Rowan Companies has received two early termination notices this month, in addition to booking more work and selling one jackup. Image of a Rowan jackup, from Rowan. Cobalt International…
Lundin Norway has been given the go-ahead to drill well 7219/12-1, or Filicudi, in the Norwegian Barents Sea, using the Leiv Eiriksson semisubmersible drilling rig. The well about 24km south of the Salina discovery, made by Eni in 2012…
While it seems most Arctic exploration activity has slowed, it really depends on where you look. Bruce McMichael reports. Gazprom Neft’s Prirazlomnoye facility, in the Russian Arctic. Photos from Gazprom Neft…
The Petroleum Safety Authority of Norway has granted Lundin Norway consent for exploration drilling in the Barents Sea. Lundin will drill exploration well 7219/12-1 in a prospect named Filicudi. The drilling site is 218km north-west of Hammerfest at 320m water depth…
Quest Offshore, recently acquired by Wood Mackenzie in August, outlines the highlights of the global deepwater drilling market, region by region. Melissa Sustaita sets out the details. Top…
Norway's SeaBird Exploration is to carry out a long offset 2D multi-client survey in the Barents Sea. SeaBird and Lundin Norway jointly designed the survey of deep seismic profiles to be acquired in the Barents Sea during September-October 2016…
CGG launched TopSeis, its latest offshore broadband seismic solution specifically designed to overcome the intrinsic lack of near offsets inherent in 3D towed-streamer seismic, at the 2016 Offshore Northern Seas (ONS) conference today (29 August)…
Statoil has completed a deal, selling 15% stake of the Edvard Grieg field to Lundin Petroleum, which will now increase the Norwegian giant’s shareholding in Lundin to 20.1%. The transaction also included the divestment of associated pipeline…
Lundin Petroleum terminated a US$265 million deal with M3nergy Investment for the sale of the Bertam floating production and storage offloading (FPSO) vessel after the Malaysian company failed to secure the required financing. The deal…
In the run up to this week’s ONS (Offshore Northern Seas) conference in Stavanger, the short-term prognosis for the Norwegian oil and gas industry wasn’t good. Statistics Norway pointed to a nearly 20% drop in investment in the sector, estimated for 2017…
Statoil has reduced the cost of its massive Johan Sverdrup develop even further, to reach a full field break even cost of US$30/bbl, the Norwegian oil major revealed this morning. Drilling operations at Johan Sverdrup…
Lundin Petroleum has started its 2016 exploration and appraisal campaign in the Loppa High area in the southern Barents Sea targeting 587-862 MMboe. The winterized Leiv Eiriksson semisubmersible drilling rig (pictured) has been contracted…
Rig operator Ocean Rig has agreed to delay the delivery of the first two of three new rigs it is having built by Samsung Heavy Industries. The firm is also assessing its future financial viability amid a 'grossly oversupplied market,' which is expected to worsen…
Statoil is applying new concepts and new thinking to the Johan Castberg development on the Norwegian Continental Shelf. It’s a DC fiber optic future, Elaine Maslin reports. Transocean’s Polar Pioneer semisub drilled the Skrugard prospect in 2011…
The industry will emerge from its current crisis, but the next chapter in the oil and gas industry may look very different. Hannon Westwood’s Andrew Vinall gives his view. Northwest Europe 2016 exploration…
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