Special reports

Independent Oilfield Services (IOS), Peterhead-based storage and inspection firm, is to invest £5.5million in the North-east of Scotland over the coming months.

The award recognises the high levels of safety and service quality that Weatherford has provided to Shell’s well operations throughout the year, as well as the service company’s collaborative, solutions-based approach.

Seatronics, a marine electronic equipment specialist in subsea services group Acteon, is enhancing its offering to clients in the Middle East with the appointment of Akram Ali as regional manager.

The new merged entity would operate under the name Wintershall DEA.

Sparrows Group has secured a new five-year contract with Premier Oil for the provision of crane operations and maintenance across two of its North Sea assets.

Total and Sonangol signed several agreements covering both upstream and downstream activities.

In the declaration sent to the regulatory agency, it was suggested that the new field should be named Mero, and the field’s total recoverable volume is estimated at 3.3 billion bbls of oil.

The findings of the 27th Oil and Gas survey, conducted by Aberdeen & Grampian Chamber of Commerce, reveal that 49% of contractors surveyed are more optimistic about their activities in the current year, up from 38% since the spring survey.

Global subsea equipment specialists, Ashtead Technology, has strengthened its leadership team with the appointment of Steven Thrasher as regional vice president for the Americas.

Group production averaged 35410 boe/d in the 10 months to end October 2017.

The MoU supports Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) initiative, which is part of the Kingdom’s Vision 2030 plan.

The president of Bolivia, Evo Morales, and Repsol president Antonio Brufau held a meeting in Bolivia, during which they agreed that the exploration of the Iñiguazú field will be carried out by a consortium led by Repsol.

Bob Ruddiman, Head of Oil and Gas at legal firm Pinsent Masons, welcomed Chancellor Philip Hammond’s Budget concessions on Transferable Tax Histories for North Sea oil and gas operators.

Trinity has announced that it had entered into a binding sale and purchase agreement to sell its interests in the Brighton Marine and the Point Ligoure - Guapo Bay - Brighton Marine Exploration and Production Licences and related fixed assets.

New survey findings from Petrotechnics, the developer of the hazardous industries’ first software platform for operational excellence, reveals that Operational Excellence (OE) remains central to firms’ enterprise-wide strategies and is now delivering tangible results.