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Oil & Gas UK by Maria Claudia Beiriz - 3d ago

Tomorrow’s best ideas, innovation and improvements will come from bringing diverse minds together.

At Oil & Gas UK, we are proud of our inclusive and diverse workplace, built on our principles of honesty, integrity and respect. We strive to create a work environment that accommodates everyone and promotes development and opportunities for all employees.

Diversity is more than just policies and practices – it is at the heart of our organisation. We know that simply having a diverse workforce is not enough; we want to create an inclusive environment where everyone can contribute their best work, and develop their full potential, while remaining true to themselves.

Our diversity and inclusion journey at Oil & Gas UK is only just beginning. The future of our staff network will involve, among many things, partnering with industry members, inviting external speakers, arranging training courses for our staff to raise awareness and holding events to celebrate our varied experiences.

The post Diversity & Inclusion appeared first on Oil & Gas UK.

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Aberdeen-headquartered well management specialist Exceed has secured its first contract offshore Guinea-Bissau, delivering well project management services to Svenska Petroleum Exploration for the country’s first deepwater exploration well.

Under the $4 million contract Exceed’s workscope will include all front-end engineering planning, service procurement support, logistical set-up, HSE management and operational execution of the well. The 12-month contract follows on from existing operations in the region, begun during Q4 2018, which have seen Exceed steer an operator through its maiden well project offshore The Gambia. Read more…

The post Exceed wins contract offshore Guinea-Bissau appeared first on Oil & Gas UK.

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Petrofac has been awarded a contract worth around $1 billion with Groupment Isarene, the joint operating group set up by Sonatrach, Petroceltic and Enel, for the Ain Tsila Development Project in Algeria.

Located around 1,100 km south-east of Algiers, the Ain Tsila field will produce gas, LPG and condensate for the local Algerian market and for export. Under the terms of the 42-month contract, the engineering, procurement and construction (EPC) project scope of work includes commissioning, start-up and performance testing. Petrofac has already worked on Sonatrach’s Tinrhert Field Development Project, along with the Alrar and Reggane projects which commenced production last year. Read more…

The post Petrofac awarded $1 billion EPC project in Algeria appeared first on Oil & Gas UK.

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Oil & Gas UK

  • The P&J front page headlines with“forecasts for oil and gas revenues down £600m a year”.  It comes as OBR figures included within the spring statement has lowered forecasts for UK oil and gas revenues by an average of £600million per year to 2024, following a drop in the oil price and “unexpectedly weak” spending in 2018. Revenues are expected to be £1.1billion in the next tax year, a drop of £800m compared to the earlier forecast made in October.  OGUK Chief Executive Deirdre Michie said: “At a time when industry continues to face many uncertainties, fiscal and regulatory stability are key enablers to help the offshore industry realise the opportunities for decades to come in the North Sea. “The £8.5 billion in direct taxes adds to the £350 billion already contributed over the last five decades. It reinforces the continued importance of our industry to the wider UK economy, supporting over 280,000 jobs, many of them highly skilled, and providing security of energy supply.” Energy Voice. Also featured in the Daily Mail, Daily Express, the FT and Upstream.

Companies

  • Cairn Energy has booked Stena Drilling for a UK North Sea exploration well later this year,says Energy Voice .The Stena Don semi-submersible rig is about to start a drilling campaign with Total E&P UK and should move onto Cairn’s Chimera prospect in the third quarter.
  • Shell chief executive Ben van Beurden took home nearly £18 million in pay last yearas a reward for spearheading the energy giant’s “transformation” says Energy Voice.

Climate Change 

  • The Financial Timesdiscusses how oil companies plan to survive and grow if oil consumption falls in the coming years to help keep global temperatures under control. Strategies include making their barrels the lowest-cost to produce through making better use of infrastructure, technology and cost discipline. For some companies, a push for resilience has meant reshaping their portfolios to offload higher-cost assets. It leads with numerous industry comments made at an energy conference in Houston this week, where Eldar Saetre, chief executive of Equinor, said the companies that succeed in the future would be the ones that develop not only the cheapest barrels but also the cleanest ones. The piece ends with the reflection “If every oil company in the world believes they can win this contest, holding out to be the last producer standing, they cannot all be right. 30 per cent drop in consumption would mean some would have to lose out. In the Darwinian struggle to adapt to a new energy system, some will become extinct. The companies that will succeed will be those that produce the cheapest and the cleanest barrels£

Renewables 

  • An Orkney-based tidal energy firmhas attributed increased staff numbers to its growing reputation as a Highland’s and Islands success story. Orbital Marine Power chief financial officer Chris Milne yesterday revealed the company has added nine workers to its roster. Reports the P&J. 

Commodity price

  • North Sea Brent Blend for April deliveryclosed up $0.84 at $66.58 per barrel.
  • The NBP gas price closed downat 515 per therm.

The post Industry News Summary Thursday 14 March 2019 appeared first on Oil & Gas UK.

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The leading representative body for the UK’s offshore oil and gas industry has welcomed the Chancellor’s Spring Statement today.

Independent OBR figures published today demonstrate that the industry will contribute £8.5 billion in direct taxes to the Exchequer over the next five years and will continue to provide around half the nation’s oil and gas needs.

The government further launched the call for evidence on strengthening the UK’s offshore oil and gas decommissioning industry.

Speaking in response to the Spring Statement and call for evidence launch, Oil & Gas UK Chief Executive Deirdre Michie said:

“At a time when industry continues to face many uncertainties, fiscal and regulatory stability are key enablers to help the offshore industry realise the opportunities for decades to come in the North Sea.

“The £8.5 billion in direct taxes adds to the £350 billion already contributed over the last five decades. It reinforces the continued importance of our industry to the wider UK economy, supporting over 280,000 jobs, many of them highly skilled, and providing security of energy supply.

“We look forward to continuing our collaborative engagement with HMT and BEIS on the decommissioning call for evidence. The UK is leading the way as a decommissioning centre of excellence through both effective cost leadership and technical expertise. Working closely, we can together create an enduring benefit to both our world-class supply chain and the nation.”

ENDS

The post UK offshore industry welcomes Spring Statement appeared first on Oil & Gas UK.

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Ten new start-ups have secured a place on the Oil & Gas Technology Centre (OGTC) TechX Pioneer Accelerator Programme. The intake includes companies developing autonomous underwater swarm robots and micro-polymers designed to reinstate well integrity, among other innovations aimed at maximising economic recovery and supporting the energy transition.

Each company will receive up to £100,000 to develop their business and technology as part of an intensive 16-week accelerator programme that includes expert mentors, development partners and deep access to the industry. After graduating, Pioneers then have the opportunity to join a 12-month incubator called TechX+, with two companies awarded an additional share in £130,000 funding from strategic partner BP. Read more…

The post Ten more start-ups join OGTC TechX programme appeared first on Oil & Gas UK.

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Oil & Gas UK by Maria Claudia Beiriz - 6d ago

Embracing the energy transition

Amid calls for divestment and growing commitments to decarbonise energy, many are questioning the future of the oil and gas industry. The reality however, is that fossil fuels will play a key part in the quest to become more sustainable.

The post Energy Transition appeared first on Oil & Gas UK.

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Awilco Drilling has announced the appointment of Jens Berge as company CEO. Mr Berge will succeed Jon Oliver Bryce in the position by early June 2019.

Awilco also declared its option with the Keppel FELS shipyard in Singapore for the building of one new CS60 ECO MW semi-submersible drilling rig. Designed for use in harsh environments, the rig will be equipped and certified for drilling on the Norwegian Continental Shelf, including in the Barents Sea, in water depths up to 5,000 ft (1,500 metres). Total costs for delivery of the newbuild are approximately $425 million, with delivery planned for March 2022. Read more…

The post Awilco appoints new CEO, orders new semi-sub appeared first on Oil & Gas UK.

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In response to the “Projections of UK Oil and Gas Production and Expenditure Report” published today by the Oil and Gas Authority, which says oil and gas production in the UK increased by more than 4% in 2018, Oil & Gas UK’s (OGUK) Upstream Policy Director, Mike Tholen said:

“This demonstrates that the approaches and strategies of exploration and production companies are paying off and we look forward to shedding more light on this when OGUK publishes our Business Outlook later this month.

“This is a significant milestone for an industry emerging from one of the toughest downturns in memory. However, in a competitive global market where the competition for investment is intense, it remains critical to maintain the fiscal and regulatory conditions which have supported this solid production performance delivered by industry.

“The UK’s offshore industry has a significant role to play enabling the transition to a lower carbon economy, part of that is ensuring we meet as much as possible of the national demand for oil and gas from domestic resources rather than from imports. Maintaining investment in our industry will be critical to our efforts to realise the full potential of the basin as outlined in Vision 2035.”

 

The report is available here

 

ENDS

 

The post Oil & Gas UK’s response to OGA’s forecast that UK oil and gas production has risen appeared first on Oil & Gas UK.

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BP has appointed ABB as one of its global main electrical contractors (MEC) for the provision of engineering, procurement and construction of electrical equipment for BP Upstream Major Capital Projects.

The new five-year frame agreement reflects a strategic collaboration between the two companies, with ABB committed to delivering innovation, substantial savings, improved scheduling and lower risk. As a global MEC partner, ABB can assume full responsibility for the design and engineering, procurement and supply, project management, installation, commissioning and on-time start up for overall electrical systems on BP projects that may be awarded under the frame agreement. Read more…

The post ABB and BP celebrate global MEC frame agreement appeared first on Oil & Gas UK.

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