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BP invests in carbon-offset monetization firm

BP invests in carbon-offset monetization firm

BP Ventures has invested $5 million in Finite Resources Inc, parent company of Finite Carbon, a US-based forest carbon management company. BP recently announced a new joint venture with US agri-commodities company Bunge. Innovative enhanced recycling technology capable of processing PET plastic waste which currently goes unrecycled. The investment will enable Finite Carbon to grow...

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EnerMech wins five-year LNG contract in Australia

EnerMech wins five-year LNG contract in Australia

EnerMech Australia has been awarded a five-year contract to provide specialist nitrogen. EnerMech has announced a key appointment as part of its next phase of growth with Alex Goude. MInteg has been awarded its largest contract to date and will supply inspection services to a major oil and gas operator. The flange management services to...

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Dolphin Drilling lands semisub contract with Shell

Dolphin Drilling lands semisub contract with Shell

Global contractor Dolphin Drilling has secured further work for its Borgland Dolphin semi-submersible drilling rig. The oil rig has left a £50,000 cash donation. Olsen Energy ASA, has entered into a contract for the provision. The company has won a contract with AS Norske Shell in Norway to provide rig support. The majority lenders under...

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Wild Well Control adds new 10,000 psi-rated capping stack to WellCONTAINED program

Wild Well Control adds new 10,000 psi-rated capping stack to WellCONTAINED program

Wild Well Control, a global leader in well control and engineering services. When designing and fabricating offshore platforms, oil and gas operators must consider many complex factors. WellCONTAINED is increasing its European regional response capabilities by adding a 10,000 psi-rated capping stack. Mr. Ellis succeeds Freddy Gebhardt as President and has been with Wild Well...

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PJ Valves secures three FPSO supply contracts

PJ Valves secures three FPSO supply contracts

PJ Valves (PJV), the specialist manufacturer and supplier of valves for the global energy industry. PJ Valves have secured a number of contract awards to manufacture valve packages for a North Sea project. PJV are proud to have received another piece of prestigious recognition of export success. This year company received the Queen’s Award for...

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Iran seizes UK tanker as tensions soar

Iran seizes UK tanker as tensions soar

Iran’s Revolutionary Guard Corps seized a British oil tanker in the Strait of Hormuz amid soaring tensions. The rial was 118,000 against the dollar on last saturday. A recording has emerged of Iranian coastguards telling a British Royal Navy. Ali Larijani, has announced that the detaining of the British oil tanker Stena Impero on July...

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TechnipFMC awarded significant subsea contracts in India

TechnipFMC awarded significant subsea contracts in India

TechnipFMC has been awarded significant subsea contracts by Reliance Industries Limited. ConocoPhillips has rewarded oil and gas leader TechnipFMC’s client commitment. TechnipFMC accepted its Spotlight on New Technology award. TechnipFMC was honored with a prestigious OTC Spotlight on New Technology award. TechnipFMC/Fluor resources will provide assistance to the Sasol team at the LCCP project. TechnipFMC...

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DNO awarded two new exploration licenses on UKCS

DNO awarded two new exploration licenses on UKCS

DNO ASA is the Norwegian oil and gas operator. DNO withdrew its request for seats on the board of Faroe Petroleum. DNO ASA announced that the Peshkabir-2 well located in the Kurdistan region of Iraq. DNO is to study the development of an oil field in Iran. Norwegian oil and gas operator DNO ASA has...

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EMGS has proposed changes to its board

EMGS has proposed changes to its board

EMGS, Mr. Eystein Eriksrud, has notified the company that he will not seek re-election. Norway’s Electromagnetic Geoservices (EMGS) has received a letter of intent for a fully pre-funded. Norwegian geophysical services company Electromagnetic Geoservices has received a purchase order. EMGS has received a contract for data licensing. EMGS has said that the market outlook for...

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Subsea technologies to be explored in Brazil

Subsea technologies to be explored in Brazil

Industry body Subsea UK is inviting UK organizations to participate in the ‘UK and Brazil. Subsea Technologies Ltd (STL) has secured a £1.6 million contract with an international engineering services. Aberdeen-based subsea technology specialist STL has been awarded a Norwegian patent. Subsea Technologies Limited (STL) has introduced a new service. Subsea Technologies Limited (STL) has...