While significant costs have been stripped out of the oil and gas industry, shale is fighting back. And, if the subsea industry is to survive, it will need more than just reduced costs, industry executives told the Underwater Technology Conference (UTC) in Bergen…
If one thing is certain, it’s that oil prices fall, rise, and then fall again and that the dynamics driving prices are complex and will change faster than we might expect. Image from UTC Twitter…
Faroe Petroleum and its partners have secured Odjfell Drilling’s Deepsea Bergen semisubmersible rig to drill the Goanna and Fogelberg wells in late 2017 and early 2018. The Goanna exploration well is expected to spud in Q4 2017 at License PL881…
Odfjell Drilling signed a contract with Wellesley Petroleum for one firm exploration well, plus an optional well testing and sidetrack, on the Norwegian Continental Shelf (NCS) using Odfjell Drilling's Deepsea Bergen semisubmersible. Drilling…
Odfjell Drilling signed a letter of award (LoA) today (31 May) with Statoil to secure the Deepsea Bergen for drilling activities in 2018-2019. The LoA includes one firm well plus four options for three additional wells, which totals out to 14 months in all…
Norway’s Petroleum Safety Authority (PSA) has approved Faroe Petroleum to drill two exploration wells at the Brasse prospect in the North Sea, starting next month. Brasse (well 31/7-1) is some 97km west of Øygarden in Hordaland county in production license 740…
Ahead of the Underwater Technology Conference (UTC) in Bergen this June, Elaine Maslin spoke with program chairman Nils Arne Sølvik and Statoil’s Chief Engineer Subsea Technology & Operations, Rune Mode Ramberg, about some of the topics likely to come up…
Odfjell Drilling has received a letter of intent from an undisclosed party for further employment for its third-generation semisubmersible, the Deepsea Bergen, for one firm exploration well plus optional sidetrack and well testing on the Norwegian Continental Shelf (NCS)…
Odfjell Drilling received a letter of intent for use of the Deepsea Bergen semisubmersible for one firm high-pressure, high-temperature well on the Norwegian Continental Shelf (NCS). Image of the Deepsea Bergen…
Statoil has made a new 20-50 MMboe gas discovery on the Norwegian North Sea Valemon field, at Valemon West. The well was drilled using the jackup rig West Elara, in 133.5m water depth, 160km north-west of Bergen. It is the seventh exploration…
Statoil is considering a subsea tieback to the Norne floating production unit after making a 20-80 MMboe oil and gas recoverable discovery on the nearby Cape Vulture well in the Norwegian Sea. The tieback project consideration comes as…
Statoil has received consent from Norway’s Petroleum Safety Authority (PSA) to drill exploration well 6507/3-12 on the Mim prospect in the Norwegian Sea. Statoil is the operator for production licence 159B in block 6507/3 in the Norwegian Sea west of Sandnessjøen…
The Petroleum Safety Authority (PSA) has granted Statoil consent to drill an exploration well in block 6608/10 with an option for a sidetrack. Statoil is the operator of development license 128. The exploration well will be drilled in a prospect named Cape Vulture…
A joint industry project to reduce the time and effort spent on documentation around subsea projects has given the industry food for thought. Elaine Maslin reports. Subsea documentation has really hit a nerve,” says Bjørn Søgård, segment director…
New business models involving alliances, integrated offerings and early engagement with suppliers were hailed as ways to do business better in today’s cost conscious environment, the Underwater Technology Conference (UTC) in Bergen was told last week…
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