Companies in the news

Baker Hughes has broke ground on its first chemicals manufacturing facility in Saudi Arabia. The facility reportedly is designed to help customers improve production, reduce costs and maximize the value of their assets across the chemicals value chain. It will deliver the company’s full portfolio of chemical services and technology solutions for hydrocarbon production, transmission, processing and petrochemicals. Image: Baker Hughes.

SBM Offshore has secured contracts from ExxonMobil subsidiary Esso E&P Guyana Limited, which will see it perform the FEED for the FPSO (to be named Prosperity) on the Payara development project, on Guyana’s Stabroek Block. Following FEED, and subject to government approvals, project sanction and an authorization to proceed with the next phase, SBM Offshore will construct, install, and lease and operate the FPSO for up to two years. Prosperity’s design will be based on the company’s Fast4Ward program, which combines its newbuild, multi-purpose hull with several standardized topsides modules. Image: SBM Offshore.

Schlumberger’s OneSubsea has been awarded a frame agreement by A/S Norske Shell for an EPCI contract covering the supply of a subsea multi-phase compression system at Orman Lange field, in the Norwegian Sea. Contract terms call for OneSubsea and Subsea 7 to supply and install a subsea system that reportedly uses the industry’s only subsea multi-phased compression technology. The system will be powered and controlled from the Nyhamna onshore gas processing plant, approximately 120 km from the subsea location—a world record tie-back distance for transmitting variable-speed power from an onshore facility to equipment on the seabed.

Oilfield Helping Hands (OHH) has reached a significant milestone. Since its founding in 2003, the organization has now shared $5 million with oilfield families in need. The non-profit organization’s mission has been to provide financial assistance to oilfield workers in financial crisis, who live or work in the designated territories of an OHH chapter, through corporate memberships and fundraising events.

Smart infrastructure solutions company Costain has been awarded £4 million of design, engineering and consultancy contracts. The contract awards, which will be delivered by the company’s Aberdeen team, will include topside modification projects for several subsea tie-backs in the North Sea—
both at FEED and pre-FEED phases. Other work includes the pre-FEED for carbon capture usage and storage projects that include onshore and offshore dimensions. Image: Costain.

A consortium made up of Fluor Corporation and the KazNIPmunaigas branch of KMG Engineering LLP has been awarded a three-year engineering services agreement by Karachaganak Petroleum Operating BV (KPO)—a JV with Shell, Eni, Chevron, Lukoil and KazMunaiGas—for projects at Kazakhstan’s Karachaganak field. The agreement also includes two potential one-year extensions, according to Fluor. The scope of work includes feasibility studies, FEED and other engineering services.

In Angola, Innovo and Sparrows have completed a flexible lay spread contract for a major oil and gas contractor with Innovo’s Innodrive 700T electrical Reel Drive System (RDS) and a Sparrows tensioner integrated with under-deck carousel. Innovo’s scope of work reportedly included the design, build and installation of the associated vessel grillages, reel saddles, reel loading guides, along with installation and operation of the RDS system. Image: Innovo.

Total is selling its wholly owned subsidiary, Total E&P Deep Offshore Borneo BV—which holds an 86.95% interest in Block CA1, situated approximately 100 km off the coast of Brunei—to Shell for $300 million. Block CA1 covers about 5,850 km², with water depths ranging from 1,000 m to 2,500 m. Total presently operates the block alongside partners Murphy Oil (8.05%) and Petronas (5%).

In response to increasing demand for its drilling equipment, Paradigm Drilling Services (PDS) has expanded into the Middle East and Mexico. The company has introduced a new range of tools to these markets over the past year which, it says, is gaining interest. The tools, focusing on torque reduction and improving drilling efficiency, are designed to deliver better-quality wellbores, while reducing costs and risks.

International energy logistics provider Peterson has renewed a long-term contract with Premier Oil for the provision of integrated logistics services to support operations in the North Sea. The contract, reportedly worth over £20 million, will see Peterson support Premier for up to a decade, with the first five years confirmed, plus an optional five-year extension. The scope of work includes coordinating and managing resources, capabilities and technology, and applying intelligent logistics to deliver value through increased transparency and efficiency.

Petrofac has secured several new contracts for the provision of FEED and conceptualization studies in Oman and Libya. In Oman, the company reportedly will support Flare to Value LLC by producing a basic engineering package to recover gas that is currently flared at three onshore locations. In Libya, Petrofac has been awarded a contract by Waha Oil Company to produce a FEED for its Gialo III field. It also has been awarded a four-month conceptual and pre-FEED study for the rehabilitation of Dahra field in Libya’s Concession 32.

Fairfield Geotechnologies has completed acquisition of the Waynesburg III multi-client 3D program in southwestern Pennsylvania and northwestern West Virginia. According to the company, the 120-mi² program will add to its growing multi-client library in the Appalachian basin. The Waynesburg III survey is expected to deliver high-fold, full-azimuth subsurface coverage necessary for high-resolution seismic imaging of the primary objective Marcellus formation. It will be processed by the company to optimize the data for elastic inversion and subsequent analysis and prediction of reservoir properties. Delivery of a fast-track image is anticipated for early first-quarter 2020, and final pre-stack time migration is expected in second-quarter 2020.