The oldest permanent production platform on the Norwegian shelf ceased production at the start of this month, after more than 39 years in active service. Ekofisk 2/4 A started producing in the Ekofisk field in the spring of 1974 and has produced 872MM boe…
Statoil has together with partners in PL128 made an oil discovery in the Svale North prospect in the Norwegian Sea, approximately nine kilometres northeast of the Norne field. Exploration well 6608/10-15, drilled by the Songa Trym semisubmersible…
Houston-based Saratoga Resources Inc. provided an update on its recent Zeke development well in Breton Sound Block 32 field. Saratoga owns and operates 10 fields along transitional coastline in protected, in-bay environments off southeastern Louisiana…
On September 9, Petróleos Mexicanos (Pemex) reported that between January and August 2013, the company unloaded a total of 11.1MMbo to satisfy the market needs of two regions in Mexico: the northern Quintana Roo area and the Yucatan. Of the 11…
The North Caspian Operating Company (NCOC), on behalf of the North Caspian Sea PSA consortium, has said the first well was opened and the initial volumes of oil are being produced from the Kashagan field. The first phase of production is from eight wells on an artificial island complex…
OneSubsea has been awarded a £65 million contract to manufacture subsea trees for BP’s west of Shetland Quad 204 project. The Quad 204 project is a re-development of the Schiehallion and Loyal fields, involving a new floating production…
Marathon Oil is to sell its 10% interest in deepwater Block 32 offshore Angola to Sonangol for about US$590 million. The firm also announced plans to repurchase US$1 billion of its common stock and buy about 4800 acres in the core of its south Texas Eagle Ford position…
Australian exploration firm WHL Energy is to apply for an amendment to its petroleum agreement with Seychelles petroleum industry regulator PetroSeychelles, leading to renewed farm-out talks. The proposed amendment is an extension to agreed work program commitments…
Lundin Petroleum has made an oil discovery on the Ghohta prospect in exploration licence PL492 in the Barents Sea. The well, 7120/1-3, 35km north west of the Snøhvit field, found a 75m oil column beneath a 25m gas/condensate cap in dolomitized and karstified carbonate in a Permian target…
Centrica Energy is to extend its contract for the Hummingbird Spirit until March 2016. The cylindrical FPSO, owned by Teekay, has been operating on the Centrica-operated Chestnut field, north east of Aberdeen, in the central North Sea since 2008…
OMV discovered up to164 million barrels of recoverable oil in the Wisting Central exploration well 7324/8-1, within the Hoop-Maud Basin in the Barents Sea. The company found between 63 million and 164 million barrels of oil in the relatively shallow parts of the Barents Sea…
More people, more wealth, more energy demand—that has been the story of the world’s civilization over the past 250 years, and it is expected to continue. That is one of the messages from BP chief economist Christof Ruehl, who will lead…
I am very excited about the future of the oil & gas industry in the North Sea and internationally. The theme of this year’s SPE Offshore Europe conference is The next 50 years – but 50 years ago no-one could have predicted the way the UK oil & gas industry would develop or how we operate now…
The foundations of the global energy system are shifting and the lives of energy policy makers are not getting any easier. If they didn’t have enough to worry about with securing affordable, sustainable supplies of energy to meet national needs…
As the North Sea continues to attract record investment, the scale of opportunity for the supply chain is growing, says the EIC. The growth is characterised by four key areas of activity: small or marginal developments, led by a growing number of independents…