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Eco (Atlantic) Oil and Gas Ltd Announces Eco Spuds Joe-1 Well, Offshore Guyana

Eco (Atlantic) Oil and Gas Ltd Announces Eco Spuds Joe-1 Well, Offshore Guyana   Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, is pleased to announce that drilling of the Joe prospect has commenced offshore Guyana, the Company's second exploration well on the Orinduik Block. Joe-1 was spud at 14.45hrs (Local Guyana time) on 25 August 2019 using the Stena Forth drillship, which previously dr...

Petrofac wins UK North Sea contract

Petrofac wins UK North Sea contract   Petrofac, the UAE-linked international service provider to the oil and gas production and processing industry, has been awarded a contract by Hess, a leading independent energy company, for the well-plugging and abandonment of four wells within the Rubie and Renee oilfields in the Central sector of Britain’s North Sea. The wells lie offshore around 200 km north-east of Aberdeen. The wells, which were previously shut-in as part of an earli...

Neodrill Looks To The US And Mexico With Strategic Business Development Hire

Neodrill Looks To The US And Mexico With Strategic Business Development Hire   Today the innovators in pre-rig technology, Neodrill, announced it is bringing its Conductor Anchor Node(CAN®) technology to the US and Mexico. To support this, the role of business development manager for the region has been created. The position has been filled by Tony Smith, a business development expert with over 40 years of experience in the oil and gas sector. Beginning his career with Shell in...

Ten companies selected for Equinor’s Techstars Energy Accelerator 2019

Ten companies selected for Equinor’s Techstars Energy Accelerator 2019   Equinor today announced the second class of global start-up companies selected to participate in the Techstars Energy Accelerator. Three Norwegian companies participate in the programme. The ten start-up companies have been selected from hundreds of applicants across 42 countries. Through an intensive 13-week programme they will seek to accelerate their solution by tapping into a global network of expert...

Rystad Energy comments on TechnipFMC’s decision to split

Rystad Energy comments on TechnipFMC’s decision to split   On 26 August, TechnipFMC announced that after two and half years as a combined entity the firm will split in two: one company, temporarily referred to as “RemainCo”, will focus on upstream related activities, while “SpinCo” will focus on midstream and downstream related activities. Commenting on the announcement, Rystad Energy’s head of oilfield service research Audun Martinsen says: &...

SPE Aberdeen Focuses on Women in Energy

SPE Aberdeen Focuses on Women in Energy   The Society of Petroleum Engineers (SPE) Aberdeen Section has announced the launch of its first Women in Energy (WIN) Committee in order to promote gender diversity in the oil and gas industry. With a focus upon attracting, retaining and engaging women in the fields of Science, Technology, Engineering and Mathematics (STEM), the committee will officially launch, on September 4 at Offshore Europe with exclusive event attended by SPE Presiden...

Oil services firm TechnipFMC to split into two publicly traded companies

Oil services firm TechnipFMC to split into two publicly traded companies   Franco-American oil services firm TechnipFMC Plc said on Monday it would spin off its engineering and construction operations into a separate company, leaving it as a technology-focused equipment supplier to oil and gas companies. TechnipFMC, which had a market capitalization of $10.31 billion, said the new Paris-based company will deal with onshore and offshore oil and gas projects. The split is expected t...

Cuadrilla suspends fracking again after biggest tremor yet

Cuadrilla suspends fracking again after biggest tremor yet   The shale gas exploration firm Cuadrilla was forced to suspend fracking at its Lancashire site last week after it triggered the UK’s biggest fracking-related tremor yet. The company shut down operations at its Preston New Road site after the 1.55ML tremor was detected at 8.46pm, breaching the 0.5ML limit on seismic activity. The firm confirmed the ‘micro seismic event’ in a statement, comparing its st...

Suncor and Shell urge Canadian regulator to review contentious Enbridge pipeline plan

Suncor and Shell urge Canadian regulator to review contentious Enbridge pipeline plan   Two major oil companies have asked Canada’s energy regulator to urgently review Enbridge Inc’s  proposal to switch to fixed contracts on its Mainline pipeline system, arguing the changes would be an abuse of Enbridge’s market power. Suncor Energy Inc, Canada’s second-largest oil producer, and Shell Canada Ltd, a unit of Royal Dutch Shell PLC wrote to the National Ene...

TechnipFMC CEO comments on onshore, offshore spinoffs

TechnipFMC CEO comments on onshore, offshore spinoffs   During a conference call regarding the announced TechnipFMC split Monday afternoon, chairman of the board and CEO Douglas J. Pferdehirt said, “There are very few synergies between upstream and downstream. We are seeing the beginning of a shaping of our industry. We believe that what we are creating, others will follow. “ When you over-integrate, the customer can see you as greedy. We integrate where it clearly adds...

The World’s Top 10 Offshore Oil & Gas Projects

The World’s Top 10 Offshore Oil & Gas Projects   “Despite oil price downturns, the shale revolution and OPEC market share wars, offshore continues to thrive and has much to offer the future,” Audun Martinsen, head of oilfield services research at Rystad Energy, said in May, commenting on the independent energy research and consultancy’s findings that the offshore oil and gas sector has tremendous room for further growth.  Offshore exploration, gree...

DeltaTek makes a string of appointments and doubles premises

DeltaTek makes a string of appointments and doubles premises   DeltaTek is growing quickly – and it believes that a bit of creativity when it comes to recruitment is the key to its success. Following the appointment of Chris Johnstone as Operations Supervisor in autumn 2018, DeltaTek has gone on to make a number of hires in its Aberdeen head office including Lori Angus as Business Administrator, Jonas Taverne as Service Supervisor and Gerry Cantwell as Workshop Supervisor....

Plant Integrity Management: Outcome based contracts collaborating for success

Plant Integrity Management: Outcome based contracts collaborating for success   PIM believe outcome-based contracts will deliver fairer returns for all by driving innovation and subsequently improving bottom-line returns and positively impacting sustainability. Innovation is key to the health and development of any industry but especially to one such as the oil and gas  industry where reserves are increasingly harder to  locate and extract. Laura Johnston, Contracts Ma...

Blending innovation benefits to drive down intervention costs

Blending innovation benefits to drive down intervention costs By Keith Palmer, Executive Vice President at Expro   Pressure on the oil and gas well infrastructure continues to be challenged by ever-increasing global demand. In its World Oil Outlook 2018, OPEC predicts primary energy demand will increase by 33% to 2040, with oil remaining the fuel with the largest share in the energy mix (1). The intervention challenge It is therefore important that the industry looks for new...

MechLOK Drill Pipe Swivel™ - A Worldwide First

MechLOK Drill Pipe Swivel™ - A Worldwide First Interview with CEO, David Stephenson, Deep Casing Tools   Since 2008, Deep Casing Tools has been helping global oil and gas companies achieve exceptional results with its range of smart, simple and proven technologies that reduce time, cost and risk. Working in an industry which has traditionally focused on high-end products to suit high value , expensive wells, Deep Casing Tools has stuck by its philosophy of ‘simple i...

OE 2019 marks second anniversary for OGV Energy

OE 2019 marks second anniversary for OGV Energy   This year marks the second anniversary of OGV Energy Magazine which launched at Offshore Europe 2017. In the last two years, the magazine has grown to become the UK’s leading industry publication, establishing a position both locally and globally. OGV celebrates issue 24, two years on from the first issue launched at OE, Europe’s largest offshore conference. Due to business growth over the last 24 months, the company has...

Proserv: Communication is key to effective market intelligence

Proserv: Communication is key to effective market intelligence By Krisstopher Melvin, Market Analyst, Proserv believes collaboration can unlock a good set of data   Market intelligence plays an integral part in shaping the strategic direction of Proserv’s various business units. As a Market Analyst, it is part of my job to understand the macroeconomy, political changes and the overall direction of the energy industry. I know the sector is now cautiously looking to becom...

Women in industry: Beatriz Rodriguez, Vice President, Human Resources, Oilfield Equipment, BHGE

Women in industry: Beatriz Rodriguez, Vice President, Human Resources, Oilfield Equipment, BHGE   What was your first job in the industry? I joined the oil and gas industry in 2011 in one of the most strategic moments of the business for General Electric, at that time. This job was in Brazil, in Rio de Janeiro, and we had just acquired five companies to complement our portfolio, one of the biggest acquisition activities in the industry; I was the HR Integration Leader. I have alway...

Prodrill bolsters board to support growth and industry vision

Prodrill bolsters board to support growth and industry vision   Aberdeen headquartered Prodrill Energy Resource Solutions has expanded its board with the strategic appointment of a key director as the business aligns to support the oil and gas sector’s vision to 2035 and beyond. Drew Alexander, who has been working within the management team for seven years, has moved up to client relationship director with the business, which specialises in supplying personnel upstream energ...

Tips from the top - Proactive Business Development

Tips from the top - Proactive Business Development Business Development expert, Quintin Milne   People often ask what the secret is to successful business development? The truth is, there is no secret. Successful business development starts with being proactive – something that sounds simple but in reality is very effective. Proactive business development is a mindset and starts with the right attitude. Anyone can be proactive but to achieve results they must be driven to su...
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