Upstream news

The company will unveil the development of the industry’s first subsea shear-and-seal safety valve powered by an integrated gas accumulator at next week’s Subsea Expo show in Aberdeen, UK.

Aberdeen-based energy services firm, Ardyne Technologies, is set to enter a new phase of growth after receiving a major funding package from Clydesdale and Yorkshire Bank.

The Abu Dhabi National Oil Company (ADNOC) has signed two new strategic equity partnerships with Eni and OMV covering both ADNOC Refining and a new trading joint venture, which will be jointly established by the three partners.

Europa has a 30% working interest in licence PEDL 180 in the East Midlands which holds the Wressle oil discovery, alongside Egdon (operator, 30%), Union Jack Oil (27.5%), and Humber Oil & Gas Limited (12.5%).

Subsea oil and gas engineering firm, Interventek, will unveil the development of the industry’s first subsea shear-and-seal safety valve powered by an integrated gas accumulator at next week’s Subsea Expo show in Aberdeen, UK.

Jon Clark, EMEIA Leader for Oil & Gas Transaction Advisory Services at EY, comments on the recently published report by the National Audit Office identifying UK taxpayers’ potential exposure to £24 billion of North Sea decommissioning costs.

The company has announced a major enhancement to the ForeSite® production optimisation platform.

Total E&P Denmark A/S has awarded IKM Testing a comprehensive contract on the Danish Continental Shelf.

Jim Stuart, Lloyd’s Register, examines how technology will help asset owners and operators in the energy and marine industries face current and future challenges.

The upgrade of the vessel involves the installation of shore power connection, combined with a new battery solution for energy storage on board.