Cognite Cognite DNV Community Cognite
Latest news - All

How Venezuela pulled its oil production out of a tailspin

How Venezuela pulled its oil production out of a tailspin   Venezuela this year almost doubled its oil production from last year's decades-low as its state-owned company struck deals that let it pump and process more extra heavy crude into exportable grades. The surprising reversal began as state-run Petroleos de Venezuela, known as PDVSA, won help from small drilling firms by ro...

Control of Major Accident Hazards (COMAH) reports what is there really to know?

Control of Major Accident Hazards (COMAH) reports what is there really to know?   COMAH regulation was introduced in 1999 (revised in 2015) to ensure that businesses take all necessary measures to prevent accidents involving dangerous substances. Enforced by the HSE (UK), a COMAH report exists to keep people and assets safe and is required for all organisations that use or store specified volumes of hazardous substances. COMAH reports are not always easy to understand especially fo...

EFFECTIVE RISK MANAGEMENT GENERATES BUSINESS VALUE here's how your organisation can benefit

EFFECTIVE RISK MANAGEMENT GENERATES BUSINESS VALUE here's how your organisation can benefit   Organisations of all types face internal and external factors that make it uncertain whether they will achieve their objectives. The effect this uncertainty has on an organisation's development can be referred to as risk. Today's business environment is more competitive than ever, characterised by complexity, rapid change and volatility. For this reason, leading organisations rega...

RenewableUK releases floating offshore wind intelligence report

RenewableUK releases floating offshore wind intelligence report   There is no one solution to the challenge posed by climate change. Indeed, our net-zero ambitions can only be realised through a combination of different innovations, cross-industry collaboration and nationwide dedication. Floating wind is only one part of the jigsaw, but it has been heralded for its potential to become a major contributor to decarbonisation both in the UK and further afield. As the professional associa...

Oil & gas sector braced for UK Government's new review powers for M&A deals

Oil & gas sector braced for UK Government's new review powers for M&A deals   The UK's new National Security & Investment Act will come into force from 4 January 2022. It has significant implications for the oil & gas sector, in which many deals could become subject to a mandatory UK Government approval process before the transaction can complete. This date also marks the commencement of the Government's power to 'call in' for review other deals, in...

Is fossil fuel use a legal or political issue?

Is fossil fuel use a legal or political issue?   Climate change litigation continues to dominate the legal headlines, as increasing numbers of claims seeking to hold governments and companies to account for their climate change commitments are pursued. However, as demonstrated by the recent case of Greenpeace Ltd v The Advocate General, not all courts consider the effects of fossil fuel use to be a legal issue. In this case, Greenpeace appealed to the Scottish Court of Session agai...

AFC welcome new partners onboard

AFC welcome new partners onboard   Aberdeen Football Club offer a range of commercial opportunities with tailored packages created to suit the needs of local, national and international brands. Recently the Club strengthened its relationship with one of the UK’s leading providers of wealth management and employee benefits, Mattioli Woods, with a key sponsorship deal. The innovative collaboration will see a hospitality area in the Main Stand at Pittodrie re-branded the &lsq...

Chevron Dishes Out Extensions For Shelf Drilling Rig Duo

Chevron Dishes Out Extensions For Shelf Drilling Rig Duo   Offshore drilling contractor Shelf Drilling has won long-term contract extensions with Chevron for two jack-up rigs which will continue working in the Gulf of Thailand. Shelf Drilling said that the contracts were awarded by Chevron’s subsidiary, Chevron Thailand Exploration and Production. The two long-term extensions were for the Shelf Drilling Chaophraya and Shelf Drilling Krathong jack-up rigs. “We are ve...

ROVOP’s growth trajectory to continue into 2022 after latest accounts show strong performance in 2021

ROVOP’s growth trajectory to continue into 2022 after latest accounts show strong performance in 2021   ROVOP, a leading remotely operated vehicle specialist (ROV), is predicting a continuing growth trajectory in 2022. This comes after a strong year which, since the previously reported £25m of contract wins, has seen the business secure a further £5m of awards in the last six weeks, predominantly in the renewables sector. This reflects the continuing increase in R...

Petrobras to sell 11 onshore concessions in Brazil to Carmo Energy for $1.1bn

Petrobras to sell 11 onshore concessions in Brazil to Carmo Energy for $1.1bn   Brazilian state-run company Petrobras has signed a deal with Carmo Energy to sell its stakes in 11 producing fields located in Polo Carmópolis area for $1.1bn. Located in different municipalities in the state of Sergipe, the onshore production concessions are jointly called Carmópolis Cluster. The concessions include integrated facilities with an access to oil and natural gas processing...

Edinburgh firm flags impact of crude price rise on North Sea

Edinburgh firm flags impact of crude price rise on North Sea   North Sea oil and gas firms are set to make more money than they have done for years in 2022 helped by the surge in commodity prices and ‘savage’ cost cutting, experts have predicted. However, investment in the area is likely to remain at near 20-year lows amid uncertainty about what the official drive to cut carbon emissions will mean for the sector. Wood Mackenzie said companies are likely to book near-...

The importance of risk management in energy transition

The importance of risk management in energy transition   Energy transition is arguably both the biggest opportunity and challenge faced by the oil and gas sector in recent times. With legislative commitment around reducing carbon emissions, ESG requirements and maturing fields, there is increasing pressure for change. However, businesses across the industry are already taking the opportunity to transfer their expertise from traditional sectors to contribute to the refreshed renewab...

The Do’s & Don’ts of Managing Risk

The Do’s & Don’ts of Managing Risk   People manage risks every day but most of the time are unaware that they are doing it. As in everyday life, risk management in any work-related sector is the process of identifying, analysing and managing risks that could arise and the best approach is to keep it simple. There are 3 main components of risk management • Risk identification – simple review of an activity to highlight risks. • Risk assessment &...

Futura joins forces with WorkLife to bring top-of-the-range employee benefits to more Scottish employers

Futura joins forces with WorkLife to bring top-of-the-range employee benefits to more Scottish employers   Aberdeen-based financial planning firm, Futura, has partnered with WorkLife by OpenMoney, the employee benefits platform, to bring high-quality employee benefits to a broader range of businesses across Scotland. Through this close partnership, Futura will offer its corporate clients access to WorkLife’s online benefits and wellbeing platform, which supports all aspects...

ExxonMobil, Qatar Petroleum begin drilling in Cyprus’ block 10

ExxonMobil, Qatar Petroleum begin drilling in Cyprus’ block 10   ExxonMobil and partner Qatar Petroleum on Tuesday began drilling in Cyprus’ offshore block 10, the country’s Ministry of Energy, Commerce and Industry has announced. According to reports, the consortium will drill an appraisal well in the Glafcos gas find inside block 10 which is estimated to carry a reservoir between 5 and 8 trillion cubic feet. Results are expected in the first quarter of 2022....

Maersk agrees $3.6 bln deal to buy LF Logistics

Maersk agrees $3.6 bln deal to buy LF Logistics   Container shipping giant Maersk on Wednesday agreed to buy Hong Kong-based LF Logistics for $3.6 billion in an all-cash deal, as it seeks to expand beyond its core ocean freight business. The deal is one of the group's largest takeovers to date and follows a series of acquisitions including e-commerce firms, a freight forwarder specialised in air freight and its smaller rival Hamburg Sud. "The acquisition will further st...

Valaris rig finally en route to drill for Carnarvon

Valaris rig finally en route to drill for Carnarvon   Australia’s Carnarvon Energy has informed that the Valaris JU-107 jack-up drilling rig is currently en route to the Buffalo-10 location in the Timor Sea with drilling operations expected to start within a week. The contract with Valaris was formalised last September and Carnarvon has been waiting for the rig to arrive at the well location for months. Drilling operations were initially expected to start in October. However,...

Industry Professionals Put “Feet to the Fire” at Offshore Safety Event

Industry Professionals Put “Feet to the Fire” at Offshore Safety Event Piper Alpha keynote enters fire scene for first time since 1988   Global fire safety innovator, RigDeluge, has joined forces with energy sector training providers, AIS Survivex to deliver a unique event designed to encourage frank discussion and debate around offshore fire safety, followed by a hands-on, real-time fire experience. 33 years after the Piper Alpha tragedy which saw 167 men lose thei...

Chevron signs farm-out deal with Shell for block offshore Suriname

Chevron signs farm-out deal with Shell for block offshore Suriname   Oil majors Chevron and Shell have worked out a farm-out agreement for Block 5, located offshore Suriname. Suriname’s national oil company Staatsolie revealed on Friday that Chevron Exploration Suriname Limited (CESL), a subsidiary of Chevron, transferred to Shell one-third (20 per cent) of its 60 per cent equity interest in the block for which it has a production sharing agreement. To remind, Staatsolie s...

New appointments fuel growth plans for UK oilfield insulation firm

New appointments fuel growth plans for UK oilfield insulation firm   Leading technical insulation and passive fire protection (PFP) specialist, AIS Technical, which is part of the IPCOM Group, is strengthening its team with three key UK appointments to support continued growth. The appointments include technical sales manager, Ian Fishpool, planning and performance manager, Gavin Clark and technical design specialist, Adam Donaldson. Having spent a lifelong career in fire prote...
Wellpro
Hiretech
Craig International
Stena