US-based Endeavour International is seeking bankruptcy protection after agreeing a restructuring agreement with some creditors. The company’s debt totals about US$1.2 billion, according to Chapter 11 papers filed in US Bankruptcy Court in Wilmington…
As a critical factor in optimising brownfield production, well intervention is a major fiscal and operational consideration for the North Sea. While there’s no doubt, as a mature province, the emphasis is shifting increasingly toward decommissioning and plugging and abandonment…
Uncertainty, high costs and low exploration rates are continuing to hamper the North Sea, according to a report published today (10 October). Business advisory firm Deloitte’s Petroleum Services Group’s report says that exploration rates remain low…
Faroe Petroleum has completed the acquisition of a 53.1% operated interest in the Schooner field and a 60% operated interest in the Ketch field in the UK southern North Sea gas basin from Tullow Oil. Both fields are in Blocks 44/26a and 43…
Petrofac’s Offshore Projects & Operations business unit has been awarded a major reimbursable contract on the UK Continental Shelf. In the central North Sea, Petrofac has been selected to provide engineering and construction support…
In 2014, decommissioning spending on the UK Continental Shelf (UKCS) will reach approximately US$1.6 billion (£1 billion) for the first time in a single year, according to data published 9 October. The data, gathered from 28 UKCS operators…
MPX North Sea's exploration well 9/14a-15a on the Aragon prospect in the North Sea is to be plugged and abandoned after the reservoir was found to be water bearing. Drilling and open hole logging operations were completed on the well…
UK exploration independent Enegi says the Phoenix discovery in the central North Sea is a viable candidate for its marginal field initiative. Phoenix, in Block 22/12b, was operated by Apache. In 2010, Apache, drilled the 22/12a-12 appraisal well…
Lundin Petroleum has started drilling exploration well 33/2-1 on the Storm prospect in production license 555 in the northern North Sea. The well is 200km west northwest of Florø on the Norwegian west coast and about 65km northwest of the Snorre field…
Watch as the 16,000-tonne steel jacket is installed on Total’s Martin Linge development located approximately 180km west of Bergen in the Norwegian sector of the North Sea. The eight-legged jacket left the Verdal yard for the…
Baker Hughes Inc. issued the September 2014 international rotary drilling rig count today, showing a total of 1323 rigs operating internationally in September 2014, outside of the US & Canada. The worldwide rig count for September 2014 was 3659…
FMC Technologies' Norwegian subsidiary FMC Kongsberg Subsea has agreed a frame agreement deal with Germany's Wintershall to supply subsea equipment on the Norwegian Continental Shelf, starting with a US$280 million project on the Maria development…
Houston-based exploration and production independent Endeavour International appointed a consultancy firm and recruited a chief restructuring officer. The firm, which has assets in the US and North Sea, has been struggling with debt and…
Real-time metocean data transmitted by a Fugro SEAWATCH Wavescan buoy is supporting Technip's construction program on BP's Quad 204 project West of Shetland. The work is Technip’s largest UK North Sea contract to date and involves replacing…
The role 4D seismic plays in extracting more oil out of mature fields was outlined at ONS 2014 in Stavanger, Norway. Meg Chesshyre reports. Fig. 1: 4D seismic gives a clearer reservoir image. All Images from PGS…
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