Oil & Gas

Oil & Gas

Chevron looking for clean sweep

Chevron is working on a project designed to boost the recovery rate from the UK North Sea Captain heavy oilfield to 50%. If successful, this could deliver up to 160million additional barrels of oil and boost recoverable reserves past the 450million barrels mark.

Oil & Gas

Seawell places WSU order

03/04/2008

Norwegian company Seawell Management has stated its intent to order a new well service unit (WSU) from German company Streicher at a cost of $50million. If options for a further two units are exercised, this will bring the bill to $150million.

Oil & Gas

R is for renewables – an energy revolution

RENEWABLE energy is a hot topic these days with bold targets set to boost the amount of electricity we generate from devices like wind turbines and biomass-fuelled heating and power-generation systems. The five renewable sources used most often are biomass, hydro-power, wind, solar and geothermal.

Oil & Gas

Growing from a position of strength

02/03/2008

THE scale of growth that Locke has in mind requires in the order of $500million - a sizeable war chest with which to hit the acquisitions trail - and First Reserve is ready to step up to the plate. He doesn't want to see Abbot eclipsed by competitors or fall prey to them.

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