The Petroleum Safety Authority Norway has granted ConocoPhillips consent to use the Maersk Gallant mobile drilling facility for plugging and abandoning a production well at Eldfisk 2/7 A. Eldfisk is an oil field lying due south of Ekofisk in 70-75m of water in the southern North Sea…
Wintershall, a 100%-BASF subsidiary, plans to optimize its portfolio by selling to Tellus Petroleum its interest in assets in four non-operated fields in a US$602 million deal. The fields include Knarr (where Wintershall owns a 20% interest)…
Subsea challenges are in focus at this week’s Underwater Technology Conference in Bergen. While the conference examines future oilfield challenges, we take a look back at past innovations in the industry. In the final article in a three-part series…
Cutting tools specialist Allspeeds has invested over US$316,000 (£200,000) in new product development facilities at the company’s headquarters in Accrington, Lancashire to increase the competitiveness and applications for the company’s Webtool cutting tools in the subsea…
Oil and gas firms must learn lessons from other UK industries and fundamentally change the way they operate if they are to successfully compete for international investment and maximize recovery across the UK continental shelf (UKCS) over the next 25 years…
The plugging and abandonment (P&A) of offshore wells represents a significant cost to operating companies and national authorities. On the Norwegian Continental Shelf (NCS) alone, the cost is estimated to be US$108 billion (NOK 870 billion) during the next 40 years…
Dolphin Geophysical has announced that the 3D seismic vessel, Polar Empress, is in full production towing 14 streamers on the Maud Extension multi-client survey in the Barents Sea. The Polar Empress has a capacity to operate up to 22 seismic streamers…
Oil & Gas UK’s chief executive, Deirdre Michie, warned today (17 June) that the UK offshore oil and gas industry must become sustainable ‘in a world of US$60 oil’. The rallying call was made before an audience of over 500 people in Aberdeen…
Statoil has handed out the largest contracts for the UK North Sea’s Mariner field that are worth more than US$1.57 billion (£1 billion) to the companies established in Aberdeen. Mariner. Image from Statoil…
Lundin Norway commenced drilling of exploration well 16/4-9 S on the Luno II North prospect in the North Sea. The main objective of well 16/4-9 S is to test the hydrocarbon potential and reservoir properties in the Luno II North prospect…
Subsea challenges are in focus at this week’s Underwater Technology Conference in Bergen. While the conference examines future oilfield challenges, we take a look back at past innovations in the industry. In the second of a three-part series…
BG Group awarded DeepOcean a five-year inspection, maintenance, and repair (IMR) contract. The contract covers all ROV-based IMR work for BG Group on its UK and Norwegian subsea assets. DeepOcean will use vessels from its North Sea-based fleet for work under this contract…
Sterling Resources transferred its 40% interest in Block 27 Muridava in the Romanian Black Sea, held by its wholly-owned subsidiary Midia Resources SRL, to Petroceltic's Romanian subsidiary. Approval of the transaction has been received…
Northern Petroleum announced that the environmental impact assessments (EIA) for its three remaining exploration permit applications in the southern Adriatic have been approved. These approvals are in addition to the two EIA approvals for exploration permit applications announced on 10 June 2015…
Sound Oil, the European- and Mediterranean-focused upstream oil and gas company, has announced the approval of the environmental impact assessment for the award of the D503-BR-CS permit, covering Sound Oil's Dora and Dalla assets in the Adriatic Sea…