Viaro CEO accused of forging documents in UK lawsuit to steal millions
Former employer of the CEO of an independent British Oil Producer who is purchasing North Sea assets from Shell and Exxon Mobil, is suing him for allegedly falsifying documents in order to steal substantial amounts. Court documents show that Viaro Energy's CEO Francesco Mazzagatti has been accused of involvement in the misappropriation at least of 143.8 million euro ($151.5 millions) by Singapore-based Alliance Petrochemical Investment. The suit, first reported in the Financial Times, was filed by London's High Court at the end of August.
Future Fuels: Mammoet Moves Massive HSM Offshore Topsides Fueled by HVO
Mammoet reports it has executed its first operation, the transport of two topsides, using low-carbon HVO fuel in Mammoet’s SPMT powerpacks. HVO is an alternative to traditional diesel, made primarily from waste and residues, such as waste cooking oil. Because this diesel is both derived from renewables and reduces waste it is considered 90% carbon free. It also gives off fewer direct exhaust emissions, including a reduction in nitrogen oxides.During this HVO-fueled operation, Mammoet crews carried out a transport for HSM Offshore.
ODE Selected as Duty Holder at Babbage Platform
Offshore service provider ODE, part of DORIS Group, has won a duty holder contract from NEO Energy (NEO) for the Babbage field in the Southern North Sea."This is a significant ODE milestone as the first installation and pipeline operator (duty holder) appointment in the UK Continental Shelf (UKCS)," ODE said Monday. The company has said it has previously acted as an operations and maintenance provider since the project phase and transitioned the platform…
IOG Taps Subsea 7 for North Sea Project SURF
Offshore installation company Subsea 7 has won a contract by Independent Oil and Gas (IOG) to provide Subsea, Umbilicals, Risers, and Flowlines (SURF) for Phase 1 of IOG's Core Project in the UK Southern North Sea.Subsea 7 will be responsible for the project management, engineering, procurement, construction, and installation of 35km of flow lines between the IOG's Southwark, Blythe, and Elgood fields, together with subsea structures, an umbilical, and associated subsea tie-ins.More precisely…
UK Readies Carbon Storage Road-map
Heriot-Watt University researchers are to map out the UK’s best sites for carbon capture by studying the geology of depleted gas fields in the North Sea.The team led by Professor John Underhill will use data from industry regulator the Oil and Gas Authority's (OGA) National Data Repository (NDR), which was opened up to access for the first time in 2019.Professor John Underhill said: “The Southern North Sea faces three of some of the UK’s largest carbon emission areas: the industrial hubs of Teesside…
Centrica Extends Stork Contract
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. Fluor said it booked the undisclosed contract value in the second quarter of 2019.“Stork is extremely pleased to deepen our long-term relationship with Centrica in the UK by providing services to extend the life and efficiency of its assets in the northeast of England…
Stork Awarded Evergreen Gig for UK Assets
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.Fluor booked the undisclosed contract value in the second quarter of 2019, said a release.“Stork is extremely pleased to deepen our long-term relationship with Centrica in the UK by providing services to extend the life and efficiency of its assets in the northeast of England…
Perenco Renews North Sea Contract
Anglo-French oil and gas company Perenco has expanded the scope of its support contract with Servelec Controls, the control, safety and information systems provider, in the southern North Sea of the United Kingdom.Servelec has been providing service, support and maintenance for various Perenco control and safety systems for more than a decade.Perenco and Servelec Controls have now extended their agreement for a further two years, covering three onshore sites: Dimlington Onshore Terminal in Humberside…
Chrysaor to Buy ConocoPhillips’ UK Assets
Chrysaor has reached a deal to acquire ConocoPhillips’ oil and gas exploration and production assets in the UK for $2.675 billion, the companies announced on Thursday.Full-year 2018 production and year-end 2018 proved reserves associated with the assets being sold were approximately 72,000 barrels of oil equivalent per day (boepd) and approximately 99 million barrels of oil equivalent (boe), respectively. This acquisition increases Chrysaor’s pro forma 2018 production to 177…
ABP, Peterson Sign Pact
The logistics and service provider to the offshore energy industry Peterson UK Limited has concluded a new long-term agreement with Associated British Ports Holdings (ABP) to establish a new operational and logistics base to the Port of Lowestoft.ABP, which owns and operates 21 ports in the United Kingdom, said that the new agreement will see Peterson operate a wide range of warehouse, cargo and logistic services from the port, including fuel bunkering to support the oil & gas and renewable energy sectors being supplied from their Lowestoft Supply Base.Paul Smith…
Topaz Bags Wind Charter
Dubai-based Marine logistics company Topaz Energy and Marine (Topaz) has signed an agreement with a north European contractor for the charter of Topaz's newbuild for offshore wind farms in the North Sea.The contractor will charter Topaz’s newbuild subsea vessel, Topaz Tangaroa, for work on renewable energy projects, primarily in support of offshore wind farms in the southern North Sea. The contract underlines the growing significance of offshore wind projects…
Equinor Completes NCS Asset Sales
Norwegian energy company Equinor announced Friday it has completed the sales of two non-core discoveries on the Norwegian Continental Shelf (NCS) for a combined $470 million.Equinor announced in October that it would divest from the King Lear and Tommeliten discoveries as part of an effort to prioritize and refocus its asset portfolio.The first sale, of a 77.8 percent operated interest in the King Lear discovery to Aker BP, was for a total of $250 million.“This…
IOG Delays North Sea Project Financing
UK based oil and gas development & production company Independent Oil and Gas Plc (IOG)cautioned that current oil price volatility and capital market conditions aren’t conducive to deliver its financing plan for the core Southern North Sea project before year-end.The company which explores for and develops oil and gas properties in the North Sea said in a press release that it was ready to enter the execution phase of its core development project in the UK Southern North Sea…
Ineos Completes Clipper South Re-routing Project
UK-based oil products company Ineos Oil and Gas UK has completed a project to re-route production from its Clipper South field via the Shell operated Clipper field into the Bacton processing terminal.According to a company release, the USD 80 mln investment into a new pipeline and sub-sea equipment will extend the life of the Clipper South field, following closure in October of the existing facilities at the Theddlethorpe Gas Terminal, previously operated by ConocoPhillips.The release quoted David Brooks…
Shell Netherlands CEO Christens Wagenborg's W2W Vessel
The second Walk to Work vessel in the fleet of Wagenborg Offshore was unveiled on the Nieuwediepkade in the port of Den Helder. The Walk to Work Emergency Response and Rescue Vessel Kasteelborg was christened by Mrs. Marjan van Loon, CEO Shell Netherlands.Kasteelborg will serve as standby and support vessel in collaboration with the Kroonborg, which was commissioned almost three years ago, with maintenance of the unmanned platforms on the southern North…
Peel Ports Signs 12-year Deal with Asco
Peel Ports and offshore services firm ASCO have joined forces in a long-term strategic partnership aimed at supporting the energy sector in Great Yarmouth and promoting future sustainability for the port.By working in collaboration, the two organisations will support existing customers and attract new ones to the port by offering increased flexibility to meet the demands of the oil and gas, renewable energy and decommissioning sectors operating out of Great…
Aker BP to Buy Equinor Gas, Condensate Discovery
Aker BP has agreed to buy Equinor's 77.8 percent stake in Norway's King Lear gas and condensate discovery for $250 million in cash, the two companies said on Monday.The North Sea discovery has estimated reserves of 77 million barrels of oil equivalents, and by connecting it to existing production facilities at the Ula field, Aker BP expects the acquisition to add more than 100 million barrels in total."This (tie-in) will improve the capacity utilization…
Ampelmann Secures North Sea Decommissioning Project
Dutch offshore access solutions provider Ampelmann said it has made another step forward in the field of decommissioning with a recently secured contract in the Southern North Sea.An E-type gangway system has been installed on the Olympic Orion vessel to carry out a two-month campaign for end client Spirit Energy to prepare the Audrey platform for decommissioning.The E-type is the largest fully motion compensated system within the Ampelmann portfolio. Operating globally…
Ampelmann Wins North Sea Contracts
Ampelmann has strengthened its position in the North Sea this year after being awarded four new contracts and two extended scopes of work in the basin.The projects will see six E-type gangway systems deployed for planned shutdown campaigns and ongoing fabric maintenance support by different major operators across the UKCS.Utilising motion compensation technology, Ampelmann’s E-type is the largest system in the company’s portfolio and is ideally suited for the harsh environment of the North Sea…
Ampelmann Six New North Sea Contracts
Offshore access solutions provider Ampelmann said it has strengthened its position in the North Sea this year after being awarded four new contracts and two extended scopes of work in the basin.The projects will see six E-type gangway systems deployed for planned shutdown campaigns and ongoing fabric maintenance support by different major operators across the UKCS.Utilizing motion compensation technology, Ampelmann’s E-type is the largest system in the company’s portfolio and is ideally suited for the harsh environment of the North Sea…
