Statoil, on behalf of the Johan Sverdrup partnership, awarded a US$133.5 million contract to ABB for land-based power supply to phase 1 of the Johan Sverdrup field development. The Johan Sverdrup concept…
The Middle East will be one of the key markets for oilfield services companies for decades to come as countries across the region seek to maximize recovery from maturing assets and bring new fields into production, according to leading energy specialist corporate advisory firm Simmons & Co…
A consultation period over the environmental impact assessment for the giant Johan Sverdrup development and its power supply proposal has started, Statoil announced today (November 3). Johan Sverdrup is one of the biggest discoveries…
The latest EIC Monitor report paints a mixed picture of activity across the global upstream sectors in 3Q 2014, with a large decline in upstream activity. The global oil and gas industry has followed a gentle downward trajectory of project…
OneSubsea signed a 10-year global frame agreement with BG Group to supply subsea production equipment and aftermarket services. The agreement establishes a framework for BG to pursue a standardized approach to subsea production technology…
Iona Energy UK Ltd. finalized agreements with CNR International Ltd. for the off-take arrangements for the Orlando field development located in the UK northern North Sea. Map of the Orlando and Kells developments…
Atlantic Petroleum says the Orlando field development in the UK North Sea continues to progress to end of 2016 field oil. The field, in Block 3/3b in the northern North Sea, is being developed as a subsea tie-back to the CNR International operated Ninian Central platform…
Maersk Oil UK has been given approval from the UK and Norwegian authorities to develop the Flyndre and Cawdor fields. The fields lie about 293 km south east of Aberdeen in UK North Sea Blocks 30/13 and 30/14 (Flyndre and Cawdor) and Norwegian North Sea Block 1/5 (Flyndre only)…
Statoil has started production from the Visund North oil and gas field in the Norwegian sector of the North Sea. The total recoverable reserves are estimated at 29MM boe and the total investment for the field development is NOK3.3 billion…
Lundin Petroleum subsidiary Lundin Malaysia won the approval of its Bertam field development plan from Malaysia's Petronas. The Bertam field marked Lundin’s first development project in the country. Bertam, located about 100 mi offshore Peninsular Malaysia in PM 307…
EPC Offshore was acquired by Costain, one of the UK's Tier One engineering solutions providers. The deal marks the launch of Costain Upstream, a new divisional operation combining EPC Offshore’s capabilities with ClerkMaxwell, the oil…
Engineering and construction firm Foster Wheeler has bought Aberdeen-based upstream consultancy Ingen Ideas. Ingen specializes in field development and project decision support, focused on the evaluation and implementation of oil and gas field developments…
Natural gas production will begin this year from the Kirinskoye gas and condensate field under the Sakhalin III project, Gazprom announced. It said that for the first time in Russia's history subsea production systems will be used to produce natural gas…
The UK’s prolonged winter muted drilling and deals growth in the North Sea after a strong finish to 2012, according to a new report from Deloitte, the business advisory firm, into offshore activity. The report, compiled by Deloitte’s Petroleum Services Group (PSG)…
Statoil has awarded the contract for drilling services on the Mariner platform on the UK continental shelf to UK-based Odfjell Drilling.'Mariner is the largest new offshore development in the UK in more than a decade. Over its lifetime the project…
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