It might be peak IPO season (Forbes), and technology investors may be looking elsewhere (say fintech), but two years of venture capital investments in the North Sea are rounding on stranded North Sea value.The old investor pattern of looking…
U.S. oil companies on Monday began restoring some of the more than nearly 74% production shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said.There was 1.3 million barrels per day (bpd) of oil production off line in the U…
Israel received bids from two groups of companies to explore for oil and gas off its Mediterranean coast, the Energy Ministry said on Monday.Israel had offered rights to 19 offshore blocks, and said the groups offered to explore in 12 of them…
Oilfield services company Expro said it has been awarded a contract by Pacific Drilling subsidiary Pacific Santa Ana for the provision of an Intervention Riser System (IRS) for PETRONAS’s Chinguetti Field Phase II plug and abandonment (P&A) contract…
UK based heavy lift and transport company ALE said it completed the jack-up, skidding and load-out of an offshore platform for the third development stage of the Vladimir Filanovsky oil field, the largest in the Russian section of the Caspian Sea…
The Norwegian subsidiary of Polish state-owned PGNiG said it has acquired a stake in the Neptune-operated Duva field currently being developed in the Norwegian North Sea.PGNiG Upstream Norway said it acquired 20% shares in the field – PL 636…
Marine and offshore equipment and services form MacGregor announced on Monday it has received a clearance decision from the Chinese competition regulator, SAMR, for the company’s acquisition of the marine and offshore businesses of TTS Group ASA…
Power production from German North Sea wind farms from January to June totaled 9.51 terawatt hours (TWh), 16% more than in the same 2018 period, grid company TenneT GmbH said on Monday.TenneT, the German arm of the bigger Dutch transmission network group…
Japan’s largest exploration and production company Inpex Corporation has announced that through a subsidiary, it was awarded an exploration permit for Release Area AC/P66 (the Block) as operator in Australia’s 2018 offshore petroleum exploration acreage release…
UK-based oil exploration and production company Hurricane Energy said it has spudded the second of three wells on the Greater Warwick Area in the UK North Sea.Well 205/26b-B well, or Lincoln Crestal, was was spudded – the start of the drilling process – using the Transocean Leader rig…
Norwegian supply shipping company DOF has been awarded short-term contracts for two of its platform supply vessels (PSVs).Premier UK has hired the 4,135-dwt Skandi Caledonia (built 2003) for around four months from this quarter. The PSV will perform supply duties for two firm wells…
The Norwegian Petroleum Directorate (NPD) expects that more than 50 exploration wells will be drilled in 2019. This is just as many as in 2018. Most of the wells being drilled in 2019 are wildcat wells, while in 2018 there was an almost equal number of wildcat and appraisal wells…
There are 21 development projects in progress; 14 in the North Sea, six in the Norwegian Sea and one in the Barents Sea, according to Norwegian Petroleum Directorate’s (NPD).These projects represent diversity with new facilities, smaller discoveries…
Norwegian Petroleum Directorate (NPD) announced that production on the Norwegian shelf is holding steady at a high level. Many projects are in the development or planning phases.It said that many exploration wells are being drilled. There have been few discoveries in the first half of the year…
Guyana, located on the northern mainland of South America and nestled between Venezuela and Suriname, has become one of the most exciting regions within the oil and gas industry over the last few years. ExxonMobil has invested heavily in the…