Oilfield Services

Total strikes first oil from offshore Brazilian mega-field

November 28, 2017 | Deepwater, Rigs & Vessels, South America

London, UK | – French multinational oil giant, Total SA, have announce the first oil from the Libra mega-field, located 180 kilometres of Rio de Janeiro. The floating production, storage and offloading (FPSO) unit Pionerio de Libra is located in unltra-deep water and has a 50,000 barrel capacity. The start-up phase of production will focus on generating initial revenue and capturing technical data to streamline the development stage. The Libra development will continue to search for further investment  in the Libra 1 FSPO, which has …

Shell partners with automakers on fast-charging stations for battery vehicles

November 27, 2017 | Company Operations, Products, Services & Techniques

London, UK – Royal Dutch Shell, one of the world’s largest multinational Oil and Gas Company has partnered with top carmakers to deploy ultra-fast chargers on Europe’s highways, stealing a march on rivals in the race to remove one of the biggest obstacles facing the electric car sector. Shell’s agreement with IONITY – a joint venture between BMW, Daimler, Ford, and Volkswagen – will initially bring high-powered docks to 80 highway sites in 2019, it said in a statement. Power giants including France’s Engie and …

Algeria’s Sonatrach, Baker Hughes form JV to build Algeria plant

November 12, 2017 | Algeria, Company Operations, Oilfield Services

Algiers, Algeria | – Sonatrach, Algeria’s state energy producer, has signed an agreement with Baker Hughes, a GE company (BHGE), to set up a 2,000-sq-m oilfield equipment manufacturing facility in Arzew Industrial Zone aiming to strengthen Algeria’s position in the upstream oil and gas market to meet local demand. The agreement was signed in the presence of the Minister of Energy, Mustapha Guitouni, at a ceremony hosted by Sonatrach in Algiers. Sonatrach and BHGE will have 51 per cent and 49 per cent ownership respectively, …

Ugandan, Tanzanian Presidents launch start of work on 1,445km Hoima-Tanga oil pipeline

November 10, 2017 | Construction & Installation, Pipelines, Tanzania, Uganda

Mutukula, Uganda | –  President Museveni and his Tanzanian counterpart John Magufuli on Thursday laid the second foundation stone at one of the proposed corridors for the proposed East African Crude Oil Pipeline (EACOP), a gesture for political will, and to charm international lenders expected to pool 70 per cent of the project capital expenditure. The 1,445-kilometre pipeline, planned to run from Hoima District in mid-western Uganda to Tanzania’s southern Tanga Port on the Indian Ocean coast, was earlier projected to cost at least $3.55b …

Halliburton opens new oil and gas training and research centre in Nigeria

November 10, 2017 | Company Operations, Nigeria, Oilfield Services

Uyo, Akwa Ibom, Nigeria | – American multinational oilfield service corporation Halliburton announced today that it worked with the Akwa Ibom state government  to inaugurate and open Nigeria’s first oil and gas training centre fully-equipped with oilfield operations tools. The Akwa Ibom Oil and Gas Training and Research Centre will provide courses in field development, drilling and completions engineering, well intervention solutions and digital technologies to local energy employees and students. Halliburton Landmark will provide the training curriculum, instructors, software, workstations and tools to be …

Shell buys charging station firm in first electric vehicle deal

October 13, 2017 | Mergers, Acquisitions & JVs, North Sea & Western Europe, Products, Services & Techniques

Amsterdam, Netherland  | – Multinational oil giant,  Royal Dutch Shell Plc has agreed to buy Dutch-based NewMotion, the owner of one of Europe’s largest electric vehicle charging networks, marking the company’s first deal in electric mobility as demand for cleaner vehicles is expected to soar. Shell said NewMotion, which manages over 30,000 charging points for electric vehicles in Western Europe and offers access to thousands more, will operate in parallel to Shell’s program of rolling out fast charging points at its forecourts. “They’re complementary offers. …

Transocean to buy Norwegian rig firm Songa Offshore for $1.1 billion

August 15, 2017 | Deepwater, Mergers, Acquisitions & JVs, Rigs & Vessels

London, UK | – Transocean Ltd, one of the world’s biggest drilling rig operators, has agreed to a deal to buy Norwegian competitor Songa Offshore SE for 9.1 billion Norwegian crowns (US$1.1 billion), the two companies said Aug. 15. The deal, which would be mostly paid for in shares and convertible bonds, would strengthen Transocean’s position in offshore drilling as Songa is Norwegian oil major Statoil ASA’s largest drilling service provider. The offer values Songa shares at 47.50 Norwegian crowns each, a 39.7% premium over …

Nigeria’s NNPC collaborates with Halliburton for oil search in inland basins

July 22, 2017 | Exploration / Discoveries, New Technology, Nigeria

Lagos, Nigeria | – A new vista has been added to the ongoing search for commercial hydrocarbon in the inland sedimentary basins by the Research and Development Division of the Nigerian National Petroleum Corporation (NNPC), following ongoing collaboration with the US based Halliburton Corporation to achieve the exact location of viable crude oil deposits. Group General Manager in charge of the R&D Division, Dr. Bola Afolabi, said in Port Harcourt that the collaboration with Halliburton would help fast-track the inland basin exploration efforts through the …