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Americas

Los Angeles police investigate death of heir to Getty empire

01/04/2015

Los Angeles homicide detectives are investigating the death of Andrew Getty, a 47-year-old heir to the Getty oil fortune, at his Hollywood Hills home on Tuesday. Officers were summoned to the property at 2:18 p.m. local time on Tuesday with a report of an unconscious male, said Officer Norma Eisenman, a spokeswoman for the Los Angeles Police Department. She said detectives in the robbery-homicide division were investigating. The Los Angeles County Medical Examiner-Coroner was also investigating, according to Lieutenant Larry Dietz.

Health & Safety

Industry safety group dismisses “stranded offshore worker” claims

01/04/2015

An energy industry safety group has moved to allay fears that offshore workers could be left stranded at sea if they don’t comply with new rules for helicopter flights. In line with size restrictions that come into force today, passengers need to have had their shoulders measured so that they can be assigned a seat next to a window large enough for them to crawl through in the event of a ditching. On Monday, an Aberdeen-based workplace healthcare provider, RPS, said workers whose measurements have not been recorded will be allocated an “extra broad” seat by default. It went on to warn that unmeasured workers might find that there is not enough room for them, as there are a limited number of XBR seats on a helicopter.

Africa

Celebrations erupt in Northern Nigeria as Buhari wins presidency

31/03/2015

Celebrations erupted across northern Nigeria after Muhammadu Buhari clinched victory in presidential elections, ending a 16-year monopoly on power held by the ruling Peoples Democratic Party. Thousands of jubilant youths spilled into streets of Kano, Maiduguri, Yola and other cities, shouting, honking horns and chanting Buhari’s name. Some carried brooms, the symbol of Buhari’s All Progressives Congress party and an emblem of it’s campaign for change. Buhari, a Muslim northerner and former military ruler, won 52.4 percent of votes cast and a majority in 19 of the 36 states, including all the predominately Muslim northern ones.

Oil & Gas

Enquest to consult on three on, three off shift rotation

North Sea operator Enquest has told staff it plans to change the shift patterns of its offshore workforce as well as implement job cuts. Staff were contacted yesterday to hear about the firm’s plans to implement a three weeks on, three weeks off shift rotation. The company has also launched a 45-day consultation in an effort to cut jobs from amongst its estimated 500-strong North Sea workforce.

Africa

Nigerian stocks gain eighth day as Buhari leads election race

31/03/2015

Nigerian stocks gained for an eighth day and bonds extended a rally as former military ruler Muhammadu Buhari took the lead with half of the country’s states reporting results from the March 28-29 general elections. Four shares climbed for every one that fell on the Nigerian Stock Exchange All Share Index, taking the gauge to its highest level since March 10, and paring losses this quarter to 9.3%. Yields on $500 million of Nigerian dollar bonds due July 2023 fell for a ninth day to the lowest level since December 10. “The fact that the voting is behind us now in itself is positive, even though we’re still waiting for results,” Yvonne Mhango, a Johannesburg-based economist at Renaissance Capital, said by phone.

Oil & Gas

Maersk adopts CAMS system

31/03/2015

Maersk Oil has become the first to adopt an exclusively electronic competence system which they say will give them the ability to track employees’ knowledge and minimise risk in the oil and gas sector. Developed by Atlas Knowledge the Competence Assurance Management System (CAMS) is an online competence assessment and training system where all data surrounding employees can be tracked. Based on three key criteria: knowledge, skills and practice- it allows companies to build a background on each employee’s level of competence and centralise all documentation in one secure place.

Americas

McDermott International wins Chevron Gulf of Mexico contract

31/03/2015

McDermott International (MDR) have been awarded a "sizeable" contract to transport and install subsea umbilicals, manifolds, jumpers and flying leads for Chevron. The contract is to support the brownfield expansion of the Jack and St Malo fields in the US Gulf of Mexico. The value of the award is included in McDermott's first quarter 2015 backlog.

Middle East

Petrotechnics appoint two new team members

31/03/2015

Petrotechnics has appointed two new members to its Middle East business development team. Suhas Jadhal has been appointed as Petrotechnics’ new Middle East business consultant. Mr Jadhal has an undergraduate degree in Civil Engineering and MBA in Construction Management and Research, and brings with him extensive experience in implementing enterprise solutions such as SAP and Primavera to major refineries in the Middle East and North Africa. He will provide hands-on customer support from Petrotechnics Abu Dhabi office, working closely with clients to achieve operational excellence through the deployment of Proscient.

Middle East

Second European firm pulls out of Yemen as violence continues

31/03/2015

DNO ASA, the Norwegian oil and gas operator, have announced a suspension of production in Yemen as violence continues to rock the Middle Eastern country. The news comes just a day after French giant Total evacuated all expatriate staff from Saana and Kharir in the country. The oil major said its operations on Yemen’s Block 10 have also been reduced , with gas production maintained only for local power generation and supply to nearby communities.

Middle East

Iran nuclear talks enter final day

31/03/2015

Iran and world powers are weighing compromises in order to overcome a deadlock in nuclear talks with little more than 12 hours to reach an agreement. “We’re in a bit of a crisis with the talks; perhaps we have a bit of a new approach, we will see,” Frank-Walter Steinmeier told reporters on Tuesday. Russia’s Foreign Minister Sergei Lavrov said in Moscow that there’s still a good chance the sides can overcome their differences before the deadline. An understanding can be reached “as long as none of the participants at the talks raise their stakes at the last moment,” Lavrov said at a press conference prior to returning to Lausanne, Switzerland, where the negotiations are taking place. The effort to end a 12-year standoff has negotiators still divided over the pace of easing sanctions on Iran, and the limits to be imposed on its research to ensure it can’t obtain nuclear weapons.

Africa

Total in Ugandan tax dispute

31/03/2015

Total is seeking international arbitration regarding a tax disagreement with Uganda. The debate could delay oil production in the east African country further. In 2006 the country struck hydrocarbon deposits along its border with the Democratic Republic of Congo. The country’s crude reserves are estimated to be around 6.5billion barrels by government geologists.

Oil & Gas

WGPSN wins major Total contract

31/03/2015

French oil major Total has awarded Wood Group PSN (WGPSN) a major multi-million dollar contract for a number of its UK assets. The move will see the company deliver engineering, procurement, construction and commissioning services to four offshore assets and two onshore facilities. Dave Stewart, UK managing director of WGPSN said: "Our knowledge and in-depth understanding of this key client's needs, and our strong commitment to working safely, collaboratively, innovatively and efficiently to maximise productivity of these assets, helped us to secure this contract. We look forward to continuing our long-standing partnership with Total in the UKCS."

Africa

Cliffhanger in Nigerian election

31/03/2015

In a cliffhanger of a Nigerian election, early returns from half the states showed President Goodluck Jonathan and former military dictator Muhammadu Buhari almost even. The US and Britain warned of “disturbing indications” that the tally could be subject to political interference. Counting stopped just before midnight with Mr Jonathan winning nine states and the tiny Federal Capital Territory to Mr Buhari’s nine states. But Mr Buhari won many more votes - 8.5 million to Mr Jonathan’s 6.48. Another 18 states - including Lagos which has the biggest number of voters of any state - still have to send results to the counting centre in Abuja, electoral commissioner Attahiru Jega announced.

Oil & Gas

Aberdeen firm completes Australian gas field survey

An Aberdeen firm set up by two entrepreneurs has completed a survey of its promising gas field in Australia. Warrego Energy,founded by Dennis Donald and Duncan MacNiven, expects to drill the West Erregulla field at the end of this year or in early 2016 following completion of the seismic survey. The company undertook significant preparatory work to ensure the site’s cultural and botanic heritage is preserved.

Market info

Carlyle Group dives into energy industry LBOs as Apollo lies in wait

31/03/2015

The four biggest private-equity firms have raised about $30 billion to invest in energy deals. They don’t all agree on how to spend that money. Carlyle Group LP is prepared to bet that oil prices have bottomed out and sees now as the best time to deploy its money, co-founder David Rubenstein said last week. Apollo Global Management LLC says the sell-off in oil isn’t over yet and the highest-returning deals are still on the horizon. “There will be attractive opportunities to buy now,” Rubenstein said March 23 at the SelectUSA Investment Summit in Washington. Greg Beard, who leads energy investing at Apollo, sees a different timeline: “The worst, the problems, are yet to come,” he said in an interview last month.

Australasia

Shell delays drilling of Australian well

30/03/2015

Shell has delayed drilling of a $100million-plus exploration well off Australia’s north-west coast. The Shell Cronus-1 well had been due to start drilling in the Browse Basin but has been delayed until later in the year. It comes after a number of wells were also deferred including Japan’s Inpex Corporation and Santos, while a number of other companies have sought modifications to terms.

Africa

Total evacuates staff from Yemen

30/03/2015

Total has evacuated all expatriate staff from Saana and Kharir in Yemen. The French oil major said its operations on Yemen’s Block 10 have also been reduced , with gas production maintained only for local power generation and supply to nearby communities. It comes after disruption in the region following an overnight military raid by Saudi-led forces against Houthi forces.

North Sea

Australian firm gains new vessel as it eyes the North Sea

30/03/2015

Australian maintenance experts Vertech are preparing to take delivery of their first specialist vessel as the company’s diving team aims to expand into the North Sea and further afield. The new 14.4m daughter craft, which will be one of a number built, is due for delivery in early April and will feature a three-diver panel and state of the art monitoring equipment. The vessel has been designed for diving operations in 1.6m significant wave height and built to order in Cape Town, South Africa. In recent weeks it completed sea trials to gain MCA category two approval.

Europe

New head of Wintershall appointed

30/03/2015

Wintershall has named a successor to Rainer Seele after he was named as the new chief executive of OMV. Mario Mehren, currently a member of the the board of executive directors of Wintershall, will take on the role from July 1. He is currently responsible for exploration and production for the company covering the regions of Russia, North Africa and South America.

Europe

Statoil awards 2H contract for Johan Sverdrup field

30/03/2015

Statoil has awarded 2H Offshore a contract for analysis on the Johan Sverdrup field in the Norwegian sector of the North Sea. The company's work includes tieback conductor, platform conductor and surface riser engineering analysis. 2H had already conducted engineering studies for Statoil to support wellhead specification on the development.

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