Partners in the Leviathan field offshore Israel have secured US$1.5-1.75 billion funding towards the field development project. Delek Drilling and Avner Oil Exploration secured the cash from HSBC Bank and J.P. Morgan. It will be released in tranches…
Decommissioning is now firmly on the North Sea oil and gas industry’s agenda. Some US$21.98 billion is forecast to be spent on decommissioning UK North Sea facilities in the next 10 years.* As the number of operational platforms decreases and the pace of decommissioning increases…
BP has agreed to buy a 10% interest in the Shorouk concession offshore Egypt, containing the super-giant Zohr gas field, for US$375 million. As part of the deal with Eni, BP will also reimburse Eni for BP’s share of past expenditure…
Statoil reported a fire on the Scarabeo 5 drilling rig in the Njord field in the Norwegian Sea. Image of the Scarabeo 5, from Saipem. As of 20:30, Statoil said that there are…
Production at OMV's Maari oil field offshore New Zealand has been shut in and the wellhead platform (WHP) down-manned after a crack was found in the platform. The 1.4m-long crack was found in one of the platform’s horizontal struts. The field…
New products, more data and leaner ways of working can change the way the industry identifies, develops and produces reserves. AnTech’s Tim Mitchell outlines the role fiber optics have to play. AnTech’s hybrid wellhead outlet…
After a long awaited return to Liberia, ExxonMobil started drilling at the deepwater Mesurado-1 exploration well earlier this week, according to partner Canadian Overseas Petroleum Ltd. (COPL). Map of Liberia…
Repsol E&P sent an early termination notice to Rowan Companies last week, ending its contract for the Rowan Renaissance drillship effective immediately. “The company expects to continue to be paid by Repsol on a monthly basis through the original termination date of 22 April 2017…
Perpetuus Tidal Energy Centre (PTEC) has announced major partnerships with global tidal turbine manufacturers, Schottel Hydro and Tocardo Tidal Turbines. PTEC is a 30 MW tidal tidal energy generation project being created off the Isle of Wight…
A total of 32 crude and natural gas projects are expected to commence operations in the North Sea region by 2025, with the UK claiming the highest number at 22, followed by Norway and Denmark with nine and one respectively, according to research and consulting firm GlobalData…
More and more heavy oil is coming into production pipelines. Measuring it, in a multiphase flow, is a challenge, says NEL’s David Millington. Heavy Oil. Photos from NEL. Cost…
Tidal energy developer Atlantis has achieved first power on its MeyGen project in the Pentland Firth, Scotland. The first fully connected turbine, supplied by Andritz Hydro Hammerfest (AHH), was successfully installed last week and plugged…
WFS Technologies and TSC have launched Seatooth ACFM (alternating current field measurement), a wireless smart non-destructive testing monitoring solution designed to reduce subsea inspection costs. TSC‘s ACFM array probe is a well-established…
Statoil has agreed to acquire Wintershall Norge’s 25% interest in the 11 MMboe recoverable Byrding project on the Norwegian Continental Shelf (NCS). The move will increase Statoil's interest in the project (previously called Astero) from 45% to 70%…
Statoil has awarded contracts to the FMC Technologies and Technip joint venture Forsys Subsea, and to Aker Solutions for its Trestakk field development that is scheduled for start-up in 2019, offshore Norway. Illustration of the Trestakk field…
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