Statoil, operator of production license 169, has concluded the drilling of wildcat well 25/11-28, 13km south of the Grane field in the North Sea. The well is dry, according to the Norwegian Petroleum Directorate. The objective of the…
When the oil price drops, people want to know how long the decline will last and when it will go back to “normal.” Audrey Leon reports on how market watchers and researchers tried to make sense of the downturn at this year’s SPE Offshore Europe conference…
Deloitte’s survey of oil and gas operators and oilfield services companies has found that a lack of effective supply chain collaboration means companies are missing out on maximizing the potential value from the UK Continental Shelf (UKCS)…
Nominations have opened for the 2016 Subsea UK Awards. Now in its 10th year, the awards seek to recognise companies and individuals who are leading the way in Britain’s successful £9billion subsea sector. Entries are being sought for the best subsea company of the year (large and small)…
The Norwegian University of Science and Technology (NTNU) and Statoil signed an agreement on research funding for future energy solutions. Statoil CEO Eldar Sætre (left) and NTNU Rector Gunnar Bovim…
The theme of this year’s SPE Offshore Europe is inspiring the next generation, and the event’s opening plenary showed how a few notable figures set foot on their STEM career paths. Audrey Leon reports. Opening…
Image: silver-eye/Searcher Seismic Searcher Seismic announced that the acquisition of the Silver-Eye 3D seismic survey in the Hammerfest Basin, Norwegian Barents Sea is now complete. The…
It’s no secret that the current state of the oil and gas industry is one of doom and gloom. And before a solution can be found, the industry must first admit there is a problem. “I think what we’re seeing is really a confluence of two major factors…
While Russia is continuing to pump crude oil at record levels, producing on average 10.685 MMb/d in 2015, the continuous pressure from US/EU sanctions is having an impact on the strategic course of Russian oil and gas industry, says an analyst with research and consulting firm GlobalData…
Lundin Norway encountered oil at two appraisal wells at the Alta discovery in the Barents Sea that proved important for the eastern flank Alta, and will result in further exploration in the area. Map of the appraisal wells…
The Bulgarian Ministry of Energy awarded Shell E&P a permit for deepwater exploration of oil and natural gas in Blocks 1-14 Silistar in the Black Sea, according to Energy Minister Temenuzhka Petkova. Image from Shell…
Rex International (RII) entered into a subscription agreement with Lime Petroleum Norway (LPN) for about US$11.72 million (NOK 100 million) as capital injection for Lime’s drilling program obligations. Image from Rex…
Electromagnetic Geoservices ASA (EMGS) is extending its cost reduction plans by removing another vessel from its fleet, and reducing staffing levels in a move that will reduce operation costs by up to US$35 million annually, and $70 million for 2015…
Gulf Marine Services' GMS Scirocco newbuild has been completed ahead of schedule and under budget and has been awarded its first contract. The vessel will commence a four-month contract (three months firm with a one-month option) in October for an engineering…
The last pipe in Statoil’s Polarled pipeline has been laid this week in the Norwegian Sea, with the project coming in at 32% under budget. The pipeline was laid by the world's largest pipelaying vessel: Solitaire from Allseas…
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