The Oil & Gas Technology Center (OGTC) has officially launched the third year of its accelerator program, TechX, with the announcement of new industry partner, Equinor.The TechX Pioneer Program – a unique technology accelerator and incubator…
Services firm InterMoor said it said it swapped out 12 mooring lines on the Chevron-operated Alba floating storage unit (FSU) currently moored in 140 meters water depth in the UK North Sea.The scope of the project included engineering, procurement…
Aker BP ASA cut its full-year oil output target on Tuesday as production problems at the oil explorer's Valhall field in the North Sea offset a boost from the early opening of its Johan Sverdrup field in Norway.The company, jointly controlled…
Switzerland has pressed charges against a person in a corruption probe of Brazilian state oil company Petrobras and construction firm Odebrecht, the attorney general's office said, adding it was seeking to conclude the case quickly.Prosecutors in Bern on Tuesday said they suspect the person…
A temporary tax incentive regime, low oilfield breakeven pricing and a chance to profit on modifications alone rather than via drill bit appear to be factors lifting prospects and getting banks behind a stalled Danish offshore revival.On Monday…
Oil from the giant Johan Sverdrup field in the Norwegian sector of the North Sea has arrived at the Mongstad plant north of Bergen.“This is a great day for Equinor and the Johan Sverdrup partnership, consisting of Lundin Norway, Petoro, Aker BP and Total…
An Aberdeen-based company has created a lessons learned management system that captures critical project data and helps inform the future performance of complex oil and gas developments globally.Prism Energy, which provides project and risk management applications and consultancy…
Premier Oil found gas while drilling at the Tolmount East well in the North Sea, the company announced on Thursday.The 42/28d-14 well in P1330, Block 42/28d was targeting 220 BCF of P50 gross resource, in an undrilled area four kilometers east…
The number of wells drilled could challenge all-time high levels by the end of the year in the Norwegian Continental Shelf (NCS), while global offshore exploration activity has been flat year-to-date.Rystad Energy expects that this high activity…
The North Sea oil and gas industry’s 50-plus year heritage now means that history is being revisited as facilities – including subsea wells – installed decades ago are decommissioned.One is the first early production system tieback, which included…
The offshore industries and researchers are sharing industry-acquired ecological data as part of a program increase understanding of the influence of manmade structures on the ecosystem of the North Sea.The INSITE Program has attracted recognition and support from industry…
Marine geoscience companies CGG and TGS announced they have completed a 5,000 square kilometers multi-client 3D survey in the highly prospective Greater Castberg area in the Barents Sea offshore Norway.The survey commenced in the second quarter…
PGNiG announced it has made a discovery in the Shrek prospect in the Norwegian Sea, about 210 kilometers northwest of Brønnøysund.Based to preliminary estimates, recoverable resources range between 19 million and 38 million barrels of oil equivalent (boe)…
How to manage the legacy left by industrial development can be riddled with uncertainty and be enduring in nature. Perhaps understandably, the development of the UK’s offshore hydrocarbon reserves prioritized production considerations over those…
OKEA said it will live stream the drilling log from a pair of appraisal wells on the Draugen field in the Norwegian Sea.OKEA, which took over as the field's operator in December 2018, said on Tuesday it will live stream the drilling log from the drilling operations on Twitch…
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