North Sea News

 

Maersk Drilling Sells Yme Field-tied Offshore Rig for $373M

May 27, 2021

Danish offshore drilling company Maersk Drilling has struck a deal to sell the drilling and production unit Mærsk Inspirer, on contract with Repsol at Yme offshore field in Norway, to Havila Sirius for $373 million.As part of the deal, Repsol will, on behalf of the Yme field partners, charter the rig from Havila Sirius and assume responsibility for the day-to-day operation of the rig on the Yme field…

Solstad Offshore's CSV to Stay Busy with DeepOcean till 2023 End.

Jun 02, 2021

Solstad Offshore has won a new contract for its construction support vessel Normand Ocean with subsea services provider DeepOcean.DeepOcean will use the 107,6 meters long vessel for its Inspection, Maintenance and Repair, and light construction projects in the North Sea…

UK: Serica Energy Hits Snag at Columbus Offshore Well. Needs to Re-Drill It

May 25, 2021

Serica Energy, a UK-based oil and gas company focusing on the North Sea, has hit a snag with its Columbus development well and will have to re-drill it, which will cost an extra £3 million (USD 4.23 million).The company spudded the well in mid-March…

Marathon Oil, APA 1Q Profits Beat Expectations

May 06, 2021

U.S. oil and gas producers Marathon Oil Corp and APA Corp [ a parent company of Apache Corp.] beat Wall Street estimates for first-quarter profits on Wednesday, as COVID-19 vaccine rollouts and easing travel restrictions powered a rebound in oil prices…

Neptune Takes Stake in Spirit Energy's Pegasus West Discovery. Tieback to Cygnus Platform Planned

May 04, 2021

Neptune Energy has acquired a 38.75% equity interest from Spirit Energy in the Pegasus West offshore discovery in the UK Southern North Sea, in a move that will see the discovery developed as a tie-back to the Cygnus offshore platform.Pegasus…

Equinor Files Plan to Electrify Troll West Field

May 03, 2021

Norway's Equinor, with partners Petoro, Shell, Total, and ConocoPhillips, has decided to electrify the Troll West field offshore Norway and has submitted the plan for development and operation to the Norwegian minister of petroleum and energy…

FourPhase DualFlow Tech Helps Restore Output from Danish North Sea Well

Apr 21, 2021

FourPhase, the solids and production performance specialist for the oil and gas sector, on Wednesday said it had successfully deployed its  DualFlow solids removal technology for an intervention project with an independent E&P company on the Danish Continental Shelf in the North Sea…

Cairn to Sell Interests in UK Offshore Oil Fields for More Than $460M

Mar 09, 2021

London-listed Cairn has agreed to sell its interests in the UK North Sea Catcher and Kraken fields to Waldorf Production Limited for a cash consideration of US$460 million plus additional contingent consideration dependent mainly on oil prices from 2021 to the end of 2025…

Norway: Vysus Group Nets Oseberg Field Work

Mar 02, 2021

Vysus Group, an engineering and technology consultancy, has been awarded a contract by Norway's Aibel for work on Equinor's Oseberg Field Center offshore Norway.The contract follows an award by Equinor to Aibel of a five-year portfolio deal…

Norway Launches Consultation on Offshore Licensing Round with 84 New Blocks

Feb 25, 2021

Norway launched a consultation on Thursday on a 2021 licensing round in mature areas in which it offered 84 new blocks for petroleum exploration, including 70 in the Arctic Barents Sea.The maps attached to a statement by the Petroleum and Energy…

EnQuest Farms Down 85% Stake in North Sea Discovery for $1

Feb 25, 2021

UK-based oil firm EnQuest has signed an agreement with Anasuria Hibiscus UK to farm-down an 85% working interest in the Eagle discovery located in the UK sector of the North Sea.Anasuria Hibiscus UK will become the operator of the discovery…

GC Rieber's 'Polar Onyx' Set to Return to North Sea Region after Years in W. Africa

Feb 24, 2021

Norwegian offshore vessel company GC Rieber Shipping has won a new contract for its Polar Onyx SURF/subsea construction vessel, just days after it was announced that DeepOcean had extended the charter for the same vessel.In a statement on Wednesday…

ExxonMobil Sells UK North Sea Fields to NEO for More Than $1B

Feb 24, 2021

North Sea-focused oil company NEO Energy has struck a deal to buy ExxonMobil's UK North Sea assets, a month after it was announced the companies had started exclusive talks over a potential transaction.Backed by Norwegian private equity investor HitecVision…

UK: Tailwind Sanctions Evelyn Development

Feb 22, 2021

UK-focused oil company Tailwind has reached a final investment decision (FID) on its Evelyn field project in the North sea, following approval by the UK oil and gas regulator OGA last week.The Evelyn field is part of the Triton Cluster. Tailwind…

Equinor Makes Oil and Gas Find in North Sea, Off Norway

Feb 05, 2021

Norwegian oil firm Equinor has made an oil and gas discovery near the Troll field in the North Sea, offshore Norway.Equinor said Friday that the recoverable resources are estimated at between 7 and 11 million standard cubic meters of oil equivalent…

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Ocean Power Technologies Announces Leadership Changes

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