Bermuda listed Seadrill, and Norwegian drillers Odfjell and Sevan Drilling reported their Q1 results this morning. Intense focus on cost cutting and efficiency have helped all three, as it had with the likes of Ensco and Transocean,…
The platform deck for the Ivar Aasen field was completed at the yard in Singapore on Sunday and will sail away to Norway shortly, operator Det Norske said this morning. The platform deck has now been moved from SMOE’s yard area to the Cosco vessel the Xiang Rui Kou…
Wood Group has been awarded four subsea contracts with Statoil on the Norwegian continental shelf (NCS). The latest award is a study to deliver subsea field concept engineering for the Snorre expansion project. This project will focus…
Weatherford’s Snorre Lutnes examines managed pressure drilling applications across key regions. MPD deployment. Images from Weatherford. Once reserved as a last resort for wells defined as undrillable…
Statoil has cut its average project cost per barrel from US$70/bbl to around $40/bbl, but the work has just started and the changes need to be permanent, even if prices increase, CEO Eldar Sætre said this morning. Speaking at the Subsea Valley conference in Oslo…
Statoil has has extended its drilling contracts with KCA Deutag, Odfjell Drilling and Archer for services on its platforms on the Norwegian continental shelf. The contract options, based on contracts initially awarded in 2012, were exercised…
The Petroleum Safety Authority (PSA) of Norway has granted Statoil consent to use the Bideford Dolphin mobile drilling facility to drill a sidetrack on the Vigdis field in production license 089. The planned start-up is early February and the activity is estimated to last 8 days…
Statoil is to move ahead with its delayed Johan Castberg oil field in the Barents Sea after cutting estimated development costs by half. The firm is now planning a floating production, storage and offloading vessel for the development…
The acquisition of 100% of the shares of E.ON E&P Norge by DEA Norge has been completed on the 16 December, 2015. With the deal, DEA Deutsche Erdoel AG enhances its presence in Norway and its long-term commitment to the country’s oil and gas industry…
Wood Group has been awarded a main contractor framework agreement worth approximately US$400 million to deliver maintenance and modification services to four Statoil installations on the Norwegian continental shelf (NCS). Wood Group Mustang Norway will provide this support for the Snorre A&B…
E.ON is divesting 100% of its Norwegian exploration and production (E&P) business in a US$1.6 billion deal with Germany’s DEA Deutsche Erdoel AG. Image from E.ON. Upon the terms of the contract…
A new offshore play is emerging in the oil and gas exploration business – deepwater contourites. Elaine Maslin spoke to Professor Dorrik Stow about what and where they are and how they were found and how scientific deepwater drilling is helping to unlock their secrets…
GE Oil & Gas signed a framework agreement with Statoil to provide subsea operations services for the Statoil’s operated fields Tordis, Vigdis, Snorre and Troll, located northwest of Stavanger. The agreement will be effective on 1 October 2015…
Autronica Fire and Security has announced that Statoil has selected the Autro Safe integrated fire and gas detection system for operations in the Johan Sverdrup oil field in the North Sea. As part of the four-year framework agreement…
GE Oil & Gas has signed a framework agreement with Norway's Statoil to provide subsea operations services for the company's operated fields Tordis, Vigdis, Snorre and Troll, located north west off the coast of Stavanger. GE Oil & Gas will run the services from their Dusavik site…
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