Australian explorer Oilex has announced significant progress at its Cambay Field in India. The company said the hydrocarbon liquid to gas ratio (LGR) found during flowback at the Cambay Field was an estimated 250% higher than expected. During flowback it has been 100 bbls (oil barrels) of liquids per MMscfd (Million Standard Cubi Feet Per Day) of gas.
Oil and gas students have one final chance to enter into an industry wide competition and meet Scottish Energy Minister Fergus Ewing and more than 150 senior representative from across the industry. In the run up to skills week Opito has been engaging with people across the industry by giving them the chance to submit a photo with the caption #Iamoilandgas when posting a photo on Facebook or Twitter.
The new managing director of Opito said there are “significant parallels” between the RAF and the oil and gas industry.
Philippe Sauquet has been appointed as the new president of refining and chemicals with Total, following Patrick Poyanne’s promotion to chief executive officer. His appointment follows the death of Total boss Christophe de Margerie earlier this month in Russia.
Eni has announced its third quarter results alongside the discovery of up to one million barrels of oil in the Congo. The company posted its third quarter results, which showed net profit of €1.71billion was down by 57% since the same time last year.
Cairn Energy confirmed a strong financial position as it prepares to carry out work in the North Sea. Group cash for the year so far has tallied up to $953million. The firm also confirmed it was fully funded to a free cash flow for the next two years. The firm's Catcher and Kraken development in the UK North Sea are poised for first oil in 2016 and 2017, according to the firm.
North American Petroleum (NAP) has seen production from its Shoats Creek Project increase by a third. The company holds a 35% interest in the area alongside Northcote Energy with 35% and Springer Oil and Gas with 30%.
Norwegian oil, gas and renewables engineering and construction firm Aibel is set to cut 300 jobs. The company said the employees in Stavanger, Oslo, Haugesund and Stjordal would be affected by the move.
Oil giant Shell is set to bring its production from the Brent Alpha and Bravo platforms in the North Sea to an end. The company, which has more than 35 years of oil and gas productions on the platforms, will call time on it this weekend.
Roc Oil Company (ROC) has announced its third quarter results with production dropping by 6% following platform shutdowns. The company recently announced it would be taken over by Fosun International in a $441million deal.
Floating production ship contractors BW Offshore have been given a two year contract extension for the lease of their vessel the Berge Helene. The deal with PETRONAS Carigali Mauritania 1 will now end in 2017, rather than the second quarter of 2015.
UK Oil and Gas (UKOG) has submitted a bid for a 200km area covering the Southern part of the Isle of Wight as part of the UK 14th landward licence round. The company said its board had drawn the first $1million of a new $10million unsecured debt facility to submit its application.
Technip has been awarded a substantial contract by Chevron Indonesia for the Bangka development. The French energy company will provide a range of services including procurement, construction, installation and commissioning.
Oil major Chevron will invest an estimated $6billion in the development of the Hess Corporation operated Stampede project in the Gulf of Mexico. The company’s subsidiary, Union Oil Company of California (Union), will run the deepwater subsea development which will be tied back to a newly constructed Tension Leg platform.
Collaboration by North Sea states will help tackle Europe’s carbon emissions, an international gathering of CCS (Carbon Capture and Storage) emission experts will hear. The SCCS (Scottish Carbon and Capture Storage) annual conference will tell politicians, industry experts and academics that the combined efforts of the industry could see hundreds of years’ worth of Europe’s carbon emissions stored.
Australian explorer Roc Oil has appointed a new non-executive director to its board as a nominee of Transcendent Resources Limited (Fosun). Bin Zhao will become a board member of the wholly-owned subsidiary, after approval of the Fosun offer was made earlier this month.
Power systems company Rolls-Royce has been awarded a £24million subsea contract for work in Norway. It will supply a module handling system to the subsea construction vessel Aker Wayfarer, which was built in 2010.
A letter obtained by an environmental campaign group from Shell to the US government shows the oil major asked for a five-year extension to its drilling leases in the Arctic waters. The company wrote a letter in July to the Bureau of Safety and Environmental Enforcement to ask for more time to discover oil in waters North of Alaska.
Aberdeen-based PIM (Plant Integrity Management) has landed a contract from Maersk Oil Qatar for its PSV (Pressure Safety Valve) software in the Al Shaheen field. The company has helped deliver PSV management and consultancy systems on 33 platforms in the region.
Swedish oil and gas explorer Lundin Petroleum has begun drilling of well 25/10-12S in the Kopervik Prospect. The well will investigate the hydrocarbon potential of the Kopervik Prospect in PL25, which is located 175km west of Haugesund on the Norwegian coast.
Statoil has marked its 500th delivery of cargo from its Snovhit offshore development in the Barents Sea. The Arctic Voyager will carry a cargo of LNG (Liquified Natural Gas) from Melkoya to Aliaga in Turkey.
GDF Suez has opened its new flagship Aberdeen office with the announcement of a £20,000 investment in art projects within the North-east. The company’s new offices have opened less than a week after it made a joint announcement with BP regarding the latest discovery in the North Sea.
Multinational energy corporation Petrobas has made an oil discovery at an exploration well in the giant Libra prospect. The well is the first drilled by the consortium, which won the right to explore and develop the area.
Salamander Energy could become involved in a bidding war after being approached by Ophir Energy and a consortium led by Compania Espanola de Petroleos (CEPSA) and Jynwel Capital. The company said it was currently in talked with both Ophir and the CEPSA Consortium regarding their respective proposals.
Ophir Energy has struck a deal with Niko Resources to acquire interests in seven deepwater Production Sharing Contracts (PSCs) in Indonesia. The $31.3million deal means six of the PSCs will be operated by the company, with further payments depending on exploration success.