Upstream news updates

A leading oil and gas sector logistics expert has said the current debate about a post-Brexit trade deal between the UK and US has failed to highlight the key implications for businesses.

The Trident XIV Jack-up rig is undertaking workover operations offshore Nigeria.

The agreement between ERU and PGNiG provides for joint operations on a licence located in the Lviv region, which is close to the Polish border.

The fire-resistant RADOX® OFL (Oil & Gas Flexible Lightweight) cable solution provides the offshore industry with a safe way to reduce platform weight.

Petrofac has been appointed by Maersk to deliver well management services, including project and supply chain management support for shallow water and deepwater wells throughout the duration of the programme.

Total will finance contributions of US$70 million at the outset, US$30 million when the North Gialo field will come onstream and US$30 million when the NC 98 field will come onstream.

In the upstream business, approximately US$11 billion is forecasted to sustain and grow currently producing assets, including about US$4 billion for Permian unconventional development and about US$1 billion for other international unconventional development.

The acquired fields, which are mostly operated by Equinor, will add additional daily production of approximately 150 000 bpd for the company, which is owned by Eni and HitecVision.

Dave McKendrick, Baker Hughes, demonstrates how industry partnership models are marking a new era for extending life of field.

The contract will see Aker Solutions deliver front-end engineering and design (FEED) for the first platform in a potential series of future assets within BP’s Trinidad and Tobago (BPTT) portfolio.

The survey was performed in August in water depths of 600 m using the Fugro Equator, a dedicated geophysical survey vessel, and the Fugro ES-V AUV, and completed with zero HSSE incidents.

The winning bids commit the company to an exploratory work programme, including geological studies, seismic and wells over a three-year phase (Phase 1) on each of the exploration contracts.

Both contracts were awarded by Baker Hughes, under a primary term of two years firm and an option to extend for another six months.

The newly elected board will operate under the leadership of chairman, Bill Edgar, and chief executive, Neil Gordon, with a focus on ensuring the UK is represented across the global subsea industry.

The well management and performance improvement company posted its annual results (year end to 28 February 2019), reporting that pre-tax profit has increased from £365 000 to £2.3 million.

Effective immediately, the new partnership is a global non-exclusive agreement that will see InterMoor support Neodrill with project execution, installation services and business development of its CAN technology.

EM&I has been awarded a life extension study for an FPSO offshore Gabon.

The coating is designed to help underwater infrastructure continue to meet expected standards.

To overcome the challenge of low recovery factors in shale reservoirs, independent global completions service company Tendeka, has launched ShaleModifier.

Two Equinor employees were injured in a serious work-related incident on board the Heimdal platform in the North Sea on 28 November.

An oil and gas sector logistics expert has warned the industry’s businesses trading with the EU that Britain could still be effectively heading for a no-deal Brexit at the end of 2020.

Nexans has announced an award by OneSubsea® for the design, manufacture and supply of two 120 km power umbilicals for a subsea multiphase compression system.

To overcome the challenge of low recovery factors in shale reservoirs, independent global completions service company Tendeka, has launched ShaleModifier.

Under this contract, Unique Group will design, manufacture and deliver a classed saturation diving system to be integrated on COOEC’s vessel, including technical support during and post installation.