Content about oil and gas

Shell Iraq is part of a consortium working to significantly increase production at the Majnoon oil field in southern Iraq. But the project has not been easy: some of the major challenges to date have included de-mining, safety and marsh preservation, as Becky Done discovers.

Failure to keep and maintain accurate supply chain data can spell disaster in the event of an emergency—or even contribute towards one, as Anurag Dixit explains.

US-based Select Energy Services has entered the Canadian market with the completion of its purchase of WTR Transfer Services Ltd. (WTR).

Headquartered in Houston, Texas, Select Energy Services provides engineered water solutions to the oil and gas industry, and well-site services to energy producers.

WTR performs water transfer services for the shale drilling industry in western Canada, specializing in high volume water transfer through a "no leak" water transfer system.

AIM-listed oil and gas exploration and development company Europa Oil & Gas has announced a significant improvement in UK production and revenues generated during the six month period ending 31 January 2012.

The company has a combination of producing and exploration assets in Europe, including three producing assets in the UK, all located onshore in the East Midlands. It has a 100 per cent working interest in the West Firsby and Crosby Warren fields and a 65 per cent working interest in the Whisby 4 well.

UK oil and gas producer EnQuest has acquired a further 25 per cent stake in the Kraken oil discovery from Nautical Petroleum.

EnQuest will pay up to $240 million for the stake, together with interests in surrounding exploration acreage, based on the determination of gross reserves.

The acquisition will bring EnQuest’s stake in Kraken up to 45 per cent, following its previous purchase of a 20 per cent stake from oil and gas explorer Canamens earlier this month. Nautical retains a 25 per cent interest, with First Oil holding the remaining 30 per cent.

Iraq has disclosed detailed information about the revenue it received from oil and gas exports in 2009 in a special report.

Iraq's disclosure of the $41 billion it received demonstrates its commitment to the EITI standard, the global standard for transparency of resource revenues.

The information is published in Iraq's first EITI Report, which details production figures and revenues from the sales of oil abroad in 2009.

SPX Corporation has completed its acquisition of CLYDEUNION Pumps, a UK based global supplier of pump technologies used in oil and gas processing, power generation and other industrial applications.

In the final agreement as amended 22 December, 2011, the total purchase price comprises £500 million sterling, paid at closing, plus a potential earn-out payment in 2013 based on 2012 EBITDA performance.

Rockhopper Exploration has announced the discovery of more oil and gas in the North Falklands Basin.

The oil and gas exploration company drilled in multiple reservoir targets: Beverley, Casper South, Casper and Sea Lion Main Complex.

The positive drilling update is expected to raise estimated reserves of hydrocarbons across the four fields.

The Sea Lion discovery was the first oil to flow to surface in Falkland Islands waters, having been successfully tested during September 2010 and June 2011.

Bridge Energy’s balanced portfolio of exploration and production oil and gas projects across the North Sea makes it an attractive investment as it sets out to list in London as well as Oslo.

Southern Engineering Company Limited and Alpha Logistics Services (EPZ) Ltd, part of the Alpha Group of Companies’ brand, is benefiting from international interest in East Africa. But it is no newcomer: it has been building ships and delivering marine engineering and logistics solutions at Mombasa for decades.

Norway’s AGR Group has agreed to sell its field operations business, AGR FO, to the Norwegian subsidiary of Oceaneering International.

Headquartered in Bergen, Norway, AGR FO is a provider of inspection, maintenance, subsea engineering and field operations services, principally to the oil and gas industry.

The acquisition price is expected to be approximately $240 million (1.36 billion Norwegian kroner) with the transaction expected to close by the end of 2011. For 2012 Oceaneering expects the acquisition to add approximately $10 million of net income.

One of Kuwait’s oldest pipeline construction companies is gearing up for growth. General manager Mohammad Al-Hazza’a talks to Gay Sutton about strategic partnerships and the value of longstanding staff loyalty.