Technip CEO and chairman Thierry Pilenko says the headwinds facing the industry, both before and following the oil price collapse imply a 'prolonged, harsh slowdown' in many parts of the oil and gas industry. Pilenko, outlining the firm's 2014 results…
'Through-cycle' UK-based oilfield engineering and services firm Wood Group has weathered the oil price down-turn with an increase in revenues and profits in 2014. But, the firm said it would continue to take action to increase efficiencies…
Electromagnetic Geoservices ASA (EMGS) will receive uplift revenues of US$2.5 million related to the licensing round for mature areas on the Norwegian continental shelf - Awards in Predefined Areas (APA). EMGS's multi-client data library in Norway now covers 44…
Lundin Petroleum began drilling the 16/1-24 exploration well at the Gemini prospect, just southwest of the Edvard Grieg field. The Island Innovator, from Island Drilling. The well is located in Block 16/1…
BP Norge received consent from the Petroleum Safety Authority Norway (PSA) for a gas lift at the Valhall IP. Increased water production is expected as a result of the water injection at Valhall, and gas lift is being performed to maintain stable production from the wells at IP…
Maersk Drilling’s third XL Enhanced ultra harsh environment jackup was officially named Saturday morning at the Keppel FELS shipyard in Singapore. Margareth Øvrum, Executive Vice President in Statoil, named the rig - the third in a series…
BG Group has completed drilling two wells in the Norwegian sector of the North Sea classified as dry by the Norwegian Petroleum Directorate (NPD). The 34/3-4 S and 34/3-4 A wells were drilled on production license 373 S, about 5km east of the Knarr field in the northern part of the North Sea…
Statoil and field partners reached a final investment decision for the 2.35 billion bbl Johan Sverdrup oil field in the Norwegian North Sea. The field, discovered in 2010, is a major success story for Norway, and is the crowning achievement…
Westcon Yards won a contract to conduct a special periodic survey (SPS) and inspection on the Transocean Leader semisubmersible. The Transocean Leader. From Transocean. The company said the original plan was for the rig to arrive in March…
Statoil Petroleum has made a minor oil discovery at the Romeo prospect in production license 146 in the southern part of the Norwegian North Sea. The Romeo well 2/4-22 S was drilled about 20km north of the Ekofisk field and 2.3km northeast of the 2/4-21 discovery…
Lundin Norway is completing the drilling of wildcat well 26/10-1 and will permanently plug and abandon the well after a minor gas find. Map of Well 26/10-1. From the Norwegian Petroleum Directorate…
Subsea industry leaders were told not to 'waste a good crisis' today (February 11), with simplified engineering, a calibration of costs and better collaboration key focus areas. A sense of urgency is needed to re-baseline costs, which should have been addressed already years ago…
The Prysmian Group and Siemens consortia completed and delivered the BorWin2 and HelWin1 projects to TenneT in the North Sea. Prysmian Group Cableship Giulio Verne operating by the HelWin converters platforms…
Rosneft CEO Igor Sechin addressed the International Petroleum (IP) Week forum in London, stating that the oil markets are in a fairly acute crisis. Image from Rosneft. “In the second half of 2014 there was a drop in oil prices…
Inspection, maintenance and repair (IMR) specialists N-Sea has launched its third diving support daughter craft. The Edradour represents a £1.5 million investment for the company and will be immediately used in its IMR operations across the North Sea…
Subscribe
