Petrofac has been awarded a $780million contract from KOC (Kuwait Oil Company) for its manifold group trunkline in the country. The international oil and gas services provider said the win will play an integral part in KOC’s plans to increase and maintain its crude production over the next five years. There are three new gathering centres – forming part of the broader engineering, procurement and construction contract - already being built.
In February last year, the formal launch of OGAS (established 2012) took place at the Scottish Parliament, where its fresh-out-of-the-box director, Rulzion Rattray, outlined the potential and new opportunities made available through the formation of the academy.
An engineering company which sells services to the oil and gas industry is to close, with the loss of more than 100 jobs. AKD Engineering in Lowestoft, Suffolk, announced its intention to close the business from the end of June, following several years of “substantial“ losses, compounded by the current downturn in the oil and gas sector.
There are too few women entering, staying in and reaching the highest levels of the energy industry, a new report says. Professional services firm PwC and industry body POWERful Women (PfW) reveal research findings showing just 5% of executive boards seats among the top 100 UK-headquartered energy firms are held by women. More than three in five of the firms (61%) have no women on their boards at all.
A multi-disciplinary engineering team at the University of California, San Diego, have developed a new nanoparticle-based material for concentrating solar power plants designed to absorb and convert to heat more than 90% of the sunlight it captures. It is said the new material can also withstand temperatures greater than 700C and survive many years outdoors in spite of exposure to air and humidity. By contrast, current solar absorber material functions at lower temperatures and needs to be overhauled almost every year for high temperature operations.
Norwegian company Aker Solutions is one step closer to finalising plans for its split at the end of this month.