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<p class="p1"><span class="s1">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.</span></p> <p class="p1"><span class="s1">Covering up to approximately ten years, the contract will see Teekay receive an upfront payment of appro...
Monday 30 March , 2020
<a href="https://oilandgasuk.co.uk/covid-19/">OGUK,</a> the leading representative body for the UK’s offshore oil and gas industry has teamed up with <a href="https://www.stepchangeinsafety.net/covid-19">Step Change in Safety,</a> the industry’s recognised safety organisation to offer support to the tens of thousands of workers keeping the UK running with secure and affordable energy during th...
Wednesday 25 March , 2020
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 ...
Wednesday 25 March , 2020
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 clie...
Monday 23 March , 2020
<span style="font-size: 12.0pt;font-family: 'Arial',sans-serif">The UK offshore oil and gas industry which plays a vital role in the security of energy supply for the nation has been severely hit by the triple impact of COVID-19, the oil price crash and the lowest gas prices in the last ten years.</span> <span style="font-size: 12.0pt;font-family: 'Arial',sans-serif">With many businesses facing...
Monday 23 March , 2020
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. ...
Monday 23 March , 2020
OGUK has today welcomed the UK Government’s announcement that oil and gas workers are included on a list of key workers whose children will be prioritised for education provision. Commenting, OGUK Chief Executive Deirdre Michie said: “As an industry we are committed to doing everything possible we can to help the country and our businesses and our people through this devastating crisis a...
Friday 20 March , 2020
Effective project management is the topic under scrutiny at the first Efficiency event of 2020, which OGUK and the Engineering Construction Industry Training Board (ECITB) will co-host via a <a href="https://attendee.gotowebinar.com/register/8212795912246794251">webinar</a> on March 24. Anyone keen to improve project management performance can dial in to a breakfast-time web-based seminar focu...
Thursday 19 March , 2020
The combination of the global economic impact of the continued spread of the coronavirus, the most dramatic fall in oil price in almost 30 years and a halving of gas prices is driving an increasingly fragile outlook for the UK’s offshore oil and gas sector. Severe pressures are already building across the sector’s supply chain, with the pressures expected to significantly undermine the industr...
Thursday 19 March , 2020
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 co...
Wednesday 18 March , 2020
OGUK Health, Safety and Environment Director Trevor Stapleton said: “OGUK continues to work with our members to share official advice on coronavirus (COVID-19) from the relevant bodies to ensure the health of the people in our industry. "This sector is experienced in managing risks associated with complex safety and health matters, with robust processes and arrangements in place to ensure ...
Thursday 12 March , 2020
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 Busi...
Thursday 12 March , 2020
In light of the developing spread of COVID-19 (Coronavirus) in the UK and elsewhere, the team at OGUK has been evaluating the Business Outlook Report launch events planned to take place on Wednesday 18 March and have now taken the decision to cancel the breakfast briefings in both Aberdeen and London. OGUK prides itself in providing excellent market intelligence valued by our members, the wider...
Wednesday 11 March , 2020
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 milli...
Tuesday 10 March , 2020
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...
Tuesday 10 March , 2020
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...
Monday 9 March , 2020
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. <a href="https://www.babcock...
Monday 9 March , 2020
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 ma...
Friday 6 March , 2020
<span style="font-size: 12.0pt;font-family: 'Arial',sans-serif">OGUK has today (Tuesday, March 3) confirmed it has taken the decision to postpone a number of its events this year in light of the developing spread of coronavirus. </span> <span style="font-size: 12.0pt;font-family: 'Arial',sans-serif">The below events will be postponed, and new dates will be released in due course:</span> <spa...
Tuesday 3 March , 2020
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...
Monday 2 March , 2020