Cost cutting could help push more final investments decisions through this year, giving industry sight of some much-needed work. Steve Hamlen reports. Wood Mackenzie’s Malcolm Dickson. Northeast…
Plug and abandonment (P&A) and well repair specialist HydraWell has appointed Mark Sørheim as its new CEO. Mark Sørheim joins HydraWell from Schlumberger in Aberdeen where he held the position as integrated drilling and completion project director…
Faroe Petroleum has agreed to acquire a further 13.9935% interest in the producing Blane field in the UK North Sea from JX Nippon Exploration and Production for US$5.25 million. The field is a subsea tie-back to the Ula platform (Faroe 20%)…
Statoil and its partners have started production from the US$126 million (NOK 1 billion) Byrding field in the Norwegian North Sea. The project cost is down from the original estimate of $440 million (NOK 3.5 billion). Byrding is an 11 MMboe recoverable field north of the Troll field…
The UK's Oil and Gas Authority (OGA) has launched the 30th Offshore Licensing Round, with 813 blocks or part blocks on offer in mature areas of the UK Continental Shelf (UKCS), covering a total 114,426sq km. Image from iStock…
Offshore engineering firm Aquaterra Energy has secured a multi-million pound investment from EV Private Equity as the company gears up for service expansion and new technology launches. The deal is the first to be agreed following EV’s…
Oilfield giant schlumberger has revealed a slew of new contacts including a deal to supply equipment to the Leviathan field, offshore Israel, and to perform ocean bottom survey work on BP's Clair Ridge field, west of Shetland, UK. The…
Danish oil firm Maersk Oil has set out its concept for a full redevelopment of the Tyra field on the Danish Continental Shelf.
As part of a three year contract with Lloyd’s Register (LR), the Oil & Gas Authority (OGA) has released their first set of Regional Geological maps and data sets, which cover the UK Central North Sea and Moray Firth. Henk Kombrink, Senior…
All three of Maersk Oil's Culzean high-pressure, high-temperature (HPHT) development jackets have been installed in the UK North Sea. Maersk says they were installed on time and on budget, about 145mi east of Aberdeen and is estimated to produce between 60…
A Eurostars-funded joint industry project (JIP) led by Akselos and LICengineering has announced the signing of Royal Dutch Shell as the first operator to participate in the two-year digital twin initiative. The JIP is focused on advancing…
Industry guidelines designed to boost production efficiency in the UK Continental Shelf have been published by Oil & Gas UK. Between 2004-2012, the UK Continental Shelf (UKCS) faced the significant challenge of a sustained decline in levels of production efficiency (PE)…
The Oil and Gas Authority (OGA) has released a tranche of UK Continental Shelf data in an effort to help revitalize exploration in the basin. The latest data release follows the publication of a suite of subsurface data packages in June…
Independent Oil and Gas has submitted a field development plan (FDP) to the UK Oil and Gas Authority (OGA) for the Blythe Hub. The project comprises the Blythe and Elgood fields, which are 100% owned and operated by IOG, and are in the…
The first of five turbines for Statoil's Hywind Scotland pilot floating offshore wind park has left Stord, Norway, for its final destination, the Buchan Deep, 25km east of Peterhead in Scotland. Once operational, the Hywind Scotland pilot…