Aberdeen Drilling School (ADS), the global training and consultancy company, has acquired IAS International (IAS) to enhance its training and skills management portfolio for the Middle East market. Following the acquisition, the consultancy signaled that it has its sights firmly set on growth in the region, appointing two senior directors, Graeme Eglintine and Petru Cioban. Driven by the growing demand for workforce development to meet the needs of the booming drilling market, ADS will now offer a broader portfolio of products and services, including new hire assessments, role-specific progression programs and support for the reactivation of the platform, ADS said…
Author: Automotivedealernews.com
North America added more equipment week over week, according to Baker Hughes’ latest rotary rig count, which was released on June 16. While the U.S. dropped eight teams week-over-week, Canada added 23 over the same time period, increasing North America’s total rig count by 15 week-over-week to a total of 846, which include 687 teams from the US and 159 from Canada, Baker Hughes’. sketched equipment count. The U.S. land rig count fell eight weeks midweek, Baker Hughes’ tally showed. The country had five fewer gas rigs and four fewer oil rigs week over week, while its miscellaneous rig count…
Kuwait formed its fifth government in less than a year, naming new oil and defense ministers as the OPEC member tries to break out of a prolonged political impasse that has stalled tax reform and development. Prime Minister Sheikh Ahmad Nawaf Al-Sabah, the eldest son of Kuwait’s ailing ruler, heads the line-up, which includes Saad Al-Barrak as the country’s eighth oil minister in as many years. Al-Barrak, a former Zain chief executive known for building the Kuwaiti telecommunications company into a global giant, has been critical of government bureaucracy in the past. He was also appointed Minister of State for…
The growth trajectory of the US solar industry is incredibly strong. That’s what Michelle Davis, head of Global Solar at Wood Mackenzie, stated in an opinion piece recently published on the company’s website, adding that, “within a few years, the industry will install regularly between 40 and 50 gigawatts of capacity according to our latest perspectives”. “That’s quite a feat when you consider that the most the industry has installed to date was 25 GW in 2021,” Davis said in the piece. “Over the next decade, average annual growth will be 11 percent and the installed base of projects will…
Kazakhstan’s sovereign wealth fund Samruk-Kazyna and China National Petroleum Corporation (CNPC) are collaborating to further develop Kazakhstan’s oil and gas industry, according to a fund press release. At a meeting in Astana, Samruk-Kazyna said Kazakh national oil company KazMunayGas (KMG) and CNPC will work together to increase the capacity of the Kenkiyak-Atyrau and Kenkiyak-Kumkol pipelines, which are used to transport Kazakh oil to China . The companies aim to expand the production capacity of the Kenkiyak-Atyrau pipeline to 12 million metric tons per year from six million metric tons per year, and the Kenkiyak-Kumkol pipeline to 15 million metric tons…
Who will consume more liquid fuels this year: Organization for Economic Co-operation and Development (OECD) countries or non-OECD countries? According to the US Energy Information Administration’s (EIA) latest Short-Term Energy Outlook (STEO), which was released earlier this month, non-OECD countries will consume 55.02 million of barrels per day this year and OECD countries will consume 46.00 million barrels per day. Within non-OECD countries, China is expected to consume 15.95 million barrels per day, while the rest of Asia is expected to consume 14.06 million barrels per day. Non-OECD Europe is expected to consume 0.76 million barrels per day, non-OECD Eurasia…
The Australian unit of Chevron Corp. has signed a 20-year agreement to hire TechnipFMC PLC for subsea gas production systems, the hydrocarbon engineering company said. The make-to-order agreement with Chevron Australia Pty. Ltd. for projects on Australia’s northwest coast “covers the supply of wellheads, tree systems, manifolds, controls, flexible bridges and flywires,” TechnipFMC said in a press release on Thursday. TechnipFMC will use its trademark Subsea 2.0 package, which it says is an engineer-to-order solutions upgrade. “Subsea 2.0™ is a field-proven technology that reduces engineering complexity and shortens delivery times,” commented TechnipFMC Subsea President Jonathan Landes. The Newcastle-based company previously…
The U.S. Department of Energy (DOE) has awarded $77 million in the second rollout of an electricity supply modernization grant, bringing total awards to $127 million. Seven states, three tribal nations and the District of Columbia have been selected for the second batch of Grid Resilience State and Tribal Formula Grants, a five-year, $2.3 billion program to protect the grid from natural disasters such as storms and wildfires . The state of Pennsylvania has the highest share at $16.2 million. This is for projects in both rural and urban communities that “improve the health of residents by deploying energy projects…
The Energy Workforce & Technology Council (EWTC) has awarded $34,000 in scholarship funding for the 2023-24 school year to 54 students through its scholarship program. Award-winning students are spread across more than 37 different colleges and universities across the country. EWTC noted that since its inception, the program has awarded more than $4 million to help dependents of association members attend institutions of higher learning, obtain undergraduate and advanced degrees, and begin careers in success. “Developing our future leaders, innovators and workforce, especially across our industry, is a critical mission that we are committed to supporting,” said Molly Determan, President,…
Legal & General Investment Management, Britain’s biggest asset manager, said it wants Shell Plc to explain how it believes it can still reach net zero emissions by 2050 while increasing investments in fossil fuels. Shell said on Wednesday it intends to devote an ever-increasing share of annual spending to oil and gas, a strategy climate campaigners have described as “disastrous”. Shell says it can still meet its promise to shareholders to eliminate emissions by mid-century, but did not say how. At the same time, the company signaled that it will restrict spending on renewable energy projects to those it believes…