North Sea bosses head to oil rig after shock strike action

 

North Sea oil bosses will later today face disgruntled rig workers following an unofficial strike at the weekend over working conditions on a multi-billion pound Statoil project.

The management of services ­company Aker Solutions will travel ­almost 100 miles off the coast of ­Shetland to the Mariner platform.

It comes after workers downed tools over the weekend and threatened to ­escalate action unless their demands are met.

A four-hour sit-in took place on Saturday morning and again on Saturday evening without the involvement of trade unions. James Furie, a representative for the workers, has claimed that as many as 200 workers from Aker ­Solutions took part in the strike alongside 50 workers from Stork, a subsidiary of services group Fluor.

“The workers are protesting against poor working conditions, poor ­management, possible blacklisting and having an offer of a bonus removed,” Mr Furie said.

“This action will escalate if Aker and Statoil think they can continue to treat us this way,” he added.

A major escalation at the rig could potentially delay the start of oil ­production.

This is expected in the second half of this year and reach production rates of 55,000 barrels of oil a day for the next 30 years.

A spokesman for Aker Solutions ­declined to comment on the number of workers involved.

He said the Norwegian services group was “made aware” of the strike, but has received no official ­notification, and confirmed it is looking into this matter.

Source: North Sea bosses head to oil rig after shock strike action

An official at the National Iranian Oil Company said negotiations with Denmark’s Maersk Group over the development of South Pars oil production project have not yielded positive results yet.

“Parallel talks have started with other multinationals to undertake the megaproject,” said Karim Zobeidi, the head of a special department at NIOC that oversees the performance of reservoirs, ISNA reported on Tuesday.

Pointing to the $7.45 billion deal between the French energy major Total and the Copenhagen-based giant that was concluded last month, Zobeidi said, “Because Total has purchased Maersk’s oil and gas business, we should follow the talks more prudently.”

Source: South Pars Oil Talks With Maersk Underway | Financial Tribune

KBR

KBR Awarded EPCM Services contract for JVGAS projects in Algeria

HOUSTONOct. 2, 2017 /PRNewswire/ — KBR, Inc. (NYSE: KBR) announced today it has been awarded an engineering and project management services contract by JVGAS – a joint venture of Sonatrach, Statoil and BP – for the provision of engineering, procurement and construction management services in Algeria.

Under the terms of the contract KBR will provide detail design engineering, procurement services as well as construction management at the major gas developments at In Salah Gas and In Amenas. This work, which is expected to be performed over 48 months, will be a KBR collaboration with engineering and the procurement services being performed from the UK and Chennai offices in partnership with the local, in-country, engineering office.

Source: KBR Awarded EPCM Services contract for JVGAS projects in Algeria

Kuwait Greenlights Game-Changing Gas Fields Project After Years of Delay | OilPrice.com

Kuwait is giving the go-ahead for the development of non-associated gas fields following nearly seven years of delays

Source: Kuwait Greenlights Game-Changing Gas Fields Project After Years of Delay | OilPrice.com

BP Delivers Phase One Of Khazzan Tight Gas Project In Oman Ahead Of Schedule | Markets Insider

(RTTNews) – Energy giant BP Plc (BP.L, BP_UN.TO, BP), together with the Ministry of Oil & Gas of the Sultanate of Oman, announced Monday that production has begun from the giant Khazzan gas field ahead of schedule and under budget.

Source: BP Delivers Phase One Of Khazzan Tight Gas Project In Oman Ahead Of Schedule | Markets Insider

Tullow gets green light for Ghana oil drilling | Business | The Times & The Sunday Times

 

Tullow Oil shares are expected to jump tomorrow after an international tribunal ruling paved the way for the explorer to begin new drilling on a $5bn project in west Africa.

Source: Tullow gets green light for Ghana oil drilling | Business | The Times & The Sunday Times

Brazil keen to co-op with Iran on Caspian oil project

Brazilian Petrobras is interested to take part in Iran’s oil projects in Caspian Sea.

Source: Brazil keen to co-op with Iran on Caspian oil project

KBR wins PMC contract for key ADNOC projects

American EPC major KBR has reportedly won a project management consultancy (PMC) contract for two major projects in Abu Dhabi.

The contract awarded by Occidental Abu Dhabi on behalf of the state oil giant Abu Dhabi National Oil Company (ADNOC) is for the management of the front-end engineering and design services (FEED) phase of the Dalma gas field development and the detailed design and surveys phase of the Hail and Ghasha Islands project in Abu Dhabi.

 

Source: KBR wins PMC contract for key ADNOC projects

Enquest hit by delays at North Sea oil project

North Sea oil company Enquest has taken a 10pc blow to its market value after telling investors that delays to a cornerstone project have cut into to its production for this year.

Source: Enquest hit by delays at North Sea oil project

Tullow sells Uganda stake to Total for $900m

Tullow Oil had sold two-thirds of its stake in Uganda’s first ever oil development to its partner, French major Total, for $900m.

Source: Tullow sells Uganda stake to Total for $900m