Aging assets and life extension are consuming ever more engineering hours in the offshore oil and gas industry. How can engineering tools help? Meg Chesshyre looks for answers. Image from Petrofac…
Independent Oil & Gas (IOG) has received extensions from the Oil and Gas Authority (OGA) for its Cronx and P2085 licenses located in the North Sea. Cronx OGA has extended the Cronx license by one year to 9 January 2017. In addition…
Songa Offshore's newbuild semisubmersible drilling rig, the Songa Endurance, has today started drilling operations under its eight-year drilling contract with Statoil at the Troll field on the Norwegian Continental Shelf, and the rig is now on operating rate…
Oil firm BP has started returning staff to its Valhall complex after evacuating the facility when an adrift barge started drifting towards it as fierce weather continued to wreak havoc across the UK and Norway. ConocoPhillips had also downmanned its Eldfisk platform earlier today…
One person has died and two more were injured after a breaking wave hit the COSL Innovator semisubmersible drilling rig around 5pm local time on 30 December, Statoil announced. The rig, which is under contract with Statoil for the Troll field in the North Sea…
Lundin Petroleum has completed the drilling and evaluation of exploration well 7130/4-1 on the Ørnen prospect. The well is in PL708, on the eastern parts of the Finnmark Platform in the southern Barents Sea. The well was dry and has been plugged and abandoned…
Shell started first natural gas production from the Corrib field, off the northwest coast of Ireland. Corrib start up. Image from Shell. Corrib is located 83km off Ireland’s northwest coast in nearly 350m water depth…
Abu Dhabi National Energy Company PJSC (TAQA) announced first oil from the new Cladhan field development in the UK North Sea on 29 December. The field was developed as a subsea tieback to the TAQA-operated Tern Alpha platform. Peter Jones…
Petroceltic has opted to exit stakes in Greece and Egypt, following an announcement by the company's board that it has initiated a formal strategtic review of its business and assets due to breaching debt repayment obligations. In the 23 December announcement…
Shell has terminated the contract for the Polar Pioneer, a harsh environment semisubmersible drilling rig, announced rig owner Transocean on 28 December. The rig was famously used this summer in Shell's Arctic campaign in the Chukchi Sea…
Bad weather has delayed first oil from Premier Oil's Solan project, in the West of Shetland area, until January, the firm announced on 23 December. Premier Oil stated in its operations announcement that further progress has been made…
Det norske oljeselskap has completed its agreement to acquire Premier Oil Norway. The merger, previously announced on 16 November, comprises all Premier Oil plc’s Norwegian assets for a net consideration of US$120 million on a cash free, debt basis…
Lundin Petroleum has discovered oil at the Rolvsnes exploration well 16/1-25 S in PL338C, in the central North Sea sector of the Norwegian Continental Shelf (NCS), the company confirmed on 22 December. Lundin said the well encountered a 30m gross oil column in porous granitic basement…
Norwegian Energy Co. (Noreco) subsidiary Noreco Norway entered into a sale and purchase agreement (SPA) with Djerv Energi for the sale of its exploration license interests, organization and management systems. The owners of Djerv will be a US-based investment fund (70%) and Noreco (30%)…
North Energy acquired Explora Petroleum for a cash payment of US$2.5 million deal. The transaction is being implemented through the purchase of all the shares in Explora from the company's shareholders, who comprise certain employees and individual shareholders…
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