Statoil’s technology research and development efforts will focus on developing technology to reduce carbon dioxide emissions (CO2) from oil and gas operations, as well as digital solutions, the company reported today (19 June). With ambitious goals both within climate and digitalization…
Sapura Energy’s SK310 B15 gas field development project offshore Malaysia remains on track for first production in Q4 2017, the company announced in its 19 June earnings update. Despite a challenging market due to oil price uncertainty…
Statoil has awarded Deep Sea Supply two contracts for two of the company's platform supply vessels (PSV). The first deal is a two-year contract for the Sea Frost PSV, for operations in the North Sea. The deal comes with options. The…
The UK's Oil and Gas Authority (OGA) has announced a suite of measures designed to make data openly available and stimulate interest in the UK Continental Shelf (UKCS) ahead of the 30th Offshore Licensing Round. The 30th Offshore Licensing…
Aker BP has drilled a dry hole close to the Volund field in the Norwegian North Sea, according to the Norwegian Petroleum Directorate (NPD). Well 24/9-11 S was drilled using the Transocean Arctic semisubmersible drilling rig in 122m water depth…
Russia's Rosneft says it has made a new oil discovery in the Laptev Sea, in the Russian Arctic. Rosneft says the Tsentralno-Olginskaya-1 well is the first in the Laptev Sea, and the northernmost exploratory well on the Eastern Arctic shelf…
ExxonMobil and partner Hess have made a final investment decision to proceed with a US$4.4 billion first phase of development of the giant Liza field, in the Stabroek block, offshore Guyana. The firm says it has also had positive results on its latest well on the field…
Tullow Oil has contracted US-driller Noble Corp. for an exploration well on its 'game changer' Araku prospect offshore Suriname, South America. Tullow has contracted the Noble Bob Douglas drillship from early October to early November…
VNG Norge estimates its development plan for the Fenja field to cost US$1.3 billion (NOK$11.5 billion), the company said in a 15 June impact assessment of the project. Source: VNG Norge Formerly known as the Pil and Bue discoveries…
JX Nippon Oil & Gas Exploration (Malaysia) started gas production from the Layang Field, offshore Malaysia, with an estimated 12,000 boe/d. Map from JX Nippon. Layang is about 7km east of the producing Helang Gas Field in Block SK10…
Paris-based geophysical firm CGG will file for Chapters 11 and 15 bankruptcy in the US, and open a Sauvegarde proceeding in France, after executing legally binding agreements in support of the terms of the agreement-in-principle with key financial creditors announced on 2 June…
Wood Group's proposed US$2.7 billion takeover of Amec Foster Wheeler has been overwhelmingly approved by shareholders at both companies, paving the way for the merger to be complete by this year. Image from Amec Foster Wheeler…
Energy XXI Gulf Coast (EGC) has spudded its first well of the year at West Delta 30 off the coast of Louisiana, as the company announced an 18% workforce reduction. Image of West Delta operations…
BP and Reliance Industries Ltd. (RIL) reported Thursday they would spend US$6 billion on three projects to develop deepwater gas resources offshore India that would bring 1 Bcf/d of dry gas production onstream between 2020 to 2022. Image…
Norway’s Petroleum Safety Authority (PSA) has given Statoil the go-ahead to drill the Gemini Nord exploration well in the Barents Sea. Statoil will use the Songa Enabler semisubmersible to drill Well 7325/4-1 well in the Hoop area approximately 275km from Nordkapp and 200km from Bjørnøya…
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