Fagioli and RINA Services Ensure Smooth Installation of Colossal Hebron Platform TopsidesJan 5, 2017
The Hebron oil field is located offshore Newfoundland and Labrador, Canada in the Jeanne d’Arc Basin. The field has undergone significant development...
Statoil Completes Acquisition of Byrding InterestJan 3, 2017
On 30 December 2016 Statoil and Wintershall Norge completed their previously announced transaction, whereby Statoil has acquired Wintershall’s 25% interest in...
Statoil to Drill Exploration Well in the Norwegian SeaJan 2, 2017
The Petroleum Safety Authority (PSA) Norway has given Statoil consent to drill exploration well 6507/3-12 in the Norwegian Sea.
Engineering the Future of the Tyra Field Starts January 2017Dec 30, 2016
Maersk Oil has issued a notification to the Danish gas market, announcing that an economically viable solution for full recovery of the remaining resources in the Tyra field has not yet been identified...
Production Starts at the Ivar Aasen FieldDec 29, 2016
With the production start of the Ivar Aasen field, Wintershall is once again strengthening its position as one of the major producers on the Norwegian Continental Shelf.
SOCAR and BP-Operated AIOC Sign Principles of Agreement on Future DevelopmentDec 27, 2016
SOCAR (the State Oil Company of the Republic of Azerbaijan) and AIOC (the Azerbaijan International Operating Company) have signed a letter of intent (LoI) for the future development of...
DEA Strengthens its Position in the Njord AreaDec 24, 2016
DEA has strengthened its position in Norway by acquiring participating interest in seven licences in the Njord area in the Norwegian Sea, including 20% increased interest in the Njord field, from Engie E&P Norge AS.
30 Years of Gullfaks OilDec 23, 2016
Gullfaks was Statoil’s first field where the company was both developer and operator. Since production started on 22 December 1986, 2.6 billion barrels of oil have passed the loading buoys.
Acquisition of Stake in Dussafu FieldDec 23, 2016
BW Offshore has in partnership with the BW Group entered into agreement to acquire 66.67% of the Dussafu production sharing contract offshore Gabon.
Agreement for the Development of DvalinDec 22, 2016
Edison has confirmed its interest in the Dvalin (Zidane) concession in the Norwegian Sea, and will contribute to the investment needed for its future development...
ExxonMobil Awards Key Contracts for Liza Oil Development and Production in GuyanaDec 21, 2016
ExxonMobil subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), has announced that it has awarded contracts to SBM Offshore for a floating production, storage and offloading (FPSO) vessel...
Rumaila Oilfield Achieves 3 Billion Barrel Production LandmarkDec 21, 2016
The Rumaila Operating Organisation (ROO), composed of BP, PetroChina and the South Oil Company of Iraq, has announced that...
One Billion Barrels from Troll BDec 21, 2016
Troll B has produced one billion barrels of oil equivalent since it came on stream on 19 September 1995. Troll B and C combined have been the largest oil producer on the Norwegian continental shelf for the last three years.
BP Awarded 10% Interest in Abu Dhabi’s ADCO Onshore ConcessionDec 19, 2016
BP has signed an agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi National Oil Company (ADNOC) that grants BP a 10% interest...
Shell Starts Oil Production from Malikai Deep-Water Platform in MalaysiaDec 14, 2016
Shell has started oil production from the Malikai Tension-Leg Platform (TLP), located 100-kilometres off the coast of the Malaysian state of Sabah.
Delivering Greater Value from the Culzean ProjectDec 14, 2016
Maersk Oil CEO has announced that the capital costs of its marquee Culzean HPHT gas project have been reduced by USD 500 million as a result of higher drilling efficiency and robust upfront design and project planning.
Production Drilling Started on MarinerDec 4, 2016
Statoil reports that production drilling has started on the Statoil operated Mariner field in the UK North Sea. Up to five wells will be drilled before the Mariner A platform hook up...
Oda Field Development Plan SubmissionDec 1, 2016
Faroe Petroleum has announced that the partners in the Oda (previously named Butch) field (licence PL 405) have submitted the plan for its Development and Operation (PDO) to the Norwegian Ministry of Petroleum and Energy.
BP Buys 10% Interest in Egypt’s Super-Giant Zohr Gas FieldNov 28, 2016
BP has announced that it has agreed to buy from Eni a 10% interest in the Shorouk concession offshore Egypt, which contains the super-giant Zohr gas field, for USD 375 million.
Fire on Scarabeo 5 ExtinguishedNov 23, 2016
Statoil reports that on Tuesday 22 November at 17:30 the drilling rig Scarabeo 5
reported a fire in one engine room. Around 20:30 the fire was reported put out.
Completion of Sale of BM-S-8 Exploration BlockNov 23, 2016
Petrobras has announced that the company has completed the sale of its stake in the exploration block BM-S-8 to Statoil Brasil Óleo e Gás LTDA, as announced on July 29, 2016.
Total and SOCAR Sign Agreement to Develop Absheron DiscoveryNov 22, 2016
Total and SOCAR, the national oil company of Azerbaijan, have signed an agreement establishing the contractual and commercial terms for a first phase of production of the Absheron gas and condensate field...
Midia Gas Development FEED Contract AwardedNov 18, 2016
Black Sea Oil & Gas SRL has announced that it has awarded, together with its co-venture partners, the contract for the Front End Engineering and Design (FEED) of its...
Start-Up of Production from Viper and KobraNov 11, 2016
Aker BP has announced the start-up of production from Viper-Kobra, which is tied back to the Alvheim FPSO. The project is developed on time and within budget.