Upstream news

UK Chancellor, Philip Hammond, has announced possible tax incentives for the oil and gas industry. A selection of industry commentators give their verdict.

Chevron has announced that its subsidiary, Cabinda Gulf Oil Company (CABGOC) Limited, has commenced oil and gas production from the main production facility of the Mafumeira Sul project offshore Angola.

SNC-Lavalin has announced that its wholly owned subsidiary Kentz Overseas Company WLL has been awarded a five-year commissioning support services framework agreement by Petroleum Development Oman (PDO).

A review of the employment environment in the energy sector by Petroplan has found that, despite a major contraction in the value of the energy employment market over the past two years, global oil prices are now around the level where demand for talent looks set to pick up again.

6000 ft borehole drilled with support of Cubility’s MudCube, the industry’s first compact solids control system.

Proserv has been awarded a multi-million dollar contract with Premier Oil for work in Asia Pacific.

Global Maritime Consultancy & Engineering, a leading provider of marine warranty, dynamic positioning and engineering services to the offshore sector, has appointed Stavanger local Espen Thomassen as Regional Manager for the Americas.

Aberdeenshire-based ROV solutions provider, Aleron Ltd has boosted its international credentials, with the announcement of two contract wins in the North Africa region for its group companies, Aleron Subsea Ltd and ROVQUIP Ltd.

Key figures from the oil and gas sector will be gathering at the University of Aberdeen next month for a conference that will focus on collaboration as the key to maximising economic recovery in the North Sea.

CGG GeoSoftware has donated its HampsonRussell software suite, covering all aspects of reservoir characterisation, to the University of Texas of the Permian Basin (UTPB) Geology Program.