Tag Archive

Wood commences new operating partner contract

Wood commences new operating partner contract

November 30, 2017 No Comments

Wood has commenced a multi-million dollar, evergreen contract to act as operating partner of the Scottish Area Gas Evacuation (SAGE) system and Beryl pipeline, on behalf of Ancala Midstream Acquisitions Limited (Ancala Midstream). Wood will manage the day-to-day operation of the SAGE system, which transports gas through the 323 kilometre SAGE pipeline between the northern […]

C-Kore Deploys 100th Subsea Testing Unit

C-Kore Deploys 100th Subsea Testing Unit

November 28, 2017 No Comments

C-Kore Systems, a UK based company, has recently celebrated the deployment of its 100th CKore unit. This milestone was reached on a fault-finding campaign with a major oil company in the North Sea. The units have simplified subsea testing in over 30 different fields worldwide and helped both major oil companies and their installation contractors […]

Oil & Gas UK’s efficiency chair commends oil and gas industry progress

Oil & Gas UK’s efficiency chair commends oil and gas industry progress

November 23, 2017 No Comments

The newly-appointed chair of Oil & Gas UK’s Efficiency Task Force has praised the work of over 100 industry champions in improving the global competitiveness of the UK Continental Shelf. At a recognition networking evening held in Aberdeen on Wednesday 22 November, ETF Chair Phil Simons outlined the ambitions of the pioneering task force as […]

Oil & Gas UK laud The Chancellor on North Sea Policy

Oil & Gas UK laud The Chancellor on North Sea Policy

November 23, 2017 No Comments

The U.K Chancellor announced a tax measure that will unlock further investment in the UK North Sea by enabling more assets to change hands and allow new owners to provide fresh investment in many mature oil and gas fields. Oil & Gas UK has been working constructively with HM Treasury for a number of years […]

BP to sell Bruce assets to Serica

BP to sell Bruce assets to Serica

November 21, 2017 No Comments

BP has agreed to sell a package of its interests in the Bruce assets in the North Sea to Serica Energy plc. BP currently operates the assets, which comprise the Bruce, Keith and Rhum fields, three bridge-linked platforms and associated subsea infrastructure. Under the terms of the agreement, Serica will pay BP an upfront payment […]

Shell completes sale of UK North Sea asset  to Chrysaor for up to $3.8bn

Shell completes sale of UK North Sea asset to Chrysaor for up to $3.8bn

November 1, 2017 No Comments

Shell has completed the sale of a package of UK North Sea assets to Chrysaor for a total of up to $3.8bn, including an initial consideration of $3.0bn and a payment of up to $600m between 2018-2021 subject to commodity price, with potential further payments of up to $180m for future discoveries. This sale was […]

Shale gas ban a blow to Scotland

Shale gas ban a blow to Scotland

October 4, 2017 No Comments

The decision to ban shale extraction in Scotland has signalled the Scottish Government “turned its back on a potential manufacturing and jobs renaissance” according to INEOS Shale. The announcement comes at the end of a two-year process during which Scottish industry has been left in limbo. With an official ban on shale extraction, Scotland will […]

Aker Solutions Wins Troll FEED Contract With EPCI Option From Statoil

Aker Solutions Wins Troll FEED Contract With EPCI Option From Statoil

September 21, 2017 No Comments

Aker Solutions won a contract from Statoil for front end engineering and design of a module that will increase output at Troll, one of Norway’s largest natural gas fields. The order includes an option for engineering, procurement, construction and installation of the module, which will receive and process gas from the Troll West field before […]

Expro secures contract with Repsol Sinopec Resources UK

Expro secures contract with Repsol Sinopec Resources UK

September 6, 2017 No Comments

Expro, has secured a five-year master services agreement with Repsol Sinopec Resources UK Limited, for well services across its UK North Sea assets. The contract is valued at $8million/£5million for the first calendar year, which will be reviewed on an annual basis – including options to extend beyond the initial term. Expro’s award includes well […]

Canadian Natural Announces Pelican Lake and Other Asset Acquisition

Canadian Natural Announces Pelican Lake and Other Asset Acquisition

September 5, 2017 No Comments

Canadian Natural Resources Limited (TSX:CNQ)(NYSE:CNQ) (“Canadian Natural” or the “Company”) announces that is has entered into an agreement to acquire assets in the Greater Pelican Lake region and other miscellaneous assets in northern Alberta with production of approximately 19,600 BOE/d, for gross cash consideration of $975 million. The transaction is targeted to close on or […]

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