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Saipem bag more contracts

Saipem bag more contracts   Italy’s engineering, drilling, and construction services giant Saipem is on a roll, as it lined up its second batch of contracts in two days and its third one since the start of this month. The latest set of deals was secured with two oil majors. These assignments, awarded by Eni and BP, come with a total value of around $700 million. The Italian giant won the first contract with Eni Congo for the conversion of the Scarabeo 5 semi-submersible drill...

Imrandd Appoints Karen Petric as Team Lead on Apache Contract

Imrandd Appoints Karen Petric as Team Lead on Apache Contract   Asset Integrity consultancy Imrandd has announced the new appointment of Karen Petric as the Team Lead on its Apache contract. This addition compliments Imrandd’s growth strategy and builds upon the success of its strategic partnership. Imrandd secured the five-year contract for the provision of topsides integrity data analytics and onshore inspection support with Apache Corporation’s North Sea subsidiaries...

Public needs to know why we must transform our electricity network, trade body tells UK leaders

Public needs to know why we must transform our electricity network, trade body tells UK leaders UK and Scottish Governments must tell people affected by the development of a new electricity grid why change is necessary Scottish Renewables backs Electricity Network Commissioner’s recommendations for a dedicated information campaign   The UK and Scottish governments must urgently explain to the public why a once-in-a-generation electricity network expansion is needed, indust...

Quattro Energy agrees extension to acquire North Sea licence

Quattro Energy agrees extension to acquire North Sea licence   UK-headquartered oil and gas company Quattro Energy Limited has agreed on a long stop date extension for the acquisition of United Oil & Gas’ license in the Central North Sea, which includes an existing hydrocarbon discovery. Following United Oil & Gas’ decision to sell its UK Central North Sea licence P2519, containing the Maria discovery in the Outer Moray Firth Basin, it entered into a binding as...

Petrofac Limited results for the six months ended 30 June 2023

Petrofac Limited results for the six months ended 30 June 2023   First half highlights Major increase in Group backlog to US$6.6 billion at 30 June 2023 (31 December 2022: US$3.4 billion) with strong order intake in both E&C and Asset Solutions Strong operating performance in Asset Solutions and IES, in line with expectations E&C first half EBIT loss of US$122 million reflecting the combination of lower levels of activity, onerous contracts with no margin recognition...

EnerMech wins five-year £12 million contract with TotalEnergies EP Congo

EnerMech wins five-year £12 million contract with TotalEnergies EP Congo Work scope covers crane and lifting maintenance at new facility -   Integrated solutions specialists EnerMech has been awarded a five-year multi-million contract by TotalEnergies EP Congo for crane and lifting maintenance at a new facility to be built at Pointe-Noire, the second largest city in Congo. The work scope will include specific maintenance of crane and lifting equipment, and onshore and offs...

Global Underwater Hub strengthens team with key appointments

Global Underwater Hub strengthens team with key appointments   Global Underwater Hub (GUH), the trade and development body representing the UK's growing £8 billion underwater industry, has announced two strategic appointments. Andy Williamson and Ricci Boston join GUH to drive growth and foster innovation across the underwater sector. Andy Williamson has been appointed as the Business Development Director and Regional Manager for the South of England. With an impressiv...

Ashtead Technology appoints new HR Director

Ashtead Technology appoints new HR Director   International subsea equipment rental and solutions specialist Ashtead Technology has bolstered its leadership team with the appointment of Christine Cochrane as HR Director. The appointment follows a period of significant growth for the company and reflects the importance Ashtead Technology places in attracting and retaining top talent to support its strategic ambitions and international expansion plans. Christine joins Ashtead Tech...

Rovco wins survey contract with Flotation Energy for Cenos floating offshore wind farm

Rovco wins survey contract with Flotation Energy for Cenos floating offshore wind farm   Rovco, a global provider of technology-enabled project solutions to the offshore renewable energy sector, has been contracted by Flotation Energy to carry out a geo-environmental survey at its planned Cenos floating offshore windfarm, 200 kilometres off the north-east coast of Scotland. Located in the Central North Sea, the 1.4GW Cenos floating wind development will cover approximately 333km2....

North Sea sector spent £1.6 billion on decommissioning in 2022

North Sea sector spent £1.6 billion on decommissioning in 2022   Significant opportunity with £21 billion of UK offshore decommissioning spending forecast in next decade 70% of decommissioning work going to domestic supply chain, based on plans submitted in 2022 NSTA working with industry to drive continuous improvement The North Sea oil and gas industry spent £1.6 billion decommissioning redundant wells and infrastructure last year, more than in any of t...

Montrose Port Authority sets out growing ambition as critical to Scotland's offshore wind sector to energy secretary

Montrose Port Authority sets out growing ambition as critical to Scotland's offshore wind sector to energy secretary   Montrose Port Authority (MPA) welcomed Neil Gray, Cabinet Secretary for Wellbeing Economy, Fair Work and Energy, on a visit to its site this week to receive an update on how the Port is continuing to build on its reputation as the major support, logistics and service hub for the North Sea energy sector. Described as a “case study of a business in energy t...

Bounty Oil & Gas spuds Watkins North 1 well in Queensland

Bounty Oil & Gas spuds Watkins North 1 well in Queensland   Australian gas & oil exploration company Bounty Oil & Gas NL has commenced its two-well oil exploration/appraisal program in the Naccowlah Block, Southwest Queensland, with Watkins North 1. Watkins North 1 is a wildcat/ near field exploration well with a planned total depth of nearly 1840m measured depth below rig rotary table (MDRT). The well is designed to examine the Poolowanna/ Hutton/ Birkhead formations....

Tullow bags several oil & gas licence extensions in Gabon

Tullow bags several oil & gas licence extensions in Gabon   Tullow Oil Gabon, a subsidiary of the UK-headquartered oil and gas company Tullow Oil, has gained approval from the government of Gabon for the extension of several of its Gabon licences to 2046. This further underpins the Tchatamba facilities as a core hub for the company. According to Tullow, these licence extensions increase the value of its resource base through the addition of around 5 mmbbls net 2P reserves that...

Survey aims to improve offshore energy contracting behaviours

Survey aims to improve offshore energy contracting behaviours   A major survey aimed at improving how companies conduct business is launched today by Offshore Energies UK (OEUK) to assess how the industry is treating its supply chain. Encompassing companies of all sizes from large contractors delivering integrated energy services to SMEs with innovative solutions and specialist capabilities, the UK offshore energy industry has established a supply chain with a world-class reputati...

Rise of the stranded rigs – a perspective on rig intake

Rise of the stranded rigs – a perspective on rig intake By Mark Watson, ModuSpec Operations Manager   During the boom of the upstream oil & gas industry a decade ago, the order book for new-build rigs was full and shipyards in the Far East were building and commissioning at a pace never seen before. Then we hit a major industry-wide downturn in 2015 and then another in 2020, and the demand for new-build rigs disappeared almost entirely. Today, against the backdrop of the...

GEOS swoops on five Vroon OSVs in US$94M deal

GEOS swoops on five Vroon OSVs in US$94M deal While investors have been circling Vroon Offshore’s 40-vessel OSV fleet for months, Golden Energy Offshore Services (GEOS) was the first to swoop, inking a deal to acquire five OSVs for US$94M   All five OSVs are on charter in the North Sea, and the Ålesund, Norway-headquartered vessel owner expects the transaction to complete in September 2023, more than doubling the size of its fleet. Under the memorandum of agreement (...

Angola's oil, gas projects seek bids from Chinese companies as nation aims for closer trade, investment ties with China

Angola's oil, gas projects seek bids from Chinese companies as nation aims for closer trade, investment ties with China   Angola, a close partner of China and energy producer situated on the west-central coast of Southern Africa, is intensifying its efforts to foster oil and gas cooperation with Chinese companies through bids for new projects. This move aims to leverage the potential of the robust Chinese market. With support from the Embassy of Angola in China, the Angola Oil...

Getech to unlock natural hydrogen exploration sites

Getech to unlock natural hydrogen exploration sites Clean, efficient ‘gold hydrogen’ prize can be realised with data-led approach   Getech, a world leading locator of subsurface resources, has launched a solution to pinpoint sites rich in natural hydrogen. Combining knowledge of natural hydrogen’s genetic systems with Getech’s proprietary data platform, products and machine learning analysis, the firm can predict the location of natural hydrogen deposits...

23 Degrees Renewables lands nearshore trenching contract for Scottish offshore wind farm

23 Degrees Renewables lands nearshore trenching contract for Scottish offshore wind farm   23 Degrees Renewables (23D), an OEG Group company, has completed a contract for a European cable company to carry out trenching and burial works on submarine export cables and associated protection pipes located in the Northeast of Scotland. The project work scope included trenching and burial works on three 225kV submarine export cables and associated protection pipes for an offshore wind fa...

Floating offshore windfarm off Peterhead coast, set to become one of the world’s largest, submits onshore planning application

Floating offshore windfarm off Peterhead coast, set to become one of the world’s largest, submits onshore planning application   Offshore wind developers Flotation Energy and Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, have submitted an onshore planning application to Aberdeenshire Council for the Onshore Infrastructure of the 560MW Green Volt floating offshore windfarm. Green Volt will deliver renewable electricity to oil and gas platforms...
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