Lime Petroleum Norway, a jointly-controlled entity of Malaysia-based Hibiscus Petroleum Berhad and Singapore-based Rex International, surrendered three licenses in the North Sea, following the deadline for a drill or drop decision by 23 July 2014…
Topsides were lifted into place on the 9150-tonne steel jacket on the Valemon field in the Norwegian North Sea on 28 July, operator Statoil announced. Statoil's Valemon. Photo from Statoil's Andre Osmundsen…
Total E&P UK’s HPHT Elgin Franklin complex. Image from Total E&P UK. High-pressure, high-temperature developments are on the increase in the UK North Sea…
Launched in 2010, CGG’s Oceanic Vega is a purpose-built high-capacity seismic vessel optimized for reduced noise and fuel consumption. It carries DNV-CLEAN notation for the lowest environmental impact. Photo from CGG…
Former SSE utility boss Ian Marchant has joined tidal energy firm Nova Innovation as its chairman. Marchant was chief executive of SSE, a large UK-based utility company, for 10 years, before standing down in 2013. Earlier this year…
The Society of Petroleum Engineers' (SPE) Aberdeen section is making a milestone this year - it is the group's 40th anniversary - with a black tie dinner at top tier industry speakers from Shell, BP, Statoil, and Schlumberger. The…
Watch as pipelay support vessel Sapura Diamante undergoes trials in the North Sea. IHC Merwede's fully-integrated pipelay vessel, a first for the Dutch shipbuilder, was contracted by SapuraKencana and Seadrill Brazilian joint venture…
The UK Government has launched a consultation into a proposed tax allowance to encourage investment in ultra-high-pressure, high-temperature (uHPHT) oil and gas fields in the UK North Sea. The allowance could reduce the tax on a portion of a company's profits from 62% to 30%…
Det norske oljeselskap has spudded exploration well 2/9–5 S in production license 494, in the Norwegian North Sea, targeting the Heimdalshø prospect using the Maersk Giant jackup rig. The well spudded 21 July, said Fortis Petroleum, a partner on the project…
DONG Energy released a video showing the installation of the Hejre jacket that occurred on 23 May 2014. DONG Energy has installed the jacket for the Hejre platform in the Danish sector of the North Sea, 292km north west of Esbjerg…
INTECSEA UK has been awarded a subsea front-end engineering and design (FEED) contract for Maersk Oil UK's US$4.7 billion Culzean ultra-high-pressure, high-temperature development in the North Sea. The contract, which includes optional…
Tullow Oil Norge's Lupus well, in production licence (PL) 507, in the Norwegian North Sea, is to be plugged and abandoned after failing to find hydrocarbons. The well (31/10-1), which was 35km southeast of the Oseberg Sør Field and 110km west of the island of Sotra…
Det norske announced its 2Q 2014 financial results on 17 July. Among other financial highlights and activity, the company discussed its agreement to acquire Marathon Oil Norge for US$2.1 billion. Announced 2 June 2014, the transaction is expected to close 4Q 2014…
High costs and regulatory and fiscal uncertainties could have caused a drop in exploration and deal activity on the UK Continental Shelf (UKCS), according to business advisory firm Deloitte. The firm’s Petroleum Services Group…
Subsea inspection, repair and maintenance and light construction firm Harkand has won Nexen Petroleum UK’s 2014 ROVSV inspection services work along with a longer term frame agreement. The inspection scope covers the Buzzard, Scott, Telford…
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