s West of Shetland activity (Credit: GlobalData)The comparatively underexplored nature of the West of Shetland means there is significant potential for lucrative new discoveries.According to management consultancy McKinsey & Company, the WoS region is expected to contribute about 30% of the UK Continental Shelf’s oil and gas production by 2025, up significantly from just 2% in 2014.Around 80% of the planned and announced projects in the deep waters of the WoS in 2017 were accounted for by European firms, compared to just 40% in the North Sea.center_img Infrastructure constraints could restrict future outputFor now, oil will be the primary focus of activity for firms operating in the West of Shetland region, due to gas processing infrastructure not being sufficiently developed to manage a significant increase in output.The Shetland Gas Plant (SGP) facility currently runs with less than 25% spare capacity, and significant demands put on it could exert considerable strain.Rogers added: “Total’s recently discovered Glendronach gas-condensate field is expected to add more than 200 million cubic feet per day of gas supply to the SGP at its peak and could commence production as early as 2021.“This, in addition to gas volumes coming from the Cambo and Rosebank oil field developments, could further strain the existing infrastructure.“Operators looking to develop new gas fields in the West of Shetland through the mid-2020s could be challenged by these capacity restraints, and the investments required for facility expansions may impact project returns and force operators away from marginal gas developments.”By contrast, the key Sullom Voe oil processing terminal is currently only running at half capacity, meaning there is scope for European oil producers maintaining their interest in the region to make the most of this excess capacity.last_img read more

Press release: British Embassy Seoul hosts UK Track Day

first_imgRelated articles “車부품 수요만 6조규모…영국서 기회 잡으세요” [2017.11.06 / Maeil Business] http://news.mk.co.kr/newsRead.php?year=2017&no=732665 영국이 전기차에 올인하는 이유 [2018.02.28 / Auto Times] http://autotimes.hankyung.com/apps/news.sub_view?nkey=201802271303441 미래차 집중한 영국, 일자리가 따라왔다 [2018.03.22 / JoongAng Ilbo] http://news.joins.com/article/olink/22055726 세계 최경량차 맥라렌 ‘세나’…연구소는 英정부가 지었다 [2018.03.22 / JoongAng Ilbo] https://news.joins.com/article/22463866 £246 million Faraday Battery Challenge – development, design and manufacture of batteries for electric vehicles; this is particularly relevant to the supply chain £250 million Connected and Autonomous Vehicle (CAV) funding to be matched by industry 856,000 people employed across UK Automotive The automotive industry is a vital part of the UK economy accounting for more than £82 billion turnover and £20.2 billion value added. With some 186,000 people employed directly in manufacturing and in excess of 856,000 across the wider automotive industry, it accounts for 12.0% of total UK export of goods and invests £3.65 billion each year in automotive R&D. More than 30 manufacturers build in excess of 70 models of vehicle in the UK supported by 2,500 component providers and some of the world’s most skilled engineers. 6 of 10 Formula 1 teams have their HQ in the UK The UK government invests heavily in automotive research to further expertise in low-carbon propulsion, lightweight materials, and CAVs. In 2017 £1.2 billion were given by the UK government to automotive research funds (UK Government, 2017). UK now largest EU new car market for Korean car brands, with some 190,215 vehicles registered in 2017. Korea is UK Auto’s third biggest Asian export market, behind only China and Japan, as demand for British-built cars quadruples since 2010. Turned over £82 billion Invested £4 billion net capital Invested £3.65 billion in R&D Added £20.2 billion in value to the UK economy Exported products worth £44 billion, accounting for 12.8% of the UK’s total export goods On 4 September 2018 at Inje Speedium in Gangwon, the British Embassy Seoul’s Department for International Trade (DIT) team organised a UK Track Day to demonstrate the creativity, innovation and manufacturing capability of the British automotive industry. Iconic UK car brands including: Aston Martin, Jaguar Land Rover, Lotus, and McLaren joined the event to show off some of their most impressive models.Speaking at the track day British Ambassador to South Korea, Simon Smith, said:“The UK automotive industry has grown at an unprecedented rate in recent years thanks to its rich heritage, the strength of UK design and commitment to continued innovation. The UK and South Korea already have a strong trading relationship in the automotive industry – Korea is the UK’s third largest Asian automotive export market – but there is so much more potential for growth. Far from a country that does not manufacture cars, we are one of the largest car manufacturers in Europe (1.6m cars produced in 2017) and a leader in autonomous and low-carbon vehicles. The iconic British car brands on show today emphasise everything that is great about British cars – style, performance and cutting edge technology.”The track day is part of the British Embassy’s ambitious ‘Automotive is GREAT’ campaign launched in Seoul in October 2017. The campaign aims to promote everything that makes the UK’s automotive industry such a powerhouse, while strengthening the partnership between the UK – Korea in the sector.100 senior representatives from leading UK automotive OEMs and the Korean Automobile Importers and Distributors Association attended the track day.The British Embassy’s DIT team provides support to Korean partners and investors who are interested in UK trade.  If you have any enquiries about possible automotive or other opportunities, you can contact the British Embassy Seoul’s DIT team here: [email protected] InformationThe UK is one of the largest automotive manufacturing countries in Europe producing 1.67m cars in 2017 and 8 of 10 UK built cars are exported to 160 countries worldwide. The UK government and industry are already leading innovation around the world through significant investments in future vehicles such as low-carbon vehicles, autonomous vehicles and connected cars.Some facts about UK Automotive Industry:center_img Automotive is GREAT:A long term, ambitious campaign started in 2017 to draw a thread from the UK’s current strengths in automotive production, design and strong UK brand presence in South Korea, to the UK as a country ahead of the curve in new automotive manufacturing and technology. We aim to show South Korea the UK’s strengths as a leader in the automobile industry to ultimately encourage stronger UK-Korea automotive links and trade.Department for International Trade role:The UK’s Department for International Trade (DIT) has overall responsibility for promoting UK trade across the world and attracting foreign investment to our economy. DIT is a specialised government body with responsibility for negotiating international trade policy, supporting business, as well as delivering an outward-looking trade diplomacy strategy.UK Industrial Strategy- Sector Deal:As part of the Industrial Strategy, the Automotive Sector Deal was developed in 2017 and published in January 2018. The sector’s deal was among the first to be finalised, highlighting the collaborative approach industry and government are taking to ensure the UK remains a globally competitive place to design, engineer and manufacture vehicles. Key highlights from the deal are: 1.67m cars built in the UK in 2017. 1.33m cars manufactured for export in 2017- 8 out of 10 cars made in the UK are exported. The UK exports to over 160 markets worldwide. In 2017 the UK automotive manufacturing industry… £16 million Supplier Competitiveness Improvement programme – designed to improve the productivity and competitiveness of manufacturing supply chain companies Testing and Development of CAVs Deployment of infrastructure for testinglast_img read more

Chautauqua County Issues Code Blue Warning

first_imgWNY News Now Image.MAYVILLE – Cold temperatures and frigid wind chills have prompted the Chautauqua County Department of Health and Human Services to issue a Code Blue Warning.This warning is triggered when temperatures reach 32 degrees or lower and requires shelter access to anyone in need of assistance.During normal business hours of 8:30 a.m. to 4:30 p.m. Monday through Friday, people seeking emergency shelter should report to the Department of Health and Human Services offices in Dunkirk or Jamestown where emergency shelter will be arranged.After normal business hours and on weekends and holidays, persons seeking emergency shelter or those who know of someone who is in need of emergency shelter or who is experiencing homelessness should contact the Chautauqua County Sheriff’s Office by dialing 911 and shelter assistance will be provided. Assistance will also be provided by any local law enforcement agency in Chautauqua County.The following agencies are also able to assist with Code Blue placements in Chautauqua County:Brooks Hospital, UPMC Chautauqua Hospital and The Chautauqua County Department of Mental Hygiene;The United Christian Advocacy Network (UCAN) City Mission can be utilized by adult males and is located at 7 West First Street, Jamestown, and may be contacted by calling (716) 488-7480.In addition, the following Chautauqua County warming centers may be open during the following hours and at the following locations. It is strongly encouraged that people seeking warming center assistance contact the site to determine specific hours and closures: Share:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window)last_img read more

Ferguson Police Officer Darren Wilson Not Indicted By Grand Jury

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A grand jury in St. Louis, Missouri has declined to indict Darren Wilson, the white Ferguson police officer who shot and killed unarmed black teenager Michael Brown in August, reigniting violent demonstrations from months ago.St. Louis County prosecutor Robert McCulloch announced the decision, which was condemned by the 18-year-old man’s family and supporters. President Barack Obama called for peace, but police and protestors clashed moments after the announcement  9 p.m. Monday.“There was a full investigation,” McCulloch said of the grand jury’s review of 75 hours of testimony from 60 witnesses. “They determined that no probable cause exists.”Two black women, one black man, six white men and three white women comprised the grand jury. They spent three months weighing the evidence to render their decision.Ferguson, Mo. has been a city of unrest since the shooting, with mass protests and demonstrations; many resulting in violent clashes with military-outfitted police and riot squads as well as the state National Guard capturing headlines around the world.Brown’s slaying reignited passionate discussions about racial tension in the United States and fueled debate regarding press freedoms.McCulloch, Obama and Brown’s family urged protestors to use the incident as an opportunity for positive change and not an excuse for violence.“No matter what the grand jury decides, I do not want my son’s death to be in vain,” Obama said, quoting Brown’s father, which later issued a statement saying he was disappointed by the decision.Those calls for peace appeared to be ignored, as protestors were seen on TV news reports throwing tear gas canisters back at police after police tried to disperse the crowd, once it turned unruly.Local businesses in the area had boarded up their windows and several schools in the area had closed early for Thanksgiving break, according to published reports, in anticipation of the verdict. Missouri Gov. Jay Nixon declared a state of emergency and also activated the Missouri National Guard.He stood with St. Louis County Executive Charlie A. Dooley and St. Louis Mayor Francis G. Slay Monday evening prior to the grand jury’s decision, jointly calling for “peace, respect and restraint.”“No matter what is announced,” said Dooley, “people will be emotional. I want people to think with their heads, not with their emotions.”“What happened to Michael Brown has deeply divided us,” said Slay, adding a message to protestors. “We will protect your right to peacefully assemble and speak your mind. [But violence and destruction of property] will not be tolerated.“The world will be watching us.”The U.S. Department of Justice is currently conducting a civil investigation into the Ferguson Police Department. That probe is ongoing, but it is unclear when it will be completed.last_img read more

Illegal fishing still rife in North Natuna Sea: Ministry

first_imgSince the 115 anti-illegal fishing task force led by former minister Susi Pudjiastuti was disbanded in December, the ministry has arrested just 19 foreign fishing vessels, comprising Vietnam-, Malaysia- and Philippine-flagged fishing boats — a far cry from previous endeavors.Susi shot to fame during President Joko “Jokowi” Widodo’s first term for her insistence to “sink the ships” of other countries, but her strong personality was increasingly seen as a liability to the President, especially when it came to dealing with countries whose ships she had downed.She was replaced in Jokowi’s second term by Edhy Prabowo, an erstwhile lawmaker in the House of Representatives’ Commission IV overseeing marine resources.Observers have long bemoaned the continued practice of illegal fishing by other countries, which is partly exacerbated by a lack of surveillance ships and regulations.Read also: Minister Prabowo to deploy more ships to protect NatunaWhile Indonesia and Vietnam reached an agreement on a continental shelf boundary in 2003 after 30 years of negotiations, the two sides are still delimiting exclusive economic zones (EEZ) that some experts say will take many more years to settle.An EEZ grants exclusive rights to the country that controls it to exploit the resources within the water column, but both sides have overlapping claims.The claims have been a source of constant tension between the Southeast Asian neighbors, resulting in them agreeing to negotiate a “provisional arrangement” to prevent skirmishes at sea.Read also: Natuna tuna: Indonesia invites Vietnamese company to buy area’s fishVietnamese authorities have protested that their vessels were often caught in waters that both countries claimed as their own, but Haeru said he was “highly confident” that the latest boats to be seized were fishing well within Indonesia’s economic borders.“Even if they protested, there is an avenue for the Foreign Ministry to resolve the issue,” he said, adding that the crewmen have been sent to Batam to undergo further legal processes.The Vietnamese mission in Jakarta said it had not been informed of the arrest.Vietnam itself has been preoccupied with its own maritime skirmishes with China, after one of its own fishing boats was sunk by a Chinese white hull near the disputed Paracel Islands in the South China Sea last week, according to local reports.Hanoi lodged an official protest on Saturday, while the United States on Monday said it was “seriously concerned” about China’s actions and urged Beijing to instead focus on global efforts to fight the COVID-19 pandemic.Read also: Jakarta asserts sovereign rights on NatunaIndonesia was also caught in a diplomatic spat with China as early as December after it emerged that Chinese vessels had been illegally poaching in Indonesia’s EEZ for weeks.This sparked the Indonesian government’s order for hundreds of fishermen from the Javanese coastline to populate the North Natuna Sea, although only a few dozen have heeded the call.Topics : Most recently, the ministry detained two Vietnamese-flagged fishing vessels on Friday for illicit activities within the waters of Indonesia’s exclusive economic zone in Riau Islands province.The vessels, identified as KG 93811 TS and KG 93012 TS, were seized by the Orca 03 fisheries supervisory vessel, along with 22 Vietnamese crew members and illegal trawling equipment.The ministry’s director general of marine resources and fisheries supervision, TB Haeru Rahayu, said the boats were caught in the 711 Fisheries Management Area (WPP), which encompasses the Karimata Strait, the Natuna Sea and the North Natuna Sea. “Looking at the data in the field, it seems there is an increasingly concerning trend of more illegal fishing activities in North Natuna,” he told The Jakarta Post on Tuesday. As various government agencies scramble to contain the spread of COVID-19, illegal fishing in Indonesia’s outermost islands of the North Natuna Sea remains rife, a senior official at the Maritime Affairs and Fisheries Ministry has said.Indonesia’s vast and porous borders have been subject to years — even decades — of poaching by countries as far away as China, but the coronavirus pandemic has dominated much of the headlines since it spread throughout Southeast Asia over the past couple of months.But while most governments in the region have looked inward to curb the spread of the deadly disease within their respective borders, the disease has not stopped foreign fishermen from trying to fish illegally in Indonesian waters.last_img read more

Over a Ton of Heroin Seized aboard OSV off Turkey

first_imgTurkish security forces have seized one tonne and 71 kilograms of heroin on board an offshore supply ship identified as Commander Tide, Turkish anti-narcotics police department said.The Democratic Republic of Congo-flagged cargo ship was raided by Turkish naval forces, the coastguard and special police forces, on June 2nd while sailing in international waters bound for Turkey.The contraband, estimated to be worth around USD 57 million, was found in secret compartments on the ship.As informed, this is a record drug bust for the security forces in Turkey.Commander Tide’s nine crew members were detained and taken to a naval base in Marmaris, Reuters reports.The 1984-built vessel’s current position on Marine Traffic shows that the vessel, which is said to be laid-up, was stopped.According to the data by VesselsValue, the ship was bought by Marshall-Islands-based Corbata Maritime.World Maritime News Stafflast_img read more

FIFA shifts India U-17 World Cup group matches from Mumbai to New Delhi

first_imgHeeding to the government’s request, football’s world governing body, FIFA, on Saturday, shifted India’s group matches of the upcoming U-17 World Cup from Mumbai to the national capital.The All India Football Federation (AIFF) initially wanted Mumbai to host India’s matches but later asked FIFA to shift them to New Delhi under pressure from the sports ministry. The government felt it was appropriate that the national capital hosts the home team’s matches.”Following a request from the All India Football Federation to hold the group matches of the FIFA U-17 World Cup India 2017 in which India are playing in New Delhi, and the fruitful discussions between the Local Organising Committee (LOC) and the local government, FIFA has agreed to amend the match schedule,” the Local Organising Committee (LOC) said in a statement.As per the amended schedule, Group A, featuring the home team, which is automatically seeded as A1, will be based in New Delhi and teams of Group B will be based in Navi Mumbai. Matches for the knockout stage remain as planned before.Acknowledging the increased efforts of the local authorities and the LOC in connection with the requested amendment, FIFA’s Head of Tournaments Jaime Yarza said: “Attendance, especially in the venue where the home team plays its matches, is one of the priorities of the FIFA U-17 World Cup India 2017, crucial to achieving the purpose of better positioning football in the country, so the government’s commitment in this regard is highly appreciated.”The presence of the secretary of sports at the meetings concerning the state of the works in the stadium and training sites sends a positive message and reflects the strong involvement of the authorities.advertisement”We expect this involvement to extend into the area of pollution prevention, which has been an important topic discussed in relation to the tournament, in particular in Delhi. We are now expecting an action response plan to prevent pollution levels from affecting the tournament, which ideally should continue beyond the tournament.”Besides India, who are automatically qualified as hosts, the following teams have booked their tickets to the competition: Iran, Iraq, Japan, Korea DPR (Asia); New Caledonia, New Zealand (Oceania); Brazil, Chile, Colombia, Paraguay (South America); Costa Rica, Honduras, Mexico, USA (North, Central America and Caribbean); England, France, Germany, Spain, Turkey (Europe); Mali, Nigeria, Ghana, and Guinea (Africa).last_img read more