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Alba Iulia
Wednesday, August 12, 2020

Energy

Remote monitoring of pipeline equipment and factory testing proves its worth post Covid-19 for Aberdeenshire company

ABERDEENSHIRE pipeline technology specialist STATS Group is using high definition live streaming to transform the way it conducts testing on client projects and on the safe monitoring of pipeline isolation tools. The company, headquartered in Kintore, said the move will...

Subsea 7 suffers losses of £751 million in first six months of 2020

ENERGY services giant Subsea 7 has reported losses of £751million in the first half of the year. The company, which announced in May its plans to lay off 3,000 workers said it was “on track” to make savings of £309m...

Petrofac doubles its offshore wells portfolio after contract award

PETROFAC has doubled the size of its offshore wells portfolio in the UK North Sea after winning a new contract with Neo Energy. The two-year deal will see the energy services firm provide well management and operator support for 25...

ASET International Oil and Gas Training Academy primed to support economic recovery

THE ASET International Oil and Gas Training Academy has created scores of new courses to help support the industry’s recovery from Covid-19. The Altens-based academy, a subsidiary of North East Scotland College, provides a wide range of training for the...

EnerMech contracted on Australia’s largest road infrastructure in multi-million-dollar project

ENERMECH has secured a multi-million-dollar contract to provide mechanical, electrical and instrumentation (ME&I) services on the next stage of WestConnex, Australia’s largest road infrastructure project. Predominately underground, WestConnex is a 33km motorway development representing a $16.8 billion investment by the...

Aberdeen global consultancy firm agrees offshore wind partnership with Japanese company

GLOBAL energy consultancy Xodus Group has agreed a partnership with Japanese firm E&E Solutions to deliver in-depth advice and analysis for the fast-developing offshore wind market in Japan. The collaboration will bring together Aberdeen-based Xodus Group’s international track record in helping clients address industry challenges to enable offshore wind, alongside E&E Solutions’...

Hurricane gives update on production issues from its Lancaster field

HURRICANE Energy has reported a boost in production from its Lancaster field. The London-listed company said the field’s two production wells, which is west of Shetland, were pumping out a combined 17,000 barrels of oil per day, up 2,000 bpd...

Aberdeen subsea firm secures “major” order

ABERDEEN subsea engineering firm, OceanTools, have secured a “significant” order worth nearly £400,000. The Bridge-of-Don based company will design and manufacture highly specialised deepwater subsea housings for Proeon Systems Ltd, Safety and Control Systems Integration Company based in Norfolk. Kevin Parker,...

Schlumberger to cut 21,000 jobs

SCHLUMBERGER is to cut 21,000 jobs — roughly a fifth of its workforce - with a total of around £783 million being set aside for severance costs. The Houston-headquartered firm did not say how many roles were affected in the...

Aberdeenshire startup company nominated for national award

ABERDEENSHIRE subsea company, Legasea has been shortlisted in the regional finals of the Great British Entrepreneur Awards. The Echt-based firm are hoping to win the title of Disruptor of the Year. The awards acknowledges the hard work and inspiring stories of...
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Aberdeen Harbour hands out £4.3m contracts for expansion project

ABERDEEN Harbour Board has issued further contract awards to the value of approximately £4.3 million, in support of the South Harbour Expansion Project. The awards cover...

Drilling firm announces new CEO

BORR Drilling has appointed Patrick Schorn as its new chief executive officer. He will take up the role from September 8, succeeding Svend Anton Maier...

Rovco wins multi-million pound floating wind survey contract

REMOTELY-operated vehicle specialist Rovco has been awarded a multi-million-pound contract by Gem Wind. The project is a joint venture between Total and Simply Blue Energy,...

Being made redundant? Here are five key things to consider when thinking about what’s next

by Andrew Dines, AAB Wealth director & chartered financial planner As the impact of the coronavirus pandemic continues to mount, and the conditions of the...

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