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North Sea oil rigs being sourced for LNG Conversion

North Sea oil rigs being sourced for LNG Conversion   Aberdeen-based offshore rig inspection company ADC Energy has said it has won a contract with an unnamed U.S.-based LNG company to help it identify and select offshore drilling rigs suitable for conversion for LNG operations. According to ADC Energy, the company has begun conducting audits to identify suitable drilling rigs as pa...

Robots to Catalyse Energy Sector’s Push to Net-zero

Robots to Catalyse Energy Sector’s Push to Net-zero   Accelerating the development of robotics and autonomous systems (RAS) will be a significant enabler to reaching net-zero, according to new research. The Offshore Renewable Energy (ORE) Catapult has highlighted that by 2050, the global robotics market in the energy sector will be worth £8.4bn. With its high-growth forecasts, wind energy (onshore and offshore) is expected to open up a new robotics frontier that will...

Cairn completes Egypt deal | AMTE Power hires CFO

Cairn completes Egypt deal | AMTE Power hires CFO   Cairn Energy, together with its consortium partner Cheiron Petroleum Corporation, has completed the $323m acquisition of a portfolio of upstream oil and gas production, development and exploration interests from Shell Egypt NV and Shell Austria in the Western Desert, in Egypt. Capricorn Egypt, a wholly owned subsidiary of Cairn, acquired 50% of the assets, with the remaining 50% acquired by Cheiron subsidiaries. The gas-weighte...

People in Energy: Mark Skinner - Managing Director, Scotsbridge

People in Energy: Mark Skinner - Managing Director, Scotsbridge   Background: Mark Skinner Managing Director of Scotsbridge started the business in late 2017. Having its offices in Singapore & Aberdeen, Scotsbridge assist UK companies develop market entry strategies regards the South East Asia region, focusing on Oil & Gas, renewables and other manufacturing and service sectors. How did you get into the Energy sector and how long have you been working in it? My career wi...

Cookstown’s Decom Engineering is cutting multi-million pound global deals

Cookstown’s Decom Engineering is cutting multi-million pound global deals   Northern Irish engineering company Decom has announced that it has secured a pipeline of multi-million pound global contracts. The announcement comes after the business raised follow-on investment from Co-Fund NI and HBAN, which will fund operations over the course of the next 14 months, including projects in Thailand, Malaysia and Canada. The company, which recently opened a base in Aberdeen, has...

Aker Solutions, AF Gruppen Given Go-Ahead To Create Decom JV

Aker Solutions, AF Gruppen Given Go-Ahead To Create Decom JV   The Norwegian Competition Authority (NCA) has not had any objections regarding the creation of a decommissioning joint venture between AF Gruppen and Aker Solutions. Aker Solutions informed that the transaction was subject to due diligence and final board approvals, expected to be completed during the fourth quarter of 2021. To remind, Aker Solutions and AF Gruppen signed the letter of intent to merge the two compani...

Aberdeen oil and gas services firm gets £3.5 million BGF investment

Aberdeen oil and gas services firm gets £3.5 million BGF investment   Aberdeen-based oil and gas services firm isol8 has received a £3.5m investment from BGF to support its long-term growth plans, including doubling staff numbers during the next 12 months. The funding will also be used to develop its zero-emissions product portfolio and expand services into the wellbore construction sector. The company's wellbore barrier technology supports the UK Government&rsqu...

£1million decarbonisation competition for the electrification of offshore oil and gas installations

£1million decarbonisation competition for the electrification of offshore oil and gas installations   A £1million competition has been launched to help decarbonise offshore oil and gas production. The competition, managed by the Oil and Gas Authority (OGA), is designed to advance the widespread electrification of offshore installations on the UK Continental Shelf (UKCS), which are powered by gas or diesel. Organisers are looking for studies (technical, engineering, a...

Norwell Engineering secures £20m contract for major deepwater development in India

Norwell Engineering secures £20m contract for major deepwater development in India   Aberdeen based global well engineering and drilling project management firm Norwell Engineering has won a lucrative contract worth more than £20m ($30m) with ONGC, India’s national oil company. The firm, which is one of the world’s longest established and most respected well management companies in the world, will provide well engineering, completion design and project manag...

Adnoc raises drilling unit IPO size to $1.1bn amid strong demand

Adnoc raises drilling unit IPO size to $1.1bn amid strong demand   Abu Dhabi National Oil (ADNOC) has increased the size of the ordinary shares offered in the initial public offering (IPO) of its drilling unit ADNOC Drilling to $1.1bn. Following approval from the UAE Securities and Commodities Authority (SCA), the decision to increase the issued share capital of the drilling unit to 11% from the previous target stake of 7.5% comes in wake of oversubscription. The firm said in a...

Ampelmann responds to growing demand in the Middle East with two new L-type systems

Ampelmann responds to growing demand in the Middle East with two new L-type systems   An uptick in projects and an increasing demand for its solutions has prompted Ampelmann, the Dutch offshore access provider, to mobilise two new L-type systems to the Middle East. The company has long been the preferred choice for both national and international oil companies (NOCs and IOCs) in the region, enabling Walk to Work (W2W) operations with the highest standard of safety and efficiency in...

Chariot awards Halliburton well services contract

Chariot awards Halliburton well services contract   Chariot has signed a binding letter of intent with Halliburton for services on Chariot’s planned Anchois gas appraisal well within the Lixus licence, offshore Morocco. The services Halliburton will assist Chariot with include but are not limited to: project management services; directional drilling and logging whilst drilling services; drilling fluids materials and engineering services; cementing, pumping, materials and engi...

Harbour Energy posts first-half profit, mulls Falkland Islands project exit

Harbour Energy posts first-half profit, mulls Falkland Islands project exit   Harbour Energy was mulling options to exit the Falkland Islands project, the company said on Thursday after posting a first-half pretax profit as production from varied assets and the absence of impairment charges offset weaker oil prices. Struggling with heavy debt after the oil price crash of 2017 and tepid profits during COVID-19 lockdowns, Premier Oil struck a deal with Chrysaor last year to bolster i...

BP traders lost $100 million in West Africa deals 'debacle'

BP traders lost $100 million in West Africa deals 'debacle'   BP traders lost $100 million in a “debacle” of a deal with a West African commodities firm, according to details from a London employment lawsuit that offers a rare glimpse into the business on the oil giant’s trading floor. BP bought crude oil and sold gasoline in a series of deals with Taleveras Energy that left the U.K. company exposed when Taleveras entered into insolvency procedures in 2015...

Subsea UK calls for subsea success stories ahead of Global Underwater Hub launch

Subsea UK calls for subsea success stories ahead of Global Underwater Hub launch   From surveys under the ice in the Antarctic to monitoring sharks in the Bahamas, underwater companies have been sharing their success stories as part of a campaign to raise awareness of the breadth and depth of the industry by demonstrating its achievements in diverse market sectors. Launched by Subsea UK, the Subsea Success Stories campaign aims to celebrate the people, companies and ground-breaking...

Aquaterra Energy, Lhyfe and Borr Drilling form partnership for offshore green hydrogen jack-up rig production concept

Aquaterra Energy, Lhyfe and Borr Drilling form partnership for offshore green hydrogen jack-up rig production concept   The offshore engineering company Aquaterra Energy has signed a partnership with renewable hydrogen producer and supplier Lhyfe and offshore drilling contractor Borr Drilling to develop an innovative concept for offshore green hydrogen production in the North Sea. The organisations behind Project Haldane will develop an industrial scale offshore green hydrogen prod...

Fishbones’ Technology Found To Significantly Reduce Carbon Emissions Compared To Conventional Practices

Fishbones’ Technology Found To Significantly Reduce Carbon Emissions Compared To Conventional Practices   Fishbones, a well stimulation technology leader in the oil and gas industry, has published findings evaluating the relative carbon emissions footprint between its stimulation options and alternative conventional completion techniques. The independent study, undertaken by THREE60 Energy, found that CO2 emissions for Fishbones’ activity was a fraction of alternative p...

Equinor spuds well at Norwegian prospect

Equinor spuds well at Norwegian prospect   Norway's Equinor has started drilling a well at the Egyptian Vulture prospect in the Norwegian Sea, its UK project partner Longboat Energy said on September 21. Equinor is using the West Hercules semi-submersible rig to sink the well, which is targeting up to 208mn barrels of oil equivalent in gross resources. The chance of success is estimated at 25%, with the key risks related to reservoir quality and thickness, Longboat said. Thi...

Innovo appoints proposals lead in the UK to support strategic growth

Innovo appoints proposals lead in the UK to support strategic growth   Innovo Engineering and Construction is pleased to announce the appointment of Craig Douglas to the role of Proposals Lead. Based in Aberdeen, UK, Craig is responsible for supporting the company's growth plans for the UK and international markets which includes managing tenders and supporting the business development team as well as developing relationships with Innovo’s clients. Craig’s career...

Reliable subsea controls: key to supporting performance and profits

Reliable subsea controls: key to supporting performance and profits   Katie Milne reveals how industry research shows the subsea sector demanding better technology to optimise production and maximise its brownfield assets. As the business world continues to wrestle with a pandemic that has brought about a radically altered way of life for everyone around the planet for 18 months, the oil and gas sector has displayed its typical resilience. After oil prices plummeted in the sprin...
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