Industry & technology

resignation

Royal Dutch Shell’s New Energies boss Mark Gainsborough will step down in April and be replaced by Elisabeth Brinton, who joined the business in 2018 and will oversee the company’s plans to expand its low-carbon and power business. Gainsborough, a 39-year Shell veteran, set up Shell’s New Energies four years ago as the oil and gas company faced heavy investor pressure to meet the 2015 Paris climate agreement to …

carbon

Researchers at EPFL, a technical university located in Lausanne, Geneva, have developed a new carbon capture concept which has the ability to cut trucks’ CO2 emissions by almost 90%. The concept captures the CO2 within the exhaust system, converts it into a liquid and stores it on the vehicle. The liquid CO2 would then be delivered to a …

SeaBird CFO

Norwegian seismic acquisition company SeaBird Exploration has said that its CFO Nils Haugestad has resigned and will leave the post on March 31, 2020. Haugestad has been CFO in SeaBird for more than 6 years. In a statement on Thursday, SeaBird said Haugestad had been instrumental in the refinancing of the company during the 2014-2017 …

SOCAR

Oilfield services provider Petrofac, in a joint venture with Azerbaijan’s SOCAR, has secured a project management services contract to support BP’s operations in Azerbaijan and Georgia. Petrofac said on Monday that the three-year contract would support both onshore and offshore activity for the BP-operated projects in the Caspian Sea area. This included Azeri-Chirag-Gunashli (ACG), Shah …

Norway

Norwegian oil and gas company Aker BP has executed the first successful “Single-Trip Multi-Frac” campaign on the Valhall field located offshore Norway. This specific method of well stimulation has never been done offshore before, according to Aker BP. With a sleeve installed in the completion that can be opened and closed down in the well, …

Venezuela

A subsidiary of Rosneft has taken over some contract discussions with local service providers in Venezuela, stepping in for PDVSA on joint projects with the state-owned oil company, according to people familiar with the matter. The move is a major turnabout for PDVSA, which in the past typically operated all aspects of the joint ventures, …