Neptune Energy has announced ambitious targets to reduce carbon and methane intensity by 2030 from the managed production of its portfolio.

The company is targeting carbon intensity of 6kg CO2/boe by 2030, which represents a 60% reduction from forecast levels if no action was taken – and well below the industry average of 18kg CO2/boe.

To achieve this, the company will build on its experience of capturing and storing CO2 gained through long-established projects in Norway and the Netherlands and progress with the PosHYdon project to generate offshore hydrogen via its operated Q13a platform in the Dutch North Sea. It will also reduce flaring and venting, and replace operational equipment with new and more efficient technologies. Read more…

 

 

Jose Luis Muñoz has taken up the position of chief executive officer at Repsol Sinopec Resources UK Limited, effective as of 1 April 2020.

Mr Muñoz replaces Bill Dunnett, who had been in the post since 2015 and who steps down as planned following the end of his contract on 31 March.

Jose Luis Muñoz joined Repsol in 2005 and has most recently been managing director of Repsol’s UK business unit, based in Aberdeen. During that time he has also served as a member of the joint venture’s ExCom, supporting the business’s recent transformation.

Muñoz said: “I am very pleased to be taking up the position of CEO. We are facing significantly more challenging conditions today, of course, than when my appointment was confirmed earlier this year. My first priority will be to ensure the continued health and safety of all Repsol Sinopec personnel, and of the many contractors who support our operations.” Read more…

 

It is imperative that workers involved in the energy industry are supported in their efforts to keep operations running. These are the personnel who will keep the lights on in homes across the country and heating in the homes of those who really need it.

According to Jules Rawles, Director at specialist medical support company SSI Energy, there are three core ways companies can help mitigate the effects of Covid-19 for their offshore personnel:

#1 Implement Robust Screening Measures

#2 Covid-19 Rapid Testing

#3 Strategic Advice

Read the full article on the SSI Energy website for more information about Covid-19 screening, testing and advice.

 

Teekay Corporation has entered into a new bareboat charter contract with Foinaven operator Britoil Limited (a subsidiary of BP p.l.c.), for the Petrojarl Foinaven floating production, storage and offloading (FPSO) vessel.

Covering up to approximately ten years, the contract will see Teekay receive an upfront payment of approximately $67 million, a nominal per day rate over the life of the contract, and a lump sum payment at the end of the period, which is expected to cover the costs of recycling the FPSO unit in accordance with the EU Ship Recycling Regulations.

As part of the transaction Teekay Offshore Partners, now known as Altera Infrastructure, will also provide operations and shuttle tanker services for the Foinaven FPSO. Read more…

 

Subsea and offshore solutions provider Unique Group has signed an exclusive rental agreement with UK-based OTAQ Offshore to represent OTAQ’s technology and products across the Middle East, APAC and the Americas.

Providing underwater leak detection systems, laser measurement and video processing technologies, OTAQ Group supports the offshore energy, aquaculture, commercial diving, defence and oceanographic industries worldwide.

The agreement will see Unique Group represent a number of industry-renowned technologies, including the OceanSENSE and DragonFish solutions, as well as OTAQ’s Eagle IP range of ethernet underwater HD cameras and IP integration infrastructure products. Read more…

 

Integrated materials and logistics management company ASCO has acquired NORM Solutions, a provider of specialist cleaning, treatment and disposal services for oilfield equipment contaminated with Naturally Occurring Radioactive Materials (NORM).

The acquisition reflects ASCO’s overall strategy to continually strengthen its specialist waste and decommissioning capabilities and provide its client base with a wider and fully integrated service.

Established in 2012, and originally a joint venture between ASCO and John Lawrie Group, NORM Solutions will continue to operate from its state-of-the-art facility in Aberdeen, which has the capability to handle all types of NORM-contaminated equipment and waste streams for the on and offshore industries. Read more…

 

Energy consultancy Xodus Group has recorded a major increase in the provision of services related to subsea power cables over the last twelve months.

New assignments grew by more than 50%, resulting in more than 70 active work streams in 2019. This allowed the company to increase its number of specialists in this area, and it now employs more 30 permanent staff with subsea cables experience.

Xodus’ IMR team has seen a major increase in supporting subsea transmission owners in updating risk assessments for subsea power cables from early stage project bidding through operations. This is in response to ever-evolving hazards, such as fishing, shipping and seabed mobility, through to business decisions related to repair strategies, procedures and cost modelling. Read more…

 

Neptune Energy has announced a hydrocarbon discovery at the Isabella exploration well in the central North Sea.

The 30/12d-11 well in UK licence P.1820, was drilled by the Noble Sam Hartley jack-up to a total depth of 5,557 metres in water depths of 80m. Hydrocarbons were encountered in Upper Jurassic and Triassic sandstone reservoirs, with 64m net pay encountered, consisting of lean gas and condensate and high-quality light oil.

The results of the well will be analysed to further evaluate the discovery, determine future appraisal activity and recoverable resources estimates. Read more…

 

Tailwind Energy is working towards committing to development of the Evelyn field located in the central North Sea. The first phase of development will consist of a single-well subsea tie-back to the Triton FPSO, with first oil expected by the end of 2022.

Prior to a full field development decision, Tailwind has prepared and submitted an Environmental Statement to the Secretary of State for Business, Energy and Industrial Strategy (BEIS). A public consultation on the plans is now underway.

Tailwind will make a final investment decision on the Evelyn field in 2020, conditional upon the approval of the Statement. Read more…

 

Independent oil and gas producer Rockrose Energy has announced that the first of two infill development wells at West Brae has been completed and is delivering in line with expectations.

Following completion of this well, the Noble Houston Colbert jack-up drilling rig spudded the second planned well at West Brae on 9 March. Designated WPGZ and WPOZ, the wells are designed to access over 3 million bbls of net 2P reserves and add net production of 2,500 bpd.

The two infill wells form part of a wider programme of planned activity, covering seven wells over the course of 2020. The programme is aimed at enhancing production by over 8,500 boepd (net) this year and next, as Rockrose seeks to convert 2C resources to 2P reserves and deliver extended field life. Read more…

 

Neptune Energy has announced that Alexandra Thomas has joined the company as UK managing director, based in Aberdeen.

Alexandra joins Neptune from Tullow Oil, where she most recently held the position of Head of Exploration, Development and Commercial for Ghana. With 18 years’ experience in the oil and gas sector, she has held a number of senior leadership roles in the UK, Netherlands, Norway and, most recently, in Ghana where she was responsible for both new venture exploration and development. Read more…

 

OPEX Group has joined forces with global research and consultancy firm Wood Mackenzie to launch a new data service for the oil and gas industry.

Developed in partnership between the two companies, the Operations DataHub™ enables operators to securely pool and gain insight from operations data from multiple assets across the UKCS basin, with the aim of learning from each other and sharing best practice to make more informed decisions, reduce costs and optimise operational performance. Read more…

 

Babcock’s Offshore business has secured a new five-year shared contract with three oil and gas operators for helicopter transport in the northern North Sea.

The contract will initially see Babcock operate over 100 helicopter flights each month from Sumburgh in Shetland, on behalf of CNR International, EnQuest and TAQA. Flights are expected to begin on 1 July 2020. Read more…

 

Montrose Port Authority has recently appointed Graeme Nimmo, former Ship’s Agency Manager for Seletar Shipping, as its new Chief Operating Officer.

Supporting CEO Tom Hutchison, Graeme brings a wealth of experience to his role overseeing the daily operations across the 59-acre port site, which includes the arrival of over 600 vessels each year, the transfer of goods across the quayside and management of leaseholders onshore.

Montrose Port has an established reputation for servicing the oil and gas industry along with general cargo, as well as recently becoming the operations and maintenance base for the Seagreen wind farm. As a Trust port, all profits are reinvested back into Montrose Port, and since 2011 it has invested over £22 million in quayside developments on both the south and north side. Read more…

 

Underwater inspection provider Welaptega has delivered on contracts to support two energy supermajors in West Africa, after establishing a strategic partnership with engineering and training organisation STAT-Marine Nigeria Ltd.

The awards saw the Ashtead Technology-owned business inspect the mooring systems on two floating production storage and offloading (FPSO) vessels for ExxonMobil and ENI in Nigerian waters. Welaptega undertook inspection services on ENI’s Abo FPSO, on the western edge of the Niger Delta, at water depths of 550-1,100m. It also inspected moorings on ExxonMobil’s Usan FPSO in the Gulf of Guinea at depths of up to 850m. Read more…

 

International energy consultancy Xodus Group has published new analysis on the future of gas in the context of rising global energy demand.

In contrast to some future energy scenarios, Xodus believes worldwide energy consumption will continue to increase, driven by economic growth in developing countries, and that approximately half of that demand will need to be fulfilled by natural gas.

Read the report here.

 

Asset integrity, operational support and engineering services provider Codex Integrity has moved to larger offices in Aberdeen’s Queen’s Gardens following growing demand and contract wins in excess of £1 million.

As Codex celebrates its 10-year anniversary, the company continues to provide support to UK and global oil and gas operators. Services include integrity and maintenance management frameworks, risk-based assessments, anomaly risk prioritisation, day-to-day operational integrity support, independent design reviews, and asset life extension studies for offshore facilities.

Codex boasts a team of highly experienced engineers, many with over 30 years of North Sea experience and a vast breadth of knowledge of upstream integrity and maintenance. Read more…

 

Digital twin solutions provider R2S will benefit from the experience of Joe Little joining its senior advisory team, supporting continued growth and new sector diversification.

Joe joins James Fisher AIS as an advisor with a focus on the R2S digital twin solution.  This follows 30 years working directly with BP and other leading FTSE 100 organisations, bringing sector specialisms and experience in educating senior leaders on the likely impact of disruptive new technologies.

He has led several waves of technology evangelisation such as immersive technology (virtual worlds, gamification, VR/AR, remote operations, digital twins), satellite and robotics as well as research into Industry 4.0 and the future of the airport. Read more…

 

Global materials and logistics manager ASCO has been awarded a five-year contract extension by CNOOC Petroleum Europe Limited to support all the operator’s North Sea assets.

The contract, worth in excess of £100 million, will see ASCO continue to provide a fully managed and integrated, logistics, materials management, waste and marine gas oil supply service. ASCO has supported CNOOC Petroleum Europe Limited’s assets since 2006, and this new contract will enable the provision of continuous support across the asset lifecycle, with options for a further extension of six years.

The service will be predominantly delivered from ASCO’s Peterhead supply base, with support from Aberdeen and Scrabster. Read more…

 

A busy 2020 has seen data science company OPEX Group secure several new agreements for its X-PAS predictive analytics service and bolster its team with 10 new members of staff.

Responding to increased demand for its services, the roles are spread across the business, from data analysts and data scientists, to software developers and oil and gas domain experts.

OPEX has also committed to investing a further £750,000 in research and development of new technology over the next 12 months, with several new service offerings in the pipeline. Read more…

 

Neptune Energy announces carbon and methane intensity reduction targets

Neptune Energy has announced ambitious targets to reduce carbon and methane intensity by 2030 from the managed production of its portfolio.

The company is targeting carbon intensity of 6kg CO2/boe by 2030, which represents a 60% reduction from forecast levels if no action was taken – and well below the industry average of 18kg CO2/boe.

To achieve this, the company will build on its experience of capturing and storing CO2 gained through long-established projects in Norway and the Netherlands and progress with the PosHYdon project to generate offshore hydrogen via its operated Q13a platform in the Dutch North Sea. It will also reduce flaring and venting, and replace operational equipment with new and more efficient technologies. Read more…

 

 

Repsol Sinopec Resources appoints new CEO

Jose Luis Muñoz has taken up the position of chief executive officer at Repsol Sinopec Resources UK Limited, effective as of 1 April 2020.

Mr Muñoz replaces Bill Dunnett, who had been in the post since 2015 and who steps down as planned following the end of his contract on 31 March.

Jose Luis Muñoz joined Repsol in 2005 and has most recently been managing director of Repsol’s UK business unit, based in Aberdeen. During that time he has also served as a member of the joint venture’s ExCom, supporting the business’s recent transformation.

Muñoz said: “I am very pleased to be taking up the position of CEO. We are facing significantly more challenging conditions today, of course, than when my appointment was confirmed earlier this year. My first priority will be to ensure the continued health and safety of all Repsol Sinopec personnel, and of the many contractors who support our operations.” Read more…

 

SSI Energy offers protection advice for Covid-19

It is imperative that workers involved in the energy industry are supported in their efforts to keep operations running. These are the personnel who will keep the lights on in homes across the country and heating in the homes of those who really need it.

According to Jules Rawles, Director at specialist medical support company SSI Energy, there are three core ways companies can help mitigate the effects of Covid-19 for their offshore personnel:

#1 Implement Robust Screening Measures

#2 Covid-19 Rapid Testing

#3 Strategic Advice

Read the full article on the SSI Energy website for more information about Covid-19 screening, testing and advice.

 

Teekay wins Foinaven bareboat contract

Teekay Corporation has entered into a new bareboat charter contract with Foinaven operator Britoil Limited (a subsidiary of BP p.l.c.), for the Petrojarl Foinaven floating production, storage and offloading (FPSO) vessel.

Covering up to approximately ten years, the contract will see Teekay receive an upfront payment of approximately $67 million, a nominal per day rate over the life of the contract, and a lump sum payment at the end of the period, which is expected to cover the costs of recycling the FPSO unit in accordance with the EU Ship Recycling Regulations.

As part of the transaction Teekay Offshore Partners, now known as Altera Infrastructure, will also provide operations and shuttle tanker services for the Foinaven FPSO. Read more…

 

Unique Group signs exclusive agreement with OTAQ Offshore

Subsea and offshore solutions provider Unique Group has signed an exclusive rental agreement with UK-based OTAQ Offshore to represent OTAQ’s technology and products across the Middle East, APAC and the Americas.

Providing underwater leak detection systems, laser measurement and video processing technologies, OTAQ Group supports the offshore energy, aquaculture, commercial diving, defence and oceanographic industries worldwide.

The agreement will see Unique Group represent a number of industry-renowned technologies, including the OceanSENSE and DragonFish solutions, as well as OTAQ’s Eagle IP range of ethernet underwater HD cameras and IP integration infrastructure products. Read more…

 

New acquisition strengthens ASCO’s NORM services

Integrated materials and logistics management company ASCO has acquired NORM Solutions, a provider of specialist cleaning, treatment and disposal services for oilfield equipment contaminated with Naturally Occurring Radioactive Materials (NORM).

The acquisition reflects ASCO’s overall strategy to continually strengthen its specialist waste and decommissioning capabilities and provide its client base with a wider and fully integrated service.

Established in 2012, and originally a joint venture between ASCO and John Lawrie Group, NORM Solutions will continue to operate from its state-of-the-art facility in Aberdeen, which has the capability to handle all types of NORM-contaminated equipment and waste streams for the on and offshore industries. Read more…

 

Xodus sees growth in cable services

Energy consultancy Xodus Group has recorded a major increase in the provision of services related to subsea power cables over the last twelve months.

New assignments grew by more than 50%, resulting in more than 70 active work streams in 2019. This allowed the company to increase its number of specialists in this area, and it now employs more 30 permanent staff with subsea cables experience.

Xodus’ IMR team has seen a major increase in supporting subsea transmission owners in updating risk assessments for subsea power cables from early stage project bidding through operations. This is in response to ever-evolving hazards, such as fishing, shipping and seabed mobility, through to business decisions related to repair strategies, procedures and cost modelling. Read more…

 

Neptune Energy confirms discovery at Isabella exploration well

Neptune Energy has announced a hydrocarbon discovery at the Isabella exploration well in the central North Sea.

The 30/12d-11 well in UK licence P.1820, was drilled by the Noble Sam Hartley jack-up to a total depth of 5,557 metres in water depths of 80m. Hydrocarbons were encountered in Upper Jurassic and Triassic sandstone reservoirs, with 64m net pay encountered, consisting of lean gas and condensate and high-quality light oil.

The results of the well will be analysed to further evaluate the discovery, determine future appraisal activity and recoverable resources estimates. Read more…

 

Tailwind submits Evelyn Environmental Statement

Tailwind Energy is working towards committing to development of the Evelyn field located in the central North Sea. The first phase of development will consist of a single-well subsea tie-back to the Triton FPSO, with first oil expected by the end of 2022.

Prior to a full field development decision, Tailwind has prepared and submitted an Environmental Statement to the Secretary of State for Business, Energy and Industrial Strategy (BEIS). A public consultation on the plans is now underway.

Tailwind will make a final investment decision on the Evelyn field in 2020, conditional upon the approval of the Statement. Read more…

 

Rockrose drills at West Brae

Independent oil and gas producer Rockrose Energy has announced that the first of two infill development wells at West Brae has been completed and is delivering in line with expectations.

Following completion of this well, the Noble Houston Colbert jack-up drilling rig spudded the second planned well at West Brae on 9 March. Designated WPGZ and WPOZ, the wells are designed to access over 3 million bbls of net 2P reserves and add net production of 2,500 bpd.

The two infill wells form part of a wider programme of planned activity, covering seven wells over the course of 2020. The programme is aimed at enhancing production by over 8,500 boepd (net) this year and next, as Rockrose seeks to convert 2C resources to 2P reserves and deliver extended field life. Read more…

 

Neptune Energy appoints Alexandra Thomas as MD for UK

Neptune Energy has announced that Alexandra Thomas has joined the company as UK managing director, based in Aberdeen.

Alexandra joins Neptune from Tullow Oil, where she most recently held the position of Head of Exploration, Development and Commercial for Ghana. With 18 years’ experience in the oil and gas sector, she has held a number of senior leadership roles in the UK, Netherlands, Norway and, most recently, in Ghana where she was responsible for both new venture exploration and development. Read more…

 

OPEX Group and Wood Mackenzie launch Operations DataHub

OPEX Group has joined forces with global research and consultancy firm Wood Mackenzie to launch a new data service for the oil and gas industry.

Developed in partnership between the two companies, the Operations DataHub™ enables operators to securely pool and gain insight from operations data from multiple assets across the UKCS basin, with the aim of learning from each other and sharing best practice to make more informed decisions, reduce costs and optimise operational performance. Read more…

 

Babcock wins major new North Sea helicopter contract

Babcock’s Offshore business has secured a new five-year shared contract with three oil and gas operators for helicopter transport in the northern North Sea.

The contract will initially see Babcock operate over 100 helicopter flights each month from Sumburgh in Shetland, on behalf of CNR International, EnQuest and TAQA. Flights are expected to begin on 1 July 2020. Read more…

 

Montrose Port Authority announces new COO

Montrose Port Authority has recently appointed Graeme Nimmo, former Ship’s Agency Manager for Seletar Shipping, as its new Chief Operating Officer.

Supporting CEO Tom Hutchison, Graeme brings a wealth of experience to his role overseeing the daily operations across the 59-acre port site, which includes the arrival of over 600 vessels each year, the transfer of goods across the quayside and management of leaseholders onshore.

Montrose Port has an established reputation for servicing the oil and gas industry along with general cargo, as well as recently becoming the operations and maintenance base for the Seagreen wind farm. As a Trust port, all profits are reinvested back into Montrose Port, and since 2011 it has invested over £22 million in quayside developments on both the south and north side. Read more…

 

Welaptega, STAT-Marine partnership delivers Nigerian FPSO contract

Underwater inspection provider Welaptega has delivered on contracts to support two energy supermajors in West Africa, after establishing a strategic partnership with engineering and training organisation STAT-Marine Nigeria Ltd.

The awards saw the Ashtead Technology-owned business inspect the mooring systems on two floating production storage and offloading (FPSO) vessels for ExxonMobil and ENI in Nigerian waters. Welaptega undertook inspection services on ENI’s Abo FPSO, on the western edge of the Niger Delta, at water depths of 550-1,100m. It also inspected moorings on ExxonMobil’s Usan FPSO in the Gulf of Guinea at depths of up to 850m. Read more…

 

Xodus Group reveals new global gas analysis

International energy consultancy Xodus Group has published new analysis on the future of gas in the context of rising global energy demand.

In contrast to some future energy scenarios, Xodus believes worldwide energy consumption will continue to increase, driven by economic growth in developing countries, and that approximately half of that demand will need to be fulfilled by natural gas.

Read the report here.

 

Codex Integrity expands following successful 2019

Asset integrity, operational support and engineering services provider Codex Integrity has moved to larger offices in Aberdeen’s Queen’s Gardens following growing demand and contract wins in excess of £1 million.

As Codex celebrates its 10-year anniversary, the company continues to provide support to UK and global oil and gas operators. Services include integrity and maintenance management frameworks, risk-based assessments, anomaly risk prioritisation, day-to-day operational integrity support, independent design reviews, and asset life extension studies for offshore facilities.

Codex boasts a team of highly experienced engineers, many with over 30 years of North Sea experience and a vast breadth of knowledge of upstream integrity and maintenance. Read more…

 

James Fisher AIS strengthens R2S advisory team

Digital twin solutions provider R2S will benefit from the experience of Joe Little joining its senior advisory team, supporting continued growth and new sector diversification.

Joe joins James Fisher AIS as an advisor with a focus on the R2S digital twin solution.  This follows 30 years working directly with BP and other leading FTSE 100 organisations, bringing sector specialisms and experience in educating senior leaders on the likely impact of disruptive new technologies.

He has led several waves of technology evangelisation such as immersive technology (virtual worlds, gamification, VR/AR, remote operations, digital twins), satellite and robotics as well as research into Industry 4.0 and the future of the airport. Read more…

 

ASCO starts new decade with North Sea contract extension

Global materials and logistics manager ASCO has been awarded a five-year contract extension by CNOOC Petroleum Europe Limited to support all the operator’s North Sea assets.

The contract, worth in excess of £100 million, will see ASCO continue to provide a fully managed and integrated, logistics, materials management, waste and marine gas oil supply service. ASCO has supported CNOOC Petroleum Europe Limited’s assets since 2006, and this new contract will enable the provision of continuous support across the asset lifecycle, with options for a further extension of six years.

The service will be predominantly delivered from ASCO’s Peterhead supply base, with support from Aberdeen and Scrabster. Read more…

 

OPEX Group invests in new staff, R&D

A busy 2020 has seen data science company OPEX Group secure several new agreements for its X-PAS predictive analytics service and bolster its team with 10 new members of staff.

Responding to increased demand for its services, the roles are spread across the business, from data analysts and data scientists, to software developers and oil and gas domain experts.

OPEX has also committed to investing a further £750,000 in research and development of new technology over the next 12 months, with several new service offerings in the pipeline. Read more…