13 March 2017 Commenting on today’s announcement, Ian Marchant, the Chairman of Wood Group said: “The Combination represents a transformational transaction for Wood Group, which accelerates our strategy and creates a global leader in project, engineering and technical services delivery across a range of industrial sectors. The Combination extends the
27 February 2017 Total has signed an agreement for the sale of stakes and the transfer of operatorship in various mature assets in Gabon to Perenco. The transaction is subject to approval by the authorities. This agreement includes the sale of the Group’s 100%-owned affiliate Total Participations Petrolières Gabon, which
Sparrows Group has secured a five year contract to deliver hydraulic, lifting and rigging services for Maersk Oil’s UK floating assets. The agreement will see Sparrows support the operator in strengthening its lifting operations for the Global Producer 3 (GP3) and Gryphon FPSO’s and the new Culzean FSO. The scope
20 February The company of Rosneft group started drilling of the first exploration well at the Block 12 in the Republic of Iraq. Salman-1 well will be drilled to the measured depth of 4,245 m through Kurra Chine target horizon to be followed by further testing of five prospective targets.
February 8, 2017 An extended 60-day public consultation on recommendations to decommission the Brent oil and gas field in the North Sea has begun today following submission by Shell U.K. Limited (“Shell”), the field’s operator, of a comprehensive decommissioning programme to the Department for Business, Energy and Industrial Strategy (BEIS).
Sparrows Group has successfully retained our current North Sea Mechanical Handling and Crane Management contract with BP, which will extend our working partnership with them to over 50 years. The contract sees us operating and maintaining all 21 of BP’s pedestal cranes in the North Sea across eight assets. This
February 3, 2017 The Valemon platformThe Valemon platform in the North Sea. (Photo: Harald Pettersen) Two years after Valemon came on stream Statoil has made a new gas discovery on the field, called Valemon West. The discovery is estimated to contain between 20 and 50 million barrels of oil equivalent.
23 January, 2017 Maersk Drilling has been awarded a new contract with Petrogas E&P Netherlands B.V. for the High Efficiency jack-up, Maersk Resolute. The firm contract covers the drilling of the two wells, A8 and A9 in the A12 block of the Dutch continental shelf. The drilling of the two
Jan 31, 2017 Shell has agreed to sell a package of UK North Sea assets to Chrysaor for a total of up to $3.8bn, including an initial consideration of $3.0bn and a payment of up to $600m between 2018-2021 subject to commodity price, with potential further payments of up to