Oil Companies Push Carbon-capture Efforts
A group of 13 major oil companies charted out a plan on Monday to promote investments in carbon capture, use and storage (CCUS), ahead of a gathering in New York.Oil chiefs grappling with growing demand for action to fight climate change have looked to invest in carbon-capture and sequestration techniques that some executives, including Occidental Petroleum Corp CEO Vicki Hollub…
India to Evacuate Thousands as Cyclone Nears West Coast
Indian authorities are preparing to evacuate 300,000 people along the western coast as a severe cyclone is expected to make landfall on Thursday morning in the state of Gujarat.Storm Vayu, which formed in the Arabian Sea, is likely to cross the Gujarat coast with gust speeds as high as 135 kmph (84 mph), the India Meteorological Department said in a statement.It also warned…
XL Group Acquires AMC
Aberdeen based technology and engineering company XL Group announced on Monday it has acquired Artisan Measurement & Control Limited (AMC) in a move to add expertise, products and services in calibration, measurement, tanker loading, blending, metering systems and instrumentation to its growing list of integrated engineering services.Formed in 2002, Wiltshire-based AMC has an annual turnover of £4 million ($5.2 million) and 12 employees.
iSURVEY Completes Industry First Project for Norske Shell
iSURVEY, a provider of survey and positioning services to the global oil and gas, offshore renewables and telecommunications markets, has completed a pioneering project for A/S Norske Shell. The project, which took place last month as part of the operator’s Scarabeo 8 drilling campaign, utilized iSURVEY’s survey support remotely from its Oslo headquarter. This marks the…
iSURVEY Announces New Contract Awards
iSURVEY, a provider of survey and positioning services to the global oil and gas, offshore renewables and telecommunications markets, said it ended 2017 with contract awards totalling more than £250,000 ($345,000). This work, which was awarded in the last two months of 2017, included two subsea cable excavation projects and a UXO inspection scope. Each of the projects involved offshore wind-related scopes in either U.K.
Iran to Build Oil Refinery in Syria
Iran will build an oil refinery in Syria, the head of downstream technologies at Iran’s Research Institute of the Petroleum Industry was quoted by Fars news agency as saying on Tuesday. The refinery, to be built near the city of Homs, will have a production capacity of 140,000 barrels per day, Akbar Zamanian reportedly said. The refinery project is one of a series of business…
NAFTA Talks Continue with Energy in Spotlight
Trade negotiators from Canada, the United States and Mexico have made headway on issues including energy, small businesses and telecommunications in talks to revamp the North American Free Trade Agreement (NAFTA), the head of a top business lobby said on Monday. "I think we've made a lot of progress," said Juan Pablo Castañon, head of the Consejo Coordinador Empresarial (CCE), which represented Mexico's private sector during the trade talks.
Global Marine Group Extends UK Footprint
Offshore engineering services provider Global Marine Group (GMG) has expanded its operations base in the United Kingdom to include the Port of Blyth, Northumberland. Blyth, a modern, well-specified port, has emerged as a major support base for U.K. offshore energy projects. Operating from the Port of Blyth, both of GMG’s two business units, CWind, which provides services to the offshore wind industry…
GMG Completes Cable Burial Work off the Netherlands
Global Marine Group (GMG), a provider of offshore engineering services to the renewables, telecommunications and oil and gas industries, said it has completed a remedial cable burial project for Prinses Amaliawindpark (PAWP), a wind farm off the Netherlands’ West Coast. PAWP covers an area of around 14km2 and comprises of 60 wind turbines that are connected by eight in-field cable strings that converge at the central offshore high voltage station.
NIMASA Executive Director, 23 Others Bags NSE Fellowship
The Executive Director in charge of Operations in the Nigerian Maritime Administration and Safety Agency (NIMASA), Engineer Rotimi Fashakin has been conferred with the Fellowship of the Nigerian Society of Engineers (FNSE), the umbrella body of the Engineering profession in Nigeria. The event which held at the Nigerian Air Force conference centre, Kado Abuja on Friday, June 30, 2017 also had 23 other distinguished Nigerians bagging same award.
iSURVEY Reports Success in Q1 2017
Provider of survey and positioning services to the global oil and gas, offshore renewables and telecommunications markets, iSURVEY, has reported a strong end to 2016 and a positive first quarter of 2017, including ongoing recruitment due to a string of significant contract wins. Part of this growth has also been attributed to iSURVEY’s diversification into the offshore wind sector last year.
iSURVEY Awarded Contract with Maersk Oil
Following an eight-year relationship with Maersk Oil, iSURVEY has been awarded a survey and positioning contract with the international oil and gas company. Commencing in March 2017, the four-year contract, which has the option to extend by one 12-month period, sees iSURVEY named as the nominated first caller contractor for survey and positioning services. iSURVEY will specifically…
TransCanada Names Siim Vanaselja Board Chairman
TransCanada Corp, Canada's No. 2 pipeline operator, said on Thursday it named Siim Vanaselja chairman of the board. Vanaselja succeeds Barry Jackson, who will retire after TransCanada's annual shareholders meeting in 2017. Jackson, who has been in the position since 2005, will continue to be a board member, subject to his re-election at the meeting. Vanaselja, who was the…
Semco Maritime Wins Order for Culzean Field
Semco Maritime, a global provider of communications solutions, telecoms systems integration services and collaborative applications to the offshore oil and gas industry, has won a multi-million dollar contract to deliver communications systems and infrastructure for the production platforms at the new Maersk Oil operated Culzean field in the UK sector of the North Sea. The award of this contract by Singapore based yard Sembcorp Marine Offshore Platform Pte.
Mass. man arrested after suspicious devices found near power lines
A Massachusetts man with a history of feuding with telecommunications companies was arrested on Saturday as part of an FBI probe into a series of suspicious devices found near power lines in a small town near the New Hampshire border. Federal Bureau of Investigation agents, along with state and local police arrested Danny Kelly, 61, at his home in Chelmsford, Massachusetts, on Saturday morning, the FBI said.
iSURVEY Strengthens North Sea Presence
iSURVEY Group, a leading provider of survey and positioning services to the global oil and gas and telecommunications sectors, has boosted its North Sea presence following a number of contract wins and the appointment of a new business development manager. Following the recent announcement of a contract extension with Nexans Norway AS, iSURVEY has also been awarded a second…
Moeller Joins LNGL Board
Liquefied Natural Gas Limited appointed Philip D Moeller as a Non‐Executive Director of LNGL with effect from 7 December 2015. Philip is the Company’s third US‐based Non‐Executive Director following the appointments of Paul Cavicchi in October 2014 and Mike Steuert in February 2015. Former Commissioner Philip Moeller left the Federal Energy Regulatory Commission (FERC) in October 2015 as the second‐longest serving member in the history of FERC.
Danos Names Four Vice Presidents
Adding to its leadership team, oilfield service provider Danos has promoted James Callahan, Mark Danos, Stacey Gisclair and Reed Peré to executive roles within the company. As vice president of finance, James Callahan is responsible for overseeing the company’s domestic and international administration, finance and accounting activities. Prior to joining Danos in 2013, Callahan served as chief executive officer for Superior Shipyard and Fabrication…
Oil Price Plunge May Weigh on Gulf Markets
Renewed declines in oil prices could weigh on Middle East stock markets on Sunday. Oil made its biggest weekly loss in eight months last week and U.S. Light Crude fell 5.1 percent on Thursday and Friday alone, after Middle East bourses last traded. Brent crude is within $2 of a new 6-1/2-year low and the sustained slump in oil prices has hurt state finances in the Gulf along with earnings in the important petrochemical sector.
Cheap Oil Erodes Saudi Corporate Earnings
Total net profits shrink 14 pct on year in Q3. Saudi Arabian corporate earnings shrank during the third quarter of this year as low oil prices began hurting the wider economy, and are unlikely to achieve anything more than modest growth while the energy market languishes. The slowdown comes at an awkward time for the world's top crude exporter, which has so far made little…
