US independent Hess will increase its 2017 exploration and production (E&P) budget, turning its attention to activity offshore Norway, Guyana, and the Gulf of Mexico, the company announced on 12 January. Image from Hess…
Oil and gas production on the Norwegian shelf is high. The adjustment process has been extensive, but the cost reductions implemented by the industry will lay the foundation for profitable activity for many years to come, the Norwegian Petroleum Directorate (NPD) said…
Ithaca Energy is further delaying its Stella field offshore the UK to February 2017 due to an electrical inspection program on the FPF-1 floating production facility. First oil was anticipated at the end of November 2016, and was pushed back to January 2017…
Premier Oil's Catcher North Sea floating production project is on schedule for startup later this year with a 29% reduced capital budget compared to when it was sanctioned, at US$1.6 billion. The Catcher area is expected to produce 96 MMboe…
Eni has started drilling on the Boné (Dazzler) exploration well 7318/12-1 in the Norwegian Barents Sea. Boné, being drilled using the Scarabeo 8 semisubmersible drilling rig is in a similar structural setting to the Johan Castberg discovery…
Tullow Oil announces several changes to its board of directors. Paul McDade, currently chief operating officer, will be appointed chief executive officer following Tullow’s Annual General Meeting (AGM) on 26 April 2017. This follows an…
The Petroleum Safety Authority Norway (PSA) has carried out audits within several disciplines at Snorre B, which is operated by Statoil. From 24 October to 7 November 2016, the PSA carried out an audit of Statoil's handling of major accident and working environment risk at Snorre B…
Norway’s upstream sector continued to feel the pain of low oil prices in 2016, but looks poised to make a recovery in 2017, new research from global natural resources consultancy Wood Mackenzie shows. Driving the recovery will be a step-change in exploration…
A severely distressed tail rotor caused the Sikorsky S-92 helicopter to lose total control in the 28 December incident at Total’s West Franklin platform offshore the UK, according to the UK’s Air Accidents Investigation Branch (AAIB). TRPCS…
Webtool, a hydraulic cutting tools provider, will highlight its latest cable gripper and retrieval tools, and electrically operated subsea cutters at Subsea Expo 2017. The stand will feature the Webtool cable gripper, which allows the…
UK independent Arenite Petroleum is seeking investors to help it drill a proof-of-concept horizontal well into UK Permian carbonates, as well as test an underlying Carboniferous strata. The move, which will target two horizons in the Permian carbonates…
Short-term disruptions have hit the North Sea today (10 January) following an alert service bulletin from helicopter manufacturer Sikorsky requiring inspection for all S-92 aircraft, globally. The bulletin follows an incident on 28 December…
In this video, BP shows its global plans for 2017. The supermajor will focus on several of its projects including Thunder Horse in the Gulf of Mexico; Shah Deniz 2 in the Caspian Sea off Azerbaijan; Juniper off Trinidad and Tobago; Quad 204 off the UK; and much more.
Maersk Oil is planning to cut 160 jobs from its Danish business unit following an 'organizational review.' The firm said the results of the review of the Danish business unit would 'simplify its organization to improve efficiency,' and create a more cost-efficient operating model…
UK Independent Serica Energy is targeting a development plan for the long-dormant North Sea Columbus field this year, the firm said today. Serica is also firming up plans to drill its Rowallan prospect in North Sea block 22/18c in 2018…