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Tag: subsea

Proserv Unveils New Great Yarmouth Centre of Excellence

Energy services company, Proserv officially opened its new purpose-built Centre of Excellence today within Great Yarmouth’s Beacon Park. Developer, Great Yarmouth Borough Council, together with New Anglia LEP and key stakeholders, joined Proserv at the 65,000 sq ft ‘Artemis House’ – named after the site’s ‘Artemis 2G’ (A2G) subsea control system technology – to mark the occasion with a ribbon cutting ceremony. Artemis House is the largest site within Beacon Park, featuring modern offices, 25% additional manufacturing space and a…

Brent rises towards $80 as supply concerns mount

Oil rose towards $80 a barrel this morning, supported by concern that falling Venezuelan crude output and a potential drop in Iranian exports could further tighten global supply. Crude is trading at the highest since late 2014, underpinned by a supply-cutting deal among the Organisation of the Petroleum Exporting Countries plus Russia and other non-members, and strong global demand. Brent crude, the global benchmark, rose 63 cents to $79.85 a barrel this morning. Last week, it topped $80 for the…

InterMoor completes work for Benchamas FSO replacement.

InterMoor, a leading provider of mooring services, foundation solutions and offshore installations in subsea services group Acteon, recently completed work for the installation of the new Floating Storage and Offloading (FSO) facility Benchamas 2 (FSO Benchamas 2). Previously, the Benchamas Explorer FSO, owned and operated by Chevron, was installed in 1999 in Block B8/32 in the Gulf of Thailand. The FSO began initial production in 1999 and after operating the facility for almost 20 years, Chevron decided to replace the…

DeepOcean secures subsea life of field services contract

DeepOcean, a subsidiary of DeepOcean Group, has been awarded a long term contract involving subsea life of field services on Equinor operated fields. The award covers onshore project management, engineering and offshore operations utilising a variety of vessels within the DeepOcean fleet of high quality vessels. Offshore operations may include life of lield services such as standard inspection and survey work involving use of Work Class and Observation class ROVs, installation and replacement of subsea modules and X-mas trees using…

BP back on its feet but CEO senses no respite

After the near collapse of his company following the 2010 Gulf of Mexico disaster and a three-year slump in oil prices, BP Chief Executive Officer Bob Dudley is hardly relaxed. “It doesn’t feel like we are in a serene time for any energy company,” Dudley told Reuters in an interview. BP is stronger today than at any other time since the 2010 Deepwater Horizon rig accident. With oil prices at their highest since late 2014 and BP shares back to…

AREG calls for input to major EU marine energy project

The Aberdeen Renewable Energy Group (AREG) is calling for input from its members as it looks to draw up an international strategy for marine energy, working with organisations across Europe. The Europe Leading Blue Energy (ELBE) project seeks to position Europe as the world technological and industrial leader in blue energy. AREG members will hear about the project at an event tomorrow evening (Tuesday) at the Palm Court Hotel in Aberdeen. The Member Showcase event will also include presentations from…

Syria Plans to Increase Oil and Gas Production

The Syrian Ministry of Petroleum and Mineral Resources announced today Syria plans to increase its crude oil production to 310,000 barrels per day by 2022, which will help boost the economy of the Arab country. This increase would represent 81 percent of the oil production taxed by the Arab state in 2010, one year before the armed conflict’s outbreaking. Before the end of this year, Syria expects to extract 68,000 barrels of crude oil per day, a figure made possible…

Contract signed with Shell

With reference to our press release of 14 February 2018, Awilco Drilling PLC is pleased to confirm that a contract has been signed with Shell UK Limited for the provision of WilPhoenix for a decommissioning program of 18 firm wells plus options totalling a further 8 wells. The firm 18 well program has an estimated duration of 330 days and is scheduled to commence around 1 September 2018.     The contract value for the firm term is estimated at…

Xodus reviews scope for two Apache North Sea tiebacks

Apache Corp. has contracted Xodus Group to conduct studies for two subsea tiebacks in the UK central North Sea. One involves initially a conceptual assessment of options under consideration for the 2016 Storr discovery in the Beryl area before progressing to front-end engineering design (FEED) for the selected option. The scope includes subsea pipeline design, flow assurance, materials and corrosion engineering coatings selection, and structural and environmental support. Xodus is also performing subsea engineering for the Seagull oil field, 50…

UK seeks waiver from US Iran sanctions

Key US ally Britain is seeking a waiver for energy companies to continue trading with Iranian counterparts despite President Donald Trump re-imposing sanctions on OPEC’s third-largest oil producer, a government minister told S&P Global Platts in an interview. Oil prices have hit new four-year highs above $80/b due to concerns over lost Iranian barrels after Trump announced his decision to withdraw from the so-called Joint Comprehensive Plan of Action (JCPOA) with Tehran. Some experts fear US sanctions could prevent European…