Development of a new joint industry decommissioning cost estimate/target, to take effect from 1st January 2023, has now commenced. To help shape the development of that estimate, a short questionnaire targeted at decommissioning supply chain organisations has been compiled to raise awareness of this work and gather supply chain input to the cost target development. The questionnaire is voluntary and …
Rebranding unites divisions under one name, one company and one team Appointment of Tom Murdoch as MD provides clarity and direction for future Strong year-end results with turnover of £6million provides platform for growth Brimmond Group, the Aberdeenshire-based provider of hydraulic, lifting and mechanical equipment and services, has integrated the divisions of its business by absorbing sister company Rigrun Europe. The company, …
Move sees new roles for current Group CEO David Currie, Proserv Controls CEO Davis Larssen and arrival of former RenewableUK CEO Hugh McNeal. Global controls technology leader Proserv has announced a high-level senior management and corporate realignment as the business continues to evolve and pivot towards the future energy landscape. Present Group Chief Executive Officer David Currie will become Chairman …
Petrofac, a leading provider of services to the global energy industry, has been awarded an Integrated Services Provider (ISP) contract by Anasuria Operating Company (AOC). Under the contract, Petrofac will provide onshore and offshore personnel and a range of technical support services. The five-year contract, which has an option to extend, starts in June. The new contract follows a long …
Following a two year hiatus we were extremely pleased to be able to run our Decom Week event between 16-20 May. Made up of a series of activities across the Aberdeen and Aberdeenshire area, the week opened with an enjoyably competitive golf day, followed by a night of celebration at the Decom North Sea Awards ceremony, a packed conference and exhibition …
Aberdeen-headquartered energy services giant Wood has signed a deal to sell its 7,000-employee built environment business to WSP Global. The deal, with gross proceeds of $1.9 billion, is expected to complete in the second half of this year to WSP, a Canadian engineering services firm. Wood said the proceeds from the sale would be used to reduce the group’s net …
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 …