A redundancy deal for the crew of an Odfjell Drilling rig should be the “benchmark” for the North Sea, according to a union boss.
Lessons learned from the first year of Quad 204 production will help BP get its latest west of Shetland mega-project up to full speed, the energy major’s North Sea boss said.
BP's decision to push ahead with the development of the Alligin and Vorlich fields signals a change in tack from the energy giant, an analyst has said.
BP’s North Sea boss said yesterday that the business has got “positive momentum” in its quest to meet ambitious production targets.
Oil major BP signalled a switch from “defence to offence” in its third-quarter profits update, an analyst has said.
Oil major BP said today that its profits more than doubled in the third quarter of 2017, but its chief executive still thinks there is “room for improvement”.
Industry body Oil and Gas UK (OGUK) has challenged scientists’ gloomy prediction that North Sea oil and gas reserves will run out in 10 years.
Oil major BP has started production from another two of the seven major upstream projects it had lined up for 2017.
BP notched up second quarter pre-tax profits of £700million, rebounding from a £2.5billion loss a year ago.
Oil major BP is celebrating the start of production from Quad 204, one of the largest field redevelopments in North Sea history.
A boss at BP has hailed the North Sea as an attractive place to invest and said the oil major would keep working to “reinforce confidence” in the region.
BP’s plans to extend its restructuring into next year will not affect its North Sea business, which is moving a number of key projects towards start-up, the oil major said yesterday.
Aberdeenshire firm Ace Winches has completed a job for Technip ahead of a project commencing on Quad 204 west of Shetland.
A new piece of kit developed by Aberdeenshire subsea service company Ashtead Technology has been put to work on BP’s Quad 204 project.
Amec Foster Wheeler (AFW) today reiterated its commitment to Aberdeen and the North Sea after enjoying a busy six months for the region. AFW said it was “powering ahead” with hook up operations on a number of key North Sea development projects, including Clair Ridge and Quad 204, both of which were creating “good opportunities” for employment. The engineering and project management firm’s Scottish workforce, thought to number around 4,500 people, is largely focused in the Aberdeen area and offshore.
Record North Sea revenues at Amec Foster Wheeler (AFW) were not enough to prevent first half profits from nosediving at the engineering and project management giant. London-headquartered AFW – a major oil and gas supply chain player – said today it had worked on a number of key North Sea projects during the six months, including hook-up and commissioning for Clair Ridge and Quad 204. Revenues for the Northern Europe and CIS region lifted 3% year-on-year to £759, with oil and gas contributing £570million to that figure.
EnerMech is working on a £5million contract to prepare the Glen Lyon FPSO for delivering first oil from BP’s Quad 204 project, the mechanical engineering group said today. Quad 204 involves redeveloping the Schiehallion and Loyal fields, 110 miles west of Shetland, with the intention squeezing another 450million barrels from them. Glen Lyon, which is 885ft long and 170ft wide, is expected to process 130,000 barrels of oil and 220 million cubic feet of gas per day when production starts.
A major milestone has been reached in the delivery of 73 subsea structures for BP’s Quad 204 offshore development project. Babcock International Services has completed two manifolds – the largest and most complex constructions within the project – at its Rosyth facility on the Forth. The structures, which were manufactured, painted and outfitted at the site, were transported to Lerwick by freighter and then transferred to a dedicated heavy lift vessel for installation at the Schiehallion and Loyal oil and gas fields.
As Technip’s project director for the £800million Quad 204 project, Richard Wylie is tasked with restoring one of the North Sea’s prized assets at a crucial time for the industry. The project involves the redevelopment of the Schiehallion field, 110miles west of Shetland, and the target is to squeeze another 25 years and 450million barrels of oil out of it. The BP-operated field started producing in 1998, but the old FPSO, which was towed away last year, now needs to be replaced along with subsea infrastructure.