Offshore Europe News - page 656

 

Statoil in minor gas find near Oseberg

Feb 25, 2016

Statoil encountered a 20m gas column at its wildcat well 30/9-28 S, in the Statoil-operated production license 104, in the central North Sea, according to the Norwegian Petroleum Directorate (NPD). Map of wildcat well 30/9-28 S…

Nearfield Oseberg discovery for Statoil

Feb 25, 2016

Statoil has made a small discovery about 5.5km west of the Oseberg South field in the central part of the Norwegian North Sea. The primary exploration target was to prove petroleum in Lower and Middle Jurassic reservoir rocks (the Tarbert formation and upper part of the Statfjord group)…

Zennor to gain more North Sea licenses

Feb 24, 2016

Zennor Petroleum entered into a conditional sale and purchase agreement with the joint administrators of First Oil Expro, a company within the First Oil Group, to acquire subsidiary companies First Oil & Gas and Antrim Resources. These…

Barents Sea Kvalross well disappoints

Feb 24, 2016

Wintershall's Kvalross exploration well in the Norwegian sector of the Barents Sea (Faroe 40%) is being abandoned after it was found to be non-commercial.  The well, 7224/2-1, was spudded on 11 January, and reached a total vertical depth of 2917m in the Lower Triassic Havert formation…

Gibdock mobilizes Scylla jackup

Feb 23, 2016

Seajacks' latest newbuild self-propelled wind farm installation jackup unit Seajacks Scylla is to be mobilized at Gibdock in Gibralter. The unit was delievered to Seajacks by Samsung Heavy Industries at the end of 2015, and discharged…

North Sea industry on edge of chasm

Feb 23, 2016

Were the North Sea’s oil and gas industry not already depressed enough, the latest results from an annual survey of the sector, revealed in Aberdeen this morning, will surely ensure it’s descent into sclerosis. Attendees at the launch…

EU suspends Halliburton, Baker Hughes review

Feb 22, 2016

The European Union (EU) suspended the deadline for its review of Halliburton’s US$34.6 billion pending acquisition of Baker Hughes last week, about a month after the EU opened an in-depth investigation to find out if the merger would impede effective competition…

PGS to conduct Nordland Ridge survey

Feb 22, 2016

PGS will conduct an 8200sq km survey of the Nordland Ridge area of the Norwegian Sea commencing early May, to be completed in 2016. A Base Cretaceous horizon from the Norwegian Sea showing the location of the new GeoStreamer survey…

Monika Hausenblas takes over IOGP chair

Feb 22, 2016

The International Association of Oil & Gas Producers (IOGP) has a new chair, Monika Hausenblas, Royal Dutch Shell’s executive vice president safety and environment. Hausenblas was elected at the February meeting of the IOGP’s management committee – IOGP’s equivalent of a board of directors…

Lukoil sizing up Baltic Sea opportunities

Feb 22, 2016

A Kaliningrad-focused subsidiary of Russia's Lukoil has been granted a right to explore for oil and gas in the Russian sector of the Baltic Sea.  The area includes the D33 oil field, discovered in 2015 using a Russian-made jackup drilling rig…

IKM, Nexans ink ROV agreement

Feb 22, 2016

Nexans Norway and IKM Subsea have come to an agreement to extend the current ROV services contracts on board the C/S Nexans Skagerrak.  The contract value including options is NOK 75 million and duration term is firm for three years plus two yearly options…

First Oil failure changes Kraken stakes

Feb 22, 2016

The failure of UK-based independent explorer First Oil has resulted in partners EnQuest and Cairn Energy increasing their stakes in the Kraken heavy oil field development.  First Oil had held 15% interest in the Kraken field in the UK North Sea…

New chairman for Hurricane

Feb 22, 2016

West of Shetland basement fractured reservoir explorer Hurricane Energy has a new non-executive chairman after John Hogan announced his plans to step down from the board on completion of a three-year stint in the role in March of this year…

North Energy completes Explora takeover

Feb 19, 2016

North Energy completed the acquisition of Explora Petroleum for a cash payment of US$2.5 million this week. Image from North Energy. The transaction was implemented through the…

Romgaz to drop Black Sea block

Feb 19, 2016

Romanian gas producer Romgaz and its partners are to drop their EX29 Est Rapsodia Block in the Black Sea, offshore Romania, following exploration results. Romgaz, with partners Lukoil Overseas Atash and PanAtlantic Petroleum, had signed two concession agreements…

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