Tag: Oil & Gas

Shell Oil vs Nigeria’s Bodo community: UK court to deliver judgment Friday

A Court in London will deliver judgment on Friday in a case filed by lawyers for the Bodo community in Nigeria’s oil-producing Niger Delta.

The lawyers, went to court in London to fend off what they said was an attempt by Shell to kill off their litigation.

The community was devastated by two major oil spills a decade ago.

The Bodo oil spills have been the subject of years of legal wrangling.

Brent oil hits $80 for first time since late 2014

Benchmark oil contract Brent North Sea hit $80 a barrel Thursday for the first time since late 2014, extending a recent run higher fuelled by tight supply concerns.

Shortly before 1000 GMT, Brent North Sea crude for delivery in July jumped to $80.18 a barrel — the highest level since November 2014.

Around 1010 GMT, it pulled back to $79.79, still 51 cents higher than Wednesday.

Robots, drones take on dangerous offshore oil work

The energy industry has turned to robots and drones to cut costs and improve safety in some of the world’s tougher working environments.

Drones inspect gear high up on floating rigs. Robots crawl underwater to test subsea equipment for microscopic metal cracks. Remotely operated mini submarines can replace divers.