Figure 1: The Cygnus field is the sixth largest gas field in the southern North Sea and the largest to be discovered in the last 25 years within the southern North Sea gas basin.Image from GDF Suez. A…
Statoil will pay COSL Offshore Management (COM) a one-time settlement of US$65 million under an agreement reached today that ends disputes related to the stand-by fees of two semisubmersible platforms. The stand-by fees stemmed from the installation of third-party equipment…
The Offshore Technology Conference (OTC) honored Carl Arne Carlsen, senior vice president and member of the Governing Board at DNV GL, with the Distinguished Achievement Award for Individuals at the 2014 conference in Houston this May…
BG Group has agreed to sell its equity interest in the Central Area Transmission System (CATS) gas pipeline in the UK North Sea and associated infrastructure to Antin Infrastructure Partners for £562 million (US$954 million). Under the agreement…
As the PESGB reaches 50, 2014 President Oonagh Werngren takes stock of the North Sea oil & gas industry. At the start of 2014, I was fortunate enough to take up the reins as president of the Petroleum Exploration Society of Great Britain (PESGB)…
UK-based exploration firm Faroe Petroleum raised has £65 million in a stock market placing, which had hoped to raised £45 million. The firm, focused on Norway, the Atlantic Margin, and the North Sea, the cash will be used to pursue…
CAN Group announced today that it has secured two major contract renewals, totalling approximately £200million. Along with an increase in business, the two contracts will lead to the safe-guarding of 150 jobs. The Aberdeen headquartered…
The UK offshore industry's new regulator is to be named the Oil and Gas Authority and will be based in Aberdeen, the UK's Chief Secretary to the Treasury announced in the Scottish city today. Rt Hon Danny Alexander MP also opened the…
Premier Oil's central North Sea Catcher field development plan has been approved by the UK Department of Energy and Climate Change. The Catcher area is expected to produce 96MM boe, with a peak production rate of around 50,000 bo/d. The…
AGR and Ross Offshore have both this week announced frame agreements with Norwegian clients. AGR won a five-year frame agreement, with several extension options, with BP Norge for consultancy services. AGR's Norwegian team, based in Stavanger…
Total's Martin Linge development in the Norwegian sector of the North Sea took two steps forward this week, with the sailout of a 16,000-tonne jacket (pictured right) and the arrival of the Maersk Intrepid in Norway. The Maersk…
Industry body Oil & Gas UK has appointed two oil company operator representatives to its board. Effective immediately, Glen Cayley (pictured), upstream director, Shell UK Limited, has been appointed vice chairman, representing the operator community…
First production from Lundin’s Brynhild subsea tieback development has been set back to due commissioning issues on the Haewene Brim FPSO. Brynhild, which sits in the Norwegian sector of the North Sea, will be a four-well subsea tieback to Bluewater’s Haewene Brim…
UK-based exploration firm Hurricane Energy has completed the drilling phase of the ongoing operation to drill and test a horizontal appraisal well on its Lancaster discovery, West of Shetland. The well has been drilled to plan and a 1km…
Ithaca Energy opted to extend its contract with BW Offshore's BW Athena FPSO, the Olso, Norway-based vessel owner announced on 6 June 2014. The original contract, signed in 2010, covered a service period from 2012-2015. Ithaca Energy…
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