Statoil’s Troll B has produced 1 billion boe since coming onstream two decades ago, with a further eight to 10 years of oil production expected, the Norwegian giant revealed today. Image of Troll B…
Independent Faroe Petroleum entered agreements with two banking facilities, which will provide substantial finance to underpin the company’s growth plans. The first, amounting to US$250 million is from the Reserve Base Lending Facility (RBL)…
With a growing realization that lower oil and gas prices are here to stay, Subsea UK has urged the industry to embrace the ‘new norm’ to safeguard the future of the UK’s £9billion (US$11 billion) subsea sector. Image of Gordon…
Aberdeen Harbour's plans to expand its facilities into a bay south of the existing harbour has been sanctioned by the harbour board. The £350 million project, which was recently granted planning consent in the form of Marine Licenses and a Harbour Revision Order by the Scottish Government…
GMC was awarded two further caisson fabrications contracts from North Sea operators, following its recent and first caisson installation in the North Sea earlier this year. Image of the GMC SWL Caisson…
Houston’s KBR has been awarded two global agreements by BP International for the provision of conceptual engineering services, and another for the provision of pre-front end engineering design (FEED) and FEED engineering services. Each…
The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for wellbore 7120/1-5, to be drilled from the Leiv Eiriksson drilling facility. The drilling program for wellbore 7120/1-5 relates to the drilling of an appraisal well in production license 492…
Eni Norge is planning to drill a well on the Bone-Bignorna prospects in production licence 716 in the Barents Sea. Well 7318/12-11, in blocks 7318/11 and 7318/12, is about 320km north-west of Hammerfest in about 418m water depth…
Hurricane Energy has confirmed a 'very significant fractured basement discovery,' potentially containing more than 250 MMbbl recoverable, in its Lincoln field appraisal well offshore west of Shetland, UK, the firm says. The well has…
EnQuest has named Neil McCulloch as the company’s new chief operating officer (COO), who will also join the board as an executive director. McCulloch, currently EnQuest’s president, North Sea, is being promoted to the group position of COO…
Weatherford International has appointed Christoph Bausch as executive vice president and chief financial officer (CFO), effective 13 December 13. Bringing many years of financial and operational management experience, Bausch joined the…
As a result of a significant Fugro technology achievement, users of its G4 satellite correction service will be among the first in the world to benefit from Galileo’s much anticipated “initial services” launch, the company said. The launch…
A new “think tank” has been launched to explore ways of tapping remaining gas supplies in the Southern North Sea. The SNS Rejuvenation Special Interest Group will look at ways of getting energy from reserves previously considered too tricky and expensive to exploit economically…
North Sea explorer Independent Oil and Gas has seen an increase in resource estimates on two southern North Sea prospects, Elgood and Harvey, following 3D seismic reprocessing work. Harvey, initially thought to be one discovery and a nearby prospect are now thought to be linked…
Aker BP extended the charter of the Safe Zephyrus semisubmersible accommodation vessel at the Ivar Aasen project in the Norwegian sector of the North Sea. The 10-day option extends on site operations through January 2017 and has a total value of about US$1…