Staatsolie and Apache Corp. have signed a production sharing contract (PSC) for exploration, development and production of offshore Block 58 offshore Suriname. The agreement, with a 30-year validity, is divided into exploration, development and production phases…
Lundin Norway commenced the drilling of its second Alta appraisal well in the Barents Sea South, and the drilling of an appraisal well on the Edvard Grieg field in the Norwegian North Sea. Drilling has also commenced on the partner-operated…
Fugro is providing wave measurements to support construction operations at an improved oil recovery (IOR) project on the Norwegian continental shelf, around 225km west of Stavanger. The subsea infrastructure on the Alvheim field…
Unique Group, formerly known as Unique Maritime Group, has set in place measures to double its size and global infrastructure by 2019 through capital investment, acquisitions and expansion into key markets. With a current turnover in excess of US$100 million…
Russian gas producer Gazprom and Shell signed an agreement to expand the Sakhalin-2 LNG project. Sakhalin-2 saw the development of two offshore oil and gas fields: Piltun-Astokhskoye and Lunskoye, off the north-eastern coast of Sakhalin…
The Bureau of Ocean Energy Management (BOEM) and the Association of American State Geologists (AASG signed an agreement to foster interaction, cooperation and coordination on marine minerals and oil and gas resources on the outer continental shelf (OCS)…
Statoil received consent from the Petroleum Safety Authority to use the Maersk Integrator jackup to drill and complete 14 new production wells at Gina Krog. Gina Krog is an oil and gas discovery situated around 250km west of Stavanger and 30km northwest of the Sleipner A facility…
Wintershall Norge, operator of production license 378, is in the process of completing the drilling of wildcat well 35/12-5 S. The well was drilled about 15km southwest of the Gjøa field in the North Sea and 80km southwest of Florø…
Wood Group has been awarded an offshore maintain potential program contract by Saudi Aramco for greenfield and brownfield engineering services, procurement and construction management support for new facilities in the Arabian Gulf. The six-year contract…
Mubadala Petroleum began oil production from the Nong Yao field in the G11/48 license in the southern Gulf of Thailand from three initial wells on 17 June. Map of G11/48 off Thailand. From Mubadala…
Production commenced from Houston-based Erin Energy’s Oyo-7 well offshore Nigeria, with the expectations to double the company’s current production rate out of the Oyo field. The Armada Perdana…
Oil and gas firms must learn lessons from other UK industries and fundamentally change the way they operate if they are to successfully compete for international investment and maximize recovery across the UK continental shelf (UKCS) over the next 25 years…
Oil & Gas UK’s chief executive, Deirdre Michie, warned today (17 June) that the UK offshore oil and gas industry must become sustainable ‘in a world of US$60 oil’. The rallying call was made before an audience of over 500 people in Aberdeen…
Statoil has handed out the largest contracts for the UK North Sea’s Mariner field that are worth more than US$1.57 billion (£1 billion) to the companies established in Aberdeen. Mariner. Image from Statoil…
API encouraged congress and regulators to prioritize Arctic offshore oil and natural gas development as the House Natural Resources Committee prepared to hold a hearing on Arctic energy today (16 June). “Arctic oil and natural gas…
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