AziNor Catalyst completed the 100% acquisition of license P1946, covering Block 15/12a in the UK North Sea from Stavanger Petroleum. The terms of the agreement will require AziNor to undertake all technical work commitments on the license…
Texas A&M Corpus Christi’s Harte Research Institute (HRI) discusses the state of the Gulf of Mexico five years after the BP Deepwater Horizon spill. In this video, the HRI scientists say that the Gulf of Mexico remains resilient after the second largest oil disaster in world history…
Statoil, Eni Norge, Lundin Norway, OMV and GDF SUEZ will team up to collaborate on solving operational tasks tied to exploration in the Barents Sea. Image from Statoil. The project…
Currently, the energy industry is focused on finding ways to master the challenges of the low oil-price cycle. To meet those challenges, first, operators must re-evaluate the future of global oil development, said OAO LUKOIL President Vagit Alekperov…
Norway’s Ministry of Petroleum and Energy has opened its latest Norwegian Continental Shelf (NCS) – Awards in Predefined Areas (APA) licensing round. The area covered by the 2015 round, licenses from which are expected to be awarded in early 2016…
London-listed Atlantic margin explorer Chariot Oil & Gas Atlantic is seeking a new partner of its Rabat Deep permit offshore Morocco after 25% equity holder Woodside elected not to take an option to take over operatorship and fund a well on the license…
AGR has been awarded a well engineering and operational support services contract with DEA Norge. The contract covers support in well planning and operational execution and consultancy manpower to DEA’s drilling projects on the Norwegian continental shelf (NCS)…
This week commemorates the fifth anniversary of one of the worst oil spills in US history. On 20 April 2010, 11 lives were lost when BP’s Macondo well blew out, spilling millions of barrels of oil, igniting not just a fire, but change within the oil and gas industry…
The global oil and gas industry, and US companies in particular, will require four key changes to expedite recovery from the current slowdown in activity, said Ryan Lance, chairman and chief executive of ConocoPhillips. Ryan made his comments…
The UK government is giving Dea UK and partner LetterOne three to six months for a further change of control for UK North Sea petroleum licenses or they will be revoked. RWE Breagh installation…
Kongsberg Oil & Gas Technologies announced the release of version 1.7 of the LedaFlow transient multiphase flow simulator. LedaFlow 1.7 introduces major functionality changes including non-Newtonian fluids, wax appearance temperature…
Norway-based North Atlantic Drilling (NADL) and Russia's Rosneft recently agreed to extend the termination date of the 2014 framework agreement until May 31, 2017. The agreement states that either party can end the agreement, including any offshore drilling contracts…
Royal IHC named and launched the Sapura Jade pipelaying vessel in a ceremony at the company’s shipyard in Krimpen aan den IJssel, The Netherlands. Image from Royal IHC. The naming…
A DNV GL-led subsea production systems (SPS) joint industry project (JIP) involving 20 industry players has made a major step forward in addressing this global industry with the first issue of a recommended practice (RP). “The JIP group…
Tampet awarded UK-based Global Marine Systems Ltd. two contracts in the North Sea, designed to further enhance high-capacity communications networks in the area and entail highly skilled route survey, cable installation and protection services…