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Baker Hughes predicts oil market growth, misses on profit

October 30, 2018 | Company Operations, Oilfield Services, Rigs & Vessels

London, UK | – Baker Hughes, one of the world’s largest oil field services companies and   General Electric Company’s oilfield services arm, said on Tuesday it expected higher rig count in North American and international markets in 2019. The company, which fell just short of estimates for third-quarter profit largely due to weakness in its turbomachinery and process solutions business, also indicated a strengthening offshore drilling market. The results follow those from bigger rivals Schlumberger and Halliburton Corporation, which barely beat quarterly profit estimates and …

Aker wins BP contract for Greater Plutonio and PSVM fields offshore Angola

October 05, 2018 | Angola, Contracts, Offshore, Support Services

London,  UK | – Multinational oil and gas giant BP has given a five-year brownfield services contract to Aker Solutions for its producing Greater Plutonio and PSVM fields located offshore Angola. Under the contract, the Norwegian oil services company will be responsible for the brownfield modifications, maintenance and operations support of the Greater Plutonio and PSVM fields. According to Aker Solutions, the scope of the contract includes supply of engineering, procurement, and construction services for brownfield projects on the floating production, storage and offloading (FPSO) …

Tanzania sees $3.5bn Uganda gas pipeline kicking off in 2021

September 27, 2018 | Construction & Installation, Pipelines, Tanzania, Uganda

Dar Es Salaam, Tanzania | –  The Tanzania Petroleum Development Corporation is confident a natural-gas pipeline to Uganda will start in 2021, according to acting Managing Director of the corporation,  Kapuulya Musomba. At least 29 companies have shown interest in conducting a feasibility study and constructing the pipeline that will pump gas to western Uganda to power iron and steel factories, Musomba said in an interview in Tanzania’s commercial hub, Dar es Salaam. He didn’t provide any names. “We expect the feasibility study to be …

Halliburton aims for push-button fracking

August 23, 2018 | Company Operations, Products, Services & Techniques, Shale oil & gas

Houston, Texas USA | –  Automation has brought robots into fields onshore and offshore in search of leaks and to perform small tasks. It has also been used to automate drillpipe handling and for monitoring and diagnostics. Now Halliburton Corporation is bringing automation to the hydraulic fracturing process. The company envisions completing a full fracturing treatment with the push of a button, putting its surface treatment data such as treating pressure and proppant quantity with diagnostic subsurface data using technology to enable real-time analysis and …

China interested in joining TAPI pipeline project – Pakistan official

August 08, 2018 | Construction & Installation, Middle East, Pipelines

Islamabad, Pakistan | – China is exploring building a spur from Pakistan’s territory once the multi-country TAPI natural gas pipeline project begins operating, a Pakistani official said, with the financial close of the project’s first phase expected next month. Originating at the giant Galkynysh gas field in Turkmenistan, the $9.6 billion TAPI (Turkmenistan, Afghanistan, Pakistan and India) pipeline involves the four countries own energy companies, and would carry 33 billion cubic metres (bcm) of gas a year. Turkmenistan is building the TAPI pipeline to diversify …

Onne youths protest SNEPCo’s planned relocation from Rivers State

August 08, 2018 | Company Operations, Nigeria, Support Services

Port Harcourt, Nigeria | — Hundreds of Onne youths on Tuesday, stormed the Shell Nigeria Exploration and Production Company (SNEPCo) base over alleged plan by the company to pull its operations out of the Oil and Gas Free Zone, Onne, Rivers State according to Nigerian daily newspaper Guardian. The President, Onne Youth Council (OYC), Philip Tenwa, who led the peaceful protest, said they are worried that the relocation of SNEPCo operational activities from Onne to Lagos, would lead to the loss of over 5,000 jobs. …

Total Nigeria’s Egina FPSO to move to site by Q4 2018

August 08, 2018 | Deepwater, Nigeria, Offshore, Rigs & Vessels

Lagos, Nigeria | – The Nigerian National Petroleum Corporation, NNPC, Total Upstream Nigeria Limited, TUPNI and her partners have concluded plans to move the Egina Floating, Production, Storage and Offloading unit (FPSO) to site in December this year. The planned movement of the facility is based on the expected completion of integration, currently on-going at Ladol in Lagos. In a recent statement, Total indicated that the facility arrived Nigeria from South Korea in January this year according to Nigerian daily newspaper, Vanguard. It stated: “The …

Tullow Oil, Kenya agree to resume oilfield activity

August 08, 2018 | Company Operations, Kenya, Oilfield Services

London, UK | – Tullow Oil Plc and the Kenyan government have agreed to resume work at Tullow’s oil fields where work to truck crude oil had stopped for more than a month after protests by the community, a senior petroleum ministry official said today. Protesters demanding more security in Turkana began blocking trucks carrying oil from Tullow’s fields in July. The trucking scheme aims to transport about 2,000 barrels per day of crude from northern oil fields to the coast to test oil flow …