A survey of more than 900 Oil and Gas companies has revealed that they are concerned that the average wage in the industry will rise 15% this year from £64,000 to £73,600.The survey by OilandGasPeople found that 70% of oil and gas companies were worried that wages were rising too fast…
PetroJunín, joint venture formed by PDVSA (60%) and Eni (40%), has started production from the Junín-5 giant heavy oil field, located in the Faja del Orinoco, the area with the largest untapped hydrocarbon reserves in the world. The block is…
The subsea services division of global offshore contractor EMAS has won two major contracts offshore Norway.EMAS AMC has been awarded an engineering, procurement, construction and installation (EPCI) contract, valued at approximately US$165 million…
North Sea offshore investment is reaching all time highs but there is limited capacity to invest to meet demand, according to a speaker at today's annual NOF Energy conference.Specialist Isabel Boira-Segarra of consultancy EC Harris, was speaking at the Energy: A Balanced Future event in Newcastle…
Technip announces the acquisition of Ingenium AS, a highly-experienced offshore engineering and services contractor located in Oslo, Norway. Ingenium AS designs and develops mechanical and electro-hydraulic tools and equipment, for the offshore oil and gas industry…
Aker Solutions, the international oil services provider, has secured a NOK 650 million (GBP 70 million) contract with BP to help redevelop one of the largest oil fields in the UK sector.The Aberdeen operation of Aker Solutions will manufacture…
Subsea 7 has announced the award of three contracts with a combined value in excess of US$300 million from Petrobras. The work includes the installation of flexible lines by the Seven Seas, under two lump-sum contracts and one day-rate contract…
ULSTEIN received DNB’s Innovation Award 2012 of NOK 1 million in the National Final in Trondheim on 12 March 2013.ULSTEIN BRIDGE VISION™ is a concept for a modern ship bridge where safety in complex operations has been given major focus. A total of close to 700 ideas were received for the contest…
The confidence of Britain’s oil and gas industry is steadily increasing according to Oil & Gas UK’s business confidence index published today.Oonagh Werngren of Oil & Gas UKAn analysis of data gathered in February reveals that the sector has…
ExxonMobil Canada Properties has released the option for Kvaerner's joint venture company Kiewit-Kvaerner Contractors to provide the full scope of engineering, procurement and construction (EPC) services for the Hebron Project gravity based structure (GBS)…
Leased floating production firm SBM Offshore has agreed a $470million settlement deal with operator Talisman which will see the troubled Yme platform scrapped.Completion of the mobile offshore production unit (MOPU) had suffered delays after…
Optio trains workforces Opito International has been awarded a contract with Shell to support the development of training for workers on the Majnoon project. The company will help improve vocational training centers in Basra, training Iraqis to industry expectations and Opito standards…
Endeavor wins Papa Terra advisory projectEndeavor Management announced today that Petrobras has retained the Houston-based consulting firm to provide third-party review and advisory services on the Papa Terra project. Endeavor will work…
Total announces the restart of production on the Elgin/Franklin area on 9 March 2013, following the approval of the safety case by the UK Health and Safety Executive (HSE).Production resumes gradually and should soon reach close to 70,000 barrels of oil equivalent per day (boed…
Ocean Installer won a contract for umbilical installation at the Bittern field in the North Sea by Shell UK Ltd, the company announced on 7 March 2013.Normand ClipperThe scope of the work is to install two new static umbilicals of 20.7 km and 1…