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Neptune Energy and its joint venture partners BP and Japex have announced the agreement of a final investment decision (FID) for the Seagull oil project in the UK North Sea. Seagull is expected to initially produce around 50,000 barrels of oil equivalent per day (80 per cent oil) across its ten-year design life, while proved plus probable gross reserves are estimated at 50 million barrels of oi...
Friday 29 March , 2019
Cyberhawk Innovations (Cyberhawk), a provider of drone inspections and asset visualisation software for energy infrastructure, has been acquired by funds advised by Magnesium Capital. Having flown more than 30,000 commercial missions in more than 30 countries around the world, the company is recognised internationally as a pioneer in the unmanned aerial vehicle (UAV) inspection market. More rec...
Thursday 28 March , 2019
Following Neptune Energy's announcement of its final investment decision (FID) for the Seagull project, Mike Tholen, Oil & Gas UK’s Upstream Policy Director, said: “Neptune’s Seagull project signals the basin’s first FID of 2019 and demonstrates a growing appetite among North Sea players to establish a diversified portfolio making the most of the variety of opportunities the basin of...
Thursday 28 March , 2019
BP has established a $100 million Upstream Carbon Fund to support projects that will deliver greenhouse gas (GHG) emissions reductions in its upstream oil and gas operations. Funding will be made available over the next three years, and businesses and employees throughout BP’s Upstream operating businesses are being invited to present ideas and propose projects. The fund sits in addition to t...
Wednesday 27 March , 2019
UK-headquartered drilling contractor KCA Deutag has been awarded a raft of new contracts on the back of strong tendering activity in its land drilling business. Representing a combined value of approximately $54 million, these contracts cover drilling operations across the Middle East, Russia, Europe and Africa, including campaigns in Iraq, Algeria and Germany. <a href="https://www.kcadeutag.co...
Tuesday 26 March , 2019
CHC Helicopter and the University of Aberdeen’s Department of Industrial Psychology have been awarded £54,000 to fund PhD research projects in crew resource management (CRM) and human factors training. Beginning September 2019, Dr. Amy Irwin and her team will work with the CHC Flight Training Department in Aberdeen to study and develop the latest helicopter operations training methods and scien...
Monday 25 March , 2019
Global Energy Group (GEG) has acquired a majority share in Apollo Offshore Engineering and will combine its operations with the existing GEG Integrity and Construction (ICON) division. The result is the creation of a new brownfield-focused, integrated EPC contractor named Global Engineering and Construction (Global E&C) – the only such contractor in the UK market focused exclusively on brown...
Monday 25 March , 2019
Hurricane Energy has announced that, as of 19 March, the Aoka Mizu FPSO has successfully hooked up to the turret mooring system buoy at the Lancaster field. The vessel is now on station and securely moored. Work to achieve first oil continues, following which a further announcement will be made. After first oil, Hurricane anticipates a gradual ramp up of production towards its planned average p...
Wednesday 20 March , 2019
<img class="alignnone size-medium wp-image-39098" src="https://oilandgasuk.co.uk/wp-content/uploads/2019/03/L-R-Tendeka-Chief-Technology-Offier-Annabel-Green-OGUK-Market-Intelligence-Manager-Ross-Dornan-OGUK-CEO-Deirdre-Michie-1-300x187.png" alt="" width="300" height="187" />A sustained focus on cost and efficiencies with ongoing uncertainty in commodity markets marks the “new reality” for the...
Wednesday 20 March , 2019
A new alliance of businesses focused on the North Sea oil and gas decommissioning sector has been formed and launched in Dundee. Named Forth and Tay Decommissioning (F&TD), the group has been created with a shared vision to position the region as the UK hub for North Sea decommissioning work. Members include ABB, Augean North Sea Services, COES Caledonian, Forth Ports, John Lawrie Group, Of...
Tuesday 19 March , 2019
Siccar Point Energy has commenced its 2019 drilling campaign with the spudding of an exploration well at the Blackrock prospect. The campaign, using Diamond Offshore’s Ocean GreatWhite semi-submersible rig, is expected to take around five months and also includes the Lyon exploration prospect north of Shetland. Located 140 km north-west of Shetland, the Blackrock licence lies directly between...
Tuesday 19 March , 2019
Subsea oil and gas engineering firm Interventek has invested in the region of £750,000 to support business growth in 2019 and beyond, via a workshop expansion and the appointment of new staff. The company’s workshop has been expanded to create a 5,000 square foot technology development and test centre. Among other facilities, the new space includes an overhead crane, two pressure test bays, ...
Monday 18 March , 2019
<strong>Tomorrow’s best ideas, innovation and improvements will come from bringing diverse minds together.</strong> At OGUK, we are proud of our inclusive and diverse workplace, built on our principles of honesty, integrity and respect. We strive to create a work environment that accommodates everyone and promotes development and opportunities for all employees. Diversity is more than just...
Monday 18 March , 2019
Aberdeen-headquartered well management specialist Exceed has secured its first contract offshore Guinea-Bissau, delivering well project management services to Svenska Petroleum Exploration for the country’s first deepwater exploration well. Under the $4 million contract Exceed’s workscope will include all front-end engineering planning, service procurement support, logistical set-up, HSE ma...
Friday 15 March , 2019
Petrofac has been awarded a contract worth around $1 billion with Groupment Isarene, the joint operating group set up by Sonatrach, Petroceltic and Enel, for the Ain Tsila Development Project in Algeria. Located around 1,100 km south-east of Algiers, the Ain Tsila field will produce gas, LPG and condensate for the local Algerian market and for export. Under the terms of the 42-month contract, t...
Thursday 14 March , 2019
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Thursday 14 March , 2019
The leading representative body for the UK’s offshore oil and gas industry has welcomed the Chancellor’s Spring Statement today. Independent OBR figures published today demonstrate that the industry will contribute £8.5 billion in direct taxes to the Exchequer over the next five years and will continue to provide around half the nation’s oil and gas needs. The government further launc...
Wednesday 13 March , 2019
Ten new start-ups have secured a place on the Oil & Gas Technology Centre (OGTC) TechX Pioneer Accelerator Programme. The intake includes companies developing autonomous underwater swarm robots and micro-polymers designed to reinstate well integrity, among other innovations aimed at maximising economic recovery and supporting the energy transition. Each company will receive up to £100,000 ...
Wednesday 13 March , 2019
<strong>Embracing the energy transition</strong> Amid calls for divestment and growing commitments to decarbonise energy, many are questioning the future of the oil and gas industry. The reality however, is that fossil fuels will play a key part in the quest to become more sustainable....
Tuesday 12 March , 2019
Awilco Drilling has announced the appointment of Jens Berge as company CEO. Mr Berge will succeed Jon Oliver Bryce in the position by early June 2019. Awilco also declared its option with the Keppel FELS shipyard in Singapore for the building of one new CS60 ECO MW semi-submersible drilling rig. Designed for use in harsh environments, the rig will be equipped and certified for drilling on the N...
Monday 11 March , 2019