BG Group began production at the Knarr field in the North Sea, seven years after its discovery. In this video, BG Group takes you to the process to get to this month, where its first floating vessel development is expected to deliver vital resources to the European energy market…
BP Exploration and Production awarded ASCO a US$149 million contract to provide a range of integrated oilfield services to support its UK North Sea operations. The comprehensive, five-year contract covers a variety of activities including: supply-base operations…
Independent Oil and Gas (IOG) announced that further to the award of Block 48/22c in the UK 28th offshore licensing round, the license area has been increased by 42sq km to the South and now contains the Hambleton discovery, in the North Sea…
OneSubsea delivered the world’s first subsea multiphase compressor to Statoil for the Gullfaks South field in the North Sea. The subsea multiphase compressor enables boosting of unprocessed wet gas production fluids, while eliminating…
The UK offshore industry’s new regulator is to be given powers to fine oil and gas producers up to £1 million, and potentially £5 million, and to revoke licenses, under certain circumstances, it has been announced. Under a string of new…
UK-based North Sea explorer Independent Oil and Gas (IOG) has added the Hambleton discovery to its assets after its license covering block 48/22c was extended by 42sq km. IOG was awarded the block, which also contains the Elgood discovery…
Siem Offshore Inc. is making a move to streamline its business by dividing into separate organizations. The Siem Symphony. From Siem Offshore. Siem Offshore OSV will be dedicated for…
EnQuest’s Alma/Galia development floating production vessel the EnQuest Producer has left its berth in Newcastle, northern England, where it was undergoing finishing and commissioning works, and has completed marine trials. The 249m-long unit…
The world’s first subsea wet gas compression system is ready to be installed on the seabed and tied back to the Gullfaks C platform, Norwegian oil firm Statoil has announced. The Gullfalks subsea wet gas compression system is being progressed…
UK Chancellor George Osborne has announced a package of measures to support the North Sea oil and gas industry, which he said was in “pressing danger” from low oil prices. Presenting the UK’s 2015 Budget, Osborne (pictured) said: “It’s…
Dana Petroleum awarded Balmoral Offshore Engineering a contract to design and manufacture key components for a pioneering mooring system to be used on its Western Isles project in the challenging northern sector of the North Sea. Image…
First production has started from the BG Group-operated Knarr field in the Norwegian sector of the North Sea. Knarr, discovered in 2008, with estimated gross recoverable reserves around 80 MMboe, is being produced from two subsea templates…
Swedish independent explorer Lundin Petroleum's Gemini well on production license 338 C has been declared a dry hole. Wildcat well 16/1-24 on Gemini was drilled about 10km southwest of the Edvard Grieg field in the central part of the North Sea…
UK offshore industry trade association Oil & Gas UK has called for 'urgent action' to reduce and simplify North Sea oil and gas taxation, including a double digit reduction in the Supplementary Corporation Tax on UK producers. The trade body…
The House of Lords EU Committee has today called for a Ministerial Conference of North Sea countries to ensure a holistic approach is developed to managing the environmental challenges and economic opportunities in the North Sea. The…
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