August 10th, 2020

PETROFAC SOCAR JV SECURES PERSONNEL SERVICES CONTRACT WITH BP

August 11, 2020

Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured a contract to provide BP Azerbaijan with international payroll and personnel support services including training services.
The five-year contract, worth around US$100 million to the JV, will support the provision of international payroll and personnel support services, including support of Company personnel attending training courses inside and outside of Azerbaijan.
SOCAR vice-president for HR, IT and regulations Khalik Mammadov said:
“The service sector has contributed significantly to SOCAR’s income in recent years, with our joint venture with Petrofac becoming a major part. We are pleased to lift our partnership with BP to a new level and look forward to many decades of fruitful cooperation. Upskilling and reskilling of personnel is crucial for major companies in the age of Industry 4.0. That becomes even more important in view of the challenges brought by the current pandemic and recent associated market conditions. I strongly believe that the demand for professional training services among the leading oil and gas companies will continue to grow.”
Patty Eid, Global Head of Petrofac’s Training Services business, commented:
“BP are an important longstanding customer and we look forward to supporting them with international payroll and personnel support services including training services inside and outside of Azerbaijan. Petrofac’s Training Services business has been providing skills development opportunities across the country’s oil, gas and petrochemical industries since 2004, so this award further underpins our continued expansion in the region with key partner SOCAR.”
(Source: Petrofac)

APPLY AWARDED SEVEN- FRAMEWORK AGREEMENT FOR STATFJORD FIELD

July 07, 2020

Equinor has, on behalf of the licence partners, awarded Apply a framework agreement for engineering and installation services on the North Sea Statfjord...

Read More+

SAIPEM AWARDED $325 MILLION CONTRACT FOR BUZIOS PRE-SALT FIELD

July 07, 2020

Saipem has been awarded a contract by Petrobras for the installation of a rigid riser-based subsea system to serve the Búzios pre-salt project, in...

Read More+

DOMINION ENERGY SELLS GAS TRANSMISSION AND STORAGE ASSETS FOR $9.7 BILLION

July 06, 2020

Dominion Energy, headquartered in Richmond, VA, has executed a definitive agreement to sell substantially all of its Gas Transmission & Storage...

Read More+

TOTAL AND TEN MAJOR INTERNATIONAL COMPANIES TO ACCELERATE ENERGY TRANSITION

July 06, 2020

At the Rencontres Économiques d’Aix-en-Provence, an economic forum attended by many organizations from around the world, 11 international groups...

Read More+

SAKHALIN-1 – RUSSIA’S FIRST OFFSHORE DRILLING PROJECT CELEBRATES 25th ANNIVERSARY

July 06, 2020

25 years ago the Sakhalin-1 Production Sharing Agreement was signed between the Government of the Russian Federation, Sakhalin Regional Administration...

Read More+

NEPTUNE ENERGY DISCOVERS HYDROCARBONS AT DUGONG IN THE NORWEGIAN NORTH SEA

July 06, 2020

Neptune Energy and its partners announced the discovery of hydrocarbons at the Dugong well (PL 882) in the Norwegian sector of the North Sea.Upon entering...

Read More+

OCEAN DRILLER FIRST PURPOSE-BUILT SEMI-SUBMERSIBLE

July 05, 2020

Blue water Rig No1 is known as the first submersible to drill in floating mode, Ocean Driller became in 1963 the first purpose-built semi-submersible.Alden...

Read More+

27 AUGUST 1886 – THE KRAKATOA ISLAND BLEW ITSELF APART

July 04, 2020

Simon Winchester: Krakatoa – The day the world exploded:“It was early on and warm summer’s evening, as I stood in a palm plantation high on a...

Read More+

IN 2019 20% OF US ENERGY CONSUMPTION CAME FROM NON FOSSIL FUELS

July 04, 2020

Overall energy consumption in the United States totaled 100 quadrillion British thermal units (Btu) in 2019, only slightly less than the record set...

Read More+

HUISMAN TO INSTALL 4,000 TON CRANE ON HEAVY LIFT VESSEL GREEN JADE

July 03, 2020

Huisman, the worldwide provider of step changing technical solutions, announces today that it has been contracted by CSBC Corporation for the delivery...

Read More+

RESOURCE OPTIMIZATION IN THE OIL AND GAS INDUSTRY PROJECT MANAGEMENT

July 03, 2020

Resource optimization refers to the set of procedures and actions that are defined to match human, machinery, and financial resources with the organization's...

Read More+

GAZPROM NEFT AND ZARUBEZHNEFT TO DEVELOP TIGHT OIL RESERVES

July 03, 2020

Gazprom Neft and Zarubezhneft have signed a binding agreement on establishing a joint venture for exploration and production of hard-to-recover oil...

Read More+