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Oil and gas is being demonised but the fact is we shall have to rely on it for years to come, says North Sea dealmaker Colin Welsh. The international partner with equity firm SCF Partners, who was the keynote speaker at Insider’s Deals and Dealmakers Business Breakfast in Aberdeen today, said it would take 20 to 30
Kosmos Energy made an offshore oil discovery in Equatorial Guinea, according to the Ministry of Mines and Hydrocarbons. The S-5 well was drilled to a depth of 4,400 meters and encountered 39 meters of net oil play in the Santonian reservoir in the offshore Rio Muni Basin, the ministry said in an emailed statement. Hot
Subsea 7 today announced the award of a sizeable(1) contract for Seaway 7, Subsea 7’s Renewables and Heavy Lifting business unit, from Jan de Nul for the Formosa 2 Offshore Wind Farm project in Taiwan. The contract scope includes the transportation, pre-piling and installation of 47 jacket foundations for wind turbines. Seaway 7 will execute
Petrofac has been awarded a well plugging and abandonment contract with leading independent energy company, Hess Limited, a wholly owned subsidiary of Hess Corporation. The agreement includes provision of Well Operator and Well Engineering Project Management services for four wells within the Rubie and Renee fields, 200 km north east of Aberdeen. The wells,
Safe Zephyrus safely arrived and connected to Clair Ridge platform, West of Shetland Prosafe stated that, GVA 3000E design offshore unit arrived on location and gangway connected on the 14th of May. The firm duration of the contract commencing mid-May 2019 is five months with a one-month option and directly follows the completion of the
Further to the announcement issued on 18 February, global drilling and engineering contractor KCA Deutag (“KCAD”) is delighted to announce the award of new contracts on the back of strong tendering activity in its land drilling business. These contracts, with a combined value of approximately $54M, are for drilling operations in the Middle East, Russia,
ExxonMobil Corp. and Qatar Petroleum are officially moving forward with a $10 billion liquefied natural gas export terminal in Texas, the latest in a series of massive projects designed to send U.S. shale supplies to growing markets across the globe. U.S. Energy Secretary Rick Perry joined Qatari Energy Minister Saad Sherida al-Kaabi in announcing the
The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for wells 6608/10-18, 6608/10-18 A and 6608/10-18 B, cf. Section 15 of the Resource Management Regulations. Wells 6608/10-18, 6608/10-18 A and 6608/10-18 B will be drilled from the Songa Encourage drilling facility, at position 66°6’9.52″ North and 8°4’23.19″ East. The drilling program for
Saudi Aramco has received bids from international engineering firms to expand the Hawiyah gas plant, industry sources said on Wednesday. They said the companies that submitted their proposals, on Sunday, were: South Korean Samsung Engineering, Spain’s Tecnicas Reunidas, Taiwan’s CTCI, Italy’s Saipem, Britain’s Petrofac, India’s Larsen & Toubro (L&T). South Korea’s Hyundai Engineering and Hyundai