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Private equity group Antin Infrastructure Partners has sold Kellas Midstream to a joint venture of BlackRock’s Global Energy & Power Infrastructure Funds (GEPIF III) and GIC. Kellas owns and operates key gas infrastructure in the UK, including the Central Area Transmission System (CATS), the Esmond Transportation System (ETS), and the Humber Gathering System (HGS). The transaction is expe...
Monday 11 November , 2019
It’s at the tips of our fingers, at the flick of a switch, at the turn of a key, at the touch of a button. But how often do we stop to think about where it comes from? How is the electricity we use every day to light up our houses and charge our phones generated? How does it reach us? What happens beyond the plug? In a changing world, we all have a duty to reflect on how we can reduce our ...
Monday 11 November , 2019
<p style="text-align: justify"><span style="font-size: 12.0pt;font-family: 'Arial',sans-serif">A fledgling industry star who unlocked £20 million of additional value for her company and a business that is using pioneering 3D printing to champion improved safety and environmental performance were among those to be crowned winners last night at the <a href="https://ogukawards.co.uk/">OGUK Awards 20...
Friday 8 November , 2019
Infrastructure solutions company Costain has secured some £4 million worth of design, engineering and consultancy contracts for the energy market which will see the Group shaping the future for sustainable operations and improved efficiencies at several UK onshore gas terminals. The awards being delivered by the Aberdeen-based team include topside modification projects for several subsea tie-b...
Friday 8 November , 2019
New guidelines promoting good practice in <a href="https://oilandgasuk.co.uk/product/robust-project-delivery-guidelines/">robust project delivery</a> published by OGUK today provide companies with a systematic framework for ensuring oil and gas projects are on time and within budget. Industry experts including operators, contractor companies and the Engineering Construction Industry Training Bo...
Thursday 7 November , 2019
In a speech opening OGUK’s inaugural HSE Conference in Aberdeen this morning, OGUK Chief Executive Deirdre Michie said: Good morning ladies and gentlemen and a warm welcome to our very first OGUK HSE Conference, Health, safety and the environment are at the core of everything we do, both as a major hazard industry and as an industry with people at its heart, So, I’m delighted that we are bui...
Wednesday 6 November , 2019
The chief executive of the leading representative body for the UK’s offshore oil and gas industry has today urged Aberdeen to grab the £1trillion of business opportunities presented by moves to net zero. Speaking at the State of the Cities Conference today in Aberdeen, OGUK Chief Executive Deirdre Michie said “Indeed, as the excellent Climate Change Committee report showed, there will s...
Tuesday 5 November , 2019
Data services provider DataCo Ltd has been acquired by Sword Group. Focused primarily on the oil and gas industry, DataCo provides information management solutions and support, helping customers reduce costs and increase efficiency through effective data management. With offices in the UK (Aberdeen), Netherlands (The Hague), Australia (Perth) and USA (Houston), DataCo will join the Sword Ventur...
Tuesday 5 November , 2019
The Aramark team for the BP North Sea HQ (NSHQ) has successfully gained full HSEQ ISO accreditation across three prestigious ISO standards: ISO14001, ISO9001 and ISO45001. ISO14001 is the international standard for designing and implementing an effective environmental management system, while ISO9001 is the international standard for a quality management system. ISO45001 is the international st...
Tuesday 5 November , 2019
Stork, part of Fluor’s Diversified Services segment, has been awarded a five-year contract by EnQuest to provide multi-skilled deck crew services for its northern and central North Sea assets. Stork’s crew will provide services for the Heather, Thistle and Magnus platforms in the northern North Sea, and FPSO vessels in the northern and central North Sea. The five-year contract began in Septemb...
Thursday 31 October , 2019
Independent Oil and Gas (IOG) has completed its farm-out transaction with CalEnergy Resources and made final investment decision on Phase 1 of its Core Project. This comprises 410 bcf of 2P+2C reserves and resources across six discovered UK southern North Sea gas fields. IOG and CalEnergy have said they will shortly be submitting confirmation of full funding to the OGA in support of the Phase 1...
Tuesday 29 October , 2019
<span style="font-size: 12.0pt;font-family: 'Arial',sans-serif">The increasing importance of digitalisation was put under the spotlight today at a breakfast briefing event, sponsored by Deloitte, held by the leading representative body for the UK’s offshore oil and gas industry, OGUK.</span> <span style="font-size: 12.0pt;font-family: 'Arial',sans-serif">An audience of over 150 industry profe...
Tuesday 29 October , 2019
Well-Safe Solutions has secured over £66 million in new investment to fund its next phase of growth as a tier one well decommissioning company. MW&L Capital Partners led the investment round, bringing together a consortium of private investors to acquire a major stake in the business. Launched in 2017 to provide a ground-breaking approach to safe and cost-efficient decommissioning, Well-Sa...
Monday 28 October , 2019
Peterson has strengthened its relationship with independent E&P group Premier Oil after it renewed a long-term contract worth over £20 million. Peterson has worked with Premier since 2010 providing integrated logistics services to support its North Sea activity. The contract will see Peterson provide support for up to a decade, with the first five years confirmed, and an optional five year...
Monday 28 October , 2019
The Oil & Gas Technology Centre (OGTC) has launched the third year of its accelerator programme, TechX, with the announcement of new industry partner Equinor. The TechX Pioneer Programme helps ambitious start-ups take their solutions to the energy market faster. 21 companies have so far graduated from the award-winning programme, supporting the development of ground-breaking technologies in...
Thursday 24 October , 2019
Aker Solutions will aim to generate nearly half its revenue from renewable or low-carbon solutions by 2030, according to its newly outlined '20/25/30 strategy'. This would see the company derive 20% of its revenue from renewable energy and 25% from distinct low-carbon solutions by the year 2030. The renewable energy solutions will primarily come from floating wind, while the low-carbon segment ...
Wednesday 23 October , 2019
<strong>The next generation of the UK’s oil and gas industry are being called upon to make their voices heard on key issues including the energy transition and climate change at a new event being held in Aberdeen on Thursday 24 October.  </strong> Leading representative body for the sector OGUK today announced a<a href="https://www.eventbrite.co.uk/e/oguk-industry-insights-for-young-professi...
Thursday 17 October , 2019
UK and Netherlands-focused energy group Parkmead has announced the filing of a draft Field Development Plan (FDP) and Environmental Statement (ES) for the Platypus gas project. The two documents were submitted to the Oil and Gas Authority (OGA) and the Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) by Dana Petroleum (59%), on behalf of project co-venturers which includ...
Tuesday 15 October , 2019
Neptune Energy has entered into a conditional agreement with Energean Oil and Gas to acquire Edison E&P’s UK and Norwegian producing, development and exploration assets for $250 million. Pending Energean’s completion of its proposed acquisition of Edison, the portfolio will give Neptune an estimated 30 million barrels of oil equivalent of 2P reserves and near-term production in core are...
Monday 14 October , 2019
“Expanding Frontiers” is the theme for the tenth <a href="https://offshoredecommissioningconference.co.uk/">Offshore Decommissioning Conference</a>, co-hosted by OGUK and Decom North Sea on November 25-27. The event will explore how by achieving step changes in its current mindset, the sector can make the most of potential business opportunities in the UK and global decommissioning markets. ...
Monday 14 October , 2019