International subsea rental equipment and solutions specialist Ashtead Technology has signed a multi-year reseller agreement with Norway-based NORBIT Subsea, a provider of tailored and innovative technology solutions to the global maritime sector. Under the terms of the agreement, Ashtead Technology will serve as the exclusive reseller of NORBIT Subsea products throughout the Middle East region. NORBIT Subsea specialises in the …
ETZ Ltd, the not-for-profit brainchild of Sir Ian Wood, has launched a £100,000 grant to help firms in north-east Scotland prepare for the energy transition. The SME Future Energy Skills Grant will cover complete cost of training for small and medium sized firms, bolstering the wider region’s supply chain for the transition to clean energy. Grants of up to £10,000 …
Worley has been awarded a front-end engineering and design (FEED) contract by VPI Immingham for a post-combustion carbon capture facility, as part of the Humber Zero project. The contract will see the engineering group design a post-combustion carbon capture retrofit system for two gas turbines and two auxiliary gas boilers at VPI’s 1,240-MW combined heat and power (CHP) plant. Carbon …
Aberdeen-headquartered KCA Deutag has landed a contract worth $550 million (£408m) in Oman, securing nearly 200 jobs. Petroleum Development Oman, headed up by former Shell North Sea boss Steve Phimister as managing director, has awarded the 10-year deal to KCA Deutag. The contract covers drilling services including four new automated land drilling rigs to be built in-country. Combined with options to extend …
Petrofac has landed a five-year well management contract extension with NEO Energy, covering five offshore fields in the UK North Sea. The deal encompasses well management and well operator services for 27 wells across the Affleck, Balloch, Dumbarton, Lochranza and Finlaggan fields, first awarded in 2020. It also builds on an integrated services contract for operational, maintenance, engineering and construction support across …
Aleron is delighted to announce that it is now a part of Centurion. Centurion is a global leader in the supply of rentals and services to critical industries. Alongside Seanic, a fellow Centurion company and industry-leading provider of subsea engineering services, Aleron will play a key role in the growth and development of Centurion’s growing subsea offering. Fernando Assing, CEO …
Offshore Helicopter Services, the new name for the former Babcock Aberdeen business, has landed a new North Sea contract with Well-Safe Solutions. The new deal will see Offshore Helicopter Services “fly hundreds of passengers every month” to and from the Well-Safe Guardian rig. Last week the Well-Safe Guardian left the Cromarty Firth for the North Sea in what was described …
An ambitious decarbonisation strategy at the Port of Blyth has received a further boost via a multi-million pound commitment to its first fully electric heavy lift crane. The eco-efficient Konecranes Gottwald ESP.6 Mobile Harbour Crane, due for delivery in April, will be the first “Generation 6” model to be deployed in the UK. Known as one of the UK’s leading …
21/01/2022
Schlumberger storms to $2.4bn profit in 2021
Reporting its Q4 and full-year results for 2021, oilfield services provider Schlumberger said it had closed the year with “great momentum.” Schlumberger (NYSE: SLB) reported Friday that pre-tax profits reached $2.37 billion (£1.75bn) in full-year 2021, reversing losses of $11.3bn (£8.3bn) the year before. Full-year revenue dipped slightly to $22.9bn (£16.8bn), from $23.6bn (£17.4bn) in 2020, though Q4 revenues rose to …
Today, NAM, Neptune Energy, ONE-Dyas, Petrogas E&P, TotalEnergies EP Nederland and Wintershall Noordzee have signed an agreement with Oceaneering Services B.V. for the decommissioning of Mud Line Suspension (MLS) wells in the Dutch North Sea, which are wells that were once drilled for exploration purposes, but never became producing wells. This is the first time that wells from this many …