Karen and Nigel Cegal magazine OGV 2023 Calendar Cegal
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Drillship rates closing in on USD 300,000 per day threshold

Drillship rates closing in on USD 300,000 per day threshold   Dayrates for drillships are forging ahead on the path to recovery, having increased by 14% from an average of $170,000 per day in 2018 to $193,000 per day in 2019 for new unique contracts.The dayrates awarded to each drilling contractor cover a wide spread around these averages, varying based on equipment specification requirements as well as scope and length of the contract, among other factors. While a direct comparison i...

ICR announces key appointment in Norway

ICR announces key appointment in Norway   ICR Integrity (ICR), a leading global provider of integrated maintenance and integrity solutions to the oil and gas, power, chemical and nuclear industries, has announced the appointment of Johan Tønsberg as General Manager in Norway to support growth in the region. Johan has over 18 years’ experience working in the global upstream oil and gas sector in senior roles with operators such as Shell and Total as well as service comp...

Fugro kicks off major cable route site investigation for Sofia offshore wind farm

Fugro kicks off major cable route site investigation for Sofia offshore wind farm   Fugro’s multipurpose vessel Fugro Pioneer left the Port of Sunderland in the UK earlier this month to kick off a 6-month offshore site investigation and survey campaign for innogy’s Sofia offshore wind farm. With a consented capacity of 1.4 GW, Sofia will be one of the world’s biggest offshore wind farms; Fugro will provide geophysical and geotechnical services over the project&rsq...

Ashtead Technology secures new subsea installation monitoring contract with Ocean Installer for an additional six structures

Ashtead Technology secures new subsea installation monitoring contract with Ocean Installer for an additional six structures   Global subsea equipment solutions specialist, Ashtead Technology, has secured a new contract with Ocean Installer AS following the successful completion of a complex subsea installation in 2019. The Aberdeen-headquartered business will provide its Deflection Monitoring System (DMS) and experienced field engineers to install six Integrated Template Structure...

Oil and gas firms 'have had far worse climate impact than thought'

Oil and gas firms 'have had far worse climate impact than thought'   The oil and gas industry has had a far worse impact on the climate than previously believed, according to a study indicating that human emissions of fossil methane have been underestimated by up to 40%. Although the research will add to pressure on fossil fuel companies, scientists said there was cause for hope because it showed a big extra benefit could come from tighter regulation of the industry and a f...

Scots Oil & gas manufacturer spins out machining service to meet demand

Scots Oil & gas manufacturer spins out machining service to meet demand   Scots oil and gas manufacturing firm Angus 3D Solutions has spun out its traditional machining and manufacturing service as a separate company to meet demand and allow each to focus on their core markets. New firm Angus Machining Solutions Ltd is already working in Scotland and beyond with companies of all sizes – from start-ups and SMEs to large organisations - to outsource their machining / manufa...

Panoro to drill new production well at Guebiba field in Tunisia

Panoro to drill new production well at Guebiba field in Tunisia   UK-based Panoro Energy, along with its Tunisian joint venture partner Entreprise Tunisienne d’Activités Pétrolières (ETAP), has unveiled plans to drill a new production well on the Guebiba onshore field in Tunisia. The Guebiba onshore field is part of Thyna Production Services (TPS) operated assets in the country. The drilling of a new production well marks the first drilling activity on it...

Sparrows Group’s cranes to support Qatargas’ North Field expansion

Sparrows Group’s cranes to support Qatargas’ North Field expansion   Sparrows Group has secured a contract to manufacture three cranes for Qatargas’ North Field expansion project. The project, awarded through engineering firm McDermott International, will see the firm deliver two of its EC750 cranes for installation on wellhead platforms, as well as an EC1000 crane for a riser platform. North Field is the world’s biggest single non-associated natural gas...

TWMA appoints new CEO

TWMA appoints new CEO   Specialist drilling waste management company, TWMA, has announced the appointment of Halle Aslaksen as its new CEO. Mr Aslaksen joins the Aberdeen-headquartered company from the Norwegian hydropower operator Småkraft, where he served as CEO. He was previously CEO at TCO and president of ALTUS Intervention in Scandinavia. With more than 20 years’ experience in the oil and gas industry, Mr Aslaksen has built a career across several disciplines a...

Penspen and QiO Technologies announce their partnership with launch of THEIA, Penspen’s flagship digital integrity service for pipeline operators

Penspen and QiO Technologies announce their partnership with launch of THEIA, Penspen’s flagship digital integrity service for pipeline operators   Penspen has developed THEIA in partnership with QiO Technologies as an environment for pipeline operators across the world to access Penspen’s leading expertise in defect assessment and asset integrity management. The project is part of the company’s ongoing commitment to the digital transformation of its services. Pen...

Oil and gas M&A deal rises to US$370bn

 Oil and gas M&A deal rises to US$370bn   The total deal value in 2019 increased 40 per cent y-o-y to US$370bn in the oil and gas market, thanks to several upstream and downstream mega-deals, according to a new Deloitte report. Although the value of the deal increased, the overall deal count decreased by 40 per cent as companies continue to struggle against low commodity prices and challenging market conditions, according to Deloitte’s ‘2020 Oil and Gas M&A...

Energy giant Worley wins 2 more contracts

Energy giant Worley wins 2 more contracts   Energy giant Worley Ltd announced that it has won two LNG contracts from Total. Worley said that it had been awarded two master service agreements (MSAs) by Total for the Mozambique LNG Project to provide in-and-out of country services, including engineering, consulting and specialist engineering for delivering onshore and offshore (subsea) facilities to support the development of the new LNG facility. Worley’s local Mozambique o...

Now Extinction Rebellion targets Schlumberger - videos

Now Extinction Rebellion targets Schlumberger - videos   Extinction Rebellion's week-long protest highlighting incoming climate change issues - which rocked the nation yesterday when the lawn around the Newton Apple Tree at Trinity College was dug over - continues today with a blockade of the Schlumberger site on Madingley Road “to highlight university’s connection to fossil fuels”. At 2pm a group of Extinction Rebellion Cambridge and Extinction Rebellion Yout...

Deepwater Peru Well is a Dry Hole

Deepwater Peru Well is a Dry Hole   Tullow Oil plc reported Monday that the Karoon Energy-operated Marina-1 exploration well, drilled on the Z-38 license in the Tumbes Basin offshore Peru, having reached total depth and having encountered no significant hydrocarbons, will be plugged and abandoned. Karoon, through its KEI (Peru Z-38) Sucursal del Peru subsidiary, holds a 40-percent interest in Marina-1. Tullow and Pitkin Petroleum own the remaining 35-percent and 25-percent interest...

Tendeka partners with Wellvene to deliver enhanced swellable sealing solution for operators

Tendeka partners with Wellvene to deliver enhanced swellable sealing solution for operators   Independent global completions service specialists Tendeka has worked with design engineering and manufacturing company Wellvene to create and qualify a new version of its swellable sealing solution, SwellStack. The introduction of the enhanced Tendeka/Wellvene SwellStack provides a cost-effective sealing solution that is compatible with all Wellvene and original equipment manufacturer (OE...

Petrofac awarded contracts for ADNOC's Dalma project

Petrofac awarded contracts for ADNOC's Dalma project   Petrofac Emirates has been awarded two contracts, together worth around US$1.65 billion with Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates. The engineering, procurement (including novated long lead items), construction, transportation, offshore installation and commissioning contracts are for ADNOC’s Dalma Gas Development Project. The work scope encompasses offshore packages at Arzanah island and...

Pemex begins signing contract for new projects

Pemex begins signing contract for new projects   As reported by Reuters, Pemex has begun signing contracts with oilfield service firms specifically invited to submit bids for a new batch of priority exploration and production projects, the state-owned company’s chief executive has said. Octavio Romero said on the sidelines of an energy event in Ciudad del Carmen that the closed bidding process offers Pemex cost savings. “We invite the companies, who form consortia to...

AIS Training heads to Guyana to upskill oil and gas workers

AIS Training heads to Guyana to upskill oil and gas workers   Leading energy sector trainer, AIS Training, is helping oil and gas service provider, Panthera Solutions, prepare its workforce in Guyana for an influx of offshore contracts. Panthera Solutions, a joint venture partnership between Guyana’s Farfan & Mendes and Canada’s Crosbie Group Limited, provides world-class industrial solutions and value-added services to the emerging oil and gas industry in Guyana. A...

Halliburton launches streaming unconventional well test data retriever

Halliburton launches streaming unconventional well test data retriever   Halliburton Company has unveiled the SPIDRlive™ Self-Powered Intelligent Data Retriever, an unconventional well testing and fracture interaction monitoring technology that acquires real time well data without the need for intervention to reduce costs and improve fracture understanding for greater recovery. The SPIDRlive retriever combines quartz-based hardware and proprietary modeling software to capture...

First Marine Solutions strengthens marine services with key appointment

First Marine Solutions strengthens marine services with key appointment   First Marine Solutions (FMS) has made two senior appointments to strengthen the firm’s marine and engineering services. Darren Rendall and Marc Petty join the Aberdeen based mooring services provider as Technical Director and Marine Manager, respectively. FMS was established in 2008 to provide mooring equipment for global drilling operations. This latest announcement follows the recent contract award...
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