Subsea challenges are in focus at this week’s Underwater Technology Conference in Bergen. While the conference examines future oilfield challenges, we take a look back at past innovations in the industry. In the second of a three-part series…
BG Group awarded DeepOcean a five-year inspection, maintenance, and repair (IMR) contract. The contract covers all ROV-based IMR work for BG Group on its UK and Norwegian subsea assets. DeepOcean will use vessels from its North Sea-based fleet for work under this contract…
Sterling Resources transferred its 40% interest in Block 27 Muridava in the Romanian Black Sea, held by its wholly-owned subsidiary Midia Resources SRL, to Petroceltic's Romanian subsidiary. Approval of the transaction has been received…
Northern Petroleum announced that the environmental impact assessments (EIA) for its three remaining exploration permit applications in the southern Adriatic have been approved. These approvals are in addition to the two EIA approvals for exploration permit applications announced on 10 June 2015…
Sound Oil, the European- and Mediterranean-focused upstream oil and gas company, has announced the approval of the environmental impact assessment for the award of the D503-BR-CS permit, covering Sound Oil's Dora and Dalla assets in the Adriatic Sea…
AGR released new functionality for its bespoke well data software, iQx that will improve the analysis of spatial well data by using data collected from more than 6000 wells drilled on the Norwegian continental shelf. The new GEO module is aimed at geologists and petroleum engineers…
Europa Oil & Gas' Porcupine basin off Ireland is valued at US$1.6 billion and potential resources of 1.49 billion boe, according to an independent assessment by ERC Equipoise (ERCE). Map from Europa…
More woes for the Norwegian oil and gas industry as Statoil announced it would cut potentially 1100-1500 permanent positions and 525 consultants by the end of 2016. 'We regret the need for further reductions, but the improvements are…
Energean Oil & Gas announced that it is to conduct a new 3D seismic survey over the Prinos oil field and its surrounding licenses, in the Gulf of Kavala, northeastern Greece. The 3D survey will cover an area of 400sq km and will last approximately three weeks…
The Petroleum Safety Authority Norway (PSA) granted an extension to ExxonMobil to use the Jotun A floating production storage offloading (FPSO) vessel and Jotun B wellhead platform beyond their original expected lifetimes in the North Sea…
Wellesley Petroleum Holdings, a new exploration company focused exclusively on the Norwegian Continental Shelf (NCS), announced that Chris Elliott has been appointed as CEO. Elliott’s last role was exploration manager UK and Norway for Cairn Energy…
Douglas-Westwood (DW) forecast in their new World Offshore Accommodation Market Forecast that, during the period 2015 to 2020, demand for offshore accommodation vessels will average almost 42,000 personnel on board (PoB) per year, which represents…
Aberdeen-based wellhead engineering firm Plexus Holdings has won a contract to supply equipment to what could be the highest pressure well drilling on the Norwegian Continental Shelf. The US$3.3 million contract is with Total E&P Norge for POS-GRIP wellhead systems…
Statoil has awarded Odfjell Drilling two contracts worth more than US$550 million (NOK 4.35 billion) for drilling services on its massive Johan Sverdrup field. The $14.8 billion first phase development on the field will see four, bridge-linked installations alone…
SOCAR-AQS signed a joint venture (JV) agreement with Archer Assets UK and Nobel Oil Services to establish Oğuz Drilling, a new platform drilling company in Azerbaijan, with a focus on the Caspian Sea. With support from SOCAR-AQS, Archer and Nobel Oil Services…