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Oil & Gas

ASCO boss says low oil price could be “very good” for the future of the North Sea

The chief executive of Asco said a period of $50 oil could be a “very good” thing for the North Sea as companies will be forced to work more collaboratively and reduce cost. Alan Brown, who took the top job at the international oilfield support services firm last year, said the lifespan of the North Sea would be “much shorter” unless there was greater efficiency amongst operators and the supply chain. He said the industry must be prepared for the year-long dip in price per barrel to be the “new normal”.

Oil & Gas

Statoil boss calls for “fundamental and structural” change to North Sea cost structure

The head of Statoil yesterday cautioned oil and gas companies against decommissioning too early and said the Norwegian firm’s £4.5billion North Sea Mariner development was on track. Statoil president and chief executive Eldar Saetre said there were a lot more resources to be found but costs needed to be restructured in a “fundamental and sustainable” way to ensure their recovery. He was speaking after his first visit to the Norwegian oil giant’s new regional base in Kingswells, Aberdeen.

North Sea

Tenaris win Statoil Mariner contract

Tenaris has netted a contract to work on Statoil’s massive Mariner project in the North Sea which will lead to the creation of up to 20 jobs in Aberdeen. The tubing and casing manufacturer will provide connections as well as associated services from its UK base in Aberdeen. Last month, Statoil awarded Baker Hughes a contract for production chemicals and services for the Mariner field.

Oil & Gas

Statoil’s Aberdeen base safe amid company cuts

Statoil’s growing Aberdeen base will be safe from the firm’s latest round of job cuts, a spokesman confirmed. The firm announced earlier today it would cut up to 2,000 posts, comprised of permanent and consultant positions, by the end of 2016. The move is part of the Norwegian operator’s robust austerity measures.

Oil & Gas

Asco scoops Mariner field contract

Statoil has awarded the contracts for supply base and warehousing services for the Mariner field to Asco UK. The base and warehousing facility for Mariner will be operated by Asco from Peterhead, north of Aberdeen. The scope of the contract awarded includes the provision of supply base services, including personnel, local transportation, marine gas oil, quayside services and a nearby warehousing facility. Asco will carry out the services for the Mariner field under two five year contracts, anticipated to start during the first quarter of 2016. The contracts also include a pair of two year extension options.


Statoil’s Gunnar Breivik: “We will be here in 40 years’ time”

Statoil's Gunnar Breivik sounds confident as he makes the firm statement. But more than being confident, the managing director for Statoil Production UK is comfortable with the commitment. And rightly so. As the North Sea celebrates its 50th year, a fresh new generation of explorers has emerged eager to carry the torch for innovation. Statoil is at the forefront of the pack. Statoil has historically dominated the E&P scene on the North Sea's Norwegian divide. But the Norwegian giant is now looking to balance its board.

Other News

OSM Offshore’s Aberdeen division lands Mariner FSU deal

Norwegian oil giant Statoil has awarded the management contract for the floating storage unit (FSU) for its £4billion-plus Mariner project in the UK North Sea to offshore service firm OSM Offshore Aberdeen. The value of the contract, which starts on February 1 and will last for five years, with three further option periods of two years each, was undisclosed. However, industry sources said it was a “significant”.

Oil & Gas

Schlumberger wins Mariner field contract

Schlumberger has been awarded a drilling contract on the Mariner field by Statoil and its co-venturers. The work will be delivered from the company’s Aberdeen base and it will be responsible for al number of services. A total of 22 drilling and well services are included in the scope, including a logistics support responsibility.

Oil & Gas

Aker Solutions wins hook-up contract for Mariner development

Aker Solutions has secured a £120million contract for work on the Mariner oilfield development in the UK North Sea. The agreement will see the company provide engineering, construction and commissioning services during the development’s hook-up phase. Aker will carry out the work on behalf of Daewoo Shipbuilding and Marine Engineering on the development. The deal comes in addition to a five-year maintenance and modification service contract awarded by Statoil in June.