Maersk Drilling has posted an increase in profits in 2Q to US$218 million ($117m in 2014) despite three rigs being idle in the period. Maersk said the result was thanks to strong operational performance, fleet growth, general cost savings and its 2014 Venezuelan business divestment…
Det norske is ramping up activity and production on its Alvheim floating production, storage and offloading (FPSO) development in the Norwegian sector of the North Sea. The FPSO (pictured), which produces Alvheim field (comprising the Kneler…
The Norwegian Petroleum Directorate (NPD) granted Statoil a drilling permit for well 16/7-11 in the North Sea. Located in Block 16/7, the well will be drilled from the Songa Trym drilling facility, to the east of the Sleipner Øst field in the central sector of the North Sea…
Lundin Petroleum is considering a joint tie-back development of its Luno II and new Luno II North discoveries after exploration results showed they are in seperate systems. The latest exploration well 16/4-9 S on the Luno II North prospect found 12-26 MMboe gross contingent resource…
Statoil’s largest steel jacket in its history is on its two-week, 1835 nm journey to the North Sea after setting sail from the Spanish Dragados yard on 10 August. Mariner steel jacket sails away…
Denmark's Maersk Drilling has been awarded a new contract for the jackup rig Mærsk Giant with Danish energy utility DONG Energy. The firm contract covers 150 days of work on the Nini and Siri field in the Danish part of the North Sea…
Chevron's multi-billion dollar deepwater west of Shetland Rosebank development appears to be edging closer back to fruition after a contract was awarded for the floating production, storage and offloading (FPSO) vessel turret. The Rosebank project was on track until 2013…
UAE-headquartered Horizon Geosciences has added a new vessel to its fleet for work in the North Sea and West Africa. A multi-disciplinary IMCA and OVID approved DP1 survey vessel with a proven track record in the North Sea and Arctic…
Shell along with partner Esso Exploration agreed to sell their entire stakes (50-50) in the Anasuria Cluster in the UK Central North Sea to a Malaysian joint venture consisting of Ping Petroleum and Hibiscus Petroleum. News reports put the sale price at US$105 million…
Norwegian giant Statoil’s Mariner field in the North Sea is a US$7 billion investment for the company. It is located in Block 9/11 on the East Shetland Platform, about 150km east of the Shetland Isles, and lies in water depths ranging between 97-112m…
Planning approval for offshore wind energy at Dogger Bank takes the total of consented projects in the North Sea zone to 4.8 Gw, almost equal to all the offshore wind capacity now in operation in the UK. Image…
BP has started a US$1 billion in its Eastern Trough Area Project (ETAP) in the North Sea as part of a platform renewal life extension project. The investment will see the facilities (pictured), which produce oil and gas from nine different reservoirs…
Lundin's Edvard Grieg field is on track for first oil in 4Q this year despite a delay to the topside modules installation earlier this year (see video below). The firm has also drilled its latest successful appraisal well on the 185.8 MMboe gross reserves field…
LR Senergy’s new process uses computational fluid dynamics (CFD) to model a well and near wellbore — and subsequently identify production optimization options and strategies. Jeannie Stell reports. Michael Byrne…
Contracting activity across the global upstream sector rose 20% in 2Q this year, compared to 1Q, but is still lower than the same period last year, according to the Energy Industries Council's EIC Monitor. The uptick in EPC activity was focused on Brazil and Norway…