Repsol Sinopec North Sea (formerly Talisman North Sea) has extended its lease on the Bleo Holm floating production, storage and offloading (FPSO) unit up to 30 June 2018. The Bleo Holm is the sixth Bluewater designed, built, owned and operated FPSO…
More than 3 billion boe remain in some 350 unsanctioned discoveries across the UK Continental Shelf (UKCS), according to information released by the Oil and Gas Authority (OGA). Of the 3 billion, the majority are 'small pools,' defined as less than 50 MMboe technically recoverable…
Norwegian operator Statoil is dealing with a well control incident on the Songa Endurance semisubmersible drilling rig at the Troll field in the Norwegian North Sea. The incident started on Saturday (15 October) morning. The well was…
Norway's Petroleum Safety Authority (PSA) is investigating a fire on Statoil's Statfjord A platform yesterday (16 October) morning. The operator said the fire started in a loading pump in the utility shaft on the platform. No one is reported to have been hurt and the fire…
French supermajor Total has made a small gas and condensate discovery in the northeast part of the Martin Linge field offshore Norway. Total estimates about 12-69 MMboe was found in the well, on production license 043, drilled using the Maersk Intrepid jackup in 115m water depth…
After three weeks of strike, Norwegian workers union Industry Energy says its call for equal pay between operator, drilling, catering and oil service staff on the Norwegian Continental Shelf has been accepted, ending the strike. More…
Jersey Oil & Gas (JOG), with its co-venturer, CIECO Exploration and Production (UK) Ltd. (CIECO), have completed the sale and purchase agreement with Statoil for the farm-out of a 70% working interest in UK Seaward License P.2170, Blocks 20/5b and 21/1d in the UK Central North Sea…
Bilfinger has won orders valued at some US$301 million (€270 million) from several operators. Key framework agreements have been extended with oil and gas group Statoil, the largest operator of production facilities on the Norwegian Continental Shelf…
Norway's Petroleum Safety Authority (PSA) has given Statoil consent to drill four survey wells in order to obtain information about the reservoir conditions in the field. Drilling, in 110-120m, using the Deepsea Atlantic semisubmersible drilling rig…
Without higher oil prices, many new projects are thought to be uneconomic. Or are they? Douglas-Westwood recently reviewed more than 250 upstream capital projects sanctioned in the last four years to assess how industry costs are moving…
Canada's Suncor Energy has closed a deal to acquire a 30% stake in the UK North Sea Rosebank project from Austria's OMV. Suncor has made an initial payment of US$50 million. In the event the co-venturers approve the Rosebank project final investment decision and Suncor elects to participate…
Norway's Aibel has agreed to take on the role of partner EPC contractor for small pools focused firm Marginal Field Development Co. (MFDevCo)'s marginal field initiative and its future projects. Aibel initially joined MFDevCo's marginal field delivery consortium in February 2016…
Rosenberg WorleyParsons has been awarded a contract with Subsea 7 for the fabrication of subsea structures and pipes for Wintershall’s flagship development in Norway. This is the second in a series of deliveries for Rosenberg to Subsea 7 and Maria project…
Wintershall Norge has signed a sales agreement with the Norwegian oil company OKEA to sell its 10% share in the Yme license on the Norwegian Continental Shelf (NCS). Following the transaction, the equity ownership in PL 316 license is: Repsol Norge (operator) 60%…
Ithaca Energy is edging closing towards first oil from the Greater Stella Area Development in the UK North Sea. First oil, from the FPF-1 floating production unit, is scheduled for next month, as planned. The unit set sail from Poland in August and was safely towed to location…