Statoil has awarded Deep Sea Supply two contracts for two of the company's platform supply vessels (PSV). The first deal is a two-year contract for the Sea Frost PSV, for operations in the North Sea. The deal comes with options. The…
The UK's Oil and Gas Authority (OGA) has announced a suite of measures designed to make data openly available and stimulate interest in the UK Continental Shelf (UKCS) ahead of the 30th Offshore Licensing Round. The 30th Offshore Licensing…
Aker BP has drilled a dry hole close to the Volund field in the Norwegian North Sea, according to the Norwegian Petroleum Directorate (NPD). Well 24/9-11 S was drilled using the Transocean Arctic semisubmersible drilling rig in 122m water depth…
VNG Norge estimates its development plan for the Fenja field to cost US$1.3 billion (NOK$11.5 billion), the company said in a 15 June impact assessment of the project. Source: VNG Norge Formerly known as the Pil and Bue discoveries…
Paris-based geophysical firm CGG will file for Chapters 11 and 15 bankruptcy in the US, and open a Sauvegarde proceeding in France, after executing legally binding agreements in support of the terms of the agreement-in-principle with key financial creditors announced on 2 June…
Wood Group's proposed US$2.7 billion takeover of Amec Foster Wheeler has been overwhelmingly approved by shareholders at both companies, paving the way for the merger to be complete by this year. Image from Amec Foster Wheeler…
Norway’s Petroleum Safety Authority (PSA) has given Statoil the go-ahead to drill the Gemini Nord exploration well in the Barents Sea. Statoil will use the Songa Enabler semisubmersible to drill Well 7325/4-1 well in the Hoop area approximately 275km from Nordkapp and 200km from Bjørnøya…
Seventy-seven discoveries on Norway’s Continental Shelf containing 700 MMcum were being considered for development at the start of 2016, the Norwegian Petroleum Directorate (NPD) reports. Most of these discoveries are in the North Sea…
Production efficiency (PE) on the UK Continental Shelf (UKCS) has risen for a fourth consecutive year to 73%, according to a new publication released by the UK regulator, the Oil and Gas Authority (OGA). The increase in the measure, which…
The UK's Oil and Gas Authority has cleared Maersk Oil North Sea to assign its interest in license P218 to new independent RockRose Energy. The license contains the Scott (Maersk 5.16%) and Telford (Maersk 2.36%) fields. Scott and Telford are operated by Nexen through the Scott platform…
Maersk Supply Service (MSS) has reached agreements with two shipyards to delay nine of its newbuild vessels due to the current market situation. Maersk Master. Image from MSS. A…
The International Energy Agency (IEA) anticipates the global oil market will remain oversupplied into 2018 due to rising US oil production and failure of some OPEC members to comply with production targets. According to IEA’s June market report…
Premier Oil’s Sea Lion project is on the path to being sanctioned next year following substantial progress, with first oil targeted in 2021, according to partner Rockhopper Exploration. Sea Lion schematic Phase 1…
What is thought to be the world’s first commercial controlled-from-onshore ROV operations started at IKM Subsea headquarters in Norway this week. Soon, up to three work class ROVs and one observation ROV on Statoil’s Snorre B and Visund…
TechnipFMC has been awarded an extension to its ongoing engineering, procurement and construction (EPC) contract from Statoil in the Norwegian North Sea. The ongoing EPC project covers the provision of subsea equipment including template structure…
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