Aberdeen-headquartered KCA Deutag has announced a $550m deal to acquire the onshore drilling business of Italian contractor Saipem. Expected to close in the fourth quarter of this year, the deal will also see Saipem also take a 10% stake in KCA Deutag. Once complete, the combination with KCA will create a “leading global onshore drilling business”, with 11,000 employees globally …
EnQuest has said its Kraken FPSO is “almost impossible to electrify” and is looking at creative alternatives to decarbonise the asset. The North Sea Transition Deal, signed last year, set out crucial emissions targets for the industry this decade: an initial 10% cut by 2025, then 25% by 2027 – which the industry is confident of achieving – and a more uncertain …
Repsol plans to launch exploration in Libya in the third quarter, according to comments made during a recent meeting with National Oil Corp. (NOC). NOC chairman Mustafa Sanalla visited Repsol CEO Josu Jon Imaz in Madrid on May 30. The Libyan company said talks focused on joint co-operation, focused on exploration, production and renewable energy. The two sides focused on …
Petrofac has been named well engineering operator on the upcoming i3 Energy Serenity appraisal. i3 Energy said the well is on track to be drilled in early September, with a well slot between August 15 and September 15. London and Toronto-listed i3 (I3E) has previously said it is hoping for 100 million recoverable barrels from Serenity oil project in the …
Shell (LON:SHEL) has taken a final investment decision (FID) to develop the Crux natural gas field offshore Western Australia. It will backfill the Prelude floating liquefied natural gas (LNG) export facility, as the supermajor eyes strengthening demand from Asian customers, seeking to transition from coal to gas. Construction will start this year and first gas is expected in 2027, Shell …
An energy transition boss at Petrofac (LON: PFC) has indicated the company would be keen to team up with others to progress a major decarbonisation project. The Bacton Energy Hub (BEH) was a major point of discussion during the opening day of the Southern North Sea conference in Norwich on Wednesday. Based at the Bacton Gas Terminal, Norfolk, the scheme involves a raft of companies that …
TotalEnergies has announced a $1.6 billion deal with Global Infrastructure Partners (GIP) to acquire 50% of the US’ fifth-largest renewables developer, Clearway Energy Group (CEG). The supermajor said the deal was its largest renewables acquisition in the US so far. The San Francisco-headquartered developer controls and owns 42% of its listed subsidiary, Clearway Energy (CWEN), into which projects are dropped …
A world-leading trainer provider is set to create up to 30 jobs in Aberdeen thanks to the opening of a new £1 million training facility. MRS Training & Rescue is investing the seven-figure sum to develop the new training facility at Bridge of Don, and expects to create up to 30 jobs over the next three years. The opening of …
Partners in the Cameron LNG project, including TotalEnergies, have signed an agreement to develop the Hackberry Carbon Sequestration (HCS) project. The project involves capturing CO2 in acid gas removal units, dehydrating it, compressing it and piping it 10 km to a saline aquifer site. The company reported the HCS project would capture up to 2 million tonnes per year of …
19/05/2022
Thousands of jobs dependent on establishing North-East of Scotland as a global energy hub by 2030
Research reveals urgent capital investment is essential to position region as a long-term global leader in offshore energy A new review on the future shape of the energy workforce in the North-East of Scotland by Robert Gordon University (RGU) reveals if the region attracts £17 billion of renewables investment and activities over the next eight years it will be established …