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Tag: oil and gas

Repsol Sinopec to cut up to 70 onshore positions

Repsol Sinopec have confirmed plans for job losses within the onshore staff members at its base in Aberdeen over the coming weeks. In Q3 last year, the business said it would axe 80 offshore positions due to lower activity levels and the completion of a number of major projects. A Repsol spokesman said today: “We are integrating our assets around digital operating hubs, which we have piloted very successfully on Montrose and Arbroath over the last 12 months, to support…

United Oil & Gas lands Crown discovery

United Oil & Gas said that securing the Crown discovery was its primary target in the licensing round, and it looks forward to taking the project towards development. It was provisionally awarded two new blocks in the UK Government’s 30th offshore licensing round. The new acreage already contains the Crown oil discovery which was found by a ConnocoPhilips well in 1998, and, has been estimated to contain 4-16mln barrels of oil, with the mid-case presently pitched at around 9mln barrels.…

Aquaterra Energy promotes leadership team to drive growth strategy

Norwich, UK,  24 May 2018: Aquaterra Energy, a leader in global offshore engineering solutions, today announced two pivotal senior management promotions to spearhead its continued growth strategy. George Morrison becomes Group CEO of parent company Aquaterra Energy Group, while James Larnder fills Morrison’s previous role as the new Managing Director of the Aquaterra Energy business. The news follows last year’s multi-million-dollar investment from EV Private Equity, which initiated a period of rapid growth. In his new position, Morrison will focus…

Apache North Sea awards new contract to ASCO

ASCO has announced a significant contract award from Apache North Sea that builds upon a positive start to the year for the global oil and gas materials management specialist. The new contract for the provision of shorebase and logistics services, delivered from ASCO’s Peterhead supply base, extends the relationship between the companies which can be traced back to 2007. The five-year contract, with the option of two one-year extensions, will help support the long-term sustainability of South Base where 470…

Siccar Point secures strategic acreage position in 30th Licensing Round

23 May 2018: Siccar Point Energy has secured additional strategic acreage in the Oil & Gas Authority’s 30th Licensing Round for the UK Continental Shelf. In a 50:50 partnership with Shell, Siccar Point will operate the exploration and appraisal phases of the licence which adds to their already extensive acreage position in the Greater Cambo Area in the West of Shetland. The licence lies between the Cambo field and the Suilven field and is ideally suited to provide satellite tie-in…

“Miracle on the Hudson” co-pilot to share safety insights at OPITO Global event in KL

The co-pilot who helped safely land a stricken passenger flight on New York’s Hudson River with 155 people on board, will outline how mandatory safety training and teamwork saved lives, during a keynote address at this year’s OPITO Global – The Safety & Competence Conference. The energy industry event is being held at the InterContinental hotel in Kuala Lumpur, Malaysia, from 7th November. In line with this year’s theme ‘Skilled for Safety’, Jeff Skiles, who continues to work as an…

Inaugural Decom North Sea Award winners revealed

Winners of the 2018 Decom North Sea Awards were announced last night (22 May) in a celebration of sector collaboration, innovation and dedication. Decom North Sea revealed the three winners to an audience of more than 180 people, with categories covering innovation, collaboration and individual achievement across the decommissioning sector. Sponsored by The Oil and Gas Technology Centre (OGTC), the Outstanding Innovation category was won by BiSN for its Wel-Lok M2M well sealant technology. The Excellence in Collaboration award, sponsored…

BiSN wins accolade at first Decom North Sea Awards

BiSN, the global leader in innovative metal-to-metal downhole sealing solutions, has won the Outstanding Innovation award at the inaugural Decom North Sea Awards. Hosted by Decom North Sea the evening prior to the annual Decom Offshore Conference, winners were announced at the awards ceremony and dinner last night (Tuesday May 22) in Aberdeen. The Outstanding Innovation category recognises a company that has developed an innovative solution to a late life or decommissioning problem or project, which has brought forward tangible…

PJ Valves picked for $3.5m of FPSO contracts

Hertford, UK, 23rd May 2018: PJ Valves (PJV), the specialist manufacturer and supplier of valves for the global energy industry, has been awarded two significant contracts for valve supply for FPSOs (floating, production, storage and offloading) with a combined total of $3.5m by two major oil and gas operators. The company will manufacture and supply the valves to the projects located offshore Malaysia and the UK North Sea. The company will manufacture and deliver 2,000 ball valves, both manual and…

Verum Solutions launches Qvis to help reduce costs on new oil and gas development projects

A Scots entrepreneur has created a new solution for managing quality control and increasing visibility during the engineering, procurement and construction (EPC) phase of large oil and gas development projects globally. Verum Solutions is led by founder and CEO Paul Milligan – a QA/QC specialist with more than 30 years’ experience in the oil and gas industry. Paul, who hails from Stirling, left Scotland in the mid-1990s and has worked for various major operators and EPC contractors in diverse locations…