Having a power hub, to supply future Barents Sea developments, could help operators mitigate CO2 emissions – and the regulations that they could come up against. Marius Kluge Foss, of Rystad Energy, explains. The Barents Sea is the last Norwegian oil province with anticipated future growth…
A steady recovery is in motion in the subsea business with the potential for major subsea awards in the remaining months of this year and throughout 2018, according to TechnipFMC's boss Doug Pferdehirt. The firm won US$2.5 billion in…
2017 is set to be a record year for exploration in the Barents Sea, with one prospect in particular getting most of the attention. Edison Investment Research’s Elaine Reynolds explores the scene. Tapping Korpfjell: the Songa Enabler…
Lundin has started drilling on the Hufsa exploration well in PL533 in the southern Norwegian Barents Sea. The well (7219/12-2) is south of the Filicudi oil discovery and the large Statoil-operated Johan Castberg oil discovery. The…
Statoil's 2017 three-well UK North Sea drilling campaign has resulted in a discovery in the Verbier well, but leaves behind two disappointments, the firm reports today. On Verbier, after initial disappointing results in the target formation…
Despite disappointment at Korpfjell, there’s optimism in the far North. The Christophe de Margerie LNG carrier in icy conditions. Photo from Total. High hopes were pinned on the multi-billion-barrel potential Korpfjell prospect…
Statoil and Eni have awarded Bristow the contract for one SAR (search and rescue) helicopter, and one transport helicopter, which can be converted to a SAR helicopter when needed. Both are Sikorsky S-92 helicopters. Each contract has…
One of the most anticipated exploration wells in Europe this year was the multi-billion barrel potential Arctic Korpfjell prospect in the Barents Sea. While the probe, completed late September, didn't prove commercial volumes, the region…
With a need to find more cost-effective solutions, for more complex systems, converging with the big data era, could it be time for the all-electric subsea system? Elaine Maslin reports. Daniel Abicht…
The Snøhvit gas field produces back to the Hammerfest LNG plant at Melkøya. Photo from Statoil/ Harald Pettersen. With a new phase in Barents Sea developments on the way, plus strong drilling activity…
Statoil and partners ENI and Petoro have made a 25-50 MMboe oil discovery in the Kayak exploration well in the Barents Sea, close to the Johan Castberg project. Eni said preliminary estimates of the size of the discovery are between 100 and 180 MMbo in place (25–50 MMbo recoverable)…
Lundin Petroleum is on the heels of beginning an active exploration drilling program in the southern Barents Sea with Ocean Rig’s Leiv Eiriksson semisubmersible. The program, which will begin with a multi-billion bbl prospect, includes spudding…
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…
Lundin believes the future is in the north. Elaine Maslin reports on the firm’s plans for the Alta Gohta development. An artist’s impression: Alta Gohta. Image from Lundin. Norway’s far north…
Decades of life yet are left in the UK North Sea, but it's still all about reducing costs and finding more efficiencies, including through use of data. Industry leaders gave these views at Oil & Gas UK’s Oil and Gas Industry Conference…
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