Phil Allan

Oil & Gas

Plexus signs new China deal

Plexus Holdings has agreed a deal to catapult its technology into the Chinese marketplace. The company, which produces its proprietary POS-GRIP® friction-grip method of wellhead engineering, has reached a collaboration agreement with China Oilfield Services Limited to explore opportunities in shallow water subsea and crossover wellhead production systems for oil and gas field activities.

Promoted

Aberdeen first for Wings Energy Academy graduates

For oil and gas companies, ensuring staff are able to travel to vital projects is a necessary but expensive operation that every business wishes could be made simpler and cost less. Staff at Wings Travel Management’s Aberdeen office have undertaken an extensive course to help their clients become more efficient in deploying personnel around the globe. The five-strong team of travel specialists is among the first “energy champions” to graduate from the Wings Energy Academy, a unique 12-month educational programme, launched last year by the global oil and gas travel company. Split into four phases, the year-long programme focussed on four different roles in the industry – roughneck, derrick-hand, driller and rig manager. In addition to providing an overall view of industry, the course covered topics such as types of drilling platforms, rotational schedules and what life is like for a rig worker. The final stage required students to study one of their oil and gas clients in detail and identify ways in which Wings could enhance its travel management services to support the client’s business more efficiently.

Opinion

Opinion: Lancashire shale battle won, war not over

Lancashire County Council has rejected two planning applications over the course of the last week for hydraulic fracturing (‘fracking’), on traffic, noise and visual impact grounds. One site was recommended for refusal on traffic grounds, but the other was recommended for approval and was turned down against Council Officers’ advice. This decision has generated the most interest of the two.

Opinion

Opinion: ITF – EOR, the industry’s second wind

The majority of daily oil production in today’s market comes from mature or maturing oil fields. New discoveries of reserves are not matching the pace set by the growing global demand for energy. This emphasises the requirement for new technologies that can enhance recovery from both active fields and future discoveries.

Renewables/Energy Transition

Drought sees APR Energy agree 300MW Uruguay project

US power producer APR Energy has reached agreement with the Uruguayan state power company (UTE) for the continuation of its 300 megawatt power generation project until the end of 2015. APR Energy has been serving UTE since 2012, using its mobile gas turbine solution to provide bridging power, as the region deals with diminished hydroelectric power output resulting from a prolonged drought.

Oil & Gas

Tullow on firm footing after robust cost saving exercise

Tullow Oil is set for a strong second half of the year after taking steps to cut costs and re-set the business. Tullow reduced costs in its European operations – disposing of its stake in Dutch operated and non-operated interests whilst actively managing its equity position and exposure to drilling costs in Norway across a number of licences. Tullow no longer holds any operated licences in the UK or Netherlands.

Oil & Gas

Statoil revises Gullfaks development plan

Statoil has revealed it will utilise existing infrastructure to reduce the cost of recovery and improve profitability for its Gullfaks field. The company has submitted an amendment to its development and operations plan with the Norwegian Ministry of Petroleum and Energy. Statoil said phase one of the Shetland/Lista development is expected to add 18 million barrels of oil equivalent and increase the resilience of the area for continued operation of the Gullfaks platforms.

Australasia

Roxi makes exploration gains in Central Asia

Kazakhstan focused oil and gas firm Roxi Petroleum has made a second find associated with its flagship BNG asset. Core samples and logging in the second well have revealed a potentially oil bearing interval starting from 4,536 meters and extending 100 meters. It’s located approximately eight kilometres from the first deep well and is being drilled by Sinopec, the Chinese multinational, at a fixed cost of $11 million.