Premier Oil has sold interest in six Central North Sea offshore licenses to Hungary’s MOL Group for US$130 million, the duo announced on 30 June 2014. The sale includes non-operated equity stakes in the Nexen-operated Scott (21.84%), Rochelle (15%) and Telford (1…
Tommy Sundt has been appointed CFO of Norwegian Energy Company ASA (Noreco). He will join the company on 2 September 2014. In his previous position, Sundt has served as CFO for Oslo-based Rocksource ASA, an exploration and production company…
The Norwegian Petroleum Directorate has granted Norwegian exploration and development company, Det norske oljeselskap ASA, a drilling permit for well 2/9-5 S. Well 2/9-5 S will be drilled from the Mærsk Giant jackup drilling facility at position 56°24’45…
Statoil (UK) has awarded two five-year contracts to two UK firms for the Mariner ultra-heavy oil field, in the East Shetland Platform in part-block 9/11a in the UK North Sea. Aker Solutions' Aberdeen operations will perform maintenance and modification services for the US$7 billion project…
Three days after the Berkut platform was installed on the Arkutun-Dagi field, Russian Federation President Vladimir Putin gave permission for the platform to begin operations via videoconference. The Arkutun-Dagi field is part of the multi-billion-dollar Sakhalin-1 project…
Statoil opened a new improved oil recovery (IOR) center in Trondheim the same day it announced an R&D-focused strategic agreement between subsidiary Statoil Technology Invest (STI) and Scottish Enterprise. The new IOR center will be the largest center of its kind in the country…
Statoil announced it has awarded a joint venture contract to Technip and DeepOcean for Pipeline Repair System (PRS) Pool services. The contract was sent out on competitive tender by Statoil in December 2013 and will replace the existing one…
Subsea 7, announced it has received a delivery of a consignment of acoustic release transponders and accompanying heavy duty release frames from Sonardyne International Ltd. The Oceanographic Release Transponders (ORTs) will be used, up to 17 at a time…
Statoil’s Brugdan II well offshore the Faroe Islands is being plugged and abandoned after finding no hydrocarbons. The well, which was a re-entry of the 6104/21-2 well, was drilled to 4542m, 130km offshore the Faroe Islands. Drilling…
Canada's National Energy Board (NEB) has approved a Geophysical Operations Authorization (GOA) application from TGS-NOPEC Geophysical Company (TGS), Petroleum GeoServices (PGS), and Multi Klient Invest (MKI) to conduct a 2D offshore seismic…
The naming ceremony of the semisubmersible rig Deepsea Aberdeen was celebrated at the Daewoo Shipbuilding and Marine Engineering yard in Okpo, South Korea 25 June. The sea trials will roll out from July-August. Odfjell Drilling…
Tangiers Petroleum has said the Ralph Coffman jackup rig started drilling at the TAO-1 exploration well, offshore Morocco, yesterday. The TAO-1 well is within a proven petroleum system, adjacent to the Cap Juby heavy oil discovery and has been designed to test up to three stacked objectives…
INTECSEA will expand into New Zealand, choosing Philip Furr to lead the upstream offshore and subsea business in the country as its new offshore and subsea manager, the company announced on 25 June 2014. Furr will be based in the New Plymouth office…
Bourbon Offshore celebrates delivery of its 500th vessel, placing the group at the head of the world's largest fleet of vessels operated1 for the offshore marine services industry. Bourbon announces the entry into service of the Bourbon Evolution 806…
Eni has entered into a production sharing contract (PSC) with state-owned PetroVietnam for the exploration of Block 122, off eastern Vietnam. The Italian firm’s CEO, Claudio Descalzi, met with PetroVietnam President and CEO, Do Van Hau, in…
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