Oil & Gas

Oil & Gas

Video: Real-life training rig to help prepare offshore workers

14/05/2015

Offshore workers are being given the chance to prepare for real-life emergencies at facilities in Aberdeen. Falck Safety Services invited Energy Voice along to see how staff are being trained to prepare with incidents that could happen offshore. The three-storey facility includes a helideck, a bridge and an engine room and can be modified into hundreds of different set-ups to suit training.

Oil & Gas

BP Trinidad and Tobago welcomes arrival of Ocean Victory rig

14/05/2015

BP Trinidad and Tobago plans to commence drilling operations after the arrival of the Ocean Victory rig to the offshore Juniper contract. The rig, which is owned and operated by Diamond Offshore Drilling, will take personnel equipment and supplies to the offshore location. Ocean Victory is able to drill to a total depth of 25,000ft and in water depths of up to 6,000ft.

Oil & Gas

IHS study says fracking has potential to unlock 140billion barrels of oil

14/05/2015

A study says fracking has the potential to unlock 140billion barrels of global oil supplies. The amount would be equivalent to Russia's known reserves, according to analysis by IHS. According to the report, countries such as Iran, Mexico, China and Russia are likely to benefit most from exploiting techniques in the US shale revolution.

Americas

LLOG plans to drill in water near to Macondo disaster

14/05/2015

LLOG Exploration plans to drill a well into a block near where oil major BP's Macondo well ruptured five years ago. The privately-held oil and gas company - which has backers including Blackstone Energy Partners - received approval to drill a well in Blocks 252 and 253 in the Mississippi Canyon area of the Gulf in April.

Americas

Shell could consider smaller buys in North America

14/05/2015

Oil major Shell said it would consider smaller additions to its business in North America. The company - which ruled out large acquisitions after its deal to buy BG Group - said while its cash reserves are more limited, it would consider smaller acquisitions. According to reports, Marvin Odum, director of Shell's Americas exploration and production business, said the company would look at other option including the Permian Basin in Texas and New Mexico, the Utica in Appalachia and Western Canada.

Africa

Nigerian economic growth slows on oil industry’s contraction

14/05/2015

Economic growth in Nigeria, Africa’s biggest crude producer, slowed in the first quarter as the oil industry contracted amid a slump in prices, according to the country’s statistics bureau. Expansion in gross domestic product eased on an annual basis to 4 percent compared with 5.9 percent a quarter earlier, the National Bureau of Statistics said in a statement.

Americas

Pemex E&P head Hernandez temporarily reassigned after accidents

14/05/2015

Petroleos Mexicanos’ exploration and production director will be temporarily reassigned a week after a fatal oil platform collapse in the Gulf of Mexico. Gustavo Hernandez, who was appointed E&P director last year, requested the 40-day reassignment and will move to a role focused on assisting Pemex to form partnerships with private companies that are seeking to enter Mexico’s recently opened oil industry, the official said. His former role will be temporarily overseen by his former chief of staff, Javier Hinojosa, as Pemex begins structural changes that were announced last year.

Oil & Gas

Job cuts are never nice but sometimes unavoidable, Wood Group boss says

14/05/2015

Thousands of job cuts in the global oil and gas industry are an unfortunate but necessary step in making sure firms can survive the current downturn, Wood Group chief executive Bob Keiller said yesterday. Speaking after Aberdeen-based energy service giant Wood Group’s latest annual meeting, Mr Keiller said he knew only too well about the devastation that can be caused by the loss of someone’s employment. He added: “Of course it has a huge impact on people and their families.

Oil & Gas

Galilee Energy tests Texas well

13/05/2015

Galilee Energy has started production testing of the Hoffer B1 well in Lavaca County, Texas. The examinations show that an interval of 200 ft has been identified for potential perforation and testing and another 10 may also undergo review to find the well's full potential.

Americas

Protesters rally as Shell gears up for Arctic bid

13/05/2015

A protester perched herself on a 15-foot tripod in a bid to block the entrance of a Shell fuel transfer station earlier this week in protest to the oil major’s planned Arctic drilling. The protest was staged on Seattle’s Harbor Island after the US Department of the Interior gave conditional approval to Shell for it to explore for oil in the Chukchi Sea off Alaska. The company has not drilled in the region since a mishap in 2012.

Oil & Gas

Fracking bids decision next month

13/05/2015

Decisions will be made on two controversial fracking applications in Lancashire in late June, the county council has said. Lancashire County Council’s development control committee had originally been due to make decisions in January on applications by shale company Cuadrilla to drill, frack and test gas flows at two sites on the Fylde Coast between Preston and Blackpool.

Oil & Gas

Lukoil begins production tests in Uzbekistan

13/05/2015

Lukoil has begun production tests of two gas treatment plants at the Kandym early gas project in Uzbekistan's Bukhara region. The work is being implemented together with National Holding Company Uzbekneftegaz.

Oil & Gas

Marine firm acts to capture assets

13/05/2015

Marine service company James Fisher and Sons has bought more assets from companies left stricken by the collapse of Norwegian group Reef Subsea. Reef went into liquidation in February after its backers withdrew their support due to the drop in oil prices, plunging Aberdeen-based subsidiaries Specialist Subsea Services (SSS) and X-Subsea into administration. Last month James Fisher pounced to buy SSS assets, and yesterday said it had shelled out £14.8million on equipment and patents owned by X-Subsea Holdings. X-Subsea, which itself had two subsidiaries in Aberdeen, was put into administration late last month at a cost of 20 Granite City jobs.

Oil & Gas

Wood Group’s joint venture with Massy Holdings wins $250million BP contract

13/05/2015

Massy Wood Group has been awarded a five-year contract worth up to $250million by oil major BP to provide services to its operation in Trinidad and Tobago. The company is jointly owned by Wood Group PSN (WGPSN) and the energy division of Massy Holdings Limited. It will deliver engineering, procurement and construction services to BP's 13 upstream offshore facilities located within the Greater Cassia and Greater Mahogany areas.

Oil & Gas

Aberdeen University signs agreement to establish first international campus with energy focus

12/05/2015

The University of Aberdeen has signed an historic agreement to establish its first international campus in South Korea which could help train oil workers of the future. As previously revealed on Energy Voice, millions is set to be spent on teaching students on a real platform off the Gwangyang cost. Academics had said the unique joint venture with the South Korean government was a “statement of optimism” in the future of the energy sector, which has been hit hard by a global sump in oil prices. At a ceremony held in the city of Changwon, representatives from the University put pen to paper on an agreement between the University and its partners in the project, the Gyeongsangnamdo Prefecture, Gwangyang Bay Free Economic Zone Authority, and Hadong County.

Oil & Gas

Oil & Gas UK reveal new board members

12/05/2015

Oil & Gas UK has announced a number of appointments of member company representatives to its board. Enquest’s president Neil McCulloch has also been named as vice chair representative for the operator community. Meanwhile board member Terry Savage, corporate relationship director for Global Energy Group, has been named as his counterpart of vice chair, representing the contractor community.

Oil & Gas

MEO Australia granted extension on permit year

12/05/2015

MEO Australia has advised it has been granted approved a six month suspension and extension to the current permit year five of NT/P68 by the National Offshore Petroleum Titles Administrator (NOPTA). MEO is in process of withdrawing from the Blackwood gas discovery and retaining a 100% interest in the remainder of NT/P68, including the Heron gas discovery, with Eni bearing the costs of managing the division of the permit.

Oil & Gas

BP suspends operations on West Azeri platform

12/05/2015

Oil major BP has suspended operations at one of its platforms in the Caspian Sea for planned maintenance. The company said operations would be suspended for three weeks at the end of May at the West Azeri platform.

Oil & Gas

Subsea 7 to reduce headcount by almost 20%

12/05/2015

Subsea 7 plans to cut its workforce by almost 20% and reduce its fleet by up to 11 vessels. The move has been made as a result of the oil price decline since last year. The company, which focuses on the North Sea, expects to reduce its workforce by 2,500 by early next year.

Oil & Gas

Statoil makes changes at the top and sets up new renewables unit

12/05/2015

Statoil has established a unit for renewable energy as its cheif executive makes changes to his management team following his takeover as head of the company. Eldar Saetre has created the New Energy Solutions business area which will be led by executive vice president Irene Rummelhoff who was formerly head of exploration in Norway. Hans Jacob Jegge will replace Torgrim Reitan as chief financial officer.

Oil & Gas

Technip wins Thunderhorse contract

12/05/2015

Oil major BP has awarded Technip a contract on its Thunder Horse South expansion project in the Gulf of Mexico. The work includes engineering, fabrication, installation and pre-commissioning of the new production pipeline systems. Technip's operating centre in Houston will perform the overall project management. The infield flowlines will be welded at the company's spoolbase in Alabama.

Oil & Gas

Premier Oil resumes Falkland Drilling

12/05/2015

Premier Oil has resumed drilling at the Isobel Deep prospect off the Falkland Islands after it was temporarily shutdown following a problem with the rigs blowout preventer. Last month the UK independent said work on the well would be suspended while the blowout preventer was brought to surface for inspection and repairs.

Breaking