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Celebrating two years of global growth and success for Bureau Veritas Solutions Marine & Offshore

Celebrating two years of global growth and success for Bureau Veritas Solutions Marine & Offshore   Next month Bureau Veritas, a world leader in testing, inspection and certification services, will mark the second anniversary of the successful launch of its family of experts - Bureau Veritas Solutions Marine & Offshore (BV Solutions M&O) with performance figures exceeding ta...

ICR continues its ambitious international growth strategy

ICR continues its ambitious international growth strategy   ICR Integrity Ltd (ICR) is a leading provider of integrated maintenance, repair and production solutions for industrial related services to the offshore oil and gas, power, chemical, nuclear and defence industries worldwide. ICR is headquartered in Aberdeen, Scotland, and has regional hubs in England, Norway, USA and the UAE with a JV relationship in Australia. The business has grown organically overseas from these bases, how...

Innovation & Diversification

Innovation & Diversification   Increased environmental awareness from investors and the general public coincided with one of the worst shocks to the oil and gas industry in recent memory. The oil and gas sector had just started to recover from the 2014-2016 downturn when the coronavirus-inflicted shock to oil and gas demand and prices had the companies strategise how to thrive in the energy transition in a world where oil demand may never recover to pre-pandemic levels and oil...

Share your Innovation - Present your Plan - Brief your Team

Share your Innovation - Present your Plan - Brief your Team   Sometimes innovation lies in assembling some readily available and inexpensive components and applying them in a smart way to overcome a particular challenge. At Marketec we feel that the challenge is meeting and communicating effectively with your clients, your team or your stakeholders. Face-to-face meetings are largely unavailable and on-line conference calls or webinars are the currently the preferred alternative. Bu...

CHECK IN AND OUT SAFELY

CHECK IN AND OUT SAFELY   TAAP visitor book is a contactless, hygienic way for Guests, Contractors, Suppliers, and Employees to seamlessly check in and check out of premises. Taap's new app is available for the energy sector, and being fully GDPR compliant, TAAP Visitor Book provides an extremely cost-effective solution to meet the new way of working. No hardware required, just the ability to scan a QR code via any IOS or Android Smartphone. Visitor Types is a feature of the...

ExxonMobil announces discovery offshore Guyana

ExxonMobil announces discovery offshore Guyana   ExxonMobil has made its 18th discovery offshore Guyana at the Redtail-1 well, adding to the previously announced estimated recoverable resource of more than 8 billion oil-equivalent barrels on the Stabroek Block. “Our Stabroek Block exploration program continues to identify high-quality reservoirs in close proximity to previous discoveries, establishing efficient opportunities for new projects in Guyana,” said Mike Cousin...

OGV Energy week 37 review

OGV Energy week 37 review   Hurricane Energy PLC halved in value during Friday’s early deals after it reported a US$307.7mln loss for the first half of 2020, including a US$238.9mln impairment against the Lancaster oil field. Production from the Lancaster early production system (EPS) averaged 14,600 barrels of oil per day (bopd) leading to US$81.9mln of revenue and operating cash flow of US$21.9mln. It comes after Hurricane last month warned it will be forced to take a ma...

CNOOC Begins Production at Nanbao 32-2 Oil Field in China’s Bohai Bay

CNOOC Begins Production at Nanbao 32-2 Oil Field in China’s Bohai Bay   China’s CNOOC Ltd. has started production at the Nanbao 35-2 oil field S1 area in northern China’s central Bohai Bay, the company said Sept. 11. Peak production of about 1,800 barrels of crude oil per day is expected in 2021. The major production facility includes one unmanned wellhead platform with plans for a total of three development wells. CNOOC Ltd. holds 100% interest in the proje...

Shell Buys Kosmos Exploration Assets

Shell Buys Kosmos Exploration Assets   Kosmos Energy has announced that it has entered into a deal with B.V. Dordtsche Petroleum Maatschappij, a wholly-owned subsidiary of Royal Dutch Shell plc, to farm down interests in a portfolio of exploration assets for up to $200 million. Under the terms of the agreement, which includes an upfront cash payment of $100 million and contingent payments of up to $100 million, Shell will buy Kosmos’ participating interest in blocks offshore...

Baron Oil hopes to drill El Barco-3X well in 2021

Baron Oil hopes to drill El Barco-3X well in 2021   Baron Oil Plc told investors that the planned drilling of the El Barco-3X, in Peru, should progress forward once COVID-19 movement restrictions are lifted. Drilling could be underway between May and August 2021, if  COVID restrictions are lifted by the end of this calendar year. "There are encouraging signs that industry activity is beginning to move again, although oil and gas prices remain depressed,” said Mal...

Aker Solutions wins North Sea extension with ConocoPhillips

Aker Solutions wins North Sea extension with ConocoPhillips   Norwegian oilfield services provider Aker Solutions has secured a three-year contract extension to an existing framework agreement for maintenance and modifications work at ConocoPhillips’ North Sea fields. Aker Solutions said on Friday it will continue as ConocoPhillips’ main supplier of maintenance and modifications work offshore Norway. The agreement runs from January 2021 until the end of 2023. The...

North Sea firm eyes bumper deals amid downturn

North Sea firm eyes bumper deals amid downturn   North Sea-focused Serica Energy has said it is still on the hunt for acquisitions and could pay around £150 million for the right target in spite of the challenges posed by the Covid 19 coronavirus crisis. This has resulted in a plunge in oil and gas prices and prompted a range of firms to slash investment in the North Sea. However, Serica is still making money in the area. Directors reckon the firm is in a good position to...

Engaging with your team: a key route to success

Engaging with your team: a key route to success Jonathan Smith, business coach and facilitator at The Alternative Board   As a new normal emerges in the business world, having engaged employees matters now more than ever. If the term ‘we’re all in this together’ summarises our national response to the pandemic, it also certainly applies to how companies need to respond in the coming months. Yet what is engagement, and why does it matter?  And what can a...

Zeroavia Takes on a Toyota Mirai to help with Ground Operations for its Zero Emission Aviation Drive

Zeroavia Takes on a Toyota Mirai to help with Ground Operations for its Zero Emission Aviation Drive   Zeroavia, a company working on decarbonisation of the entire aviation industry, has taken delivery of a Toyota Mirai fuel cell car at its Cranfield base, where it will form an important part of the company’s ground-breaking Hydrogen Airport Refuelling System (HARE). HARE is the world’s first on-airport zero emission hydrogen production, storage and refueling system. Ze...

Namibia, Liberia and Ghana will discuss hydrocarbon potentials at Africa E&P Virtual Summit

Namibia, Liberia and Ghana will discuss hydrocarbon potentials at Africa E&P Virtual Summit   Ghana, Namibia, and Liberia will share their oil and gas developments in a series of dedicated roundtable discussions to showcase hydrocarbon potential and investment opportunities during Africa’s upstream oil and gas community from 16-17 September 2020. In spite of the COVID-19 challenges, the oil and gas industry seems to be on an overall upturn. The exploration interest across...

Engie and ArianeGroup announce collaboration to develop renewable liquid hydrogen

Engie and ArianeGroup announce collaboration to develop renewable liquid hydrogen   Engie and ArianeGroup have just announced the signing of a cooperation agreement in the field of renewable liquid hydrogen to speed up the decarbonisation of heavy-duty and long-distance transportation. Renewable liquid hydrogen is being developed by a number of companies as a zero-emissions alternative to fossil fuels and an answer to the specific storage and endurance requirements of sectors such...

Why decommissioning a platform in Northwest Europe costs so much more than in Southeast Asia

Why decommissioning a platform in Northwest Europe costs so much more than in Southeast Asia   Platforms may be similar in characteristics and configuration, but the cost of decommissioning them can differ significantly depending on location, climate and regulations. The recent oil price slump has boosted interest in decommissioning, and Rystad Energy has therefore developed a decommissioning cost estimating tool to help E&Ps and service firms prepare for the coming decommissionin...

‘Krone’ sinks along with oil business

‘Krone’ sinks along with oil business   Norway’s currency has weakened once again this week, in line with the North Sea oil price that still fuels the country’s economy. What’s more economically worrisome is the gloomy outlook for the entire offshore industry, as oil and gas producers cut back on staffing and face legal challenges for failing to take climate issues seriously enough. The price of a barrel of Norway’s North Sea crude oil fell under...

First steps towards new diversification strategy

First steps towards new diversification strategy Namaka Compliance assists with Local Content in Trinidad and Tobago as part of a Diversification Strategy   This forms the organisations diversification strategy to look outside the UK rather than being solely reliant on just the UKCS as a revenue stream. Whilst many look to try and increase opportunities in many of the existing markets, Namaka Compliance has targeted Trinidad and Tobago (TT). Namaka Compliance a Division of Namak...

EnerMech Target High Value Energy, Renewables and Infra Contracts With Senior Management Team Appointment

EnerMech Target High Value Energy, Renewables and Infra Contracts  With Senior Management Team Appointment   Integrated solutions specialist, EnerMech, has appointed James Compston as Strategic Sales Director in a drive to ramp up activities in the international energy and infrastructure sectors. Mr Compston will be responsible for driving the strategy, pursuit and delivery of multi-million pound contracts with a focus on the global defence, renewables, integrity management an...
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