SEADRILL HIT BY $1,284 MILLION ASSET IMPAIRMENTS
Seadrill reported first quarter 2020 results. Anton Dibowitz, President and CEO, said:"First and foremost, we need to recognize the way in which the...Read More+
Controls technology company Proserv has been commissioned by Independent Oil and Gas (IOG) to provide a complete subsea controls system for IOG’s Core Project Phase 1 development in the UK Southern North Sea.
Proserv will be responsible for the engineering, construction and installation of a complete subsea control system for the Elgood single-well subsea tieback. The system will consist of a master control station, subsea control module, subsea distribution and instrumentation.
The Elgood gas field is part of the Blythe Hub, which is situated 35km off the coast of Norfolk in the Southern North Sea and expected to come onstream in 2021. Elgood is being co-developed with the nearby Blythe field as a single subsea well tied back to an unmanned platform at Blythe. The field was discovered by Enterprise Oil in 1991 and is 50% owned and operated by IOG, with the remaining 50% interest belonging to CalEnergy Resources (UK) Ltd.
Iain Smith, Senior Vice President – Proserv Controls, said: “We are pleased to be awarded this work in such uncertain times and it further strengthens our reputation as a subsea controls supplier of choice, demonstrating significant value to our customers by way of best-in-class reliability and no future obsolescence worries. We look forward to working with IOG and their SURF contractor to ensure the cost-effective, safe and timely execution of this development.”
Mark Hughes, Chief Operating Officer, IOG, said: “We are pleased to be working with Proserv, a recognised specialist provider of subsea controls systems, on the Elgood well, which is an important part of our Phase 1 development.”
IOG is 50% owner and operator of three fields in the UK sector of the Southern North Sea, which collectively will form Phase 1 of IOG's Core Development, Southwark, Blythe and Elgood. The remaining 50% interests are held by CalEnergy. The Elgood Field was discovered in 1991 by well 48/22-4, drilled by Enterprise Oil, but was not progressed to development due to its perceived size and gas prices at that time.
Proserv based in Aberdeen, UK is a controls technology company incorporating two divisions, Proserv Controls, which encompasses our innovative subsea controls solutions, alongside our topside, IWOCS, sampling, and measurement offerings to the oil & gas and renewables markets, and Gilmore, a Proserv Company, known for its globally renowned control valves.
FueLNG, a joint venture between Keppel Offshore & Marine (Keppel O&M) and Shell Eastern Petroleum, announced the launch of Singapore’s first...Read More+
Qatar Petroleum entered into three agreements today to reserve LNG ship construction capacity in the Republic of Korea to be utilized for Qatar Petroleum’s...Read More+
Duke Energy Florida (DEF) filed the locations of its three newest solar power plants, which will provide cleaner, smarter energy solutions to benefit...Read More+
bp has entered into an agreement to license its latest generation technology for the production of purified terephthalic acid (PTA) to China’s Dongying...Read More+
magniX, the company powering the electric aviation revolution, and AeroTEC, a leading independent company focused on aerospace testing, engineering...Read More+
Oslo-based PGS advised that the acquisition of our East Shetland Basin 2020 survey has completed successfully and the first results will be available...Read More+
Before the mid 1800s, a modest French engineer from a remote area of rural France invented the rotary and hydraulic drilling technique as well as the...Read More+
On Tuesday 26 May, the 1250-ton soup-bowl-shaped base of the ITER cryostat was gradually lifted from its frame, carried across the Assembly Hall to...Read More+
Gaussin and Total are jointly developing the world's first full electric ART FULL ELEC (Aircraft Refueller Transporter). Planned for the Airbus industrial...Read More+
Although the Covid-19 pandemic continues to decimate active horizontal rigs in the US, the Permian Basin is emerging as the last surviving epicenter...Read More+