Oil & gas news

Aker Solutions was awarded a contract from Aker BP to deliver the subsea production system for the first phase of the Ærfugl development offshore Norway.

The projects have been secured from repeat customers, Petrobras and SOFEC Inc. (SOFEC) respectively, worth a combined value of approximately S$130 million.

Production from the Peshkabir field in the Tawke licence in the Kurdistan Region of Iraq has tripled to 15 000 bpd following completion of the Peshkabir-3 well testing, stimulation and clean-up programme.

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 company has secured significant industry prefunding and has been granted the environmental permit for a broadband 3D marine seismic project in Australia.

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 GSPAs will bring total contracted volumes from the Karish and Tanin development project to more than 4 BCM per year, surpassing the Company’s initial targeted sales volumes and creating significant additional value.

Aker Solutions won a contract from Sembcorp Marine to design the living quarters for the Johan Castberg development's floating production, storage and offloading vessel (FPSO).

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