Despite a bounce back in exploration activity in 2018, success rates and discovered volumes have dropped, according to a report by UK-based analysts Weestwood Global Energy Group. Westwood’s 10th annual State of Exploration report reviews global…
Norwegian exploration and production company DNO says it plans to drill 48 wells this year, the highest number in the company's 48-year history. The drilling program, comprising 25 development/infill wells and 11 exploration/appraisal wells…
Project partners in the UK are working to develop a new approach for monitoring the long-term integrity of suspended or decommissioned oil and gas wells in the North Sea. Their proposed technique aims to act as a 'smoke alarm for the sea' to provide early warning in the event of a leak…
Norway's Aker BP, an oil firm partly owned by BP, posted on Friday a bigger than expected fall in operating earnings in first quarter, after impairments in the Ula area of the North Sea and higher exploration costs.Chief Executive Karl Johnny…
Mediterranean focused oil and gas producer Energean announced Monday that it has commenced its 2019 drilling program offshore Israel, which will consist of three development wells and Karish North.Following this four well campaign, Energean…
The National Decommissioning Centre (NDC) is opened by Lord Duncan, UK Government Minister for Scotland and Paul Wheelhouse MSP, Scottish Energy Minister, in Newburgh, in North-East Scotland’s Energetica Corridor.The Centre aims to work in partnership…
Norway's oil output in 2019 will be smaller than previously forecast and its lowest level in three decades, although it should rebound in the following years, the country's oil industry regulator said on Thursday.Investment in Western Europe's…
A 78-percent refund on exploration aside, drilling is now so “cheap” in Norway, that the drill bit has become the preferred method for newcomer oil companies to get astride some production — quickly.That’s the verdict of Aker BP’s new head of exploration…
North Sea Giant, one of the world’s largest and most advanced subsea construction vessels (OSV), has installed an innovative cost-saving solution.This system, based on a unique Electronic Bus Link (EBL) from Yaskawa Environmental Energy / The Switch…
In the pine forests of eastern Texas, oilfield workers equipped with virtual-reality goggles are helping BP's shale business turn a profit for the first time.Thousands of automated wells feed data on their performance into the firm's supercomputers each evening…
Global high-impact* exploration in 2017 is expected to match 2016 in both activity and success rates, and with a marked improvement in commercial oil volumes discovered and lower finding costs. High impact drilling commercial success…
Perforate, wash and cement technologies are offering operators an alternative to milling. Elaine Maslin reports. When OE headlined an article about plugging and abandonment (P&A) “Pain in the annulus” back in 2016, it was with just cause…
EnQuest’s Kraken heavy oil development in the UK North Sea is taking longer to ramp up than expected with topsides equipment commissioning taking longer than expected. However, full cycle gross project capex on the field is now estimated to be about US$2…
In Westwood Global Energy Group’s (WGEG) eighth annual State of Exploration Report, the private equity firm expects a brighter outlook with exploration efficiencies starting to deliver results. The…
The UK's Oil & Gas Technology Centre (OGTC) has launched its first 'Call for Ideas,' inviting innovative technology concepts and ideas to transform the way that offshore oil and gas wells are plugged and abandoned. The OGTC is planning to invest about US$1…
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