Faroe’s oil discovery highlights need for exploration incentives says MP
Faroe Petroleum's announcement that it had discovered oil in the North Sea has been welcomed by Scottish MP - albeit that the discovery was made in the Norwegian sector.
Oil & Gas
#OG2050 survey referred to in Commons as MPs turn up heat
North-east MPs teamed up in the House of Commons to turn up the heat on the UK Government to do more to support the North Sea oil and gas sector. The SNP's Callum McCaig, Aberdeen South, referred to Energy Voice's recent industry survey when addressing the Speaker of the House.
Subsea UK chief laments collapse of Ceona
The collapse of subsea contractor Ceona was greeted with dismay by the chief executive of industry body representing the sector.
Exclusive: Ceona goes into administration with loss of 102 jobs
Subsea contractor Ceona has gone into administration, with the loss of 102 jobs.
Tata Steel awarded multi-million pound Maersk Culzean contract
Tata Steel has been awarded a multi-million pound contract for the giant $4.5billion Maersk Oil Culzean project located in the UK central North Sea.
Hansa completes farm-out for potentially huge gas prospect in Dutch waters
Hansa Hydrocarbons said today it had completed a farm-out with GDF SUEZ E&P Nederland – part of the Engie group – in respect of a 30% stake in its 4Quads licences in the Dutch North Sea.
Nigerian investors get the jitters over energy debt
Nigerian financial and energy companies are finding it increasingly hard to get hold of foreign currency due to central bank restrictions and may struggle to repay their debts.
Video: Statoil hails world-first gas plant as technology of the future
Statoil and partners have put the first subsea gas compression facility in the world on line at Åsgard in the Norwegian Sea.
Atlas weighs up joint ventures amid “prudent” cost-cutting
Africa-focused energy service company Atlas Development said today it had been approached by “a number of parties” about potential joint ventures.
Faroe makes new oil discovery in North Sea
Scottish independent Faroe Petroleum has discovered oil in its North Sea Boomerang exploration well and estimates it could yield as much as 31 million barrels of oil.
Australian regulator delays decision on Shell-BG deal
Shell’s $70billion deal to buy BG Group has been queried by Australia's competition regulator who has delayed approval after fears it could reduce the supply of natural gas to local customers and raise prices.
Shale’s retreat threatens to leave US short of natural gas
The retrenchment in drilling for US oil is threatening to leave a different market short: natural gas.
US shale oil driller Samson files for bankruptcy
US oil and gas driller Samson Resources has filed for bankruptcy in Delaware, undone by a collapse in energy prices and billions in debt that KKR & Co. and other investors piled on to fund a 2011 takeover.
Harkand toasts first contract in Ghana
Subsea services firm Harkand is celebrating its first contract win in Ghana and its Aberdeen-based survey division team will be responsible for managing the work.
Exclusive: Energy Jobs Taskforce leader says “no pretending” about length of North Sea recovery
The leader of the Energy Jobs Taskforce said there was no pretending about the amount of time it would take the industry to recover from its harsh “reality check”.
Exxon starts production in Nigeria ahead of schedule
Exxon Mobil has started oil production ahead of schedule at the Erha North Phase 2 project offshore Nigeria, the company said.
Hundreds attend energy jobs fair in Aberdeen
Around 800 people attend a jobs fair in Aberdeen today as the the Energy Jobs Taskforce met in the city to drive forward work supporting more than 2,500 individuals and 100 employers through the current downturn in the oil and gas industry.
Petrobas achieves record output in August
Brazil's Petrobas has reported that output rose 4.5% in August to an all-time high of 2.88 million barrels of oil and equivalent natural gas a day from a year earlier.
East Libya to punish oil companies working with rival government
Libya’s internationally recognized government plans to boost oil production five-fold and will punish companies working with a rival cabinet striving to control the divided North African nation’s crude deposits. Oil companies operating in Libya or seeking to do so must register with the National Oil Corp. controlled by the elected government based in the country’s eastern region, Deputy Prime Minister Abdussalam Elbadri said Wednesday at a conference in Valletta, Malta. The NOC will refuse to renew the contracts of any companies that don’t support the elected government, NOC Chairman Nagi Elmagrabi said in an interview in Valletta. The country plans to boost crude output to 2 million barrels a day by 2020, he said.
Stork and Emerson deploy new sand erosion system in North Sea
Asset integrity services company Stork has collaborated with Emerson Process Management to use Emerson’s Roxar SandLog wireless sand erosion monitoring system in the UK Continental Shelf for the first time.
Aibel nets FPSO contract with Woodside
Australian company Woodside Energy has awarded Norwegian engineering services firm Aibel a FEED contract for the subsea tie back to the Ngujima-Yin FPSO.
Viking SeaTech wins Woodside contract
Viking SeaTech has won a three year contract with Woodside. The deal will see the Aberdeen headquartered company supply the firm with bespoke pre-laid mooring systems and project management for multiple rig moves. The schedule includes engineering, scope of works, system design, deployment and recovery studies, offshore personnel and equipment.
ROVOP wins £2.5million worth of new contracts
ROVOP has won more than £2.5million worth of new contract wins in the last month across the oil, gas and offshore wind markets. The Aberdeen company said the contracts had been netted from both its office in the city as well as its Houston base. The work scopes for the projects, which extend into the third quarter of next year, include inspection, repair and maintenance (IRM) on several major North Sea operators' platforms.
Petronet appoints new boss
Petronet has announced Shri Prabhat Singh is taking over as the Indian LNG producer's new chief.
Tower Resources signs PSC for Cameroon acreage
Tower Resources has signed a production sharing contract (PSC) on the shallow water Thali offshore Cameroon. The company said the market downturn had provided an opportunity for the company to leverage “lower seismic and drilling costs”. A signing ceremony took place at the offices of the Societe Nationale des Hydrocarbures in the country.