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Chevron set to put Central North Sea assets up for sale

Oil firm Chevron is set to put its assets in the Central North Sea up for sale. The Alba, Alder, Britannia, Captain, Elgin-Franklin, Erskine and Jade platforms are included in the plans. The operations employ 610 staff and 220 contractors. Chevron said it was confirming an intent to market its assets in the Central North Sea, and that those assets may or may not be sold. The company, the second largest US oil producer after Exxon, was among the first oil companies to drill in...

United States hints at sanctions waivers on Iran oil

 The Trump administration’s top diplomat has indicated the United States might grant waivers to some countries allowing them to continue importing Iranian crude when sanctions snapback in November. “There will be a handful of countries that come to the United States and ask for relief,” Secretary of State Mike Pompeo said on Tuesday in a television interview with Sky News Arabia. “We’ll consider it.” In a separate briefing for reporters travelling with the secretary, a senior Stat...

BP Ventures leads £2.5m investment into EnergyTech firm

BP Ventures has invested £1.5m in London-based energy monitoring company Voltaware. This forms part of Volatware’s £2.5m Series A round, which also drew support from First Imagine! Ventures and Contrarian Ventures. The deal was made as part of BP’s Alternative Energy’s strategy to explore digital innovations and the impact of technology on energy consumption and management. Voltaware fits into this criteria, as its sensors enable businesses and residential users to track their energy d...

DSME shortlisted for Chevron’s Rosebank FPSO project

The race to win Chevron’s $2 billion offshore project has been narrowed down to South Korea’s Daewoo Shipbuilding & Marine Engineering Co. (DSME) and a Singaporean rig builder. According to industry sources on Monday, DSME and Singapore-based Sembcorp Marine were shortlisted for the bid from the U.S. energy major to build a floating production storage and offloading (FPSO) vessel. The unit is part of Chevron’s Rosebank project to develop oil fields located 175 kilometers northwest...

Petrofac wins $200m contract for Dutch wind farm

Petrofac has been awarded a $200m contract by Dutch-German transmission grid operator TenneT for the Hollandse Kust Zuid offshore grid connection for a wind farm in the North Sea.  The Dutch government is targeting a total of 3.5 gigawatt of wind energy production capacity offshore by 2023.  To achieve this, five 700 megawatt standardised concept transformer substations are planned for installation offshore Netherlands.  Petrofac will be responsible for the engineer...

Engage Talent Partners launches exclusive partnership recruitment model

A new business offering a more joined-up approach to recruitment has launched in Aberdeen. Scott Leonard, founder and recruitment director at Engage Talent Partners, believes his firm’s exclusive partnership model is the way forward in finding the best fit for clients and candidates alike. The company has already secured projects in Aberdeen, Edinburgh, Great Yarmouth and London. Scott, who was previously associate director with Aberdeen Appointments Agency (AAA), said: “The offering f...

Expro Donates Cash To Budding Whizz Kids’ Tech Club

Leading international oilfield services company, Expro, has partnered up with an Aberdeenshire primary school to donate £1,500 of interactive learning technology – bringing learning to life for nearly 450 school pupils. Strathburn Primary School in Inverurie launched its ‘Coding Club’, for children in primaries four to seven, which focuses on building the knowledge and skills of coding in order to deliver the next generation of digital creators.  Expro’s funding will supply Lego W...

Almansoori Delivers Facilities For Kenya’s First Oil Wells

AlMansoori Specialized Engineering, the leader in oilfield services in the Middle East, has successfully contributed to the Early Oil Pilot Scheme (EOPS) launch leading to Kenya’s first oil production and export programme by providing facilities for the landmark project. The $15 million contract with Tullow Oil, part of Kenya’s EOPS, included the provision of degassing facilities for three well pads and an early production facility (EPF) for oil and water separation, stabilization, storage...

Subsea 7 Celebrates Build Milestone And Announces Vessel Name

The keel laying ceremony for Subsea 7’s new reel-lay vessel took place at Royal IHC in Krimpen aan den IJssel (Netherlands) today, 5 July. In line with this major milestone Subsea 7 announced the vessel will be named Seven Vega, which is the winning suggestion of an employee vessel naming competition.Stuart Fitzgerald, Executive Vice President Strategy and Commercial Subsea 7 said: “The vessel marks an important investment for the future. When delivered, Seven Vega will be one of the most capabl...

Eni begins gas production from OCTP project

Eni’s Offshore Cape Three Points project (OCTP project), an integrated oil and gas development in offshore Ghana, has commenced production of non-associated gas from the Sankofa field. According to the Italian energy company, the OCTP project will produce 180 million standard cubic feet per day (mmscf/d) for a minimum of 15 years. The non-associated gas produced from the integrated oil and gas project will be adequate to meet the half of the Ghana’s power generation requirements from gas.&n...

Chevron set to put Central North Sea assets up for sale

Oil firm Chevron is set to put its assets in the Central North Sea up for sale. The Alba, Alder, Britannia, Captain, Elgin-Franklin, Erskine and Jade platforms are included in the plans. The operations employ 610 staff and 220 contractors. Chevron said it was confirming an intent to market its assets in the Central North Sea, and that those assets may or may not be sold. The company, the second largest US oil producer after Exxon, was among the first oil companies to drill in...

OGA initiates latest UK offshore licensing round

The Oil and Gas Authority (OGA) has commenced the 31st  UK offshore licensing round for blocks located in frontier regions of the UK Continental Shelf (UKCS). Intended to generate interest in under-explored basins, the initiative covers 1,766 blocks with a total of 370,000km2 across the West of Scotland, the Mid North Sea High, the East Shetland Platform, South West Britain and certain areas of the English Channel. The offshore licensing round is supported by more than 80,000km of...

Are the Newcomers moving for Chevron assets

Private equity backed newcomers to the North Sea such as Chrysaor, Neptune Energy, Spirit and Ineos are expected to be among potential buyers of Chevron’s central North Sea assets. Chevron is marketing its interests in Alba, Alder, Britannia, Captain, Elgin/Franklin, Erskine, and follows ConocoPhillips decision to reduce its equity in the Clair field, west of Shetland, from 16.5% to 7.5%. The operations employ 610 staff and 220 contractors. Chevron tis he second largest US oil pro...

ROVOP reports record year and growth in challenging market

Aberdeen 5th July 2018 – ROVOP Limited, (“Rovop”) an independent operator of underwater remotely operated vehicles (ROVs), has marked a major business achievement after reporting record revenues and employee numbers for the company. ROVOP has also reported its best ever EBITDA (Earnings before Interest, Taxes Depreciation and Amortisation). ROVOP Limited, the UK trading business of ROVOP, last year boosted its turnover by 39% to £19.7m, despite very challenging market conditions and continu...

New Sales and Marketing Director to spearhead growth at READ Cased Hole

Production and integrity evaluation specialist, READ Cased Hole Ltd (READ) is delighted to announce the appointment of Kevin Giles to its senior management team as Sales and Marketing Director. Based in Aberdeen, Kevin is responsible for identifying and leading strategic global business development opportunities across the company’s portfolio of production logging, well integrity and reservoir evaluation technologies and services. He brings with him over 26 years of oil and gas industr...

3T Energy Group transforming training through technology

3T Energy Group are a leading training and simulator specialist for the global energy industry.  Group President Paul Stonebanks discusses the company’s use of digitalisation, virtual reality and advanced simulation as a cutting-edge approach to traditional training solutions.  Can you tell us about the decision to create 3T energy group from the merger of Drilling Systems and AIS Training?  This decision has always been focused on technology.  I founded A...

Texo Group to Create 1000 Jobs

A new Engineering and Technology Group is set to create up to 1000 new jobs across multiple UK based locations and generate annual revenues in excess of £100m.  Texo Group is set to meet the demand for integrated engineering services within critical infrastructure.Representing an unprecedented offering in turnkey services to both UK and global markets, encompassing initial design, through to lifecycle management of critical assets.  The business will be headquartered in its p...
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