Independent Oil and Gas’s (IOG) Skipper discovery in the UK North Sea received an increase of recoverable resources by 6% to 34.1 MMbbl. Map of Skipper. From IOG. Skipper, currently in the advanced stages of planning…
Xcite Energy has agreed a deal with Azinor Catalyst that will see Azinor carry out at technical evaluation of the blocks in its license P1979 in the North Sea in return for a 40% stake in the license. Block P1979 contains blocks 9/4a…
SKF supplied magnetic bearings for use in the world’s first subsea gas compression system at the Åsgard gas field off the Norwegian coast. As part of the subsea gas compression system, the bearings will contribute to recovering additional…
Italy's ENI has completed track well GU2-Dir A at the Guendalina gas field in the Northern Adriatic, offshore Italy. The side track reached a planned total depth of 3276m, according to partner Rockhopper Exploration. All target horizons…
The numbers are staggering. At US$50/bbl, at least 20% of production in the North Sea is loss making, an industry event was told last week. And that is likely to be a conservative estimate. Faced with what has been called “a perfect storm” by many – high operating costs…
Aberdeen-based sand control technology firm has secured a contract with Statoil following a successful trial of its downhole well completions technology. Darcy has signed a framework agreement with Statoil to supply its unique hydraulic…
The Norwegian Petroleum Directorate has granted start-up consents for the Edvard Grieg oil pipeline and the Utsira High gas pipeline. These transport solutions will become part of the development of the Edvard Grieg and Ivar Aasen fields on the Utsira High in the North Sea…
With under four weeks until entries close for the 2016 Offshore Achievement Awards (OAA), Robert Gordon University students have been set a challenge to design the trophy which will be presented to winners at the 30th awards ceremony. Image: Last year's trophy…
Faroe Petroleum has completed an up to US$20 million deal to acquire Roc Oil (GB Holdings), which holds 12.5006% interest in the Blane field and a 12.00% interest in the Enoch field, both in the UK North Sea. Roc Oil GB is a subsidiary of Roc Oil Company…
Dutch engineering and fabrication firm Heerema Fabrication Group (HFG) has opened its new Heerema Innovation Center, where it plans to develop next-generation welding robots, and use latest gaming and data processing technology. The center is cloes to HFG's Zwijndrecht headquarters…
French geoscience firm CGG is to cut 950 jobs, or 13% of its staff, and reduce its vessel fleet amid the ongoing, prolonged oil price drop. CGG has already been implementing a fleet reduction program, since announcing its “Transformation Plan” at the end of 2013…
Lundin is on track to start up tohe Edward Grieg field this month after Norway's Petroleum Safety have the firm the green light for start-up and operation. The Edvard Grieg field is 35km of the Grane and Balder fields in 110m water depth…
Petrofac, Faroe Petroleum and Eni Hewett have established a cost saving partnership to drive efficiencies and commercial synergies across their UK operations in the UK southern North Sea. The tripartite agreement sees collaboration between…
Image from Oil and Gas Authority. Patrick Brown, chairman of the Oil and Gas Authority (OGA), has confirmed the appointment of three non-executive directors to the OGA board. Mary Hardy…
Some 40-50% of savings or efficiency gains need to be made if the industry is going to survive the low oil price regime we are in, an industry event was told in Aberdeen today. 'For us to survive this long-term, to get by on the oil price as it is…