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OPEX Group Secures CNOOC Contract

Aug 13, 2019

An Aberdeen-based provider of predictive analysis services said it has secured a new multimillion-dollar contract with CNOOC  for digital services across the company’s assets on the UK continental shelf (UKCS).OPEX Group's three-year contract with CNOOC Petroleum Europe Limited…

Petrobras Prepays Debt with Pension Fund

Aug 13, 2019

Brazil's state-run oil company Petroleo Brasileiro SA said on Monday it had prepaid a 2.7 billion reais ($678 million) debt with its employees' pension fund Petros that was due in 2028, according to a securities filing.Petrobras, as the company is known…

UK Gas Prices Rise as Norway Imports Dip

Aug 13, 2019

British wholesale gas prices rose on Tuesday morning as imports from Norway fell, creating undersupply.Within-day gas price up 1.30 pence at 31.20 pence per therm by 0809 GMT.Day-ahead gas price up 0.90 p at 30.50 p/therm.'Prompt prices are all up a bit on lower supply…

Chinese Ship Returns to Vietnam's EEZ

Aug 13, 2019

A Chinese survey ship returned to Vietnam's exclusive economic zone off its coast on Tuesday, ship tracking data showed, less than a week after it left the area where vessels from the two countries were locked in a month-long standoff.The Haiyang…

UK Offshore Wind Attracts Investments

Aug 12, 2019

Power companies including Ørsted, Vattenfall, Innogy, SSE and Scottish Power and financial investors such as infrastructure and pension funds are active in UK offshore wind power, said Deloitte.Japan, China and other countries in Asia are also showing increasing interest in the market…

Flowserve Inks Deal for Prelude FLNG

Aug 12, 2019

Flowserve Corporation (FLS), a provider of flow control products and services for the global infrastructure markets, has entered into a five-year contract with Shell Australia to provide general maintenance services for Shell’s Prelude Floating Liquified Natural Gas (FLNG) facility…

Corvus Energy Gets Shell Ventures Investment

Aug 12, 2019

Canadian-Norwegian battery maker Corvus Energy announced that it has finalized an investment deal with Shell Ventures.The investment is a step towards Shell’s ambition to decrease the carbon footprint of the energy products they sell by around 20% by 2035 and by around 50% by 2050…

Centrica Extends Stork Contract

Aug 12, 2019

Fluor Corporation announced that Stork, part of Fluor’s Diversified Services segment, was awarded a contract extension by Centrica Storage Limited to continue providing fabric maintenance and associated services for the company’s UK onshore and offshore oil and gas assets…

Tullow Shares Soar on Guyana Find

Aug 12, 2019

Tullow Oil PLC said on Monday it has made a large oil discovery in Guyana, sending its share price soaring on expectations that it will develop a productive field in the South American country's nascent oil industry.Shares London-based Tullow…

Petrobras Sells Stakes in Brazil Oilfields

Aug 12, 2019

Brazil's state-controlled oil company Petrobras sold stakes in a set of oilfields known as Polo Macau, located in the country's Potiguar Basin, to SPE 3R Petroleum for $191.1 million, the company said on Friday.Petrobras, or Petróleo Brasileiro SA…

14 Template Installations in One Month

Aug 12, 2019

In one month – from June 11 to July 13 – 14 templates delivered by Aker Solutions and TechnipFMC were installed by vessels Edda Freya and Normand Vision on behalf of Equinor at four fields on the Norwegian continental shelf. The templates are all built according to the same…

Petrolia NOCO Names Høie Managing Director

Aug 12, 2019

Norwegian E&P company Petrolia NOCO AS has appointed Linn Katrine Høie as its new managing director.Høie comes to Petrolia NOCO with broad experience from the energy sector, most recently working with digitization of field development in Aker BP…

Production Drilling Begins at Dvalin

Aug 12, 2019

Wintershall Dea said the drilling of four production wells has begun on the Dvalin gas field in the Norwegian Sea ahead of first production planned in 2020.Drilling from the Transocean Arctic rig is expected to last approximately one year and…

Helang FPSO Process System Delivered

Aug 12, 2019

Oilfield equipment and services company NOV said it has completed the first full topside process systems delivery for Helang FPSO redeployment.NOV's Process and Flow Technologies business unit was contracted by Yinson to design and deliver the full topside process system for FPSO Helang…

Tullow Makes Major Oil Discovery in Guyana

Aug 12, 2019

Tullow Oil has made a major oil discovery in the deepwater Orinduik block offshore Guyana, raising expectations that the London-based independent will move to develop a field in the closely watched, oil-rich South American country.The discovery…

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