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Scottish Renewables calls for funding to retrain oil and gas workers

Scottish Renewables calls for funding to retrain oil and gas workers   Every gigawatt of renewable power installed in Scotland creates 1,500 jobs and adds £133m of GVA to the economy, according to new research by Scottish Renewables. Releasing a new plan aimed at stimulating an environmentally friendly economic recovery from COVID-19, the industry body urged ministers to establ...

Petrofac reports $6.4bn order backlog; warns of engineering hit

Petrofac reports $6.4bn order backlog; warns of engineering hit   Oilfield services firm Petrofac said its group order backlog was $6.4bn at the end of May as it warned of a significant impact on its engineering division from the coronavirus pandemic. The backlog was down $1bn from the end of December. Petrofac said it expected revenue at its engineering and construction division was expected to fall to around $1.6bn, driven by pandemic-related project delays, but gave no comparati...

UK's Angus eyes first gas from UK onshore Saltfleetby field near year-end

UK's Angus eyes first gas from UK onshore Saltfleetby field near year-end   UK upstream junior Angus Energy -- which is working to resume gas production from the onshore Saltfleetby gas field in eastern England -- said June 23 it hoped it could see first gas toward the end of 2020. Saltfleetby began gas production in 1999 and was the UK's biggest onshore gas field, producing some 67 Bcf (1.9 Bcm) until it was idled in 2017. But Angus -- which agreed in June last year to...

International Women In Engineering Day: an opportunity to celebrate successes

International Women In Engineering Day: an opportunity to celebrate successes   Today is International Women in Engineering Day. Here McMenon’s chief operations officer Shiby Bernard gives her thoughts on the need to encourage more girls and women to consider a career in the exciting world of engineering. This year’s theme for #INWED is Shape The World. I feel a sense of gratitude to International Women In Engineering Day for not only reminding the world about the role...

World Energy Council sees 350,000 energy jobs at risk on Covid-19

World Energy Council sees 350,000 energy jobs at risk on Covid-19   The Covid-19 pandemic is prompting energy companies world-wide to shed jobs and cut costs, and will have a fundamental impact on the pace and direction of global energy transition, the World Energy Council (WEC) said, pointing to the latest findings of its global surveys. “The Covid-19 crisis is triggering the greatest financial capital re-allocation in history. No-one can predict the future,” the counc...

UK supply chain boosted by innogy’s selection of Siemens Gamesa 14MW turbines for Sofia Offshore Wind Farm

UK supply chain boosted by innogy’s selection of Siemens Gamesa 14MW turbines for Sofia Offshore Wind Farm   innogy’s decision to select Siemens Gamesa Renewable Energy for the supply of 100 wind turbines for the Sofia Offshore Wind Farm is a welcome boost for the UK supply chain, according to NOF and Energi Coast, North East of England’s Offshore Wind Cluster. innogy has selected Siemens Gamesa Renewable Energy’s new SG 14-222 DD turbines for the 1.4-gigawa...

Worley awarded London Array Wind Farm contract

Worley awarded London Array Wind Farm contract   Worley, a global provider to the energy chemicals and resources sectors, has been awarded a contract by Siemens Gamesa Renewable Energy (SGRE) to inspect all turbines, cranes and lifts on the London Array offshore wind farm. The contract includes the statutory inspections of 175 3.6MW turbines located approximately 20 kilometres off the Kent coast. This scope of work will be delivered by Worley technicians from the Great Yarmouth off...

Unique Group adds Sonardyne Ranger 2 systems to its US Gulf of Mexico rental pool

Unique Group adds Sonardyne Ranger 2 systems to its US Gulf of Mexico rental pool   Underwater positioning technology from Sonardyne Inc. has been chosen by leading integrated subsea and offshore solutions provider, Unique Group, to enhance the company’s offering for its energy sector customers working in the US Gulf of Mexico. Two Ranger 2 Ultra-Short BaseLine (USBL) positioning systems, complete with HPT 5000 transceivers and survey-room hardware and software, will be added...

Pilot study reveals need to overhaul verification on UK Continental Shelf

Pilot study reveals need to overhaul verification on UK Continental Shelf   DNV GL has proposed a new approach to verification of oil and gas projects and operations on the UK Continental Shelf (UKCS) following a review of current practices. After consultation with several oil and gas operators, DNV GL’s new way of working revealed that the role of the verification body must evolve to better support British oil and gas operations to manage the right risks at the right time and e...

TechnipFMC awarded assignments worth up to NOK 1.8 billion

TechnipFMC awarded assignments worth up to NOK 1.8 billion   On behalf of the license partners, Equinor has awarded two contracts and issued a letter of intent to TechnipFMC for pipelaying and subsea installation for three projects on the Norwegian continental shelf (NCS). The projects in scope are Breidablikk and the Gas Import System for the Snorre Expansion Project, for which contracts have been awarded, and Askeladd Vest, for which a letter of intent has been issued. The Brei...

Andy Samuel: Crucial for UK oil industry to keep pace up on reducing carbon emissions

Andy Samuel: Crucial for UK oil industry to keep pace up on reducing carbon emissions   Andy Samuel As we begin to emerge from the devastation of the pandemic, a green recovery gives us a golden opportunity to help shape the future of significant parts of our economy. A future that we know must lead to net zero greenhouse gas emissions by 2050. So what role does oil and gas have in that future? There’s a misconception that we have a straight-out, binary choice between foss...

Neptune Energy to axe 400 jobs over Covid-19 and lower oil prices

Neptune Energy to axe 400 jobs over Covid-19 and lower oil prices   Oil and gas company Neptune Energy has decided to reshape the size of its global organisation due to the combined impact of the Covid-19 pandemic and the anticipation of lower commodity prices for a longer period of time. A spokesperson for Neptune told Offshore Energy that about 400 roles across nine countries will be affected by this decision. Half of these will be staff positions and the other half contractor...

Allseas' Pioneering Spirit Removes Brent Alpha Platform

Allseas' Pioneering Spirit Removes Brent Alpha Platform   Allseas' giant Pioneering Spirit heavy lift vessel has completed its first decommissioning job of summer 2020, with a single-lift removal of Shell UK’s 17,000-tonne Brent Alpha platform from the North Sea. The Pioneering Spirit will now deliver the 44-year old platform to Able UK’s Teesside decommissioning yard in North East England for dismantling and recycling. "The removal of Alpha is the first...

China targets rise in oil, natural gas output this year

China targets rise in oil, natural gas output this year   China aims to produce 1% more crude oil this year than in 2019 and to boost natural gas output by 4.3%, official targets showed on Monday, as the country seeks to safeguard energy security even after a coronavirus-driven collapse in oil prices. The world’s biggest energy consumer has set a goal of producing 193 million tonnes of crude, or 3.85 million barrels per day, in 2020, and 181 billion cubic metres of gas, accor...

Pryme Group appoints new chief financial officer

Pryme Group appoints new chief financial officer   A leading private-equity backed manufacturer has moved decisively to bolster its leadership team with the appointment of a new chief financial officer (CFO). Pryme Group has named Tyler Buchan as successor to Kerrie Murray following her recent promotion to the role of CEO. The business, which is headquartered in Dundee and has operations across the UK, including one in Ellon, Aberdeenshire, provides integrated manufacturing solu...

RJ McLeod wins £67m wind farm contract

RJ McLeod wins £67m wind farm contract   RJ McLeod is to lead the construction of the South Kyle wind farm following the award of a £67m contract by Vattenfall. The company will deliver roads and access tracks, electrical infrastructure, turbine foundations and other works for the wind farm, which lies within both East Ayrshire and Dumfries & Galloway. The 240MW wind farm, which will be located 5km to the east of Dalmellington, will be Vattenfall’s largest...

Cyberhawk secures five-year multimillion-dollar software contract with Shell

Cyberhawk secures five-year multimillion-dollar software contract with Shell   Cyberhawk, the global leader in drone-based inspection and creator of iHawk, a cloud-based asset visualization software, announced today that it has secured a five-year, multimillion-dollar software contract with Royal Dutch Shell PLC (Shell). iHawk will become Shell’s next generation visualization software platform for all onshore, offshore and subsea assets, as well as all global construction pro...

US shale companies face $300bn in writedowns in Q2

US shale companies face $300bn in writedowns in Q2   US shale companies could be forced to write down at least $300bn of their assets in the second quarter, as operators begin to account for the oil-price collapse on their balance sheets, according to a new study. The huge impairments — about half the net value of the companies’ property, plant and equipment — would increase the sector’s leverage from 40 per cent to 54 per cent, triggering insolvencies and r...

The shale drilling shutdown continues for its 14th week

The shale drilling shutdown continues for its 14th week   Oil exploration shrank for a 14th straight week in U.S. fields amid weak crude prices and skepticism about a recovery in energy demand. Drillers idled 10 oil rigs in onshore U.S. fields this week, bringing the total to 189, according to data released Friday by Baker Hughes Co. Despite this week’s rise in crude prices to a three-month high around $40 a barrel, they still are more than 35% below the January high. In t...

OGV Energy Week 25 oil, gas and energy review

OGV Energy Week 25 oil, gas and energy review   88 Energy Ltd this week declared its takeover bid for XCD Energy unconditional and said the offer won’t be increased. Earlier this week, 88 Energy reported that it had received acceptances representing 37.58% of XCD’s shares and it now confirms it has passed 59.27%. The company also noted that XCD shareholders which accepted the offer before it became unconditional will receive accelerated payment, before June 26, whilst s...
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