Solstad Offshore has won a new contract for its construction support vessel Normand Ocean with subsea services provider DeepOcean.DeepOcean will use the 107,6 meters long vessel for its Inspection, Maintenance and Repair, and light construction projects in the North Sea…
Danish offshore drilling company Maersk Drilling has struck a deal to sell the drilling and production unit Mærsk Inspirer, on contract with Repsol at Yme offshore field in Norway, to Havila Sirius for $373 million.As part of the deal, Repsol will…
Serica Energy, a UK-based oil and gas company focusing on the North Sea, has hit a snag with its Columbus development well and will have to re-drill it, which will cost an extra £3 million (USD 4.23 million).The company spudded the well in mid-March…
U.S. oil and gas producers Marathon Oil Corp and APA Corp [ a parent company of Apache Corp.] beat Wall Street estimates for first-quarter profits on Wednesday, as COVID-19 vaccine rollouts and easing travel restrictions powered a rebound in oil prices…
Neptune Energy has acquired a 38.75% equity interest from Spirit Energy in the Pegasus West offshore discovery in the UK Southern North Sea, in a move that will see the discovery developed as a tie-back to the Cygnus offshore platform.Pegasus…
Norway's Equinor, with partners Petoro, Shell, Total, and ConocoPhillips, has decided to electrify the Troll West field offshore Norway and has submitted the plan for development and operation to the Norwegian minister of petroleum and energy…
FourPhase, the solids and production performance specialist for the oil and gas sector, on Wednesday said it had successfully deployed its DualFlow solids removal technology for an intervention project with an independent E&P company on the Danish Continental Shelf in the North Sea…
London-listed Cairn has agreed to sell its interests in the UK North Sea Catcher and Kraken fields to Waldorf Production Limited for a cash consideration of US$460 million plus additional contingent consideration dependent mainly on oil prices from 2021 to the end of 2025…
Vysus Group, an engineering and technology consultancy, has been awarded a contract by Norway's Aibel for work on Equinor's Oseberg Field Center offshore Norway.The contract follows an award by Equinor to Aibel of a five-year portfolio deal…
Norway launched a consultation on Thursday on a 2021 licensing round in mature areas in which it offered 84 new blocks for petroleum exploration, including 70 in the Arctic Barents Sea.The maps attached to a statement by the Petroleum and Energy…
UK-based oil firm EnQuest has signed an agreement with Anasuria Hibiscus UK to farm-down an 85% working interest in the Eagle discovery located in the UK sector of the North Sea.Anasuria Hibiscus UK will become the operator of the discovery…
Norwegian offshore vessel company GC Rieber Shipping has won a new contract for its Polar Onyx SURF/subsea construction vessel, just days after it was announced that DeepOcean had extended the charter for the same vessel.In a statement on Wednesday…
North Sea-focused oil company NEO Energy has struck a deal to buy ExxonMobil's UK North Sea assets, a month after it was announced the companies had started exclusive talks over a potential transaction.Backed by Norwegian private equity investor HitecVision…
UK-focused oil company Tailwind has reached a final investment decision (FID) on its Evelyn field project in the North sea, following approval by the UK oil and gas regulator OGA last week.The Evelyn field is part of the Triton Cluster. Tailwind…
Norwegian oil firm Equinor has made an oil and gas discovery near the Troll field in the North Sea, offshore Norway.Equinor said Friday that the recoverable resources are estimated at between 7 and 11 million standard cubic meters of oil equivalent…
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