North Energy has entered into an agreement with Det norske oljeselskap, whereby Det norske will acquire North Energy's 10% interest in production license 722. The license was awarded in the 22nd licensing round, and is subject to a drill or drop decision in 2Q 2016…
Angola's national oil company Sonagol and Houston-based Cobalt International Energy have signed a sale and purchase agreement allowing Sonangol to acquire all of Cobalt's 40% participating interest in Blocks 21/09 and 20/11 offshore Angola for US$1…
The Petroleum Safety Authority of Norway has granted Lundin Norway consent to drill two wells: one in the North Sea, and one in the Norwegian Sea. In the central North Sea, Lundin will drill the Rolvsnes prospect. The exploration well 16/1-25S…
TGS has been given the green light by Mexico's Comisión Nacional de Hidrocarburos (CNH) to start acquiring multibeam, coring and geochemical analysis data over about 600,000sq km in Mexican waters. This project will cover the entire deepwater area of the offshore sector of Mexico…
Statoil has opted for Aptomar’s TCMS tactical collaboration and management system at the energy company’s field monitoring centre at Sandsli in Bergen, Norway. Under the contract, Aptomar will provide Statoil with TCMS (Tactical Collaboration and Management System) workstations…
With less than two weeks now left to SPE Offshore Europe, Shreyasi Bhaumik, Client Services Director, BCM Public Relations, gives her top 12 tips to surviving Europe's biggest oil show: Always plan ahead of the event. Review…
Low global crude prices have hit Saudi Arabia hard. With a considerable budget deficit, Saudi has been forced to begin borrowing from capital markets – US$4 billion in July. The kingdom is highly reliant on oil – accounting for more than 90% of budget revenues…
Songa Offshore has today taken delivery of Songa Endurance from Daewoo Shipbuilding & Marine Engineering (DSME) in Korea. Songa Endurance will shortly depart South Korea en-route to Norway to start an eight-year drilling contract with Statoil…
On 21 August the Polarled gas pipeline crossed 66° and 33 minutes north of the equator becoming the first pipeline to take the Norwegian gas infrastructure across the Arctic Circle. This will open a new gas highway from the Norwegian Sea to Europe…
Image: wind turbines at sea/iStock DONG Energy acquired the Hornsea zone and the project rights to Hornsea Project Two and Three, which have the potential of 3 gigawatts (GW) offshore wind capacity…
After nearly two years, Gazprom Neft Shelf has brought its second well into production at the Prirazlomnoye field in the Russian Arctic. Image of the Prirazlomnaya field. From Gazprom. Prirazlomnoye is located in the Pechora Sea…
Oceaneering International appointed Clyde Hewlett the company's new chief operating officer. In this capacity he will have expanded responsibility for managing all of Oceaneering’s oilfield business…
Image: Ecopetrol The board of directors of Ecopetrol, in its meeting held on 14 August, 2015, authorized the creation of a Colombian company indirectly wholly-owned by Ecopetrol…
Statoil’s Johan Sverdrup has received the official green light for phase one of its plan for development and operation (PDO) by the Norwegian Ministry of Petroleum and Energy. Johan Sverdrup field center…
Image: North Sea license PL410/Hibiscus Petroleum Hibiscus Petroleum Berhad has announced that its jointly-controlled entity, Lime Petroleum Norway has executed an agreement…
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