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Scopus Engineering awarded decommissioning agreement with Petrodec

Scopus Engineering awarded decommissioning agreement with Petrodec   Scopus Engineering, a wholly owned subsidiary of Worley, has been awarded a decommissioning services agreement with Petrodec in the North Sea. The agreement is to provide dimensional control survey services for the removal of the Amethyst C1D topside in the southern North Sea. The six-month agreement will see Sco...

Petronas awards Block SB405 in offshore Sabah to ConocoPhillips and Petronas Carigali

Petronas awards Block SB405 in offshore Sabah to ConocoPhillips and Petronas Carigali   Petroliam Nasional Bhd (Petronas) has awarded Block SB405, located off the coast of Sabah, to ConocoPhillips East Malaysia Ltd (COPEM) and Petronas Carigali Sdn Bhd (PCSB), which is expected to bolster exploration activities off the coast of Sabah following the opening of more block investment opportunities in the country. The production sharing contract (PSC) was signed today, the group sai...

AXIS Network - Start of year message

AXIS Network - Start of year message   In years to come, when we reflect on 2020, it is evident that COVID-19 will be the topic that immediately leaps to mind in what was a challenging year for us all. The triple whammy of low oil and low gas prices and the pandemic has had a hugely damaging effect on jobs, communities, and our industry. As we continue to go through this difficult time, it is of some relief that we are finally starting to see a flicker of light at the end of this very...

Hiring wave coming: Offshore wind staff demand to triple by 2030, hundreds of thousands needed

Hiring wave coming: Offshore wind staff demand to triple by 2030, hundreds of thousands needed   The Covid-19 downturn has once again caused employment rates to plummet in the oil and gas industry. Even though some uptick is expected when the recovery arrives, employment will never return to the glories of just a few years ago. However, there is an energy segment that will be the new hiring haven for energy jobs, a Rystad Energy analysis shows – offshore wind. Demand for offs...

Chevron awards Worley engineering services contract

Chevron awards Worley engineering services contract   Worley has been awarded a global contract for early phase engineering services by Chevron USA, through its Chevron Technical Centre division (Chevron). Under the contract, Worley will provide early phase engineering services to Chevron’s global upstream and downstream projects, both onshore and offshore, over a five-year period. The services utilise Worley’s digital design and optimisation tool, SeleXpress. The co...

Malaysia's Petronas to Offer 13 Offshore Blocks in Feb. 26 Bid Round

Malaysia's Petronas to Offer 13 Offshore Blocks in Feb. 26 Bid Round   Malaysian national oil and gas company Petronas will be offering 13 offshore exploration blocks in Malaysia at the upcoming Malaysia bid round 2021 launch on February 26, 2021. Also included, Petronas said, are six discovered fields to incentivize investors to undertake more extensive exploration activities within those blocks. According to Petronas, this year’s offshore bid round also features the...

AqualisBraemar LOC Continues Acquisition Spree, Buys East Point Geo

AqualisBraemar LOC Continues Acquisition Spree, Buys East Point Geo   AqualisBraemar LOC Group is acquiring East Point Geo, a UK-based geoscience consultancy in the offshore and onshore renewable energy and oil and gas sectors. AqualisBraemar LOC, which has entered into a definitive agreement to obtain 100 per cent of the share capital of East Point Geo Limited, said that this acquisition would strengthen its geoscience offering within the renewables industry and help achieve its o...

Big Oil’s big money push into UK offshore wind raises eyebrows

Big Oil’s big money push into UK offshore wind raises eyebrows   With the UK preparing to host COP26 in Glasgow, the most important UN climate-change conference since Paris in 2015, last week’s auction of 8 gigawatts of offshore-wind capacity in England and Wales under new bidding arrangements raises two pressing questions. First, are we now set for a slowdown or even a reversal of the strong deflationary dynamic experienced by the offshore-wind industry over the past d...

TecnhipFMC awarded EPCI contract for North El Amriya and North Idku

TecnhipFMC awarded EPCI contract for North El Amriya and North Idku   TechnipFMC has been awarded a significant integrated Engineering Procurement Construction and Installation (iEPCI™) contract by NIpetco and PetroAmriya, two Joint Ventures between Energean and Egyptian Natural Gas Holding Company (EGAS) and Egyptian General Petroleum Corporation (EGPC) for a subsea tieback located offshore Egypt on the North El Amriya and North Idku concession. TechnipFMC will design, manuf...

Premier gets the nod for Balmoral decommissioning plans

Premier gets the nod for Balmoral decommissioning plans   Premier Oil submitted its decommissioning programs to the UK authorities back in September 2020. The document contains the decommissioning programs for the Balmoral floating production vessel (FPV) and field subsea installations and pipelines. A Cessation of Production application for the field has been discussed with and submitted to the Oil and Gas Authority, and was approved on 23 April 2018. The Greater Balmoral Ar...

3t Energy Group continues growth with acquisition of Petrofac’s UK in-person Training Business

3t Energy Group continues growth with acquisition of Petrofac’s UK in-person Training Business   Today 3t Energy announced that it has exchanged contracts with Petrofac for its UK-based in-person training business, cementing its position as the market leader. Kevin Franklin – CEO of 3T Energy group said: “We are delighted to confirm the acquisition of one of the energy sectors' premier training providers businesses. This acquisition positions us as the nu...

Fugro launches MASSPeople international working group for remote and autonomous training standards

Fugro launches MASSPeople international working group for remote and autonomous training standards   In partnership with SeaBot XR, a leading agency for next-generation cutting-edge learning products and services, and the UK Maritime and Coastguard Agency, Fugro has launched MASSPeople, the Maritime Autonomous Surface Ships (MASS) International Training Standards Working Group. The group consists of representatives from European and international maritime authorities who will collabor...

ENGIE and Equinor join forces in the development of low-carbon hydrogen

ENGIE and Equinor join forces in the development of low-carbon hydrogen   ENGIE and Equinor announce their partnership to develop joint low-carbon hydrogen activities. The partners will investigate the production and market potential for hydrogen from natural gas whereby the CO2 will be captured and stored permanently offshore. ENGIE and Equinor signed a memorandum of understanding to investigate the development low-carbon hydrogen value chains in Belgium, the Netherlands and Franc...

Solstad Offshore seals new CSV contract by Global Marine Group

Solstad Offshore seals new CSV contract by Global Marine Group   Norway’s Solstad Offshore has been awarded a contract by Global Marine Group (GMG) for 2001-built construction support vessel Normand Cutter. The contract will commence next month, in direct continuation of current charter with GMG, for a period of 120 days. Further options are available, which could extend the contract for up to 200 days. The vessel will be used on GMG’s cable installation, trenching,...

Oil prices break above $65 a barrel, passing 13-month high

Oil prices break above $65 a barrel, passing 13-month high   Crude oil prices were all fired up at the fourth trading session of the week, as it continued an almost week-long bullish run, passing 13-month highs. The arctic blast presently in play at Texas continues to distort oil production, with more than 20% of U.S. refining output and a million barrels of oil output closed down. What you need to know: At press time, Brent crude futures rallied by 1.20% to trade at $65.11 a ba...

Halliburton Names Bob Patel to Board of Directors

Halliburton Names Bob Patel to Board of Directors   Halliburton Company today announced that Mr. Bhavesh V. (Bob) Patel has been named to the Company’s board of directors. The appointment is effective February 17, 2021, and he will stand for election by stockholders at the Company’s annual meeting on May 19,2021. “Bob has a distinguished track record in safety and operational excellence,” said Jeff Miller, Halliburton chairman, president, and CEO. “Thi...

Oil and gas firm buys into Ideol to target large offshore wind projects

Oil and gas firm buys into Ideol to target large offshore wind projects   Oil and gas floating services provider BW Offshore will invest €60 million in Ideol to create the integrated floating offshore wind company BW Ideol. BW Offshore expects to own around 50% of BW Ideol following planned capital investment and listing of it as a separate company on Oslo equity trading market Euronext Growth. The firm did not immediately confirm whether this holding was a majority or mino...

THREE60 Energy makes appointment to EPC&C service line

THREE60 Energy makes appointment to EPC&C service line   THREE60 Energy, the global energy services group, has announced a strategic addition to its Engineering, Procurement, Construction and Commissioning (EPC&C) service line with the appointment of Garrie Scott as Projects Director. Scott (pictured) brings significant UK and international energy industry experience to THREE60 Energy having spent over four decades with operators, consultancy and tier 1 EPC organisations in...

Perfect storm: Energy supply chain slashed by extreme weather

Perfect storm: Energy supply chain slashed by extreme weather   Texas natural gas producers struggled to keep up with record demand during the historic winter storm that wreaked havoc on the state’s electricity grid and plunged millions of residents into frigid darkness. The companies were challenged by power outages to oil and gas operations, freezing temperatures that immobilized and damaged equipment, and hazardous road conditions that hampered access to well sites. These...

Carbon Neutral Energy (CNE) appoints marine and shipping stalwart as its first Non-Executive Director

Carbon Neutral Energy (CNE) appoints marine and shipping stalwart as its first Non-Executive Director   Hybrid power solutions company, Carbon neutral Energy (CNE), has appointed Callum Bruce as its first non-executive director to help build the business, following the announcement that it is to embark on a major fund raise. Mr Bruce joins the CNE board with 35 years in the marine and shipping industries. As Chief Executive of North Star Shipping for over 20 years, Mr Bruce was res...
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