Private equity back exploration outfit EPSI has made a NOK6/share offer for the remaining shares of Norwegian exploration firm Rocksource, valuing the firm at US$82 million. EPSI, a HitecVision VII investment, initially increased its holding in Rocksource to 33…
The UK government gave consent for the Hornsea Project One offshore Yorkshire. Project One will be made up of three offshore wind farms with a maximum capacity of 1200MW and covers a 407km area located 64 mi. off the Yorkshire coast. Once built…
Total E&P Norge selected AVEVA to supply an asset visualization and information management solution for the Martin Linge on the Norwegian continental shelf (NCS). The Martin Linge. From Total. Built on the AVEVA NET software…
BP unveiled its long-term strategy and how it’s managing the company’s upstream business in a presentation to investors, including reducing capital spending by US$1-2 billion across the group, which could incur $1 billion in restructuring charges over the next five quarters…
Tendeka has secured a four-year contract extension with Statoil for the supply of sand-face completion equipment for the Troll field, as well as other fields under Statoil’s operation in the Norwegian Continental Shelf (NCS). The agreement will see Tendeka install up to 40…
Maersk Oil spudded the Xana (Gita South) exploration well in license 9/95 on the Danish continental shelf, according to partner Norwegian Energy Company ASA (Noreco). The well is being drilled by the Noble Sam Turner jackup. The main target is upper Jurassic sandstones…
Total is changing things up by restructuring its exploration and production branch into five geographical divisions, an exploration division and five functional divisions. Image from Total. Changes…
For Western-based service companies whose products or personnel were at work in the waters off the Russia, projects that were already complex by virtue of the location became substantially more so with the recent Western sanctions against the Russian Federation…
Det norske oljeselskap has begun deployment of AVEVA’s Progressive Handover Solution to manage life cycle information for its Ivar Aasen field project in the North Sea. The AVEVA solution allows Det norske to benefit from improved information…
Centrica Resources Norge’s wildcat well 6707/10-3S is being permanently plugged and abandoned after making a minor gas discovery in the Norwegian Sea, according to the Norwegian Petroleum Dictorate (NPD). Map of PL 528 B…
Zamakona Yards has signed an initial two-year agreement with Finnish multinational GS-Hydro. The contract has an initial duration of two years. The agreement was signed 5 December in Zamakona Yards' Las Palmas Port offices by Borja Garaygordobil…
Italian giant Eni began production of first oil from its West Hub Development project in Block 15/06, offshore Angola. N’Goma. From SBM Offshore. Block 15/06 covers about 2984sq km…
ExxonMobil received consent from the Petroleum Safety Authority Norway (PSA) to use the West Alpha semisubmersible drilling rig on the Balder field, in the central North Sea. The West Alpha. From North Atlantic Drilling…
Statoil has shut its Snohvit LNG plant down because of a gas leak, Reuters has reported. While it is not yet known when the plant will return to production, Statoil Spokesperson Oerjan Heradstveit told the news service: 'The situation is now under control and there is no longer a leak…
Bladt Industries, Aalborg, Denmark has awarded Seaway Heavy Lifting the contract for the transportation and installation of the Sandbank substation. The substation platform consists of a jacket, skirt piles and deck and requires to be installed in the Sandbank Offshore Wind Farm…