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Development plan submitted for SNE field, offshore Senegal

MELBOURNE -- FAR Limited announces that the Development and Exploitation Plan for the SNE oil field offshore Senegal has been submitted to the Government of Senegal by the Joint Venture. The Development and Exploitation Plan outlines the full field multi-phase development of oil and gas and details how the field will be developed in a series of phases with plans for ~500 MMbbl of oil to be developed with a plateau production of 100,000 bopd. The first phase of oil development will principa...

Downing Street meeting for North East leader of diversity and inclusion group

Downing Street meeting for North East leader of diversity and inclusion group A leading North East advocate of greater diversity and inclusion in the oil and gas industry was part of a delegation to visit No 10. Dr Ollie Folayan, chair of Aberdeen-based AFBE-UK Scotland, was among a number of delegates to meet Nero Ughwujabo, a special adviser to Prime Minister Theresa May on social justice, opportunities and young people. AFBE-UK, the UK organisation of which AFBE-UK Scotland is a me...

UPDATE 2-Conoco gets $345 million in cash and commodities from Venezuela's PDVSA

Cash-strapped state-run oil companies in Mexico and Venezuela have begun diverting crude historically processed for domestic use and sending it to U.S. refiners now facing transportation constraints to secure similar grades from Canada, data shows. The situation reflects an unusual set of events, including urgent needs by Venezuela and Mexico for cash for debt payments and investment, and demand for heavy crude in the United States due to less availability of Canadian oil, said traders and an...

Well liked chef dies at Clair Ridge project

Graeme Calder (55) died on the Safe Caledonia accommodation platform, near the BP west of Shetland oil and gas development. Mr Calder, who passed away on Monday, was from Buckie in Moray. The circumstances of Mr Calder’s death are not thought to be suspicious, with a medical condition given as the cause by police who described his death as “sudden”. The chef manager worked for global offshore catering firm Aramark on the Prosafe-owned accommodation platform. Mr Cald...

Cairn Energy Submits SNE Field Development Plan To Senegal Government

Cairn Energy PLC said Thursday that, with its joint venture partners, it submitted the development & exploitation plan for the SNE field in offshore Senegal to the government of Senegal for approval. The FTSE 250-listed company, which holds a 40% stake in the joint venture, said approval is targeted for later this year. The plan outlines the full multi-phase development of oil & gas. The field will be developed in a series of phases with plans for 500 million barrels of oil and gro...

Mariner start-up has been delayed

Equinor has been forced to delay start-up of its Mariner heavy oil field off the UK to next year, according to Equinor chief executive Eldar Saetre. There has also been a widening of the scope of hook-up and commissioning work at the £4.5 billion ($5.8 billion) project that has contributed to the delay, supported by challenging weather conditions. Start-up of field, which was scheduled to come on stream in the fourth quarter of this year, has now been delayed to the first half of 201...

Woodside’s Greater Western Flank starts early and $890m under budget

Woodside’s Greater Western Flank Phase 2 has started feeding gas to the North West Shelf LNG plant ahead of schedule and under budget. The six North West Shelf partners approved the project in December 2015 to develop 1.6 trillion cubic feet of gas from six different fields. It was estimated to cost $US2 billion and begin production in the second half of 2019. Woodside chief executive Peter Coleman today said the project had been delivered early and $US630 million ($890 million) b...

Information relating to dividend for third quarter 2018

Key information relating to the cash dividend to be paid by Equinor (OSE: EQNR, NYSE: EQNR) for third quarter 2018. Dividend amount: 0.23 Declared currency: USD   Last day including rights: 18 February 2019 Ex-date: 19 February 2019 Record date: 20  February 2019 Payment date: On or around 28 February 2019 at Oslo Børs (Oslo Stock Exchange), and on or around 1 March 2019 at New York Stock Exchange. Other information: Dividend per share in NOK will be communicat...

Logistics in Oil and Gas - A growing global energy demand. Article by Tsvetana Paraskova

Global energy demand is constantly growing and so is the logistics business for the oil and gas sector. Logistics is a key component of every step of producing oil and gas and transporting said oil and gas to storage, to refineries, or to consumers. In the upstream, logistics to produce oil and gas is the transportation of drilling equipment to the drilling location. In the case of hydraulic fracturing in the US shale patch, it also involves transporting frac sand, water, and chemicals to th...

Digitalisation in Energy: Companies adopt advanced technologies

After the oil and gas industry emerged ‘leaner and meaner’ from the oil price crash of 2014, it is increasingly adopting digitalisation and advanced technologies in its ongoing efforts to boost efficiency and cut costs, improve management and reduce downtime. Digital innovations and the digital transformation help energy companies reduce operational expenses, optimise production flows, cut downtime, extend the life of the oil and gas assets, and increase the safety of operations....

Titan Torque invests in the future with state-of-the-art EnerQuip torque machine

Leading oilfield services business Titan Torque has doubled its operational capacity – and signalled its long-term confidence in the offshore oil and gas industry – with a major investment in a new torque system from EnerQuip, the torque machine specialists. Both Titan Torque and EnerQuip, which designed and manufactured the new unit for Titan, believe the combination of its scale, capability and power make it the largest machine of its kind in Europe. Situated in Aberdeen, the...

Restrata appoints new global head of monitoring and response - Interview with Morgan Rees

What does your new role involve? I’ve been brought on board to look at what Restrata does in the emergency response monitoring and tracking business. Essentially, we are looking to productise it and grow that globally. Also, to add additional products to what we already have. Currently we are focusing on emergency response, primarily in the North Sea and tracking of people and assets in the Middle East. I think the key to my role is thinking about what other solutions we can add to the...

Q&A with Jim Jamieson, Global Technical Sales Manager, i-Tech Services (a Subsea7 company)

Autonomous underwater vehicles have the potential to radically transform inspection, repair and maintenance (IRM) operations in the subsea environment. But is the sector ready for such a change? For subsea operations, IRM services have traditionally relied on vessel-based, remotely-operated vehicles (ROVs) or diver deployment to maintain the integrity of subsea production assets. The oil and gas industry is now at a pivotal point in its evolution and we are on the cusp of a transformation. Or...

VROC - AI for engineers, Case Study exploring the benefits for the Oil and Gas industry

The typical challenge in every plant and installation is that although they generate billions of data points, this is not converted into actionable insights for engineers. Big data analytics consists of 4 key stages: 1. Collecting the data (data from different machines is stored in a single data warehouse/historian). 2. Cleaning of the data (deduplication – removal of duplicate data) 3. Analysis of the data to give key insights to engineers. Currently most systems offer condit...

How FutureOn’s digital twin technology benefits the offshore oil and gas industry

By Darrell Knight, Senior Vice President for Global Accounts, & Thornton Brewer, Client Relations and Strategic Partnerships at FutureOn®, a leading digitalisation firm A primary goal of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) is to help the oil and gas industry understand how digitalisation can transform asset performance. According to ADPIEC, almost 70 percent of oil and gas companies believe digitisation will benefit its field development and drill...

Company experts join forces to re-launch key Oil & Gas UK network

Over 50 oil and gas company representatives have been nominated as part of a key network re-launch that Oil & Gas UK is spearheading under its Efficiency Task Force (ETF). Set up in 2015, the Continuous Improvement Network looks to better understand the nature of efficiency in the UKCS by examining collaborative and continuous improvement practices. Specifically, it seeks to understand what promotes and hinders improvement in the basin. Hosted by Brian Rodger of Nexen, the event will b...

DNV GL forecasts faster, more agile oil and gas production techniques as industry adapts to the energy transition

Oslo, Norway – 24 October 2018: DNV GL predicts faster, leaner and cleaner oil and gas production techniques to emerge over the coming decades as the industry adapts to the unfolding energy transition. The technical advisor to the sector sees fossil fuel production needing to become more socially conscious and cost-competitive against an increasing share of renewables in the global energy mix in the coming decades. According to DNV GL’s 2018 Energy Transition Outlook, an independe...

Archer announces multi-year contract extension with major client in the UK

Archer Limited ("Archer" or the "Company") announces that it has secured a contract extension with a major operator for two more years. The contract extension is scheduled to commence 1st November 2018 and ensures continuity of platform drilling operations and maintenance management services on seven platforms located in the UK sector of the North Sea. This award represents the sixteenth contract extension and competitive re-tender award to Archer in the last four years for platform drilling...

Industry Bosses Say A Digital Makeover Will Improve Operational Risk And Process Safety Management

 Aberdeen, UK, 24th October, 2018 – Petrotechnics, the developer of Proscient - the hazardous industries’ first software platform for Operational Excellence, has released part two of its 2018 Operational Risk and Process Safety Management (PSM) report – suggesting a bright future as technology is expected to drive improvements in process safety and operational risk management (ORM). In part one, insights from more than 100 senior industry leaders revealed significant ar...

PD&MS secures further contract renewal with Chrysaor in North Sea

PD&MS Group has secured a contract renewal for up to two years with one of the UK’s leading independent E&P companies, Chrysaor, following successful delivery on the assets since they were purchased in 2017. The award will see the firm continuing to support all of the operator’s North Sea facilities, including the Lomond, Everest and Armada installations. The Aberdeen-headquartered business has carried out operations on the trio of assets since 2013, under the then-owne...
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