Technology and skills provider Atlas Knowledge has created a system to manage and track the competence of employees in the oil and gas industry. The Competency Assurance Management System (CAMS) was developed with expertise from a industry advisory group of 100 people.
German oil and gas producer Wintershall has awarded FMC Technologies its first subsea contract for the Maria development in the North Sea. The contract is worth $280 million and will be completed by FMCs subsidiary FMC Kongsberg Subsea AS.
The cost for operators to decommission rigs in the North Sea is expected to cost around £10 billion in the next eight years. Acteon company, Claxton, has created an infographic showing all the costs involved with decommissioning in the region.
Dubai-based explorer Dragon Oil has proposed a £492 million cash offer to Petroceltic International to add exploration and output in North Africa and Kurdistan. The Board of Petroceltic said it was in discussions with the company, who have proposed a £2.30 offer per share.
Exploration and production Company Atlantic Petroleum has announced drilling of its Ivory Well has begun. The Faroese company has a 9% working share in PL 528B which is located in the Norwegian Sea.
Oil and Gas firm BG Group has received a $350 million repayment of outstanding debts from the Egyptian government. The payment was a result of the country’s government raising funds specifically to help repay debts to the oil and gas sector.
UK Oil and Gas have announced operations at the Horse Hill-1 site produced oil shows during mud logging. The discovery, which shows evidence of reservoirs with oil, was found between a measured depth (MD) of between 2,100 to 2,140 feet.
TransAtlantic Petroleum has announced its natural gas prices could rise, after the Turkish government increased its natural natural gas price by 9%. The company said it expects its natural gas price sale to increase concurrently following the announcement.
Oil and gas partnership LINN Energy has sold some of its assets in the US, creating $2.3 billion in sales. The US oil firm sold its assets in the Texas Panhandle and western Oklahoma to privately held institutional affiliates of EnerVest for $1.95 billion.
Women account for less than 10% of the engineering workforce in the UK, research has shown. The Institute for Public Policy Research (IPPR) found 16 was the critical age at which females were lost to a potential career in the sector.
A fire at an offshore natural gas platform which forced four people on board to be evacuated has been extinguished by firefighters. The Baker platform in Alaska is operated by Houston-based Hilcorp Energy and a no-fly zone of two miles was put in place.
United Arab Emirates (UAE) Energy Minister Suhail Al Mazrouei said he hopes BP, Royal Dutch Shell Plc and Total SA have “a good chance to compete” for concessions in the nation’s biggest onshore deposits of crude oil. The three companies, together with Exxon Mobil Corp and Portugal’s Partex Oil & Gas, were partners with Abu Dhabi, the UAE’s largest emirate, in a joint-venture agreement that expired in January.
An international energy logistics group has been boosted by growth in its North Sea revenues. Peterson Offshore Group BV has announced its consolidated results for the 12 months ending December 31, 2013.
A Caribbean-focused explorer has completed a further step in its 30-well redevelopment of the Goudron Field in Trinidad. Leni Gas and Oil was given the go-ahead to begin drilling 30 new wells at its Gourdon oil field for the first time in 30 years in January.
UK-based oil and gas explorer Ophir Energy has announced gas discoveries in its Kamba and Fulusi prospects of 1.03 trillion cubic feet (tcf) in Tanzania. This latest finds, combined with recent volume updates on the earlier discoveries, increases estimates of the total Block 1, 3 and 4 mean (2C) recoverable resources to 17.1tcf.
ICR Integrity Ltd has acquired Quickflange AS, which specialises in weldless pipeline repair and rehabilitation. It follows the management buyout of ICR in March this year which was backed by Graphite Capital, a leading UK mid-market private equity specialist.
The largest independent firm of chartered accountants in Scotland has strengthened its oil and gas focus with the appointment of a new tax director. VAT specialist Fiona Weir has joined the tax team at Johnston Carmichael where her key remit will be working with clients in the oil and gas and financial services sectors.
This article sets out to add further clarity to the subject of the ultimate potential recovery of oil and gas from the UK Continental Shelf.
Robert Gordon University (RGU) will launch a new technology centre focused on cultivating data analytics for the oil and gas sector.