Aug 11, 2017

BP finds success in US natural gas well test

Energy Policy
Natural Gas
Jonathan Dyble
1 min
BP announced the discovery of what it has called a “significant source of US natural gas supply” following successful well tests in Mancos Shale...

BP announced the discovery of what it has called a “significant source of US natural gas supply” following successful well tests in Mancos Shale, New Mexico.

The company bought assets in Mancos at a time when there were no gas rigs operating in the region back in 2015.

"Everyone is trying to find another play," said James Sullivan, analyst at equity research firm Alembic Global Advisors, as more drillers move to less popular regions with acquisition costs in proven fields rising.

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The newly discovered Mancos Shale Well has averaged 12.9mn cubic feet per day in the first month reports state, the highest output in the region for 14 years.

Dave Lawler, Chief Executive Officer of BP’s US onshore oil and natural gas stated that the find “gives us confidence to pursue additional development of the Mancos Shale, which we believe could become one of the leading shale plays in the US.”

The find adds to BP’s existing resource base of six million acres of acquired land, producing around 300,000 barrels of oil per day in total.

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May 6, 2021

Global Offshore rebrands Enelift and invests in global hubs

Tubulars
rebrand
Globalhubs
Dominic Ellis
2 min
Enelift plans to augment existing solutions with robotics and remote operational and training technology

Global Offshore has rebranded Enelift and will invest "a seven-figure sum" in establishing new support hubs in Houston, Dubai, Singapore, Perth and the Caspian during the next six months.

The investment will cover oil, gas and renewables, mainly concentrating on manufacturing capability with associated R&D, as well as in stock held in the hubs.

The company’s flagship Hinge Lok technology provides aluminium, non-welded light weight transportation cradle for casing and tubing. Enelift now plans to enhance its offering by augmenting its existing solutions with robotics and remote operational and training technology, which will reduce manpower for handling offshore equipment that is transported and stored using the Hinge Lok system.

Enelift is partnering with "a Japanese robotics company" and the technology will be trialed with "a Norwegian operator on a Norwegian drilling rig", according to a statement.

Operating from its bases in Aberdeen, UK and Esbjerg, Enelift was founded by 35-year industry veteran and Managing Director Paul Brebner 10 years ago to offer the offshore energy industries safe, reliable and efficient storage and transportation of equipment.

The expansion plans are bolstered by the appointment of Jim Clark of the Craigendarroch Group to Chairman, and Adam Maitland to Non-Executive Director. Maitland is the Managing Director of Hutcheon Mearns IF, and brings his wealth of expertise in the field of corporate finance.

Brebner said Enelift may be a new name in the market, but the experience it brings is "industry renowned".

"Our solutions are underpinned by safety that enables inefficiencies and their associated costs to be eradicated – meaning operational personnel can focus doing what they do best, safely. We remain committed to providing the safest storage and transportation solutions for equipment in the sector as we grow our global operations," he said.

Clark said the market is changing and its solutions fully support customers’ economic and safety aspirations.

"We are very well placed to take full advantage of increasing opportunities in the Middle East, Africa, Far East and Americas. Safety is our absolute commitment to our customers and our support hubs will facilitate this. Aligning our identity to our entire offering ensures that we will drive our expansion through new products and global support sites across the rest of this year."

 

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