Statoil discovered new oil resources in the D-structure at well 25/8-18 S in PL169, near the Grane field, in the North Sea. Map from Statoil. The D-structure is located on the Utsira High…
Emerging Markets Communications (EMC) introduces QuickSkid Solution to enable faster, more reliable and flexible communications for the oil and gas industry. Image of QuickSkid. From EMC. Rig owners…
BP is due to restart production at the high-pressure, high-temperature (HPHT) Rhum gas field in the UK North Sea, four years after the field was shut in due to Western sanctions against its 50% owner, Iran. A BP spokesperson said today that production was due to restart soon…
UK heavy oil explorer Xcite Energy has entered into a memorandum of understanding (MOU) with oilfield services firm Baker Hughes. The MOU sets out principles for the provision of oil field services for the UK North Sea Bentley heavy oil field…
Lundin's Vollgrav South exploration well 33/12-10 S in production license 631 in the northern North Sea has been plugged and abandoned after it was found to be dry. The well was drilled about 150km west of Florø, between the Statfjord and Gullfaks fields…
RWE’s sale of its exploration and production subsidiary RWE Dea AG to a Russian investor is still going ahead, the firm says, despite a question mark over the UK assets involved. The US$7 billion deal, with Russian-backed LetterOne Group…
Japan Petroleum Exploration Co. (JAPEX) has farmed-in to four licences in the UK North Sea with Apache North Sea. As part of the move, JAPEX has formed a new subsidiary, JAPEX UK E&P CENTRAL (JUKC), with financial backing from Japan Oil…
EMAS AMC's flagship vessel, the Lewek Constellation, is due to arrive in the North Sea in the coming week in order to be fitted with its multi-lay tower and ancillary equipment for pipe lay activities at Huisman's Schiedam yard, Netherlands…
Wood Group Kenny has been awarded the front end engineering design (FEED) for the subsea and pipeline element of the Peterhead Carbon Capture and Storage (CCS) project in Aberdeenshire. The project, the world's first full-chain CCS project on a gas-fired power station…
Houston-based Marathon Oil Corp. announced today it has closed the transaction with Det norske oljeselskap for the sale of Marathon Oil Norge for a total transaction value of US$2.7 billion. After adjustment for debt, net working capital and interest on the net purchase price…
Maersk Oil North Sea UK Ltd. awarded Heerema Hartlepool Ltd. a contract for the engineering, procurement and construction (EPC) of the Culzean development’s well head platform (WHP) jacket. Maersk’s proposed Culzean development…
Wood Group Mustang has been awarded the pre-front-end engineering design (pre-FEED) contract by Statoil for the proposed Snorre C tension leg platform (TLP) to be located on the Norwegian continental shelf. Work is being conducted by…
Petrofac has secured a duty holder contract for two assets in the southern North Sea, following their acquisition by Faroe Petroleum. Petrofac will continue to provide operations and facilities management to the Schooner and Ketch platforms…
JDR is to design and manufacture a hybrid power steel umbilical for Wintershall Noordzee's Ravn field development in the Danish sector of the North Sea. JDR’s will deliver an 18.2km-long umbilical which will provide power and control…
US-based Endeavour International is seeking bankruptcy protection after agreeing a restructuring agreement with some creditors. The company’s debt totals about US$1.2 billion, according to Chapter 11 papers filed in US Bankruptcy Court in Wilmington…