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Petrofac inks supplier agreement with SSE for Seagreen wind farm project

Petrofac inks supplier agreement with SSE for Seagreen wind farm project   Oil and gas industry service provider Petrofac has been tapped by SSE Renewables to design, supply and install HVAC onshore and offshore substations for the Seagreen wind farm project. Petrofac has already started early work on the project, which will be located 27 kilometres off the coast of Angus, immediately after entering into a preferred supplier agreement with SSE. The FTSE 250-listed firm noted tha...

Leadership changes herald next chapter for READ Cased Hole

Leadership changes herald next chapter for READ Cased Hole   World-leading cased hole logging specialist, READ Cased Hole, has revamped its senior leadership team by appointing Bruce Melvin, formerly CFO, to the role of CEO. READ now operates with a leaner senior leadership team of three, spearheaded by Bruce and comprising Alan Walsh, Service Delivery Director and Kevin Giles, Global Commercial Director. Bruce said, “I am very pleased take up the position of CEO at READ....

Wellpro Group announces growth in Asia

Wellpro Group announces growth in Asia   Global well intervention company Wellpro Group has announced significant growth in Asia with plans for further expansion in the region. The Aberdeen-headquartered thru tubing and well intervention provider, which established offices and a workshop in Malaysia towards the end of 2019, has enjoyed significant growth and has aggressive expansion plans for 2020 and beyond. Wellpro Group in Asia is led by Regional Manager Martin Webster, it ex...

Key questions facing oil and gas companies operating in Iraq

Key questions facing oil and gas companies operating in Iraq   The US and Iran seem to be have stepped back from the brink of armed conflict, at least for now, but many oil and gas companies nevertheless face serious decisions regarding their short and mid-term plans in neighboring Iraq, where tensions remain high. There are still some 5000 American troops stationed in Iraq, but their continued presence there has become uncertain. (See Rystad Energy press release from January 10, 2...

Oil and gas companies getting attracted towards enormous resource potential of the Arctic region, says GlobalData

Oil and gas companies getting attracted towards enormous resource potential of the Arctic region, says GlobalData   The Arctic region is largely under-explored due to its cold, harsh climatic conditions, frozen seas and lack of investment in infrastructure development. However, this picture is gradually changing. Dwindling oil and gas reserves worldwide is raising the case for exploration and production (E&P) companies to venture into the Arctic in search of hydrocarbons, accordin...

Team Growth as OGV realises its 2020 Vision

Team Growth as OGV realises its 2020 Vision   OGV Energy builds on their successes of 2019 with an expansion of its global office locations and the announcement of two key appointments as part of a strategic growth strategy for 2020. The addition of a dedicated Managing Editor to undertake the leadership of the print and publishing division, will be supported by a talented Marketing Executive. This will deepen the news, advertising and content offering and provide added value to reade...

Apache Donates More Than 61,000 Trees To 54 Organizations

Apache Donates More Than 61,000 Trees To 54 Organizations   Apache Corporation has announced the donation of over 61,000 trees to 54 partner organizations through its annual Apache Tree Grant Program. Since the program’s launch in 2005, more than 4.6 million trees have been planted with partners in 17 states. Plantings from this year’s grants began in October 2019 and will continue through May. "Now in its 14th year, Apache’s tree grant program is one of many...

Saudi Aramco still betting on oil expansions, says GlobalData

Saudi Aramco still betting on oil expansions, says GlobalData   Saudi Aramco is continuing to focus significant efforts on crude oil expansion, according to GlobalData, a leading data and analytics company. The company’s report, ‘Saudi Aramco After IPO – Company Overview and Development Outlook’, reveals that five major expansion projects – four crude and one natural gas – are being planned to boost output in the country. One eighth of the wor...

ConocoPhillips Hits Oil, Gas In North Sea

ConocoPhillips Hits Oil, Gas In North Sea   ConocoPhillips has made what the Norwegian Petroleum Directorate (NPD) is calling a minor oil and gas discovery near the Balder Field in the North Sea. “Preliminary estimates place the size of the discovery at between 1 and 5 million standard cubic meters of recoverable oil equivalent,” the NPD said in a news release Jan. 14. “The licensees will assess the well results with a view to further exploration in the license.&r...

Eni to start gas production of Zohr’s 14th well next week

Eni to start gas production of Zohr’s 14th well next week   Italian Eni will start commercial production of the 14th well in the Mediterranean’s Zohr gas field next week, bringing the total production capacity of the project to about 2.3bn cubic feet per day (scf/day). Eni had completed the implementation of the Zohr deep-water development ahead of schedule, which contributed to increasing gas reserves locally, surpassing market needs, according to a source with knowled...

Oil and gas firm targets North Sea acquisitions amid competition for assets

Oil and gas firm targets North Sea acquisitions amid competition for assets   North Sea-focused Serica Energy has said it wants to make more acquisitions as it prepares to invest heavily in assets it has bought in the area. Serica reckons it has become one of the 10 biggest independent operators in the UK North Sea after completing a series of deals that gave it operating control of three bumper fields East of Shetland. The acquisition of stakes in the Bruce, Keith and Rhum (BKR...

Cairn Energy Joint Venture To Go Ahead With Senegal Offshore Project

Cairn Energy Joint Venture To Go Ahead With Senegal Offshore Project   Cairn Energy PLC and its partners in Senegal has approved the development of the Sangomar field, Cairn confirmed on Wednesday. Edinburgh-based Cairn operates the project alongside Australia's Woodside Petroleum Ltd and FAR Ltd, another Australian energy company. Woodside reported approval of the first phase of the project last week. Cairn said the decision follows approval from the government of Senegal....

Contract award for electrification of Troll B and Troll C

Contract award for electrification of Troll B and Troll C On behalf of the Troll partners, Equinor has awarded Aker Solutions a front-end engineering and design contract (FEED) for topside modifications to accommodate power from shore at the Troll B and C platforms. "This is an important award that supports the industry’s ambition to reduce its greenhouse gas emissions in Norway with 40 percent by 2030 and to near zero by 2050. Using electrical power from shore will require la...

DNV GL launches standard reducing risk and improving quality in the design, construction and installation of pipelines using horizontal directional drilling

DNV GL launches standard reducing risk and improving quality in the design, construction and installation of pipelines using horizontal directional drilling   A new standard for site investigation, engineering, planning and execution of pipeline installation through horizontal directional drilling (HDD), has been published by DNV GL, the technical advisor to the oil and gas industry. The new standard, DNVGL-ST-F121, was created through a joint industry project (JIP) and provides a...

Equinor awarded 23 new production licences on the Norwegian continental shelf

Equinor awarded 23 new production licences on the Norwegian continental shelf Equinor has been awarded 23 new production licences by the Ministry of Petroleum and Energy during the awards in predefined areas (APA) 2019 – 14 of the licences are Equinor-operated and 9 are partner-operated. “The award enables us to mature new prospects and prove profitable resources that can be developed within the scope of our new climate roadmap for the Norwegian continental shelf (NCS),&rdquo...

Norway awards 69 oil and gas exploration blocks -NPD

Norway awards 69 oil and gas exploration blocks - NPD   The Norwegian government has awarded 28 oil and gas companies a total of 69 offshore blocks to explore for petroleum in mature areas of its continental shelf, the Norwegian Petroleum Directorate said on Tuesday. It did not immediately name the winners. Thirty-three oil companies had submitted bids by a September deadline for a total of 90 offshore exploration blocks, including 48 blocks in the Arctic Barents Sea. While Norw...

Surge in demand for data science set to continue into the new decade

Surge in demand for data science set to continue into the new decade Roy Buchan, Senior Vice President of OPEX Group   It’s fair to say that 2019 ended on a note of political and economic turmoil. But while the global oil and gas industry will face a number of uncertainties over the coming months, there is one trend I can predict with total confidence - the momentum-gaining groundswell in the adoption of data science and predictive technologies. In recent years, data analy...

A new offshore investment cycle is in the making

A new offshore investment cycle is in the making   In retrospect, 2019 was another strong year for offshore exploration and production companies. Free cash flow remained strong and telltale signs have emerged that we are entering a new offshore investment cycle. This trend was perhaps illustrated most profoundly by the rising swell of offshore project approval activity by operators in 2019. Globally, the amount of oil and gas resources approved for development last year surpassed 20 b...

North Sea operator Serica pays first dividend after settling debts

North Sea operator Serica pays first dividend after settling debts   North Sea oil and gas producer Serica Energy has unveiled plans to pay its maiden dividend this year after the company paid back all its borrowings. The company joins a growing list of stocks quoted on the Alternative Investment Market (AIM) that are beginning to pay dividends, with the overall amount of cash being returned to shareholders passing the £1 billion mark for the first time in 2018. Serica joined...

Game-changing addition to fleet for McLachlan Marine

Game-changing addition to fleet for McLachlan Marine   A key player in Aberdeen’s marine support scene has added a tenth boat to its growing fleet of workboat vessels. McLachlan Marine has acquired the 26-metre-long ‘Ocean Titan', a windfarm support vessel capable of 28 knots and MCA certified up to 60 nautical miles offshore, allowing them to offer faster support further out to sea. The substantial investment of more than £1 million follows a decade of rapid...
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