Upstream Oil And Gas News

Todd Carey (Photo: PCCI)

PCCI Hires Carey as Chief Engineer

in Ventura, Calif. He will be responsible for providing engineering, design, installation and program/project management services to U.S. government and commercial clients in the ocean facility and offshore energy industries.Carey is a Mechanical Engineer with experience supporting U.S. Navy, and upstream oil and gas clients on the U.S. West Coast.  He has 18-years of experience in the analysis, design and installation of ship deployment systems, ocean facility installations, port security barriers, and submarine cable shore landings. He received a Bachelor of Science in Mechanical Engineering from

(File photo: Mermaid Maritime)

Mermaid Reports Subsea Contracts

awarded subsea contracts with a combined total estimated potential contract value of $7.4 million.The first highlighted scope of work, commencing in the third quarter of 2019, involves carrying out air diving and a light work-class remotely operated underwater vehicle (ROV) services for a national upstream oil and gas company offshore in the Middle East GCC. The duration of the contract is for approximately nine months.The second highlighted work package, also commencing in the third quarter of 2019, will involve use of Mermaid offshore diving, survey, ROV and deck crew and a third party chartered-in vessel

(File photo: Shearwater Geoservices)

Shearwater Kicks Off Survey for KrisEnergy

Independent upstream oil and gas company KrisEnergy announced the commencement of a 1,200-square-kilometer 3D seismic survey in the offshore Cambodia Block A concession, where the company is developing the Apsara oil field.Shearwater Geoservices' Singapore subsidiary was awarded the turnkey broadband seismic contract, and it has deployed the vessel SW Vespucci for the project.Around 200 square kilometers of the 3D program will be acquired over the Apsara development area to improve imaging of geological faults and sand bodies to aid in the finalization of the design of well trajectories

(Photo: Bourbon)

Bourbon's Creditors Seal Restructuring Deal

 The creditors of indebted French marine services company Bourbon reached a restructuring deal that would give them control of the company, protect jobs and draw new liquidity.Bourbon has been hurt by market overcapacity and a fall in spending on services by upstream oil and gas companies, but the deal with its creditors lifted its shares.Bourbon's stock rose 24% in early session trading, although it is still down around 36% so far this year.The creditors said their restructuring deal would result in the conversion of around half of 2.7 billion euros ($3 billion) of debts into new capital for

Image: Aker Solutions

Aker Solutions, Siemens Join Forces To Strengthen Digital Offerings

maintenance and investment decisions. We look forward to working with a trusted partner like Siemens to further enhance these offerings".Eckard Eberle, CEO Process Automation Business Unit, at Siemens added "With this collaboration we are combining Aker Solutions' strong knowledge in upstream oil and gas projects as well as its domain-specific digitalization offerings with Siemens' extensive knowledge in the field of electrification, automation and digitalization. Customers across a broad range of industries, including the oil and gas industry will benefit from an enhanced joint offering

(Photo: Shell)

CGG Renews Cooperation with OMV

will continue to have onsite access to CGG’s subsurface imaging and reservoir characterization expertise and technology.Christopher Veit, SVP Exploration, Development & Production, OMV Upstream, said, “Geophysical technology is a critical factor for future success in OMV’s upstream oil and gas business, and I am very pleased that OMV will continue its strategic partnership with CGG. The continuation of our long-term cooperation with CGG will benefit OMV in terms of continuous advancement in seismic technology and capability.”Sophie Zurquiyah, CEO, CGG, said, “The OMV

 Clarke Shepherd, global business development director at Oil Plus. Photo courtesy Oil Plus

Oil Plus bags $1.5 mi Middle East Deals

in Saudi Arabia, Kuwait, Brazil, Thailand and Europe.   Oil Plus has gone from strength to strength under its new ownership and management team having achieved significant growth since it was acquired by Mark Cavanagh last year.   Since 1978, Oil Plus has worked with more than 250 upstream oil and gas companies in key disciplines of production chemistry, microbiology, specialised reservoir souring and process engineering.   Clarke Shepherd, global business development director at Oil Plus, commented: “The market has been looking strong during the first four months of 2018 and

Statoil Wins Offshore Wind Lease in New York

farm, Hywind Scotland – will come in production in 2017. Earlier this year, Statoil acquired 50% of the Arkona offshore wind farm in Germany, which will come in production in 2019.    Statoil is an integrated, technology-based international energy company primarily focused on upstream oil and gas operations. From a daily production of approximately 1.8 million barrels of oil equivalent (BOE), more than 270,000 BOE stem from the company’s onshore and offshore oil and gas fields in the U.S.  Statoil’s Energy Ventures Fund, launched in February 2016, is one of the world&rsquo

Image courtesy of IPRES.

Emerson, IPRES Enter Software Partnership

Emerson Automation Solutions has announced a business collaboration with IPRES (Integrated Petroleum Resource and Economic Service), an international company based in Norway that provides advanced software tools and services to the upstream oil and gas industry. Under the terms of the agreement, Emerson will sell IPRES’s flagship solutions IPRISK and IPRESOURCE to its existing and prospective customer base. Both solutions are complementary to Emerson’s Roxar reservoir management software portfolio and will provide operators with tools for economic risk analysis, predictive project

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