UK Oil & Gas tripled its resource base overnight after Xodus pegged its Arreton prospects to contain 219 million barrels.
Front end engineering specialist Xodus cited “challenging” market conditions as it reported an £18.5million pre-tax loss in last year. The Aberdeen and London-based firm was hit by bad debts and wrote off a number of intercompany loans involving some of its international join venture businesses, although turnover rose 12% to £58.6million in 2014.
Aberdeen-based engineering consultancy Xodus Group has won a contract to carry out gas leak detection work at a US Air Force base in Oklahoma. The work involves surveying the piping system that takes gas to the Altus AFB base and is expected to take a week to complete.
Aberdeen energy service firm Xodus Group has struck a deal worth £380,000 for work on the Zirku oil and gas processing facilities in the Persian Gulf. The contract was awarded by Abu Dhabi-based oil major Zakum Development Company (Zadco) and builds on several orders Xodus notched up in the Middle East so far this year. The new agreement will see Xodus lay on services aimed at preventing vibration induced failures on Zirku-Island-based installations over a 24-week period.
Energy consultancy Xodus Group has signed a partnership deal with Saipem of Italy and Chiyoda of Japan to launch a subsea engineering company. Xodus subsea will provide studies, engineering and consultancy services which will focus mainly on the early phase of the projects, such as front end engineering, coneptual studies and basic design.