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Eni Hires Yinson FPSO for OCTP Project

January 30, 2015

Eni Ghana has awarded Yinson’s West African subsidiaries a contract for chartering, operation and maintenance of an FPSO vessel for the Offshore Cape Three Points Block (OCTP) project. The contract was signed on 27th January 2015 with immediate effect. The OCTP is located in the Tano Basin approximately 60 km off the coast of Ghana. For the OCTP project, Yinson will convert… Continue Reading »

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Shell to Scale Down Investment by $15 Bln

January 30, 2015

Royal Dutch Shell has announced it will reduce spending by more than $15 billion in the next three years due to decline in oil prices. Shell’s boss Ben van Beurden says: “Our strategy is delivering, but we’re not complacent. Weaker oil prices underline that there’s a lot more to do. The three themes of financial… Continue Reading »

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Ramboll in New Culzean Jacket Design Deal

January 30, 2015

Maersk Oil UK has awarded Ramboll Oil & Gas the detailed design for the two jackets for a central processing facility platform and a separate utilities and living quarter platform for the Culzean field offshore Aberdeen. The projects are awarded following Ramboll’s successful completion of the Culzean wellhead jacket detailed design in late 2014, which… Continue Reading »

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HMAS Success Supports Argo Program

January 30, 2015

During their transit to the Middle East in November and December 2014, the crew of HMAS Success assisted the Commonwealth Scientific and Industrial Research Organisation with their global Argo program. This innovative project aims to gather up ocean data using robotic floats. Success supported this venture by deploying 8 Argo floats at specified drop points… Continue Reading »

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CNPC Research: China’s Oil Demand To Grow 3% In 2015

January 29, 2015

China’s implied oil demand will grow 3 percent this year versus last year, the country’s top energy group forecast, little changed from the pace of growth in 2014 as calculated by Reuters. State-owned China National Petroleum Corporation (CNPC) saw the nation’s oil demand rising to 10.68 million barrels per day (bpd) in 2015, some 310,000… Continue Reading »

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OMS Launches New Pipe Fit-Up Optimisation Software

January 29, 2015

OMS has released a new version of its award-winning SmartFit™ pipe fit-up optimisation software. In addition to the sequencing of single pipe ends, the new software is now capable of sequencing multiple pre-welded sections of pipe (i.e. doubles, triples and quads), while also providing improved visualisation of pipe fit-up and new, automated reporting features. Winner… Continue Reading »

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Entry Level Commercial Diving Salary

January 29, 2015

A career as a commercial diver begins with commercial diving school, where students are taught to do nearly everything underwater. When a graduate hires on with a diving company, the graduate is a commercial diver, but until the diver has several years of experience the work may lack glamor or high wages. The industry works… Continue Reading »

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Eni Agrees to Proceed with OCTP Project (Ghana)

January 29, 2015

Eni, Vitol and Ghana National Petroleum Corporation (GNPC) signed, with the President of the Republic of Ghana, John Dramani Mahama, and the Minister of Petroleum, Emmanuel Armah-Kofi Buah, the agreement to proceed with the OCTP integrated oil & gas project in Ghana. First oil is expected in 2017, first gas in 2018 and the peak production will be… Continue Reading »

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BP Cuts 255 Jobs In Azerbaijan, Remains Committed To Region

January 28, 2015

British oil major BP said on Tuesday it had cut 255 jobs, or around 8 percent of its workforce in Azerbaijan as it trims costs in response to the “challenging market environment”. Crude prices have more than halved since June to below $50 per barrel, and oil majors have been cutting capital and operating expenditures… Continue Reading »

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