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Sphera Signs Agreement to Acquire thinkstep, a Prominent Sustainability & Product Stewardship Software Company

Sphera Signs Agreement to Acquire thinkstep, a Prominent Sustainability & Product Stewardship Software Company   CHICAGO, IL (July 31, 2019) – Sphera, a global provider of Integrated Risk Management software and information services with a focus on Environmental Health & Safety, Operational Risk and Product Stewardship, announces it has entered into an agreement to acquire thinkstep, a Stuttgart, Germany-based software and consulting services company that specializes in...

Oil Climbs as Iran Tensions Linger While U.S. Stockpiles Decline

Oil Climbs as Iran Tensions Linger While U.S. Stockpiles Decline   Oil extended its longest rally in three weeks as lingering Iran tensions stoke concerns over the stability of Middle East energy flows, while U.S. crude stockpiles continue to tighten. Futures rose as much as 0.8% in New York after gaining 3.9% in the past four sessions. Iran has reached a deal with Russia to hold a joint military drill in the Indian Ocean by March 2020, semi-official Fars News reported, citing the...

Worleyparsons announces new BP contract

Worleyparsons announces new BP contract   Earlier today, Worleyparsons Limited announced that the company has been awarded a contract from BP. The Worleyparsons share price has since lifted slightly (0.62%) to $16.11 at time of writing. What was in the announcement? Worley announced that the company has been awarded a contract from BP for the hook-up and commissioning integration services of BP’s Mad Dog Phase 2 project and Argos deep-water platform. Under the contract, Wo...

OGV Energy Offshore Europe Pavilion and Bar Crawl

OGV Energy Offshore Europe Pavilion and Bar Crawl   OGV Energy will be returning to Offshore Europe 2019 for the full event, from the 3rd-6th September. Offshore Europe is internationally recognised as the leading Exploration and Production event as well as the largest Oil and Gas Exhibition and Conference event in Europe.  OGV Energy will be attending the event at the brand-new venue, The Event Complex Aberdeen (TECA), with a pavilion located in a prime position within Hall 1...

Well engineering firm bolsters team as business grows globally

Well engineering firm bolsters team as business grows globally   An Aberdeen headquartered well engineering and project management firm has started to build its team as work continues to grow in global markets. Zenith Energy, based in the city’s Bon Accord Square with a second office in Australia, has made five key appointments to support contract delivery in Australia, Morocco and the UK. The company provides specialist expertise for the complete well life cycle from the...

Employment is shifting from shale to offshore

Employment is shifting from shale to offshore   Rystad Energy has analyzed the oilfield service industry sectors with the highest percent change of employment, and found that the main driver of employment is shifting from shale to offshore. Increased activity in onshore shale basins such as the Permian in the US held employment in the oilfield service industry steady from 2016 to 2017. However, the offshore industry has now taken the lead, gradually increasing the overall head...

3D Oil secures VIC/P74 permit offshore Gippsland Basin

3D Oil secures VIC/P74 permit offshore Gippsland Basin   3D Oil announced that the National Offshore Petroleum Title Administrator (NOPTA) has awarded the company the VIC/P74 permit in the offshore Gippsland Basin. The permit spanning 1,006 km2 is located on the southern side of the Gippsland Basin, adjacent to the giant Kingfish Oil Field. The Kingfish Field marks the largest oil field to be discovered in Australia and has produced more than one billion barrels of oil till date...

BP: Second quarter and half year 2019

BP: Second quarter and half year 2019   BP is reporting strong earnings, reliable performance and disciplined growth for the second quarter, along with growth in its lower carbon businesses. The full earnings report can be found here.   Source: BP

The OGV Energy Job Board is now up and running

The OGV Energy Job Board is now up and running   The OGV Energy job board, communicating the latest job vacancies within the Energy sector from around the world. The OGV’s energy job board is updated weekly to ensure relevant career searches for candidates seeking a career in the oil, gas and energy industry. The OGV energy job board is integrated with the website and benefits greatly from the substantial monthly traffic that comes through the OGV Energy site, ensuring a stro...

SSE Renewables opens £2.5bn Beatrice offshore wind farm in Scotland

SSE Renewables opens £2.5bn Beatrice offshore wind farm in Scotland   SSE Renewables has officially opened the £2.5bn Beatrice offshore windfarm situated in the North Sea, 13km off the coast of Caithness in Scotland. Beatrice is Scotland’s largest offshore windfarm which features 84 turbines. It can generate 588MW clean electricity that is enough to power nearly 450,000 homes in the region. It was developed by SSE (40%) in partnership with Copenhagen Infrastruc...

Neptune Energy to acquire interests in German fields from Wintershall Dea

Neptune Energy to acquire interests in German fields from Wintershall Dea   Neptune Energy has agreed to acquire interests in certain oil and gas fields in Emsland and the Grafschaft Bentheim region in Germany from Wintershall Dea. The agreement will increase Neptune’s existing interest in the Bramberge, Meppen and Annaveen oilfields, located in the Emsland region and in various gas fields in the Grafschaft Bentheim region, adding approximately 6001 boe of daily net production t...

Prestigious Award For Innovative Well Intervention Technologies

Prestigious Award For Innovative Well Intervention Technologies   The Intervention & Coiled Tubing Association (ICoTA)’s European Chapter is currently seeking entries for the coveted ICoTA Innovation Award.  With the organisation now in its 25th year, ICoTA Europe annually celebrates excellence in the well intervention industry with this prestigious prize. The award recognises a service company or Operator who has pushed the boundaries of well intervention and coiled...

New Chairperson appointed by EI Aberdeen, Highlands & Islands

New Chairperson appointed by EI Aberdeen, Highlands & Islands   A new Chairperson is to take over at the helm of the Aberdeen, Highlands & Islands branch of the Energy Institute (EI), it was announced today. Rebecca Allison FEI succeeds Laurie Mackay CEng FEI following the branch AGM on Tuesday, July 23rd. She is part of the leadership team at the Oil and Gas Technology Centre (OGTC), and will be the first woman to hold the EI position. Aberdeen, Highlands & Islands...

WoodMac: APAC renewables to outcompete coal within eight years

WoodMac: APAC renewables to outcompete coal within eight years   Indian and Australian solar will spearhead a grid parity shift set to take hold of Asia-Pacific renewables within less than a decade, according to Wood Mackenzie. Renewables’ levelised cost of energy (LCOEs) across the region’s top 12 markets remains 29% higher than coal-fired power but the gap will vanish by 2027, the firm predicted on Monday. By 2030, the new analysis estimated, solar and wind will ac...

Aker BP gets consent for exploration drilling in the North Sea

Aker BP gets consent for exploration drilling in the North Sea   The Petroleum Safety Authority Norway has given Aker BP consent for exploration drilling in block 25/4 in the North Sea. The wells 25/4-14 S and 25/4-14 A belong to production licence 203, for which Aker BP is the operator. These are appraisal wells and will be drilled in the area east of the Alvheim field in the North Sea. The geographical coordinates for the wells are: 59° 34′ 21.4131″ N 02...

Senior management appointments at Nucore Group as the business goes from strength-to-strength

Senior management appointments at Nucore Group as the business goes from strength-to-strength   Nucore Group, based in Aberdeen, is pleased to announce the appointment of two new directors to the business, CFO for Nucore Group and Services Director for Oteac Ltd with immediate effect. Operating internationally Nucore Group brings together the knowledge, expertise and best practice to deliver innovative engineering for protecting people and assets. The group supports the oil and gas, m...

Middle East Contract Hattrick for N-Sea

Middle East Contract Hattrick for N-Sea   N-Sea, a leading IMR subsea services provider, has announced the award of three contracts in the Middle East with a combined value close to 15million USD. The first of the three projects saw N-Sea complete a pipeline repair and pigging campaign, utilising air diving and ROV techniques in June, 2019. Mobilising later this year, a second air diving campaign is due to commence on a demolition project in Abu Dhabi with an on-going saturation di...

Eni drills well offshore Angola

Eni drills well offshore Angola   Eni has successfully drilled Agogo-2, the first appraisal well of the Agogo discovery in Block 15/06, offshore Angola. The well results confirm the 650 million barrels of oil in place at the Agogo field and indicate further upside in its northern sector that will be assessed with new appraisal wells. Agogo-2 has been drilled by the Poseidon drillship, 3 kilometres north-west of the Agogo-1 discovery well, approximately 180 kilometres from the coast...

Ocean Monarch Mobilises to Otway

Ocean Monarch Mobilises to Otway   Australian upstream oil and gas exploration and production company Cooper Energy announced the semi-submersible drilling rig Ocean Monarch, operated by Diamond Offshore, has commenced mobilisation from the Gippsland Basin to the Otway Basin where it is to drill 2 offshore gas exploration wells. According to a press release, the wells, Annie-1 and Elanora-1, will be the first offshore gas exploration wells drilled in the Otway Basin in seven years....

Eni to offload stakes in offshore Indonesian blocks to Neptune Energy

Eni to offload stakes in offshore Indonesian blocks to Neptune Energy   Eni has agreed to offload a stake of 20% in the East Sepinggan area and 30% stake in the East Ganal production sharing contract (PSC), both located offshore Indonesia to Neptune Energy for an undisclosed price. The Italian oil and gas company, which is undertaking the deal through its subsidiary Eni East Sepinggan, will continue to be the operator of the East Sepinggan area located off the coast of East Kaliman...
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