The Petroleum Safety Authority Norway granted Statoil consent to drill well 15/6-13 Gina Krog East 3 in the central North Sea. Drilling operations with the Songa Trym semisubmersible are expected to begin in April 2015 for approximately 50 days…
Total E&P Norge received approval from the Petroleum Safety Authority Norway to drill two wells in production license 627 in the central North Sea. Blocks 25/6-5 S and 25/6-5 A Skirne Øst will be drilled with the Leiv Eiriksson semisubmersible to investigate the find's potential…
Offshore drilling rig operators have put a positive spin on the tough market conditions, suggesting that the downturn could improve the global fleet and offer opportunities to buy distressed assets. Seadrill CEO and President Per Wullf said while…
Norwegian drilling contractor Odfjell Drilling has sunk into the red and suspended 2014 dividents after taking a major write-down on its Deep Sea Metro assets. The firm's US$27 million loss comes despite the firm today (25 February) also announcing a large contract win on the giant $15…
Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, entered into an agreement to farm-out a 30% working interest in PL338C to Lime Petroleum Norway. PL338C contains the Gemini prospect, which is currently being drilled with the Island Innovator rig…
Statoil and its Johan Sverdrup partners awarded Aibel a US$1 billion contract for the engineering, procurement and construction for the deck of the drilling platform on the Johan Sverdrup field. Johan Sverdrup field…
Oil & Gas UK’s new report on offshore exploration, investment and production provides striking evidence of how rising costs, taxes and inadequate regulation have taken their toll on the UK industry’s international competitiveness. The…
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…