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Oil & Gas

UKCS exploration and appraisal activity now running way ahead of 2007

THE increase in UK E & A (exploration and appraisal) activity continues; 32 well starts so far in 2008, and 18 sidetracks. Of these, 22 are exploratory and 10 appraisal. This represents an increase of 85% over the same period in 2007; 63% increase for exploration and 150% for appraisal. Fifteen rigs are currently active, and May starts include Valiant's 9/22-3 (Globe/Roebuck), IOC's 15/13a-9 (Hood), Oilexco's 16/21b-34 (Delta), Nexen's 19/4-2 (Full Moon), Maersk's 22/25a-9 (Culzean) and RWE's 49/2a-6 (Topaz). BG's Jackdaw 30/2a-7 and ConocoPhillips' Jasmine/North Terrace 30/6-7 appraisals are now more than seven months into their respective programmes, the last named on its third sidetrack.

Oil & Gas

Saipem picks up two new contracts

SAIPEM has picked up two new offshore contracts in Egypt and Angola totalling $600million. The Egypt work is with Burullus Gas, covering the subsea development of the Sequoia field, which straddles both the Rosetta and West Delta Deep Marine Concessions offshore the Nile River Delta about 130km north-east of Alexandria. The contract encompasses the engineering, procurement, installation and commissioning (EPIC) of the subsea development system of the Sequoia fieldand of a new 22in gas-export pipeline.

Oil & Gas

Piper Alpha 20 years on is theme

02/06/2008

SAFETY offshore 20 years after the Piper Alpha disaster in the North Sea in which 167 people died was the keynote theme at the seventh annual dinner of the North of Scotland branch of the Safety and Reliability Society (Sars).

Oil & Gas

Upstream construction costs rocket

02/06/2008

COSTS associated with constructing new oil&gas upstream facilities have reached a new record high, according to the latest IHS/Cambridge Energy Research Associates (CERA) Upstream Capital Costs Index. They are up 6% over the past six months and have doubled since 2005.

Oil & Gas

A question of attitude

Contrary to much that has been written about the differences between generations regarding their attitudes toward work and their engagement in their jobs, these variations are actually relatively small, according to research just completed by Sirota Survey Intelligence

Oil & Gas

Carbon capture a chance lost

This month, the Policy Exchange expects to publish a new report on how the Government can make carbon capture work in the UK by setting in place the incentives industry needs to make this happen. This is vital if New Labour is to live up to its pledges on greenhouse gas emissions.

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