Successful Side-Track Appraisal and Volume Estimate at BrasseJul 11, 2016
Faroe Petroleum has announced the completion of a successful side-track appraisal well on the Brasse discovery in licence PL740 in the Norwegian North Sea...
Award of New License in Irish Atlantic MarginJul 7, 2016
Faroe Petroleum has announced an award of a new license under Ireland’s 2015 Atlantic Margin Licensing Round.
Chevron Approves Next Major Tengiz Expansion Project in KazakhstanJul 6, 2016
Chevron Corporation has announced that its 50% owned affiliate, Tengizchevroil (TCO), will proceed with the development of its Future Growth and Wellhead Pressure Management Project...
Statoil Completes Transaction with LundinJul 2, 2016
Statoil ASA and Lundin Petroleum have completed their previously announced transaction, whereby Statoil has sold its entire 15% interest in the Edvard Grieg field for an increased shareholding in Lundin Petroleum.
Construction Start on Johan Sverdrup Riser PlatformJul 1, 2016
Statoil reports that the riser platform construction has begun at the Samsung Heavy Industries yard in South Korea. “As we are starting the riser platform construction we are taking another important step in delivering the Johan Sverdrup project on schedule...
PDO for Oseberg Vestflanken 2 SanctionedJun 15, 2016
Statoil reports that the Ministry of Petroleum and Energy has sanctioned the Plan for Development and Operation (PDO) of Oseberg Vestflanken 2.
Europa Oil & Gas Offered New Offshore Ireland Licensing OptionsJun 6, 2016
Europa Oil & Gas (Holdings) plc cements its position in the Atlantic basins of Ireland after offer of 4 new licences in latest licensing round...
Statoil Secures Additional Equity in UK LicenceJun 5, 2016
On 1 June 2016, Statoil agreed to acquire JX Nippon’s 45% equity share in, and operatorship of, the UK licence for the Utgard field.
Halliburton and Eclipse Resources Team to Complete Longest Lateral Well in the USJun 1, 2016
Halliburton has announced that it worked with Eclipse Resources Corporation to complete hydraulic fracturing of the extended reach lateral test well known as “Purple Hayes”.
Gas Pioneer Heimdal Turns 30May 31, 2016
Statoil celebrates the 30th anniversary for Heimdal field – an important gas supplier to Europe and, together with Statfjord and Gullfaks, contributed to the...
New Company Focused on Well Decommissioning LaunchedMay 30, 2016
A new company focused on the plugging and abandonment of wells in the North Sea’s decommissioning sector has been set up by three oil and gas industry veterans.
Statoil – Three Wells for the Price of OneMay 30, 2016
Old and partly lost slots that were given up as providers of new production triggered new solutions for Snorre B. The result was three wells with an average price of NOK 170 million, compared to NOK 490 as reference base.
Austin Strikes Oil in ColoradoMay 26, 2016
Austin Exploration Limited has announced that drilling has intersected a significant 790-foot column of oil in the Pierre formation at the company’s flagship Pathfinder project...
UK Oil and Gas industry at Forefront of Decommissioning GloballyMay 26, 2016
The UK oil and gas industry is set to become a pioneer in decommissioning activity globally and has the opportunity to become leaders in this field according to Wood Mackenzie.
Exploration Drilling Commences at BrasseMay 24, 2016
Faroe Petroleum has announced the commencement of the Faroe-operated Brasse exploration well 31/7-1 in the Norwegian North Sea...
Well Abandonment to Take Centre Stage at Industry EventMay 23, 2016
A growing number of UKCS assets have already reached, or are approaching, the end of their economic lives. This has resulted in rapid growth of decommissioning activity in the North Sea...
Announcement of the Norwegian 23rd Licensing Round AwardsMay 19, 2016
The Norwegian Ministry of Petroleum and Energy has awarded ten new licenses, consisting of 40 blocks in total. Three of the licenses are located in the newly opened area in the Barents Sea southeast, outside the county of Finnmark. Thirteen companies are offered participating interest.
Extension of Concession Contracts for the Marlim and Voador FieldsMay 18, 2016
Petrobras reports that it has signed an extension of the concession contracts for the Marlim and Voador fields with the Brazilian National Petroleum Agency (ANP)...
Statoil Farms into Turkey Onshore AcreageMay 16, 2016
Statoil has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey.
Consent for Exploration Drilling for Faroe PetroleumMay 13, 2016
The Norwegian Petroleum Safety Authority has granted Faroe Petroleum consent to drill an exploration well in block 37/1.
ExxonMobil Starts Production at Point ThomsonApr 25, 2016
ExxonMobil reports it has started production at its Point Thomson project, the first company-operated project on Alaska’s North Slope.
Positive Production Test of Gavea Appraisal Well in BrazilApr 19, 2016
Statoil, together with operator Repsol Sinopec and partner Petrobras, reports the completion of the Gavea A1 well in the ultra-deep pre-salt block BM-C-33 in the Campos basin in Brazil.
Statoil Contracts for Removal, Disposal and Recycling of the Huldra PlatformApr 14, 2016
Statoil reports that Hereema Marine Contractors Nederland SE will remove the platform and transport it to shore, while AF Offshore Decom AS has been awarded the contract for disposal...
Montrose BLP Topside Leaves Heerema ZwijndrechtApr 11, 2016
The Montrose Bridge Linked Platform (BLP) topside has sailed out from Heerema Zwijndrecht, one of the production locations of Heerema Fabrication Group (HFG).