Faroe Petroleum has completed an up to US$20 million deal to acquire Roc Oil (GB Holdings), which holds 12.5006% interest in the Blane field and a 12.00% interest in the Enoch field, both in the UK North Sea. Roc Oil GB is a subsidiary of Roc Oil Company…
Lundin is on track to start up tohe Edward Grieg field this month after Norway's Petroleum Safety have the firm the green light for start-up and operation. The Edvard Grieg field is 35km of the Grane and Balder fields in 110m water depth…
Petrofac, Faroe Petroleum and Eni Hewett have established a cost saving partnership to drive efficiencies and commercial synergies across their UK operations in the UK southern North Sea. The tripartite agreement sees collaboration between…
Some 40-50% of savings or efficiency gains need to be made if the industry is going to survive the low oil price regime we are in, an industry event was told in Aberdeen today. 'For us to survive this long-term, to get by on the oil price as it is…
Technip CEO Thierry Pilenko. Photo from Technip. “We are in an environment where something was broken.” It’s a harsh summary but one few would dispute. Nor would many now…
VNG Norge’s Blink well in the Norwegian Sea has failed to find hydrocarbons, according to partner Faroe Petroleum. Image from VNG Norge. The well, 6406/12-5S, was drilled 27km…
Statoil has made the final investment decision to build the world’s first floating wind farm: The Hywind pilot park offshore Peterhead in Aberdeenshire, Scotland. The decision triggers around NOK2 billion investment, realizing a 60-70%…
The contractual regulation of liability through knock-for-knock clauses has been an important feature of North Sea offshore contracts for many years. But a recent judgment by the Norwegian Court of Appeal demonstrates that the agreed liability…
Houston headquartered Apache has unveiled a string of discoveries it has made in the UK North Sea which could increase its total North Sea reserve base by 50% and result in investment in new production facilities. The company says it has made two 'significant' discoveries in the Beryls area…
Melanie Luthi, Sanna Zainoune, and Stephen Forrester, of NOV, discuss how streaming downhole data on a job in the Norwegian North Sea helped improve both the drilling process and decision making. The time-based log shows the annular pressure…
Heather Saucier speaks with Mark Randolph and Susan Gourvenec, professors at the University of Western Australia’s Centre for Offshore Foundation Systems, about deepwater geotechnical challenges, such as complex carbonates found off the coast of Australia…
Jim McFarlane introduced ROVs to the North Sea industry in the 1970s and went on to pioneer AUV development. Elaine Maslin learned more from the still active industry veteran. Jim McFarlane Photos from International Submarine Engineering…
It was the first floating production unit in the North Sea and it’s still going strong – with a deployment to its latest field, on its 12th contract, due to start next year. Elaine Maslin looks at Teekay Offshore’s Petrojarl I. The Petrojarl I FPSO…
A UK Government funded project to acquire new seismic data over underexplored areas of the North Sea in a bid to boost exploration in the basin has completed. The £20 million program saw WesternGeco acquire 20,000km of new 2D seismic shot over 200…
Chemicals company INEOS has increased acquired the 25% interest in the Clipper South gas field, further increasing its ownership in North Sea fields. INEOS had announced earlier this month its acquisition of a portfolio of natural gas assets…
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