North Sea oil news

The move follows recent investment in the company from a US-based private equity firm.

The well, offshore the Shetland Islands, UK, was shut-in yesterday to enable a planned pressure build-up test.

Equinor, Shell, Total and several other companies are studying the possibilities for developing CO2 storage on the Norwegian continental shelf (NCS).

The Oil and Gas Authority estimates that approximately 180 wells in the North Sea have issues with scale formation, which cost the industry approximately £106 million in 2017 alone.

The new and renewed awards have resulted in over 100 additional personnel being employed to support projects in the North Sea and Azerbaijan.

The work will be delivered by Wood’s Aberdeen-based operations and engineering teams, with construction and maintenance operatives working offshore.

The company will provide engineering support services as a tier 1 contractor for brownfield modifications and projects across Repsol Sinopec Resources UK’s operated assets and terminal at Flotta.

The contracts, with major North Sea operators, are for TWMA to provide offshore processing of drilling waste.

Ecobuy, being launched at Offshore Europe, will offer customers the option to buy more environmentally friendly and less wasteful products, as well as limiting the number of journeys by vehicles and vessels in the delivery of these.

Rystad Energy expects a new wave of UK field development projects to be sanctioned towards 2022.