The UK's Department of Energy and Climate Change (DECC) has set out a strategy to maximize the economic recovery of offshore oil and gas in the UK. The legally-binding strategy aims to get more value from the North Sea through better…
Fugro has been awarded a five-year contract for the provision of underwater services to Total E&P UK (TEP UK). Under the contract, which runs from July 2015 and includes extension options for a further two years, Fugro is providing a…
Forecast total oil and gas infrastructure decommissioning spending on the UK Continental Shelf (UKCS) will reach £16.9 billion over the next decade, according to new industry estimates. The latest figure, for the period to 2024, is an increase of £2…
Norway's Norwegian Petroleum Directorate (NPD) has given Lundin the green light to start production from the Edvard Grieg field. The field is in production license 338 in the Norwegian sector of the North Sea. According to the NPD, the…
Ithaca Energy's delayed Greater Stella Area development remains on track for first production in Q2 next year. In a trading update this morning, Ithaca says sailaway of the FPF-1 floating production facility from the Remontowa Shipyard in Gdansk…
Norway's Det Norske has bought UK-based independent explorer Premier Oil's Norwegian assets for US$120 million, just a month after agreeing to buy Svenksa Petroleum for $75 million. The Premier Oil assets include the Vette development…
Maersk Oil awarded Aberdeen-based production and integrity evaluation specialist READ Cased Hole a multi-million dollar contract, five-year contract to be the primary service provider for cased hole logging services, including production evaluation and well integrity domains…
Independent Oil and Gas’s (IOG) Skipper discovery in the UK North Sea received an increase of recoverable resources by 6% to 34.1 MMbbl. Map of Skipper. From IOG. Skipper, currently in the advanced stages of planning…
Xcite Energy has agreed a deal with Azinor Catalyst that will see Azinor carry out at technical evaluation of the blocks in its license P1979 in the North Sea in return for a 40% stake in the license. Block P1979 contains blocks 9/4a…
A team from diesel power specialist Royston has completed the engine overhaul on the Bluewater-owned Haewene Brim floating production, storage and offloading (FPSO) vessel. The facility has operated in the Pierce field in the UK sector of the North Sea since 1999…
Subsea 7 has signed a long-term partnership frame agreement with Premier Oil to provide concept engineering, front-end engineering and design, subsea umbilicals, risers and flowlines project execution and life of field operations, on a preferred supplier basis…
US-based independent Apache has rejected a recent takeover bid, said to be worth US$18 billion, according to Bloomberg. But the company is now working with Goldman Sachs on a defense strategy. On 9 November, analyst firm Simmons & Co…
The numbers are staggering. At US$50/bbl, at least 20% of production in the North Sea is loss making, an industry event was told last week. And that is likely to be a conservative estimate. Faced with what has been called “a perfect storm” by many – high operating costs…
Aberdeen-based sand control technology firm has secured a contract with Statoil following a successful trial of its downhole well completions technology. Darcy has signed a framework agreement with Statoil to supply its unique hydraulic…
The Norwegian Petroleum Directorate has granted start-up consents for the Edvard Grieg oil pipeline and the Utsira High gas pipeline. These transport solutions will become part of the development of the Edvard Grieg and Ivar Aasen fields on the Utsira High in the North Sea…
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