North Sea independent explorer Jersey Oil & Gas says the Verbier prospect, due to be drilled by Statoil this summer, contains 162 MMboe mean prospective resources. The estimate - and increase on a previous 118 MMboe estimate - was made…
Statoil is preparing to drill the Verbier prospect in the UK North Sea, with a rig anticipated to be in place by this summer, according to partner Jersey Oil & Gas (JOG). Map of Blocks 20/5b and 21/1d…
Wave power firm Ocean Power Technologies (OPT) has formed a strategic alliance with HAI Technologies, with an initial plan to work together on offshore oil and gas subsea chemical injection systems, where persistent power and real-time data communications are critical…
Statoil has confirmed to the Oil and Gas Authority that it will drill a well on the Verbier prospect in the North Sea, in summer 2017, according to partner Jersey Oil & Gas. Jersey says the prospect, which is in production license 2170…
Statoil has started work planning a well on the Verbier prospect in the UK North Sea, according to partner Jersey Oil & Gas (JOG). The Fugro Galaxy survey vessel has arrived in the Verbier license under contract to Statoil, ahead of a potential exploration drilling program…
Jersey Oil & Gas (JOG), with its co-venturer, CIECO Exploration and Production (UK) Ltd. (CIECO), have completed the sale and purchase agreement with Statoil for the farm-out of a 70% working interest in UK Seaward License P.2170, Blocks 20/5b and 21/1d in the UK Central North Sea…
Norway's Statoil has agreed to acquire a 70% stake in two blocks in the UK North Sea from Jersey Oil & Gas and CIECO Exploration for US$2 million, and is planning to drill and exploration well on one of the blocks in 2017. The two blocks…
While the US is only on the verge of bringing its first wind farm online, Audrey Leon surveys some of the prospects slated for the country’s federal waters. LEEDCo’s mono bucket foundation. Photo from DOE…
As part of President Obama’s comprehensive Climate Action Plan to create American jobs, develop domestic clean energy resources and cut carbon pollution, Sally Jewell, US secretary of the Interior and Abigail Ross Hopper, Bureau of Ocean Energy Management (BOEM) director…
Junior exploration firm Trapoil has agreed to acquire Jersey Oil and Gas E&P (JOG) for £495,000 and raise about £820,000 to cover its costs. In a reverse takeover style deal, Trapoil will be renamed Jersey Oil and Gas and JOG's founding…
The year is 1975. OE's first cover. Jaws, The Godfather 2, Young Frankenstein, and Tommy are playing at movie theatres. Glen Campbell, David Bowie, and The Captain & Tennille are dominating the radio waves with Rhinestone Cowboy…
SNC-Lavalin Group Inc. announced it completed its acquisition of Jersey-based oil and gas services company Kentz Corp. Ltd. The acquisition of Kentz supports SNC-Lavalin’s ongoing transformation into a global Tier-1 engineering and construction (E&C) company…
Canada’s SNC-Lavalin has agreed to buy Jersey-based oil and gas services company Kentz Corporation in a deal valuing the Kentz at £1.2 billion (C$2.1 billion). SNC-Lavalin said the move was part of its strategy to become a global Tier-1 engineering and construction company…
Phoenicia Energy Co. Ltd. informed Mediterranean Oil & Gas plc (MOG) that the Noble Paul Romano deepwater semisubmersible is moored in Valletta Harbor and is undergoing final inspection and acceptance tests before it begins drilling the Hagar Qim-1 wildcat in Block 7 of Area 4 offshore Malta…
Petrobras awarded a US$24 million contract to Prysmian Group for downhole technology (DHT) systems. The DHT systems for offshore oil and gas extraction application will be delivered in July 2014, and will be manufactured in the Prymian Group’s facilities in Bridgewater…
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