Norwegian oil and gas exploration company Wellesley Petroleum has drilled another dry well in the Norwegian section of the North Sea, 220 kilometers northwest of Stavanger.The explorer for oil and gas sees second dry well this year with latest probe using semisub Transocean Arctic…
The newly formed exploration and production (E&P) company Vår Energi is progressing the redevelopment of the Balder and Ringhorne area offshore Norway and a FEED contract for the Jotun FPSO life extension has now been signed with Aker Solutions…
An area of rich oilfields in the southern North Sea off Norway appears set to become the next large-scale development to awe and shock observers for being a possible “fast-track” project in a mature area thought to have seen its best days.Norwegian offshore operator…
Norway’s Petroleum Safety Authority (PSA) has approved ExxonMobil’s handover of its operated fields on the Norwegian Continental Shelf (NCS) to Point Resources. The decision gives Point consent to use facilities at the Balder, Ringhorne…
Teekay's Petrojarl I floating production, storage and offloading (FPSO) vessel has sailed away from Aibel's shipyard in Norway. The TenTech 685-design vessel, which was the North Sea's first FPSO when it was delivered in 1986 by NKK in Japan…
After more than 40 years service, an icon of the inustry, Heerema Marine Contractor's semisubmersible crane vessel Hermod, was loaded onto Boskalis' heavy transport vessel Dockwise Vanguard in the port of Rotterdam. The Vanguard will…
Norwegian private equity-backed player Point Resources has completed its deal to buy ExxonMobil's operated stakes in the Balder, Ringhorne, Ringhorne East, Jotun and Forseti fields on the Norwegian Continental Shelf (NCS) and plans to invest US$2…
Heerema Marine Contractor’s iconic semisubmersible crane vessel Hermod is set to retire after a 40-year operational service history. Hermod's first job in 1979, installing the Piper A platform topsides in the UK North Sea…
The North Sea's first floating production, storage and offloading vessel (FPSO), the Petrojarl I, has been delivered to owner Teekay after a two and a half year project to make it ready for its next deployment. The Petrojarl 1, a Tentech 685 design vessel…
Newcomer Point Resources has entered the playing field as a mid-sized Norwegian exploration and production (E&P) company, signing a deal with ExxonMobil to acquire the supermajor’s operated upstream business in Norway. The Jotun A…
Norway’s Petroleum Safety Authority (PSA) has carried out an audit of AkerBP's arrangements for the administration and management of emergency preparedness and materials handling at Ivar Aasen in the North Sea. Ivar Aasen…
The Norwegian Petroleum Directorate has granted ExxonMobil consent to start-up the subsea facility for production well 25/11-E-29 AH on the Balder field, nearly one week after the supermajor gained approval from Norway’s Petroleum Safety Authority (PSA)…
ExxonMobil has received consent to use a new subsea well on the Balder field. ExxonMobil is the operator of the Balder field, in block 25/11 in the Norwegian North Sea, around 190km west of Stavanger. The Balder field belongs to production licence PL 001…
Oceaneering has entered into a master service agreement with Heerema Marine Contractors through to December 2020. Under the agreement, Oceaneering will provide up to 10 remotely operated vehicle (ROV) systems with associated subsea tooling…
Quest Offshore's Andrew Jackson discusses how the depressed global market dynamics are affecting one of the world's premier deepwater basins. Oil from the Bonga North West underground reservoirs…
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