US$75-80 barrel oil price will be the new norm, industry commentators predicted Tuesday morning. But how long it will take to get there is the greatest uncertainty. Elaine Maslin reports. Uncertainty around how long oil prices will remain around US$50/bbl and…
Statoil is bringing the Transocean Spitsbergen semisubmersible back to the waters to drill a wildcat well in the Snedrid Nord prospect, after gaining consent from the Petroleum Safety Authority Norway (PSA). Transocean Spitsbergen…
North Sea oil independent EnQuest is expecting its 2015 production to be at least 10% above previous expectations, and announced a 40% cut in capital spending, easing concerns the firm could breach debt covenants. EnQuest said 2014 production was up 17% compared to 2013…
Flow technology specialist SPX has opened a new Aberdeen Service Centre to provide local specialised pump repair services to independent oil companies and service providers in the North Sea oil and gas sector. Located in the ABZ Business Park…
UK Prime Minister David Cameron has reinforced the government’s support for the North Sea oil and gas industry at a meeting with industry representatives, hosted jointly with Treasury ministers Danny Alexander and Priti Patel. Chief Secretary…
Faroe Exploration is planning four exploration wells offshore Norway in 2015 - Shango, Pil, Blister and Kvalross. Shango, operated by Total (Faroe 20%), is in the Norwegian North Sea on the northern part of the prolific Utsira High. The…
Maersk Drilling's Maersk Interceptor harsh environment jackup drilling rig has started production well drilling on Det norske oljeselskap's Ivar Aasen development in the Norwegian sector of the North Sea. The drilling campaign will last…
J+S created a bespoke engineering solution to terminate HV connectors complete with pigtails onto an existing umbilical. The solution required replacement of a single 3-phase connector with separate phase connections to each core. J+S enabled an in-field assembly onto the existing umbilical…
Cairn Energy has completed a farm to Dyas UK, comprising a 10% interest in the Premier Oil-operated Catcher development and adjacent acreage in the UK North Sea. In return for the 10% stake, Dyas will carry Cairn’s exploration and development costs up to a cap of US$182 million…
The first construction work on what will become the UK's first offshore tidal power array started in Scotland today (21 January). Contractors started work on a 340m access road for the MeyGen tidal stream project, says Atlantis Resources…
International accountant and shipping adviser Moore Stephens says companies in the offshore maritime sector could be among those hit by a 25% Diverted Profits Tax (DPT) charge under draft UK legislation scheduled to enter force in April 2015…
Statoil has continued a contract award spree on its giant Norwegian North Sea Johan Sverdrup project, awarding Aker Solutions a US$590 million detailed engineering contract. Johan Sverdrup, which sits in on the Utsira High, 140km west of Stavanger…
DONG Energy provides this time-lapse video of the Herje topsides construction process, which took place from April to October 2014. Hejre is Dong Energy’s first high-pressure, high-temperature (HPHT) development and is expected to begin production in 2017 with an estimated 170 MMboe…
Kværner Verdal is delivering the riser platform jacket for the giant Johan Sverdrup field under a US$261 million contract. The Johan Sverdrup concept. From Statoil. The Johan Sverdrup field is on the Utsira High in the North Sea…
An incident on the BP-operated Central Area Transmission System (CATS) riser platform during a restart in the middle of December means output on the Huntington field, and others, remains restricted. Partners in the E.ON operated Huntington field…
Subscribe
