Russian oil exploration giant Rosneft has said it and partner ExxonMobil have made an oil discovery on the Universitetskaya-1 well in the Arctic, despite US and European Union sanctions. Rosneft said the well, in the East-Prinovozemelskiy-1 license in the Kara Sea…
ExxonMobil and Rosneft will end drilling operations in the Kara Sea due to Western sanctions. The West Alpha ExxonMobil released a statement today (19 September), which said the supermajor will comply with all US sanctions…
The Centrica Energy-operated 43/13b-7 Pegasus West well in the Southern North Sea indicated the presence of gas, reported partner Atlantic Petroleum. Following the analysis of available data, the joint venture has decided to drill stem test the well…
Rosneft, Seadrill Ltd. and North Atlantic Drilling Ltd. (NADL) entered into a framework agreement. The cooperation would see the Russian producer exchanging assets for shares in the Norwegian drilling company, which specializes in harsh environment operations…
Cylindrical floating vessel firm Sevan Marine says it has a positive outlook with multiple leads for its technology, including FLNG technology and potential deals for floating production units on Premier Oil’s North Sea Bream field and Shell’s Penguins…
Statoil and partner RN Nordic Oil, a Rosneft subsidiary, began exploration drilling on the Pingvin prospect in production license 713 in the Norwegian Barents Sea using the Transocean Spitsbergen semisubmersible drilling rig (pictured) in 422m water depth…
ExxonMobil began exploratory drilling operations in the Kara Sea’s Universitetskaya structure in the East Prinovozemelskiy area on 9 August, defying Western-imposed sanctions against Russian state-owned Rosneft. Drilling on the Universitetskaya-1 well…
Rosneft and North Atlantic Drilling Ltd. (NADL) executed multiple long-term offshore drilling contracts at the end of July, just before the newest round of European Union (EU) and US-issued sanctions were enacted. Rosneft committed to six offshore drilling units until 2022…
Centrica Energy has started drilling on the Pegasus West well 43/13b-7 on P1724 in the UKCS. The well is being drilled with the Noble Julie Robertson jackup rig in 95ft water depthabout 7km WSW of the 43/13b-6Z Pegasus North discovery well…
A second production well on Nexen Petroleum's Blackbird field in the UK North Sea has reached 7000bbl/d under a constrained production test, according to partner Atlantic Petroleum. The well, 20/02a-B3, was constrained by surface equipment…
Rosneft is to take a 'significant equity stake' in drilling firm North Atlantic Drilling (NADL) as part of an agreement between NADL and its majority owner Seadrill, as the Russian firm looks to ramp up its offshore exploration efforts. The agreement…
MAN compressor installed offshore MAN Diesel & Turbo in Zurich was awarded a contract to deliver a HOFIM (high-speed, oil-free, integrated motor) compressor to Det norske oljeselskap ASA. It is MAN’s first hermetically-sealed compressor to be installed on an offshore production platform…
Cairn Energy has said it is committed to its planned 2014 operations, but that spending beyond then is being looked at closely as its awaits resolution of tax issues in India. The Edinburgh-based firm says spending beyond 2014 would depend…
A partner on the 44/23-1 Dunquin North exploration well being drilled by ExxonMobil offshore Ireland says the reservoir is water bearing. Providence Resources, which holds a 16% interest in frontier exploration license 3/04, containing Dunquin…
Exxon Mobil has taken an addition 6% stake in an exploration licence offshore the Faroe Islands. The deal, with Faroese explorer Atlantic Petroleum, will see Exxon's stake in Licence L016 increase to 26%. The move was followed by…
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