Norwegian oil exploration firm North Energy has launched a strategic review after being approached over potential strategic opportunities as market conditions remain difficult. The firm says the continued low oil price presents challenges…
Swedish exploration and production firm Lundin Petroleum says it has made a sub-commercial discovery on the Storm prospect, offshore Norway. The Storm wildcat well 33/2-1 on production license 555 was drilled 200km northwest of Florø…
Subsea well intervention activities are expected to flourish over the next five years, predicts analysts Douglas Westwood. Despite the recent plunge in oil price, the firm says it expects the global subsea wellstock to increase over the period by 41%…
Offshore Ireland focused exploration firm Providence Resources has confirmed that it has received a judgement in its favor in a ruling over costs Transocean was claiming against it. The case related to cost claims made by Transocean…
The American Petroleum Institute (API) published a new recommended practice for structural integrity management to emphasize the importance of understanding topside structural integrity in order to maintain the offshore structures used in oil and natural gas drilling and production operations…
Schlumberger Oilfield UK has been awarded the contract to provide integrated drilling and well services on the Statoil-operated Mariner heavy oil development in the UK North Sea. Mariner is the largest field development on the UK Continental Shelf (UKCS) in more than a decade…
Norwegian exploration firm Statoil has made a 6-9MMboe discovery on the Krafla North prospect in production license (PL) 035 in the North Sea, according to partner Det Norske, increasing the Krafla area overall estimates to 75-143boe. The 30/11-10 well…
RWE Dea Norge is to plug and abandon its wildcat well 35/9-12 S on the Atlas prospect in production license (PL) 420 in the North Sea after it was classified dry. The well was drilled about 20km southwest of the Gjøa field in the North Sea and about 80km southwest of Florø…
Det norske oljeselskap ASA (Det norske) received consent from the Petroleum Safety Authority (PSA) of Norway for exploration drilling on the three appraisal wells in Ivar Aasen field in the North Sea. Illustration of Ivar Aasen…
Chevron has said it is canceling plans to drill for oil in the Beaufort Sea in Canada's Arctic because of economic uncertainty in the industry as oil prices fall. Beaufort Sea map. From Chevron. The…
Dubai-based rig builder Lamprell has completed the jackup drilling rig, the Shuwehat for Abu Dhabi’s National Drilling Company (NDC) on time, budget and schedule. The delivery to NDC follows a 12 November announcement of a new contract with the firm…
Chevron’s subsidiary Star Deep Water Petroleum awarded FMC Technologies a US$268 million contract to provide subsea equipment for operations for the Agbami field’s Phase 3, offshore Nigeria. The Agbami FPSO…
Freeport-McMoRan Oil & Gas and partner Pura Vida Energy are planning to drill an up to US$136 million well offshore Morocco targeting 'well over' 1.4-3 billion barrels total gross mean resources. The well, Mazagan-1 (MX-1), which contains the Ouanoukrim prospect…
The Origin Energy-operated BassGas joint venture is one step closer in the BassGas Mid Life Enhancement (MLE) project after completing the Yolla offshore platform heavy lift stage, off southeast Australia. BassGas offshore platform…
SKF USA and Vantage Drilling combined resources to improve the reliability of the Vantage Titanium Explorer and Platinum Explorer drill ship fleet. Titanium Explorer. From Vantage. These…
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