Odfjell redundancy deal should be ‘benchmark’ for North Sea, says union boss
A redundancy deal for the crew of an Odfjell Drilling rig should be the “benchmark” for the North Sea, according to a union boss.
Quad 204
BP turning challenge into opportunity west of Shetland
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 investment decision signals ‘change in tack’ for oil major
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.
Exclusive: BP spurred on by ‘positive momentum’ in quest to double North Sea output
BP’s North Sea boss said yesterday that the business has got “positive momentum” in its quest to meet ambitious production targets.
BP shifts from ‘defence to offence’ in Q3, analyst says
Oil major BP signalled a switch from “defence to offence” in its third-quarter profits update, an analyst has said.
Updated: BP’s third quarter profits more than double, but CEO says still ‘room for improvement’
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”.
OGUK challenges scientists’ gloomy North Sea prediction
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.
BP launches production from two more major projects
Oil major BP has started production from another two of the seven major upstream projects it had lined up for 2017.
BP back in the black as it posts strong profit
BP notched up second quarter pre-tax profits of £700million, rebounding from a £2.5billion loss a year ago.
Exclusive Video: BP hails Quad 204 start-up as oil major returns to North Sea growth
Oil major BP is celebrating the start of production from Quad 204, one of the largest field redevelopments in North Sea history.
Exclusive: BP still on the hunt for major North Sea discoveries, Mark Thomas says
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 says further restructuring will not touch North Sea business
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.
Ace Winches completes work on Quad 204 project
Aberdeenshire firm Ace Winches has completed a job for Technip ahead of a project commencing on Quad 204 west of Shetland.
Ashtead puts new kit to work on BP’s Quad 204 project
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 signals commitment to North Sea, reveals remodeling plans
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.
Amec posts losses of £450m despite busy first half in North Sea
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 fulfilling £5m contract for work on Glen Lyon FPSO
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.
Babcock completes milestone with delivery of structures to Quad 204
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.
Technip’s Richard Wylie relishing challenge of mammoth Quad 204 project
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.