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Aberdeen training and competency consultancy receives global stamp of quality

Aberdeen training and competency consultancy receives global stamp of quality   Ann McRobb Associates has been awarded a key quality accreditation for its management system following an in-depth global audit programme. The Dyce-based consultancy, which delivers a range of courses onshore and offshore, has received the internationally recognised ISO9001:2015 Quality Management System...

Rigs report: oil and gas discoveries at lowest levels in 75 years

Rigs report: oil and gas discoveries at lowest levels in 75 years   According to the Norwegian energy analysts, total global discovered volumes as of end of November were 4.7Bn barrels of oil equivalent (boe) – 72% less than the 12.5Bn boe registered in 2020. If no major finds are announced in December, this would be the worst year for new discoveries since 1946. Liquids continue to dominate the hydrocarbon mix, making up 66% of total finds. Seven new discoveries were announc...

Neptune Energy awards contract extension to Petrofac for UK services

Neptune Energy awards contract extension to Petrofac for UK services   Neptune Energy today announced the award of a two-year contract extension to Petrofac for engineering services for the Neptune-operated Cygnus Alpha and Bravo platforms in the UK Southern North Sea. Petrofac will provide a range of brownfield engineering, procurement, construction and commissioning services for the Cygnus field. It follows the award of a separate, three-year contract extension to the company ear...

"Risk Management & Wellbeing" OGV Community Online Event -Dec 2021

Risk Management & Wellbeing   OGV Energy welcomes you to our OGV Community event for December, where we will be examining how organisations in the energy sector are managing risk and looking after the welfare of their environment and employees.  

Climate tests to decide future North Sea oil and gas projects

Climate tests to decide future North Sea oil and gas projects   New licences for oil and gas projects in the North Sea will only be issued if a series of climate-friendly tests are met under a regime being proposed by ministers. The Government has launched a consultation on a “checkpoint”  used to decide whether future licensing rounds go ahead, as part of a transition deal announced earlier this year. It would consider factors such as the UK’s commitment...

Petrobras restarts production from Brazilian gas field following pipeline repairs

Petrobras restarts production from Brazilian gas field following pipeline repairs   After the repairs were carried out on the export pipeline’s subsea valve, the Brazilian oil and gas giant Petrobras has resumed gas production from the Manati field, located offshore Brazil. Petrobras, as the operator of the Manati field – located in the Camamu Basin, in the state of Bahia – reported last week that the production of gas from this field was stopped on Friday, 10 Dec...

Oil May Hit $380 Per Barrel

Oil May Hit $380 Per Barrel   World oil prices could hit $380 per barrel in 2050. That’s according to one scenario published in Lukoil’s recent Global Energy Perspectives to 2050 report, which considered three scenarios for the global energy sector – Evolution, Equilibrium and Transformation. The report outlined that, taking into account a carbon price, oil prices will vary greatly depending the scenario. High carbon prices and inflation were projected to lead...

Wood secures $160m of UK North Sea contract wins in Q4 2021, strengthening position as leading partner for asset operations

Wood secures $160m of UK North Sea contract wins in Q4 2021, strengthening position as leading partner for asset operations   Wood has further strengthened its position as the leading partner for operations solutions in the UK North Sea following a series of contract awards with key clients in the fourth quarter of 2021, including Shell UK and Dana Petroleum. The series of awards, collectively valued at around $160m, will see Wood leverage its rich heritage and expertise in North S...

Oil & Gas firms to spend $15.6 bn on digital technologies: ABI Research

Oil & Gas firms to spend $15.6 bn on digital technologies: ABI Research   Oil & Gas firms will spend $15.6 billion on digital technologies in 2030, according to global technology intelligence firm ABI Research. Investments in digitalization can help to analyze a pipeline’s condition, prepare for fluctuations in the changing prices for oil and gas, as well as aid action plans to create more sustainable operations and transfer to producing renewable energy sources. &...

Oil companies’ profits soared to $174bn this year as US gas prices rose

Oil companies’ profits soared to $174bn this year as US gas prices rose   The largest oil and gas companies made a combined $174bn in profits in the first nine months of the year as gasoline prices climbed in the US, according to a new report. The bumper profit totals, provided exclusively to the Guardian, show that in the third quarter of 2021 alone, 24 top oil and gas companies made more than $74bn in net income. From January to September, the net income of the group, which...

Maersk Drilling and Aker BP agree to renew frame agreement with five-year commitment for two jack-up rigs

Maersk Drilling and Aker BP agree to renew frame agreement with five-year commitment for two jack-up rigs   Today, The Drilling Company of 1972 A/S (“Maersk Drilling”) and Aker BP ASA (“Aker BP”) have entered into a Heads of Agreement to renew and extend the frame agreement that establishes Maersk Drilling as the jack-up rig drilling partner. The agreement entered into today confirms Aker BP’s and Maersk Drilling’s commitment to renew the frame agre...

Continuing the Wisting operatorship

Continuing the Wisting operatorship   On the initiative from Lundin Energy, Equinor and Lundin Energy have entered into an agreement where Equinor continues as operator in the operations phase for the Barents Sea Wisting field. Equinor has been the operator of the Wisting field development phase since 1 December 2019. Based on the agreement with LundinEnergy, Equinor will continue its Wisting operatorship into the operations phase following an investment decision for the project....

Subsea 7 awarded contract offshore Norway

Subsea 7 awarded contract offshore Norway   Subsea 7 today announced the award of a sizeable1contract by Aker BP for the Hanz field development located in the North Sea. The project involves a subsea tie-back of approximately 15 kilometres to the Ivar Aasen platform. The contract scope includes engineering, procurement, construction and installation (EPCI) of the gas lift and production pipelines, and associated subsea infrastructure, using vessels from Subsea 7’s fleet....

Double celebration for Online Electronics with recent EIC Awards win and 25 years celebrations

Double celebration for Online Electronics with recent EIC Awards win and 25 years celebrations.   Online Electronics, the Aberdeen-based pig monitoring and pipeline communication and datalogging solution providers, have been given cause to celebrate recently after being announced as winners in the Optimisation category at the Virtual EIC Awards 2021 in the same month that they are celebrating 25 years since the incorporation of the company. The EIC created the Optimisation category...

Rotech Subsea successfully executes Netherlands offshore wind farm cable IRM operations

Rotech Subsea successfully executes Netherlands offshore wind farm cable IRM operations   Subsea excavation and trenching pioneer, Rotech Subsea, has completed a programme of cable IRM works at a key offshore wind farm in the Netherlands. Commissioned by a European subsea service provider, Rotech’s RS2 CFE (controlled flow excavation) tool from its industry-leading RS range of trenching and excavation equipment was mobilised from Aberdeen in Q3, 2021. The cable repair operations...

Cenovus Energy to sell Tucker oil sands project for $625m

Cenovus Energy to sell Tucker oil sands project for $625m   Cenovus Energy has agreed to divest its 100% owned Tucker oil sands project in Canada to an undisclosed buyer for C$800m ($625m) in cash. The Canadian energy company said that the sale of the thermal asset will further expedite the reduction of its debt and improve its capacity to boost returns to shareholders. The Tucker oil sands project is expected to have an average production ranging between 18,000 barrels per day...

Oceaneering and bp conduct first ROV remote piloting operation offshore West of Shetland

Oceaneering and bp conduct first ROV remote piloting operation offshore West of Shetland Oceaneering International, Inc. has successfully conducted the first onshore remote piloting of a remotely operated vehicle (ROV) in the U.K. sector for bp. The operations were conducted from Oceaneering’s Onshore Remote Operations Center (OROC) in Stavanger, Norway. This project was the first implementation of ROV remote piloting in the U.K., the first cross-border implementation, and the firs...

Neil Kermode awarded Lennard-Senior Prize

Neil Kermode awarded Lennard-Senior Prize   Neil Kermode, Managing Director at the European Marine Energy Centre (EMEC) has won the Lennard-Senior Memorial Prize for the second time. The Lennard-Senior Memorial Prize has been awarded annually since 2011 in memory of two of the original members of The Society for Underwater Technology (SUT)’s Marine Renewable Energies Committee (MREC) – Don Lennard and Gordon Senior. The Prize is nominated and voted for by the members...

Aberdeen tech firm Fennex scoops two major industry awards

Aberdeen tech firm Fennex scoops two major industry awards   Aberdeen technology firm Fennex Ltd has secured the coveted winner’s trophies in two major energy sector awards. Fennex has scooped the Business Innovation Award in the OGUK Awards 2021 and the HSE Innovation Award in the OWI Global Awards 2021. The Fennex team secured its place among the winners thanks to the design and implementation of its breakthrough digital solution which is enhancing the offshore industry...

North Star embarks on green transformation of UK fleet with Houlder sustainability study

North Star embarks on green transformation of UK fleet with Houlder sustainability study   North Star, the UK’s largest ship operator servicing the oil and gas industry, has kick started its ambitious fleet decarbonisation plans with an in-depth sustainability study across its 44 offshore infrastructure support vessels. The results will deliver a roadmap to help the business futureproof its tonnage, enhance operational performance, and meet its net zero 2040 target. The firm...
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