Lukoil Overseas North Shelf AS awarded AGR a US$131,000 contract for its well intelligence software solution, iQx. AGR’s iQx software is designed to simplify and increase efficiency of the planning and execution of drilling wells.…
The Petroleum Safety Authority Norway granted Talisman Energy Norge AS consent for exploration drilling of well 15/12-24 at the Snømus prospect. Image of the Maersk Giant jackup. From Maersk. The well is located in production license 672…
Statoil has agreed to buy stakes in production license 602, close to the Aasta Hansteen development project, in the Norwegian Sea from Norwegian exploration firm Rocksource and Faroese explorer Atlantic Petroleum. Statoil will take Rocksource’s 10% stake in PL602 and 2…
According to the United States Geological Survey, the area above the Arctic Circle holds approximately 90 billion barrels of undiscovered, technically recoverable oil and an estimated 1,670 trillion cubic feet (Tcf) of technically recoverable natural gas…
The US Bureau of Safety and Environmental Enforcement (BSEE) and the Bureau of Ocean Energy Management (BOEM) released proposed regulations for exploratory drilling activities on the US Arctic Outer Continental Shelf (OCS) concerning exploratory…
The Petroleum Safety Authority Norway is investigating a man-overboard incident from the Scarabeo 8 ultra deepwater semisubmersible on the Eni-operated Goliat field in the Barents Sea. Image from Saipem…
Maersk Oil has has decided to plug and abandon exploration well 6406/6-4 on the Tvillingen South prospect after difficulties in a liner setting covering the intermediate part of the well. The semisubmersible drilling rig, Leiv Eiriksson…
Petronas' bid to farm in to a Celtic Sea block offshore south east Ireland has been approaved by the Irish Government - the firm is now firming-up drilling plans. Through its 100%-owned subsidiary Kinsale Energy, the Malaysian firm will…
BP and Maersk Training singed a five-year contract that will offer advanced training programs for BP’s offshore drilling teams to be based in Houston, Texas. Maersk Training facility at Svendborg. From Maersk Training…
Lime Petroleum Norway is to acquire an additional 20% in production licenses (PL) 591, 591B and 591C in the Norwegian Sea from Tullow Oil, increasing its holding in each to 25%. The licenses are operated by Tullow and an exploration well…
MEO Australia is eying drilling on its Beehive oil prospect after an international exploration company executed an option which will allow it to farm-in to any of MEO Australia's WA-488-P, AC/P50 and AC/P51 permits off northwestern Australia…
Lundin Petroleum began drilling the 16/1-24 exploration well at the Gemini prospect, just southwest of the Edvard Grieg field. The Island Innovator, from Island Drilling. The well is located in Block 16/1…
BG Group has completed drilling two wells in the Norwegian sector of the North Sea classified as dry by the Norwegian Petroleum Directorate (NPD). The 34/3-4 S and 34/3-4 A wells were drilled on production license 373 S, about 5km east of the Knarr field in the northern part of the North Sea…
Transocean last night said its CEO and president of nearly five years Steven Newman is to stand down today (16 February). Newman. From Transocean's Beacon Mag. The international rig owner and operator…
Statoil Petroleum has made a minor oil discovery at the Romeo prospect in production license 146 in the southern part of the Norwegian North Sea. The Romeo well 2/4-22 S was drilled about 20km north of the Ekofisk field and 2.3km northeast of the 2/4-21 discovery…