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Key role for Middle East in ICR Group growth strategy

Key role for Middle East in ICR Group growth strategy   ICR Group has recorded its highest turnover since the business was launched in 2011 – with the Middle East playing a key role in the firm’s success. ICR, a technology-focused provider of specialist maintenance, inspection and integrity solutions across multiple sectors, has seen increased demand across its core energy sector operations, following the roll-out of an internationalisation strategy and diversification...

Kellas Midstream enters FEED for its H2NorthEast hydrogen project on Teesside

Kellas Midstream enters FEED for its H2NorthEast hydrogen project on Teesside   Kellas Midstream, the Aberdeen-based independent energy infrastructure company, has started front end engineering design (FEED) work on its H2NorthEast hydrogen project in Teesside. The project has been working towards this key milestone since it was successfully awarded funding in March this year through the Net Zero Hydrogen Fund, a UK government initiative to support the commercial deployment of low car...

SLB, Aker Solutions and Subsea7 announce closing of the OneSubsea joint venture

SLB, Aker Solutions and Subsea7 announce closing of the OneSubsea joint venture   Subsea7 today announced the final closing of the previously announced joint venture with SLB1 and Aker Solutions2. The new business, which will adopt the OneSubsea name, will drive innovation and efficiency in subsea production by helping customers unlock reserves and reduce cycle time. OneSubsea now comprises SLB’s and Aker Solutions’ subsea businesses, which include an extensive complem...

Oil prices climb as risk appetite grows, focus returns to supply outlook

Oil prices climb as risk appetite grows, focus returns to supply outlook   Oil prices edged up on Monday, recouping some of the losses suffered at the end of last week, as investors focused on a tight global supply outlook while a last-minute deal that avoided a U.S. government shutdown restored risk appetite. Brent December crude futures rose 25 cents, or 0.3%, to $92.45 a barrel by 0415 GMT after falling 90 cents on Friday. Brent November futures settled down 7 cents at $95.31 a...

Energy world to come together at ADIPEC in Abu Dhabi to showcase the cutting-edge innovations and bold partnerships accelerating the energy transition

Energy world to come together at ADIPEC in Abu Dhabi to showcase the cutting-edge innovations and bold partnerships accelerating the energy transition    ADIPEC 2023 will open its doors on Monday, 2 October, gathering the global energy industry to advance decarbonising today’s energy system and to collaborate on the energy system of tomorrow. Featuring a rich exhibition programme that covers energy-related technology, innovation, collaboration, and digitalisation, ADIPEC...

EnerQuip unveils Middle East commitment as investment continues

EnerQuip unveils Middle East commitment as investment continues   Multi award-winning torque specialist EnerQuip has underlined its commitment to the Middle East as part of a £1.5 million investment across its global operations. The leading provider of innovative torque machine solutions for the energy industry has unveiled plans to expand  its existing site at Findon on the outskirts of Aberdeen in a bid to cope with growing demand for its groundbreaking mobile torque u...

Equinor ready to begin drilling work with Transocean rig

Equinor ready to begin drilling work with Transocean rig   Norwegian state-owned oil and gas player Equinor has received consent from the country’s offshore safety regulator to use one of Transocean’s semi-submersible rigs for production drilling at a field located in the North Sea off Norway. The Petroleum Safety Authority Norway (PSA) recently gave Equinor consent to use the Transocean Enabler rig for production drilling at the Utgard field. This covers plugging, dril...

Aramco Acquires Stake in MidOcean Energy

Aramco Acquires Stake in MidOcean Energy   Aramco, a Dhahran, Saudi Arabia-based integrated energy and chemicals company, acquired a strategic minority stake in MidOcean Energy, a Washington, DC-based liquefied natural gas (LNG) company, for $500M. Completion of the transaction is subject to closing conditions which include regulatory approvals. The partnership enables Aramco to tap into international LNG opportunities. Led by CEO De la Rey Venter, MidOcean Energy is an LNG comp...

TechnipFMC lands new contract with Petrobras

TechnipFMC lands new contract with Petrobras   Subsea giant TechnipFMC has been awarded a contract by Petrobras to supply flexible pipes for the pre-salt fields offshore Brazil. The New York-listed company will design, engineer, and manufacture 14 km of gas injection riser pipes and also supply associated services including packing and storage. “We have an established team in place who have earned the trust of Petrobras over many years of collaboration,” said Jonath...

Trillion Energy to Drill 5 New Wells in Gas Field Offshore Turkiye

Trillion Energy to Drill 5 New Wells in Gas Field Offshore Turkiye   Trillion Energy International Inc. plans to drill five new sidetracked production wells from existing platforms at its SASB gas field in the Black Sea offshore Turkiye to raise the total number of producing wells to 11. Trillion also plans to drill at least one exploration well targeting potential stratigraphic natural gas prospects in the SASB field, the company said in a news release Monday. In 2024, the compan...

TotalEnergies sells 40% stake in Block 20 offshore Angola for $400m

TotalEnergies sells 40% stake in Block 20 offshore Angola for $400m Block 20 comprises the Cameia and Golfinho deep-water oil discoveries, which are due to be commissioned in 2026.   French energy company TotalEnergies has closed the sale of a 40% stake in Block 20 in the Kwanza Basin in Angola to Petronas Angola E&P LTD (PAEPL), a unit of Petronas, for $400m (€380.7m). Block 20 comprises the Cameia and Golfinho oil discoveries located around 150km south-west of Luanda....

KBR awarded project management contract for Pluto LNG

KBR awarded project management contract for Pluto LNG   KBR announced that it has been awarded an engineering, procurement and construction management (EPCm) contract by Woodside Energy, as operator for and on behalf of the Pluto Joint Venture. Under the contract, KBR will undertake modifications to Train 1 of Woodside’s Pluto LNG facility, located near Karratha, Western Australia. The modifications will enable the processing of up to three million tonnes per annum of Scarbor...

MNZ Cluster signs Memorandum of Understanding with Peak Cluster to explore carbon storage solution for major cement and lime plants

MNZ Cluster signs Memorandum of Understanding with Peak Cluster to explore carbon storage solution for major cement and lime plants   The Morecambe Net Zero (MNZ) Cluster, a planned carbon dioxide storage facility off the coast of Barrow-in-Furness, has today entered into a Memorandum of Understanding (MoU) to explore storage opportunities for carbon dioxide (CO2) captured by the Peak Cluster. Together, MNZ and Peak Cluster will accelerate the UK’s journey to net zero. Peak...

Montrose Port Authority embarks on bold restoration initiative for iconic Customs House and Granary Store

Montrose Port Authority embarks on bold restoration initiative for iconic Customs House and Granary Store   The 19th Century listed buildings which previously reflected the importance of Montrose in the world of international trade and shipping have been bought by Montrose Port Authority (MPA). Situated on the Port’s north quayside, the imposing B-listed Customs House and Granary Store was previously owned by the Stonehaven-based engineering firm, Whittaker Group which planne...

Delivering a Just Transition

Gillian Martin, Energy and Environment Minister for Scotland on the importance of Oil & Gas skills to deliver the energy transition, grid access, pumped hydro, and the community benefit of the 28GW Scottish offshore wind projects. Find out about the partnering strategy to develop hydrogen export to Europe, the politics of international interconnectors and the potential contribution of Artificial Intelligence to the Energy Transition.

Crude oil price hits $97 per barrel, the highest so far in 2023

Crude oil price hits $97 per barrel, the highest so far in 2023   A recent assessment of oil prices conducted on Thursday, September 28 at 5:00 AM (GMT+1) revealed that Brent crude had surged to $97.24 per barrel, marking its highest point since November 2022. This substantial price increase was propelled by an upswing in demand and a noticeable reduction in the crude oil supply.   It is worth noting the pivotal role played by Saudi Arabia and Russia in this surge, as they...

Sir Jim Ratcliffe Says The UK’s Total Lack Of An Energy Policy Is “completely Irresponsible” And Warns That North Sea Oil Flows Have Now Declined 40% In Last Six Years

Sir Jim Ratcliffe Says The UK’s Total Lack Of An Energy Policy Is “completely Irresponsible” And Warns That North Sea Oil Flows Have Now Declined 40% In Last Six Years INEOS today said its Forties Pipeline System (FPS) has seen North Sea oil flows decline by 40% over the last six years. The FPS, which processes 40% of the North Sea’s oil, has been forced to close a third of its processing capacity, potentially threatening hundreds of skilled jobs that depend on it....

Motive Offshore enhances offering in MENA region with new partnership

Motive Offshore enhances offering in MENA region with new partnership   Motive Offshore Group (Motive), which specialises in engineering, inspection and rental equipment for the energy sector, has partnered with Emirates Specialized Contracting & Oilfield Services (ESCO), a leading provider of support services to the offshore oil and gas and marine sectors. The deal will bring a suite of innovative offshore services and solutions to support the burgeoning market in the MENA region...

Eni Secures 2 Out of 4 Blocks in Egypt's Oil & Gas Auction

Eni Secures 2 Out of 4 Blocks in Egypt's Oil & Gas Auction   Eni SpA, Italy's energy giant, emerged as a prominent winner in Egypt's auction for oil and gas exploration rights, securing concessions for two of the four blocks outright, per the country's petroleum ministry. Additionally, Eni joined forces with BP plc and QatarEnergy to secure a third block in the Mediterranean Sea. BP - Free Report) and QatarEnergy to secure a third block in the Mediterranean Sea...

Subsea7 major subsea contract

Subsea7 major subsea contract   Subsea7 today announced receipt of a client recommendation to execute, subject to consortium partners’ approval, a major1 contract which will be recorded in the Subsea and Conventional business unit’s backlog in the third quarter 2023. Consortium approval is expected in the fourth quarter 2023. No further details are disclosed at this time due to contractual obligations. (1)  Subsea7 defines a major contract as being over USD 750...
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