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New oil and gas partnership makes an encouraging start

New oil and gas partnership makes an encouraging start   The UK Oil and Gas Innovation Centre recently announced £640,000 in funding for the University of Aberdeen’s Centre for Applied Dynamics Research (CADR). GlobalData’s offshore technology writer Scarlett Evans talks to Dr Vahid Vaziri, a research fellow at the University of Aberdeen and CADR member, about the inno...

EMEC award HyFlyer hydrogen refuelling contract to Fuel Cell Systems

EMEC award HyFlyer hydrogen refuelling contract to Fuel Cell Systems   The European Marine Energy Centre (EMEC) have awarded a contract to fuel cell technology solutions provider, Fuel Cell Systems Limited (FCSL) to supply a mobile hydrogen refuelling vehicle for the HyFlyer project. Funded by Innovate UK, the HyFlyer project aims to demonstrate hydrogen fuel cell powertrain technology for zero-emission aviation. The project will integrate a hydrogen fuel cell powertrain on board a...

Denmark plans to build artificial islands for windfarms

Denmark plans to build artificial islands for windfarms   Denmark is pursuing plans to build one or more artificial islands surrounded by offshore wind turbines with a capacity of 10 gigawatts, capable of supplying up to 10 million households, the climate and energy ministry has said. The country, which produced 41% of its energy from wind power in 2018, the highest level in Europe, last week passed an ambitious climate act which commits it to cut greenhouse gas emissions to 70% of...

Is UK offshore energy industry doing enough to meet net- zero emissions by 2050?

Is UK offshore energy industry doing enough to meet net-zero emissions by 2050?   UK offshore industry body Oil and Gas UK (OGUK)’s recent report highlights both the general importance of striving for net-zero emissions and the role that the oil and gas industry has to play in that goal. Given the industry’s historic contributions to emissions and the steady move towards renewables, the report could be seen as a survival move as much as an industry taking responsibility fo...

Petrofac and Maersk Drilling sign well management contract

Petrofac and Maersk Drilling sign well management contract   Petrofac’s Engineering and Production Services division (“EPS”) has signed a well management contract under Maersk Drilling’s master alliance agreement with Seapulse Ltd, a global exploration company. Under its alliance with Seapulse, Maersk Drilling is responsible for providing fully integrated drilling services, including provision of drilling rigs and all related services for a global offshore o...

Aker Solutions wins BP Cypre FEED study

Aker Solutions wins BP Cypre FEED study   Aker Solutions has secured a contract to support the development of BP’s Cypre project, offshore Trinidad and Tobago. The contract will see Aker Solutions deliver front-end engineering and design for the first platform in a potential series of future assets within BP’s Trinidad and Tobago portfolio. The award comes following the successful delivery of early phase studies by Aker Solutions’ team in London. The study will be...

Big E&P spending still needed, but fields with break-even above $60 are priced out

Big E&P spending still needed, but fields with break-even above $60 are priced out   Energy projects that need oil prices above $60 per barrel in order to break even risk being uncommercial going forward, according to Rystad Energy. However, massive investments in exploration and sanctioning are still needed to meet growing global demand. As the world transitions to a less carbon-intensive future, Rystad Energy forecasts that the global inventory of already discovered oil field...

OPITO announces transformative investment in Aberdeen Science Centre

OPITO announces transformative investment in Aberdeen Science Centre   OPITO has invested more than £600,000 in an immersive and educational energy theatre which will be unveiled at Aberdeen Science Centre (ASC) when it reopens in summer 2020, following a multi-million-pound redevelopment. The global not-for-profit skills body for the energy industry has signed a seven-year agreement with ASC which will see the creation and development of ‘The OPITO Theatre of Energy&rs...

Finalists announced for Subsea UK awards

Finalists announced for Subsea UK awards   The finalists have been announced for next year’s Subsea UK awards, which recognise the companies and individuals leading the way in the UK’s £7.5billion subsea sector. The black-tie event will take place on 12 February 2020 at P&J Live in Aberdeen, during Subsea Expo – Europe’s largest subsea focused exhibition and conference. Olympic medallist, presenter and author Kriss Akabusi MBE will be the guest spe...

New North America facilities position READ Cased Hole for growth

New North America facilities position READ Cased Hole for growth   Wold-leading cased hole logging specialist, READ Cased Hole Limited, has reinforced its commitment to the North American oil and gas market by opening new facilities in Houston and Anchorage. This strategic move enhances READ’s capacity to meet increasing demand for high quality well integrity, production logging, reservoir evaluation and data analysis services throughout the region. In Houston, READ now op...

North Sea collaboration drive stalls amid oil and gas supply chain tension

North Sea collaboration drive stalls amid oil and gas supply chain tension   The drive to increase collaboration in the North Sea oil and gas industry appears to have stalled amid concerns firms that operate fields are not sharing the benefits of increased crude prices fully with suppliers. The reading on the index developed to measure the degree of collaboration in the area has fallen for the first time since it was introduced in 2015.  The fall will be greeted with concer...

Chevron to reduce funding to Kitimat LNG project and other gas projects

Chevron to reduce funding to Kitimat LNG project and other gas projects   Chevron said that it will cut funding to its Appalachia shale operations in the US and also the CAD40bn ($30.23bn) Kitimat LNG project and other gas-related international projects. Furthermore, the US oil and gas company is exploring strategic alternatives for the gas assets, including their sale. The company expects to take $10bn-$11bn after-tax impairment charges in its fourth quarter 2019 results owing...

Scottish court asked to jail Greenpeace chiefs over North Sea protest

Scottish court asked to jail Greenpeace chiefs over North Sea protest   A Scottish court has been asked to jail or heavily fine Greenpeace directors who authorised direct action against a North Sea oil rig in protest at global heating. The US oil company Transocean has begun legal action for contempt of court against Greenpeace after activists occupied one of its oil rigs in the Cromarty Firth in northern Scotland and chased it out to sea earlier this year. Greenpeace had in ear...

Diving deep into the Mediterranean frontier

Diving deep into the Mediterranean frontier   Based on currently available geophysical data, the Lebanese government estimates that the offshore oil and gas frontier areas in the East Mediterranean may hold around 25 trillion cubic feet of natural gas reserves, though this has yet to be proven. An initial exploration well is expected to be drilled in block 4 by the end of 2019, or in early 2020. Once an exploration blind spot, the Eastern Mediterranean is now a hot region of intere...

Aker Energy announces transition of leadership and adjusted composition of the Board of Directors

Aker Energy announces transition of leadership and adjusted composition of the Board of Directors   Aker Energy today announced that the Board of Directors has named Svein Jakob Liknes, most recently Aker Energy’s Head of Operations, to acting Chief Executive Officer following the decision by Jan Arve Haugan to resign. In parallel, adjustments are made to the company’s Board of Directors. “Aker Energy continues the effort to optimize and safeguard the Pecan projec...

Aker Solutions Wins BP Cypre Front-End Study

Aker Solutions Wins BP Cypre Front-End Study   Aker Solutions has secured a contract to support the development of BP’s Cypre project, offshore Trinidad and Tobago. The contract will see Aker Solutions deliver front-end engineering and design (FEED) for the first platform in a potential series of future assets within BP’s Trinidad and Tobago (BPTT) portfolio. The award comes following the successful delivery of early phase studies by Aker Solutions’ team in London...

Attollo Offshore Receives Global Kudos

Attollo Offshore Receives Global Kudos   Offshore marine operator, Attollo Offshore, has been announced as an ELITE “Future Shaper” by the London Stock Exchange Group. The recently issued ELITE’s Future Shapers Report identifies just 50 companies from a global community of over 1,300 businesses, which showcase some of the most ambitious, innovative and disruptive work taking place within that network. Current Future Shapers include well-known Scottish successes Sk...

Airswift reinforces oilfield services expertise with senior hire

Airswift reinforces oilfield services expertise with senior hire   Airswift, the global workforce solutions provider for the energy, process and infrastructure sectors, today announces hiring Keith Gee as General Counsel based in Houston to further strengthen its management team. Gee will be responsible for enhancing the team’s global legal compliance and risk management processes against the backdrop of the growing change in labor legislation and compliance both in the US ma...

Equinor strengthens its position in Polish offshore wind market

Equinor strengthens its position in Polish offshore wind market   On 10 December Equinor completed the acquisition of a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. The company now has an interest in all three Bałtyk offshore wind development projects (MFW Bałtyk III, MFW Bałtyk II i MFW Bałtyk I.). The acquisition of Baltyk I strengthens our presence in the Baltic Sea area. With interest in all three - Baltyk I, II and III projects, we...

Neodrill And Intermoor Sign Global Cooperation Agreement Facilitating Local Project Execution

Neodrill And Intermoor Sign Global Cooperation Agreement Facilitating Local Project Execution   Neodrill, the leader in pre-rig technology solutions, has announced a global cooperation agreement with InterMoor - the global provider of mooring, foundations and subsea installation services. Effective immediately, the new partnership is a global non-exclusive agreement that will see InterMoor support Neodrill with project execution, installation services and business development of it...
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