Video: LEGO ends contract with Shell
Danish toy giant Lego has decided not to renew its commercial relationship with oil giant Shell following a targeted campaign by Greenpeace about its Arctic drilling plans.
Enegi makes oil discovery in North Sea well
Independent explorer Enegi has discovered oil bearing sands at one of its wells in the Central North Sea. The company said the find was contained in a simple four way dip structure at the 22/12a-12 appraisal well at its Phoenix discovery.
Aberdeen-based Xodus Group launches new subsea company
Energy consultancy Xodus Group has signed a partnership deal with Saipem of Italy and Chiyoda of Japan to launch a subsea engineering company. Xodus subsea will provide studies, engineering and consultancy services which will focus mainly on the early phase of the projects, such as front end engineering, coneptual studies and basic design.
Fracking puppet protests at Holyrood
Environmental action group Friends of the Earth presented a 10foot pro-fracking puppet named Mr Frackhead at the Scottish Parliament. The puppet made the stop on his tour of the UK looking for places to frack for shale gas and posed for pictures at places including Holyrood and Arthurs Seat.
ITF looks to latest technological innovations at DOT
The Industry Technology Facilitator (ITF) will be giving technology developers a platform at Deepsea Offshore Technology (DOT) International to showcase their newest innovations. A technology pavilion will take place with companies able to show off new deep water technologies.
Centre looks to target the next generation of engineers
The next generation of scientists and engineers could be encouraged and nurtured at a new centre in Aberdeen. Technology company 3M has opened a Customer Engagement Centre (CEC) in Altens which has been created to help develop innovative ideas across the oil and gas sector.
Atlantic Gulf and Pacific Company wins Russian gas contract
A major contract has been awarded to Philippines fabricator Atlantic Gulf and Pacific Company (AG&P) to build process modules for one of the world's largest LNG projects in Russia. The company will carry out work on the Yamal liquefied natural gas(LNG) project and is based in the estuary of the Ob River which is ice-bound nine months of the year.
Australian government approves pipeline environmental impact assessment
Gas explorer Arrow Energy has been given approval by the Austrailian government for its environmental impact assessment. The company’s proposal for the central Queensland pipeline, which is expected to be about 500km long, will take coal seam gas (CSG) from Moranbah in the Bowen Basin to Gladstone.
Shell produces first oil on Malaysian platform
Oil giant Shell has produced its first oil from the Gumusut-Kakap floating platform off the coast of Malaysia. It is the latest in a series of Shell deep-water contracts and the platform is expected to reach an annual production of around 135,000 barrels per day (bpd) once fully ramped up.
Keppel offshore wins contracts worth $153million
Singapore’s rig constructor Keppel Offshore and Marine has secured contracts from repeat customer worth $153million. The contracts have been awarded to two of the company’s subsidiaries Keppel Shipyard and Keppel Nantong Shipyard.
Platform evacuated over cargo fears
Oil workers had to be evacuated from a platform in the North Sea after a cargo vessel carrying radioactive waste began drifting towards it. The Denmark-registered Parida, which was carrying a cargo of radioactive concrete waste from Scrabster to Antwerp, lost engine power after a fire broke out in one of her funnels at about 8pm on Monday.
Employee owned oil and gas firm surpasses turnover target
The Hydrocarbon accounting firm Accord Energy solutions has exceeded its five year financial target of £5million, its directors have announced. The Aberdeen-based company has already amassed a turnover of £6million after it was founded in 2010.
Oil and gas explorer drills 15th new well in South America
Oil and gas explorer Amerisur Resources has drilled its 15th new well in the Plantillo field in Colombia. The well has confirmed the potential for T sand production, with the South American company placing production at 400 BOPD (barrels of oil per day).
European Commission in U-turn over oil sands
The European Union has abandoned a plan to label oil sands as highly polluting. A directive from the EU’s Fuel Quality Directive had planned to force energy suppliers to reduce the carbon intensity of their products.
Work on BP’s Quad 204 aided by weather system
Engineering and construction company Technip has been using buoy in its largest North Sea project to plan operations more effectively around harsh weather. The Fugro SEAWATCH Wavescan buoy has led to improved safety at BP’s Quad 204 project, which is just West of Shetland.
FMC Technologies win $280million contract in Norwegian Sea
German oil and gas producer Wintershall has awarded FMC Technologies its first subsea contract for the Maria development in the North Sea. The contract is worth $280 million and will be completed by FMCs subsidiary FMC Kongsberg Subsea AS.
Infographic: Decommissioning in North Sea will cost £10billion in next eight years
The cost for operators to decommission rigs in the North Sea is expected to cost around £10 billion in the next eight years. Acteon company, Claxton, has created an infographic showing all the costs involved with decommissioning in the region.
RAK Petroleum to offer shares on the Norwegian stock exchange
The United Arab Emirates(UAE) based company RAK Petroleum plans to launch an initial public offering in Norway by the end of the year. RAK Petroleum said the decision to list followed a fifth year of increasing profits which included AED (United Arab Emirates Dirham) 58.1 million in 2013.
Cairn Energy makes new oil discovery
Scottish oil firm Cairn Energy has discovered oil and its FAN-1 exploration well in Senegal, the company has announced. The well, which is 100 kilmoetres offshore in the Sangomar Deep block and was targeting multiple stacked deepwater fans.
Stone Energy secures record rig for drilling in the Gulf of Mexico
US-based Stone Energy has secured a rig for a multi-year deep water drilling program in the Gulf of Mexico. The primary contract term for the ENSCO 8503 drilling rig will be for 30 months and is expected to commence during the second quarter of 2015.
CNRI award contract for decommissioning of platform
Heerema-AF Consortium has been awarded a contract to assist with the decommissioning of a North Sea platform. CNR International (CNRI) have signed a contract with the company for the removal and disposal of the Murchison platform.
Midstates Petroleum sells $90million of assets to private buyer
US-based Midstates Petroleum Company has sold assets in the Gulf Coast worth $90 million to a private buyer, the company has announced. It has sold its Dequincy assets, which includes the 20 mile El Grande pipeline which the company constructed and owned.
Dubai-based Dragon Oil proposes £492million offer for Petroceltic
Dubai-based explorer Dragon Oil has proposed a £492 million cash offer to Petroceltic International to add exploration and output in North Africa and Kurdistan. The Board of Petroceltic said it was in discussions with the company, who have proposed a £2.30 offer per share.
Chevron sells shale stake for billion dollar sum
Chevron will sell a 30% stake in one if its ventures to produce oil and natural gas in North America to the Kuwait Foreign Petroleum Co for $1.5 billion. The agreement will create a partnership for the appraisal and development of liquids-rich shale resources in an area of 330,000 acres in the Kaybob area of the Duvernay.
Shrimp numbers rise after BP Gulf spill
The numbers of Shrimps in the waters off the Gulf of Mexico was found to have increased after the 2010 BP Deepwater Horizon oil spill, according to new research. Scientists at George Mason University in Virginia found the numbers of brown and white shrimp actually rose following the disaster.