Lundin Petroleum began drilling the 16/1-24 exploration well at the Gemini prospect, just southwest of the Edvard Grieg field. The Island Innovator, from Island Drilling. The well is located in Block 16/1…
BP Norge received consent from the Petroleum Safety Authority Norway (PSA) for a gas lift at the Valhall IP. Increased water production is expected as a result of the water injection at Valhall, and gas lift is being performed to maintain stable production from the wells at IP…
Sevan Marine subsidiary KANFA has been awarded a letter of award for the engineering, procurement and construction (EPC) of four process modules for the FPSO Yinson Production. The contract is expected to last 15 months and be worth about US$50 million…
Saudi Aramco says it has set a new record for heavy lift operations in its Arabiyah-Hasbah gas fields project about 150km offshore Saudi Arabia. The heavy lift barge Lan Jing completed the installation of the Hasbah tie-in platform (TP) using its 7500-ton crane…
Norway-based geophysical services company Electromagnetic Geoservices ASA (EMGS) says it is going to appeal a Court decision over its Towed Streamer EM patent. The firm had issued a claims against Petroleum Geo-Services (PGS) in the High Court of Justice…
Maersk Drilling’s third XL Enhanced ultra harsh environment jackup was officially named Saturday morning at the Keppel FELS shipyard in Singapore. Margareth Øvrum, Executive Vice President in Statoil, named the rig - the third in a series…
BG Group has completed drilling two wells in the Norwegian sector of the North Sea classified as dry by the Norwegian Petroleum Directorate (NPD). The 34/3-4 S and 34/3-4 A wells were drilled on production license 373 S, about 5km east of the Knarr field in the northern part of the North Sea…
Transocean last night said its CEO and president of nearly five years Steven Newman is to stand down today (16 February). Newman. From Transocean's Beacon Mag. The international rig owner and operator…
The outlook for mergers and acquisitions in the oil and gas service sector in 2015 will hinge upon the resilience of businesses and a recalibration of pricing expectations, according to energy specialist corporate advisory firm Simmons & Co…
Another ruling came down from the Texas Supreme Court involving BP’s Macondo accident. This time, the courts ruled that BP couldn’t claim the estimated US$700 million in insurance carried by Transocean at the time of the spill in 2010. Deepwater…
The PetroRio acquisition of Shell’s 80% stake in the Bijupirá and Salema fields, and the Fluminense FPSO cost the company US$150 million. PetroRio acquiring the Fluminense FPSO in Shell deal. Image from Modec…
Statoil and field partners reached a final investment decision for the 2.35 billion bbl Johan Sverdrup oil field in the Norwegian North Sea. The field, discovered in 2010, is a major success story for Norway, and is the crowning achievement…
Westcon Yards won a contract to conduct a special periodic survey (SPS) and inspection on the Transocean Leader semisubmersible. The Transocean Leader. From Transocean. The company said the original plan was for the rig to arrive in March…
Johan Sverdrup was proven in two stages, but it was clear from the start that this was actually one gigantic oil discovery. Ranked by size, it is number five on the Norwegian ranking list. First out was Lundin, which in 2010 made a discovery they called Avaldsnes…
Statoil and its partners have submitted their development plan for the largest oil field on the Norwegian Continental Shelf (NCS) since the 1980s – a project tipped to have “ripple effects” through the whole Norwegian economy for years to come…