Fugro has been awarded a three-year contract for integrity management support (IMS) and intervention works for Det norske in the Norwegian sector of the North Sea. The offshore scope covers subsea assets at Alvheim, Vilje, Volund and Bøyla field developments…
Faroe Petroleum hit an oil discovery at its Brasse exploration well in the Norwegian North Sea, with plans for a sidetrack to follow. The Transocean Arctic, from Transocean. The company encountered oil at the Brasse well 31/7-1…
The UK oil and gas industry may be gripped by a downturn but a lot of positivity has emerged from the two-day conference organized by trade body Oil & Gas UK, which concluded today (15 June) in Aberdeen. Almost 500 delegates attended the “UKCS: Open for Business” themed event…
MPs and Cabinet Ministers will be urged to do everything they can to protect the US$13 billion (£9billion subsea) industry at a Parliamentary Reception this week, according to Subsea UK. The industry body is leading a delegation of high…
Global upstream capital spending from 2015 out to 2020 has been reduced by 22% or US$740 billion, however, when cuts to conventional exploration investment are included, the figure increases to just over $1 trillion, Wood Mackenzie said. Image…
Offshore wind is headed toward new highs with the North Sea region serving as the backbone of the global market, says Douglas-Westwood’s Celia Hayes. Image from iStock. The offshore…
Norway’s Ministry of Petroleum and Energy has given Statoil the green light to move forward with the development of its unmanned Oseberg Vestflanken 2 project that is expected to tap some 110 MMboe in the North Sea. Illustration…
Statoil spudded exploration well 30/11-14 Slemmestad in the North Sea last week, according to the Norwegian Petroleum Directorate. The Slemmestad well is located in PL 272/PL 035 some 20km south of the Oseberg field and approximately…
The Norwegian Petroleum Directorate (NPD) has granted its consent to Statoil and its partners in Gullfaks production license 050 to start-up the facilities on the Rutil deposit on Gullfaks South, and to start producing. Illustration of Rutil…
North Sea exploration firm Independent Oil and Gas (IOG) has agreed to buy Oyster Petroleum off Verus Petroleum (previously Bridge Energy) for up to £3.25 million (US$4.6 million). The move will see IOG take over 320.7 Bcf (53.45 MMboe)…
The North Sea basin has a two-year transformation window in which to ensure a strong, productive and profitable future for the sector according to senior oil and gas executives interviewed for PwC’s latest report, 'A Sea Change.' While…
Drilling and engineering contractor KCA Deutag has sold its jackup drilling unit, the Ben Rinnes, to an integrated energy and services company for an undisclosed sum. Built in Clydebank, Scotland, in 1973 and acquired by KCA Deutag in 2005…
Some 28% of UK-based subsea industry firms have seen their sales drop by 50% of more since the start of the oil price collapse, according to a snapship survey by industry body Subsea UK. Yet, almost 80% of those surveyed said they were…
Statoil has made a minor gas/condensate discovery near the Krafla discovery in the Norwegian sector of the North Sea, according to the Norwegian Petroleum Directorate. The discovery was made on the Beerenberg prospect well 30/11-13, on production license 272…
Norway’s Petroleum Safety Authority (PSA) has issued orders to UK giant BP for its aging facilities on the Ula and Valhall fields in the North Sea. According to the order, BP must systematically review and map all areas and systems in respect of materials handling…