Special reports

Steve Digby, SPX FLOW, UK, explains why double acting double diaphragm metering pumps are a perfect storm of benefits for offshore operators.

The assets being acquired produced approximately 72 000 boe/d in 2018.

Over the last 15 years, the adoption of digital oilfields has gained impetus due to advancements in technologies for sensing, automation, connectivity and data analytics, according to GlobalData.

Stuart Carter, head of oil and gas at Fieldfisher, looks at how law firms are responding to the market's changing needs.

The company is expected to deploy 17 planned and announced floating production, storage and offloading vessels globally during the outlook period 2019–2025, according to GlobalData.

The company has appointed Steve Carter as a project director to join its 70-strong upstream team in Aberdeen.

The payment will be taken in shares and will give Union Jack more exposure to UKOG’s Weald Basin assets.

The sale is in line with Europa’s strategy to focus on its high impact portfolio of exploration licences in Atlantic Ireland, its existing producing assets onshore UK.

Penspen, a provider of engineering, asset integrity and project management services to the energy industry, has opened a new office in Aberdeen following a growth in demand for its engineering and asset integrity services in the area.

Commenting, Roy Martin, senior analyst, corporate analysis, said: “This is the biggest upstream deal since Shell and BG in 2015. Chevron now joins the ranks of the UltraMajors – and the big three becomes the big four.”

Russian crude exports will reach a multiyear high of 5.7 million bpd in April, 400 000 bpd higher than average exports in the previous 5 months, according to a Market Alert released by ESAI Energy.

The company will acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at US$33 billion, or $65 per share.

Hogan Assessments has saved companies nearly €65 million in workplace injury costs by helping them recruit safety-minded staff.

In the same week that Shell agreed to explore for shale oil in China, BP is reported to be exiting its two Sichuan basin shale gas blocks. Wood Mackenzie eastern Asia upstream research analyst, Xianhui Zhang, provides commentary.

The company will maintain its headquarters in London, England, with a significant presence in Houston, Texas.