According to the latest analysis from Wood Mackenzie capital and operating costs in the UK and Norway's upstream sectors will decrease steadily this year as operators respond to lower oil prices. Wood Mackenzie projects that the biggest reductions will come in drilling costs…
The Petroleum Safety Authority Norway granted Statoil consent for exploration drilling at its operated production license 602 in block 6706/11 in the Norwegian Sea. The field is located around 233km from the nearest mainland at Skomvær in the county of Nordland…
UK Total Solutions (UKTS) and Gateshead College will open a new oil, gas and renewables academy, the first in the northeast, following a six-figure investment in a purpose built facility, which will provide a gateway to an industry career and help resolve some of the industry’s skills shortages…
Tullow Oil began exploration drilling at the Zumba prospect in the Norwegian Sea, according to partner North Energy. The Leiv Eiriksson. From Ocean Rig. Zumba is located in production licence 591…
Atlantic Petroleum is withdrawing from, and farming out of two production licenses in the Norwegian Sea. Roald Rygg map. From Statoil. The company submitted a notice of withdrawal…
To develop its large fleet, Groen Offshore, Guard & Support selected the first Damen Twin Axe Fast Crew Supplier (FCS) 2610 to be customized with offshore oil and gas standby capabilities. The Netherlands-based company will deploy…
Newly formed Norwegian exploration firm Origo Exploration has given a boost to its exploration portfolio by signing three farm-in transactions involving four licenses: two on the UK Continental Shelf, and two on the Norwegian Continental Shelf…
A review of resources on the Norwegian Continental Shelf shows that the current recoverable volume of oil in fields and discoveries exceeds the estimated figure in 2005. Further, it presume that more oil remains to be discovered, according…
Wood Group Kenny (WGK) will provide technical advisory services for carbon capture and storage (CCS) policies, as well as potential projects across the UK, as part of a framework agreement with the Department of Energy & Climate Change (DECC)…
TGS has taken on a new CFO, accommodation vessel operator Prosafe's CFO Sven Børre Larsen. Larsen's start date has yet to be determined, says TGS, but it will be no later than 1 December 2015. Larsen has been CFO at Prosafe since 2011…
Aibel has been chosen to conduct a front-end engineering and design (FEED) study for Statoil's Oseberg Future Development Brownfield Topside project. The Oseberg Future Development Brownfield Topside project involves connecting what would…
Kongsberg Maritime has been awarded a call-off order for delivery of the safety and automation system (SAS), life cycle simulator and SAS information management system for the four platforms on Statoil’s Johan Sverdrup development field center…
More than half (56%) of global oil and gas executives are ready to do deals in the next 12 months according to accountants and business advisors EY’s 12th biannual Oil & Gas Global Capital Confidence Barometer. The global survey of 112…
The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum a drilling permit for well 6706/11-2 on the Gymir prospect. Well 6706/11-2 will be drilled from the Transocean Spitsbergen semisubmersible drilling rig after completing…
Facilities service provider Petrofac has been awarded a contract to support maintenance management system (MMS) implementation for Bumi Armada’s floating, production, storage and offloading (FPSO), the Armada Kraken. The vessel, a converted Suezmax ice-class tanker…