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Offshore exploration and production licence in Angola awarded to Eni

Offshore exploration and production licence in Angola awarded to Eni   ANPG, state concessionaire for oil and gas rights in Angola, has assigned Block 28 to Eni (as operator with 60%), as a result of the international Competitive Bid Round 2019. The licence is located in deep water in the unexplored Namibe Basin. The joint venture (JV) will include Sonangol P&P (20% of share), wh...

Oil Rises on Libyan, Iraqi Supply Disruption

Oil Rises on Libyan, Iraqi Supply Disruption   Oil prices rallied Monday as a rebel group in Libya blocked a significant portion of the North African country’s crude exports, forcing production cuts. Brent crude, the global benchmark for oil, advanced as much at 1.3% to $65.72 a barrel, the highest since mid-December, before giving up some gains and trading up 0.4%. The state-run National Oil Corp. said over the weekend that the Libyan National Army, a militia led by reneg...

IMI signs two offshore drilling rigs contracts with ARO Drilling

IMI signs two offshore drilling rigs contracts with ARO Drilling   International Maritime Industries (IMI) has signed two contracts with ARO Drilling for the construction of two LETOURNEAU Super 116E Class offshore jack-up drilling rigs in Saudi Arabia. A joint venture (JV) of Saudi Aramco and Valaris Companies, ARO Drilling is an offshore drilling contractor that owns, operates, and manages a fleet of high-specification and premium jack-up rigs in Saudi Arabia. IMI said that th...

Oil Plus secures global contracts worth in excess of £4million

Oil Plus secures global contracts worth in excess of £4million   Specialist oil and gas consultancy Oil Plus Ltd has seen its international growth plans boosted after being awarded contracts totally in excess of £4 million as it enters 2020. New business secured in the last quarter by the oilfield chemistry, microbiology and process design company is up 22% compared to the same period in the previous year. The increased workload has resulted in a recruitment drive. T...

STATS Group Complete 12 Pipeline Isolations For Malaysian Operator

STATS Group Complete 12 Pipeline Isolations For Malaysian Operator   Pipeline technology specialist STATS Group (STATS) have completed an extensive pipeline isolation campaign offshore and onshore Malaysia. The six month campaign covered 12 pipeline isolations on behalf of partner Handal Energy Berhad for a major operator in Malaysia, and represented the largest integrated campaign undertaken by STATS in the region. All workscopes featured STATS’ range of Remote Tecno Plug...

Aquaterra Energy hails Aberdeen growth

Aquaterra Energy hails Aberdeen growth   Aquaterra Energy, a leader in global offshore engineering solutions, marks 12 months of significant growth in Aberdeen. The company has grown its headcount by 150%, bolstering the expertise of its office to focus on engineering, design and execution. The expansion has been driven by the local market’s resurgence and will enable Aquaterra Energy to offer an increased level of client service. James Larnder, Managing Director at Aquate...

African partnerships strengthen Deep Casing Tools’ global footprint

African partnerships strengthen Deep Casing Tools’ global footprint   UK-based oil and gas technology development company, Deep Casing Tools (DCT), has announced the appointment of two agents as part of its strategic growth plans in Africa. DCT has appointed Africa Oilwell Technology, an oilfield services company, as its partner in Angola, Cameroon, Democratic Republic of Congo, Gabon, Republic of Congo and South Africa. Meanwhile oil and gas services company, Omasup Energy S...

SPE Aberdeen to host lively energy transition debate

SPE Aberdeen to host lively energy transition debate   The Society of Petroleum Engineers (SPE) Aberdeen Section will host a talk this Wednesday {22 January, 2020} focusing on the oil and gas industry’s future in a net zero world. The presentation will be given by Ian Phillips, Oil & Gas Innovation Centre (OGIC) CEO and former Chairman of SPE Aberdeen, and will feature an opening address from SPE International President Shauna Noonan – one of her only speaking engag...

2020 budget spells more bad news for companies in Kuwait, says GlobalData

2020 budget spells more bad news for companies in Kuwait, says GlobalData   Following news that low oil prices will see Kuwait’s budget deficit widening in 2020; Richard Thompson, Editorial Director at GlobalData, a leading data and analytics company provides his view: “Kuwait is an extremely wealthy, oil-rich country with huge investment requirements. However, for many companies in Kuwait, the market over the past few years has been characterised by its failure to i...

Urgent change in approach now needed for Scotland’s infrastructure

Urgent change in approach now needed for Scotland’s infrastructure   The Infrastructure Commission for Scotland (ICS) has presented Scottish Government with a 30-year infrastructure strategy (Key Findings Report – A blueprint for Scotland) with an emphasis on delivering an inclusive, net zero carbon economy. The first publication of its kind in Scotland, the strategy follows a period of extensive engagement with key stakeholders and organisations from across Scotland an...

Schlumberger posts huge full-year loss

Schlumberger posts huge full-year loss   The world’s largest oilfield services firm posted a double-digit full-year 2019 loss measured in billions of dollars, red ink being to be countered by the sale of underperforming assets, stacking frac fleets, closing locations and laying off personnel. Schlumberger reported a $10.1 billion loss in 2019 compared with a $2.2 billion profit in 2018. It had $32.9 billion in revenue for the year, up slightly from $32.8 billion in 2018. F...

SSE, Equinor begin construction on 3.6GW Dogger Bank offshore wind farm

SSE, Equinor begin construction on 3.6GW Dogger Bank offshore wind farm   SSE Renewables and Norwegian energy company Equinor have started construction of the 3.6GW Dogger Bank offshore wind farm to be located 130km off the North East coast in the North Sea. Dogger Bank, which will include three individual wind farms Creyke Beck A, Creyke Beck B and Teesside A, each with 1.2GW of capacity, was selected by the UK government during last September’s Contracts for Difference (CfD...

Paid £136m to stop turbines

Paid £136m to stop turbines   Wind farms were given more than £3 million per day by the government last week to switch off their turbines and not produce electricity. The money was handed over after a fault was discovered in the Western Link power line, a 530-mile high-voltage cable running from the west coast of Scotland to the north coast of Wales that carries electricity to England. On January 10, strong winds meant that too much energy was being produced on the l...

Tullow Oil not likely to drill any Guyana wells this year

Tullow Oil not likely to drill any Guyana wells this year   UK-based Tullow Oil, reeling from disappointing results from its offshore campaigns in the South American country of Guyana, may not drill anymore wells there this year. The company said exploration write-offs of approximately $1.5 billion dollars include the Jethro, Joe and Carapa wells where a combination of high sulfur (Jethro & Joe) and low volumes discovered (Carapa) have made commercialization unfeasible. Aske...

Equinor secures consent for exploration drilling in North Sea

Equinor secures consent for exploration drilling in North Sea   Equinor is the operator for production licence 878. We have now given the company consent to drill pilot hole 30/2-U-1 using the West Hercules semi-submersible drilling facility. 30/2-U-1 is located north-west of the Huldra field in the North Sea. The geographical coordinates are: 60° 56′ 11.23″ N 02° 37′ 18.83″ E Water depth at the site is 142 metres. Equinor estimate...

North-east surveying firm celebrates first birthday with seven-figure turnover

North-east surveying firm celebrates first birthday with seven-figure turnover   An Aberdeen-based specialist surveying company, Survey 3D international (Survey 3Di), is celebrating a bumper first year in business with a seven-figure turnover, major investment and a significant recruitment drive. Launched 15 months ago by former Scopus directors, Tom Bryce and Alan Bell, Survey 3Di provides innovative dimensional control and laser scanning survey solutions to the oil and gas, petro...

McDermott Is Said to Prepare for Bankruptcy as Soon as Next Week

McDermott Is Said to Prepare for Bankruptcy as Soon as Next Week   McDermott International Inc. is preparing to file for bankruptcy as soon as next week to address its more than $4 billion debt load, according to people with knowledge of the matter. The Houston-based company, which builds oil platforms and gas-export plants for energy producers, is negotiating a restructuring plan that could see its debt converted into equity with existing term-loan lenders getting the majority of...

Chevron's Venezuela sanctions waiver extended to April: US Treasury

Chevron's Venezuela sanctions waiver extended to April: US Treasury   Washington — The US Treasury Department has extended for three months a sanctions waiver to Chevron and four US oil services companies allowing them to continue work in Venezuela. Some within the Trump administration had pushed to allow the waiver to expire in order to ramp up pressure on Venezuela's Maduro regime. The waiver, which was scheduled to expire on January 22, now expires on April 22....

Construction Starts on World’s Largest Offshore Wind Project

Construction Starts on World’s Largest Offshore Wind Project   Preliminary construction on the 3.6GW Dogger Bank Wind Farms project has taken place this week near the coastal village of Ulrome, East Riding of Yorkshire, England. Dogger Bank Wind Farms, a joint venture between SSE Renewables and Equinor, is made up of three offshore wind farm sites in the North Sea, Creyke Beck A , Creyke Beck B, and Teesside A. All three sites were successful in the UK’s September 20...

Siemens Gamesa installs 1.2 GW of turbines in Spain in 2019

Siemens Gamesa installs 1.2 GW of turbines in Spain in 2019   Siemens Gamesa Renewable Energy SA toasted this week to a successful 2019 with a record 1.2 GW of wind turbine installations in Spain. After tallying the results, the company said its 375 turbines erected across Spain accounted for 75% of the total installed wind capacity in the country. “Three out of four turbines installed in Spain in 2019 were Siemens Gamesa turbines, which shows how we are consolidating our...
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