Noble Energy is moving forward with the development of its giant Leviathan project offshore Israel, with first gas targeted for the end of 2019. Image of Tamar operations, from Delek Group. The estimated 22 Tcf gas field…
Polarcus has signed a heads of agreement with Russia's SCF GEO AS (Sovcomflot) to charter a vessel on bareboat terms with delivery scheduled for March 2017, a deal that comes with an option for Sovcomflot to buy the vessel. Image of the Polarcus Nadia…
Israel's Delek Group has made a US$524 million offer for UK independent explorer and producer Ithaca Energy. The offer, a 12% premium on Ithaca's last closing price on the Toronto Stock Exchange, would see Delek take over Ithaca's UK North Sea portfolio…
British subsea companies are expecting to increase overseas activity in the next 12 months, according to a survey conducted by industry body, Subsea UK. Of the 300 member companies surveyed, 27% are predicting increasing exports by 50% or more in 2017…
Statoil has made a new 20-50 MMboe gas discovery on the Norwegian North Sea Valemon field, at Valemon West. The well was drilled using the jackup rig West Elara, in 133.5m water depth, 160km north-west of Bergen. It is the seventh exploration…
Culzean. Image from Maersk Oil. IKM has secured a pre-commissioning contract, courtesy of Subsea 7, for the Culzean gas field, offshore the UK in the central North Sea. Subsea 7 has won the award from Maersk Oil for subsea…
George Scott, Director for KPMG’s Cyber & Privacy practice in Scotland, warns companies in the upstream energy sector of impending changes to EU data protection laws in the form of General Data Protection Regulations. The European Union’s (EU’s) new General Data Protection Regulation (GDPR)…
Norwegian geoscience firm Spectrum has made an offer to acquire fellow Norwegian outfit MultiClient Geophysical for US$13.94 million (NOK 116 million). The offer trumps an earlier offer made by UK-based geoscience firm Geoex by about…
Tidal energy firm Atlantis Resources has signed a memorandum of understanding (MOU) with Ideol, a leading developer of offshore wind floating foundation solutions, which could lead to a 100 MW plant by 2021. Atlantis is behind the MeyGen tidal energy project in the Pentland Firth…
Schlumberger disclosed a 22% decline in its full-year 2016 revenue, despite gaining US$4.2 billion from the Cameron Group, which the oil services giant took over in April 2016. Image of Kibsgaard…
Norwegian firms Aker Solutions and Aibel have won hook-up and commissioning contracts on Statoil's massive Johan Sverdrup field development offshore Norway. The contracts have a total value of slightly less than NOK 1.3 billion, excluding options…
Offshore exploration could, finally, soon be on the agenda in Lebanon after the country's first offshore licensing round was opened. Lebanon’s Energy Minister Cesar Abi Khalil announced on 26 January the opening and timetable for the round…
Tidal power firm Atlantis has been awarded €20.3 million in funding from the Horizon 2020 European Commission fund. The cash is for the firm's Demotide project, which will design, build and operate a 6 MW turbine array, also called MeyGen Phase 1B…
Recently formed Norwegian operator Aker BP has set out an ambition to discover a net 250 MMboe in reserves in 2016–2020. At a capital markets day, the firm said it is planning four operated exploration wells and three partner-operated exploration wells in 2017…
Statoil is set to move forward with more than half a billion dollar's worth of investment in the UK and Norwegian North Seas after getting the green light for its Utgard and Byrding projects. The move comes just as the firm is considering…
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