Independent Oil and Gas’s (IOG) Skipper discovery in the UK North Sea received an increase of recoverable resources by 6% to 34.1 MMbbl. Map of Skipper. From IOG. Skipper, currently in the advanced stages of planning…
Xcite Energy has agreed a deal with Azinor Catalyst that will see Azinor carry out at technical evaluation of the blocks in its license P1979 in the North Sea in return for a 40% stake in the license. Block P1979 contains blocks 9/4a…
A team from diesel power specialist Royston has completed the engine overhaul on the Bluewater-owned Haewene Brim floating production, storage and offloading (FPSO) vessel. The facility has operated in the Pierce field in the UK sector of the North Sea since 1999…
Subsea 7 has signed a long-term partnership frame agreement with Premier Oil to provide concept engineering, front-end engineering and design, subsea umbilicals, risers and flowlines project execution and life of field operations, on a preferred supplier basis…
US-based independent Apache has rejected a recent takeover bid, said to be worth US$18 billion, according to Bloomberg. But the company is now working with Goldman Sachs on a defense strategy. On 9 November, analyst firm Simmons & Co…
The numbers are staggering. At US$50/bbl, at least 20% of production in the North Sea is loss making, an industry event was told last week. And that is likely to be a conservative estimate. Faced with what has been called “a perfect storm” by many – high operating costs…
Aberdeen-based sand control technology firm has secured a contract with Statoil following a successful trial of its downhole well completions technology. Darcy has signed a framework agreement with Statoil to supply its unique hydraulic…
The Norwegian Petroleum Directorate has granted start-up consents for the Edvard Grieg oil pipeline and the Utsira High gas pipeline. These transport solutions will become part of the development of the Edvard Grieg and Ivar Aasen fields on the Utsira High in the North Sea…
Faroe Petroleum has completed an up to US$20 million deal to acquire Roc Oil (GB Holdings), which holds 12.5006% interest in the Blane field and a 12.00% interest in the Enoch field, both in the UK North Sea. Roc Oil GB is a subsidiary of Roc Oil Company…
Lundin is on track to start up tohe Edward Grieg field this month after Norway's Petroleum Safety have the firm the green light for start-up and operation. The Edvard Grieg field is 35km of the Grane and Balder fields in 110m water depth…
Petrofac, Faroe Petroleum and Eni Hewett have established a cost saving partnership to drive efficiencies and commercial synergies across their UK operations in the UK southern North Sea. The tripartite agreement sees collaboration between…
Some 40-50% of savings or efficiency gains need to be made if the industry is going to survive the low oil price regime we are in, an industry event was told in Aberdeen today. 'For us to survive this long-term, to get by on the oil price as it is…
Technip CEO Thierry Pilenko. Photo from Technip. “We are in an environment where something was broken.” It’s a harsh summary but one few would dispute. Nor would many now…
VNG Norge’s Blink well in the Norwegian Sea has failed to find hydrocarbons, according to partner Faroe Petroleum. Image from VNG Norge. The well, 6406/12-5S, was drilled 27km…
Statoil has made the final investment decision to build the world’s first floating wind farm: The Hywind pilot park offshore Peterhead in Aberdeenshire, Scotland. The decision triggers around NOK2 billion investment, realizing a 60-70%…
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