GeoPartners, in partnership with Seabird Exploration Multi-Client and DownUnder GeoSolutions, has announced a new multiclient 2D (MC2D) seismic project in the Frontier UK Rockall Basin offshore the north west coast of Scotland. The Rockall…
Watch as Nexen’s video gives insight into the four-day operation needed to lift and install the production, utilities and quarters (PUQ) deck for the Golden Eagle area development offshore, approximatley 70km northeast of Aberdeen…
Ithaca Energy has completed a flow test on the fourth development well on the UK North Sea Stella field, hitting 12,005boe/d. The result takes the total field potential up to 45,000boe/d, exceeding the firm's 30,000boe/d annualised estimate for the field…
An announcement on the second Greek offshore licensing round is expected this month. The Greek Ministry of Environment, Energy and Climate Change announced the round would be launched upon publication of the Notice of the Call for Tenders in the Official Journal of the European Union…
The outlook for the deepwater and ultra deepwater market is positive, with a forecast capital growth rate of around 8% between 2014 and 2018, according to Infield Systems Ltd.’s deepwater and ultra deepwater report. Infield Systems anticipates…
Denmark is the European Union’s (EU) only net exporter of oil. The Nordic state’s oil exports totalled approximately 13.7MMboe in 2013. This is in stark contrast to the EU’s only other significant oil producer, the UK, which became a…
Fractured basement reservoir explorer Hurricane Energy says post-well data analysis of its 1km horizontal appraisal well 205/21a-6 well test in Q2 this year has shown better than expected results. The firm said the well, which tested…
The Centrica Energy-operated 43/13b-7 Pegasus West well in the Southern North Sea indicated the presence of gas, reported partner Atlantic Petroleum. Following the analysis of available data, the joint venture has decided to drill stem test the well…
Statoil has received consent from the Petroleum Safety Authority to use the COSLInnovator mobile drilling facility for production drilling on the Troll field using the controlled mud level method. The consent covers the use of COSLInnovator for production drilling on 8½in…
Atlantic Petroleum says the Orlando field development in the UK North Sea continues to progress to end of 2016 field oil. The field, in Block 3/3b in the northern North Sea, is being developed as a subsea tie-back to the CNR International operated Ninian Central platform…
Less than a week before Scotland goes to the polls over independence, the heads of BP and Shell have made their opinions clear amid counter claims over North Sea oil. Bob Dudley and Ben van Beurden, the CEOs of BP and Shell respectively…
Statoil has agreed to sell off stakes in the Aasta Hansteen spar development, the Polarled pipeline, and a discovery neighboring Aasta Hansteen to Germany’s Wintershall in a US$1.3 billion deal. As part of the deal, Statoil will also…
Four months after taking to the helm of Italian state-run Eni, CEO Claudio Descalzi is now the subject of a corruption investigation related to the acquisition of the large and lucrative deepwater oil prospecting lease (OPL) 245 offshore Nigeria…
The owner of a Scottish tidal stream energy project has secured a 398MW, 25-year seabed lease from the Crown Estate, which owns the seabed, for the project. Atlantis owns the MeyGen project, which earlier this month secured major funding packages…
Nearly 50 companies have made applications for licenses in the Norwegian government's lates licensing round. The deadline for applications ended September 2. Norway's Ministry of Energy and Petroleum said applications had been received…