UK independent Parkmead has agreed a deal with Verus Petroleum to acquire 50% interest in North Sea License P.2209 containing the Farne Extension prospect and a further four prospective leads. The moves secures 100% interest in the license for Parkmead…
Fugro started the Mareano hydrographic survey encompassing an area of Norwegian waters of approximately 15,000sq km. The MV Fugro Helmert, from Fugro. The contract was awarded…
The Board of Directors of Siemens Gamesa Renewable Energy unanimously appointed Markus Tacke as the company's new chief executive officer (CEO), effective immediately. Image of Tacke, from Siemens Gamesa…
Oceanteam received written notice from its joint venture partner McDermott, in which McDermott has committed to purchase Oceanteam's remaining 25% stake in the vessel-owning company North Ocean 105 on 20 June 2017. This is in line with…
Statoil has received consent from Norway’s Petroleum Safety Authority (PSA) to use Songa Encourage semisubmersible vessel for drilling and completing a production well on the Troll field. Image of the Songa Encourage…
Centrica is planning a US$77.66 million (£60 million) investment in its operations in Morecambe Bay, in the East Irish Sea, off the west coast of England, to boost output. The campaign will unlock up to a further 3 Bcf of gas under the…
IKM Subsea has started mobilization to the field of a permanently seabed installed remote operated vehicle (ROV), or residential ROV (RROV). The firm announced the award of a major ROV services contract for the fields Visund and Snorre B in the North Sea last August…
The massive, 600 MW Gemini offshore wind park has been opened offshore the Netherlands ahead of schedule and under budget. Gemini will produce 2.6 TWh of wind power every year, reducing the Netherlands’ CO2 emissions by 1.25 million tons…
First oil is flowing from Repsol Sinopec Resources UK's Shaw field, part of the firm's Montrose Area Redevelopment (MAR) in the Central North Sea. Shaw has been developed as a subsea tie-back to a new bridge-linked production platform…
Norway’s Petroleum Safety Authority (PSA) has granted Lundin consent to drill the exploration well 7220/11-4 in a prospect named Alta, in Block 7220 in the Barents Sea. Lundin is the operator for production license 609 in the Barents Sea…
Europa Oil & Gas has identified two prospects which could contain up to 553 MMboe in Ireland's South Porcupine Basin. According to a competent person’s report by ERC Equipoise including, two pre-rift prospects, Ervine and Edgeworth,…
A new evaluation on Hurricane Energy's Lancaster field, west of Shetland, has said the field contains 2.3 billion bbl in place, a 120% increase compared to the 2013 estimate, and attributed 2P reserves to the field for the first time. According to the Competent Persons Review (CPR)…
Faroe Petroleum has been given Norwegian Petroleum Directorate approval to drill appraisal well 31/7-2 S on the Brasse discovery. Well 31/7-2 S will be drilled using the Deepsea Bergen semisubmersible drilling rig in production license 740…
Private equity backed Azinor Catalyst has awarded a rig contract to Diamond Offshore Drilling for use of the Ocean Guardian semisubmersible rig to drill two wells in Q3 2017. The first exploration well will target the Partridge prospect…
According to a 29 March 2016 announcement, DONG Energy and Bayerngas terminated the contract for the engineering, procurement and construction (EPC) of the Hejre platform with the supplier consortium. Subsequently, disputes around the termination of contract arose…