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Oil set for third weekly drop as rising US output blunts cuts

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Oil headed for a third weekly drop as U.S. crude output rose to a two-year high and Chinese refining slowed, signs that the world’s two biggest consumers may stymie OPEC-led efforts to trim a global glut. Futures were little changed in New York, down 3.5% for the week. US production had the biggest weekly advance […]

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North Sea ‘very much’ part of Maersk Oil’s growth plans

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Maersk Oil claims the UK North Sea is ‘very much’ part of the Danish operator’s international growth plans. It comes after the oil division of the Danish conglomerate posted strong half yearly results. Profits were up £80million year-on-year to $205millon at the end of June. And revenues jumped 18.7% to £2.1billion due to cost cutting […]

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Software specialist Arnlea lands contracts with operators Chevron and Chrysaor

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Oil and gas asset management software specialist Arnlea has secured contracts with two major operators. The Aberdeen-based firm has signed an agreement with Chevron for the deployment of a mobile software inspection and maintenance product used in hazardous areas, across five of the operator’s North Sea assets. Chrysaor, which acquired a package of North Sea […]

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ITF hosts decommissioning debate during SPE Offshore Europe to fast-track technology solutions

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The Industry Technology Facilitator (ITF)’s next Innovation Network Tech Talk event will focus on efficient and cost-effective decommissioning and well abandonment. The free event bring together technology developers, industry bodies, service companies during the week of SPE Offshore Europe at the Chester Hotel, Aberdeen. According to the latest cost estimate from the Oil & Gas […]

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Video: Remarkable turnaround at Orkney terminal creates hope for future

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The Flotta oil terminal in Orkney is enjoying a renaissance just four years after thoughts were turning to winding down the facility. At that time, the terminal appeared to have no long-term future, but a transformation programme initiated by its operator and an oil handling arrangement for the Golden Eagle field turned things around. Yesterday, […]

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VIDEO: BP’s seven start-ups for 2017

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BP has released a promotional video about its seven start-up projects coming onstream in 2017. The supermajor said this is one of the most significant years for commissioning new projects in its recent history. Together with the projects already brought on line in 2016, these new projects will make a huge contribution to the 800,000 […]

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KBR awarded pre-FEED engineering and project support contracts for BP’s Tortue Project

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US contractor KBR has been awarded pre-front end engineering design (FEED) and project support services contracts by BP. The work is in connection with the development of the Tortue / Ahmeyim field offshore Mauritania and Senegal. KBR won the contracts under its global services agreement with the supermajor. The project support will cover the design […]

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Libya gets better at keeping oil flowing as industry stabilises

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Libya’s getting better at resolving stoppages in its oil industry, underpinning a growing perception that the OPEC member is closer to becoming a stable producer again. That’s because of the duration of the incidents. While in prior years protests could shutter fields for months and years, now the stoppages are being resolved within days and […]

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ConocoPhillips moves forward with historic North Sea field decommissioning

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US operator ConocoPhillips is undertaking further decommissioning work on Norway’s original offshore oil and gas field. The Ekofisk was the Scandinavian country’s first producing field, coming onstream back in 1971, and one of the largest in the North Sea. The total number of manned and unmanned installations that have been in operation in the Greater […]

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Repsol-Sinopec celebrates Flotta oil terminal’s 40th year

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A ceremony will be held in Orkney today to mark four decades of service for the Flotta oil terminal. Senior management from operator Repsol Sinopec Resources UK (RSRUK), Alistair Carmichael, MP for Orkney and Shetland, and local councillors are due to visit Flotta, where a plaque will be unveiled to mark the occasion. The terminal’s […]

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Statoil receives consent for exploration drilling at Gina Krog

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Statoil has received consent to drill a sidetrack exploration well on the Gina Krog field in the North Sea. The oil and gas field is located 250km west of Stavanger and 30km north-west of the Sleipner A facility in the North Sea. The field came on stream in 2017. Exploration well 15/6-14 S is to […]

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Statoil given consent for Valemon drilling

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Statoil has received consent to finish drilling on the Valemon field in the northern North Sea. The Norwegian operator is using the West Elara mobile drilling facility to drill and complete production wells 34/11-B-6 and 34/11-B-16. Planned drilling start-up is September/October 2017. Operations are expected to last for 160 days. Valemon is a gas and […]

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Pioneering renewables project will keep the lights on in Peterhead as Statoil sets sights on UK wind hub

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A pioneering new North Sea renewables project will be supplying power to the north-east of Scotland in a matter of weeks. Statoil’s Hywind project is the world’s first ‘floating’ wind farm. And the 30 megawatts generated by the five turbines at the site, 15 miles off Peterhead, will soon be supplying electricity directly to the […]

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Warren Buffet stands by $9billion bid for Texas utility giant

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American business magnate Warren Buffett is “standing firm” on his Berkshire Hathaway Energy’s $9billion offer to acquire 80% of Oncor Electric Delivery Company LLC (Oncor). The billionaire investor, who is chairman and chief executive of the Berkshire Hathaway Group, said he and his energy subsidiary chairman Greg Abel would not be increasing its offer for […]

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Maersk Oil powering ahead with Culzean as profits soar

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The oil division of Danish conglomerate Moller-Maersk reported a strong performance in the first half of 2017 and made progress with its flagship North Sea project. Maersk Oil, which expects first oil from the Culzean field in 2019, achieved profits of £405million in the first half of 2017, up from £80million a year ago. Revenues […]

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About SITEK

SITEK is a small, privately owned business delivering corporate-class support services to the oil and gas, energy, chemical and process industries in the East of England and the UK North Sea.

Exceptional quality, safety, productivity and seamless continuity are the four cornerstones of our business upon which we have established an exemplary track record over the last five years, and a solid foundation for future growth.

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