Oil & Gas

Oil & Gas

A Dutchman, a Scot and a Korean

It came out of left field - I mean the £500million conditional deal between Lunar Energy and the Koreans to manufacture and deploy tidal (marine current) turbine technology developed by Aberdeen offshore oilfield company Rotech Engineering.

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

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.