OGN Group launches new service
OGN Group has launched a new pipework division to deliver specialist fabrication services. The Tyneside engineering firm will deliver pipework, fabrication and installation from its facilities in Wallsend.
Aqaulis to carry out Mexican rig move
Offshore marine and engineering specialist Aqualis Offshore has been contracted by Perforadora Mexico to support with the transportation and installation of a platform rig offshore Mexico.
Plexus signs new China deal
Plexus Holdings has agreed a deal to catapult its technology into the Chinese marketplace. The company, which produces its proprietary POS-GRIP® friction-grip method of wellhead engineering, has reached a collaboration agreement with China Oilfield Services Limited to explore opportunities in shallow water subsea and crossover wellhead production systems for oil and gas field activities.
Europa Oil & Gas launches fundraising bid to fuel exploration plans
Europa Oil & Gas added £1.4million to its fundraising pot in a bid to sustain its future exploration plans. The firm issued 20,000,000 new ordinary shares as part of its strategy to secure funding to cover the start-up costs of its Wressle discovery.
Aberdeen first for Wings Energy Academy graduates
For oil and gas companies, ensuring staff are able to travel to vital projects is a necessary but expensive operation that every business wishes could be made simpler and cost less. Staff at Wings Travel Management’s Aberdeen office have undertaken an extensive course to help their clients become more efficient in deploying personnel around the globe. The five-strong team of travel specialists is among the first “energy champions” to graduate from the Wings Energy Academy, a unique 12-month educational programme, launched last year by the global oil and gas travel company. Split into four phases, the year-long programme focussed on four different roles in the industry – roughneck, derrick-hand, driller and rig manager. In addition to providing an overall view of industry, the course covered topics such as types of drilling platforms, rotational schedules and what life is like for a rig worker. The final stage required students to study one of their oil and gas clients in detail and identify ways in which Wings could enhance its travel management services to support the client’s business more efficiently.
Aiken Group expands
Aiken Group has announced a 9,000 sq.ft expansion of its Aberdeen headquarters to cope with increased business.
Premier gets North Sea drilling go-ahead
Premier Oil has been granted a drilling permit for a well in the southern North Sea by the Norwegian Petroleum Directorate.
EnerMech lifts £18m BP Baku crane deal
EnerMech has been awarded a 12-month extension of a five-year cranes and lifting contract by BP worth £18million.
Opinion: Lancashire shale battle won, war not over
Lancashire County Council has rejected two planning applications over the course of the last week for hydraulic fracturing (‘fracking’), on traffic, noise and visual impact grounds. One site was recommended for refusal on traffic grounds, but the other was recommended for approval and was turned down against Council Officers’ advice. This decision has generated the most interest of the two.
APR lands $30million deal in Egypt
PR Energy has signed a year-long, $30million contract to provide a gas turbine power plant in Egypt.
Opinion: ITF – EOR, the industry’s second wind
The majority of daily oil production in today’s market comes from mature or maturing oil fields. New discoveries of reserves are not matching the pace set by the growing global demand for energy. This emphasises the requirement for new technologies that can enhance recovery from both active fields and future discoveries.
Drought sees APR Energy agree 300MW Uruguay project
US power producer APR Energy has reached agreement with the Uruguayan state power company (UTE) for the continuation of its 300 megawatt power generation project until the end of 2015. APR Energy has been serving UTE since 2012, using its mobile gas turbine solution to provide bridging power, as the region deals with diminished hydroelectric power output resulting from a prolonged drought.
Ex-BP man joins Madagascar Oil board
Madagascar Oil has appointed Peter Godfrey as a non-executive director.
Tullow on firm footing after robust cost saving exercise
Tullow Oil is set for a strong second half of the year after taking steps to cut costs and re-set the business. Tullow reduced costs in its European operations – disposing of its stake in Dutch operated and non-operated interests whilst actively managing its equity position and exposure to drilling costs in Norway across a number of licences. Tullow no longer holds any operated licences in the UK or Netherlands.
Statoil revises Gullfaks development plan
Statoil has revealed it will utilise existing infrastructure to reduce the cost of recovery and improve profitability for its Gullfaks field. The company has submitted an amendment to its development and operations plan with the Norwegian Ministry of Petroleum and Energy. Statoil said phase one of the Shetland/Lista development is expected to add 18 million barrels of oil equivalent and increase the resilience of the area for continued operation of the Gullfaks platforms.
Gulfsands launches $22million financing bid
Gulfsands Petroleum must raise $22million as part of the firm's restructuring plan.
Roxi makes exploration gains in Central Asia
Kazakhstan focused oil and gas firm Roxi Petroleum has made a second find associated with its flagship BNG asset. Core samples and logging in the second well have revealed a potentially oil bearing interval starting from 4,536 meters and extending 100 meters. It’s located approximately eight kilometres from the first deep well and is being drilled by Sinopec, the Chinese multinational, at a fixed cost of $11 million.
EV Insights: Technology continues to progress
2015 has been a great year for techological innovation in the energy sector.