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North Sea tax measure to unlock upstream UKCS investment, says Oil & Gas UK

Chancellor Philip Hammond today announced a tax measure that will unlock further investment in the UK North Sea by enabling more assets to change hands and allow new owners to provide fresh investment in many mature oil and gas fields.

Siccar Point Energy farms out Lyon prospect

Siccar Point Energy E&P Limited (SPE) is pleased to announce that it has entered into a farmout agreement with Ineos UK SNS Limited (Ineos) covering two exploration licences (P.1854 and P.1935) in the West of Shetlands area, containing the significant Lyon prospect.

Industry's growing optimism reflected in 30th offshore licensing round

The Oil and Gas Authority has received 96 applications for 239 blocks in the 30th offshore oil and gas exploration license round.

Lundin announces non-commercial gas discovery on Hufsa prospect

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has completed the drilling of exploration well 7219/12-2 on the Hufsa prospect in PL533 in the southern Barents Sea. A non-commercial gas discovery was made in the main well while the sidetrack was dry.

Europa Oil & Gas provides update on Holmwood well, Weald basin

Europa Oil & Gas (Holdings) plc, the AIM traded Ireland and UK focused oil and gas exploration, development and production company, has provided a planning update regarding the Holmwood oil exploration prospect on licence PEDL 143 at Bury Hill Wood, Coldharbour Lane, Surrey.

BP to sell Bruce assets to Serica Energy

BP has agreed to sell a package of its interests in the Bruce assets in the North Sea to Serica Energy plc. BP currently operates the assets, which comprise Bruce, Keith and Rhum fields, three bridge-linked platforms and associated subsea infrastructure.

Expro secures $5-million well testing contract in UK North Sea

Leading international oilfield services company, Expro, has been awarded a five-year contract extension for surface well testing services across several assets for an operator in the UK North Sea.

John Lawrie Group acquired by its management

Metal reprocessing, tubular supply and decommissioning company John Lawrie Group has been acquired by its management in partnership with Rubicon Partners and Grovepoint as it gears up for an expansion of its business in the UK and U.S.

Craig International secures contract with Chrysaor for UKCS

Oil and gas procurement specialist, Craig International, has bolstered its North Sea operations with the announcement of a contract with Chyrsaor. The contract is for an initial year with two one-year options included.

Well-centric awarded North Sea well integrity contract with Chrysaor

Well-Centric, a leading independent specialist operating in the well integrity and production technology sectors of the oil and gas industry, has secured a contract worth up to £300,000 per year with independent exploration and production company, Chrysaor.

Wintershall deploys Emerson's wireless downhole monitoring system

Emerson’s latest Roxar Downhole Sensor System has been deployed on the Maria field offshore Norway, providing the field’s operator Wintershall with improved well integrity monitoring and offshore safety.

New rotating buoyancy module designed to create safe buckling zones

Trelleborg’s offshore operation recently developed a new Rotating Buoyancy Module system for buckling mitigation for subsea pipelines.

Norway's oil bosses insist end isn't nigh after $35-billion shock

Can Norway dump $35 billion in oil and gas investments, and simultaneously convince that same industry to throw money into the country’s own fossil-fuel future? After the initial shock of learning that Norway’s $1 trillion wealth fund wants nothing to do with it, the petroleum industry says both are in fact possible.

Drilling permit for Norwegian wildcat well granted to OMV Norge

The Norwegian Petroleum Directorate (NPD) has granted OMV (Norge) AS a drilling permit for well 6506/11-10, cf. Section 8 of the Resource Management Regulations.

Norway idea to exit oil stocks is `shot heard around the world'

Norway’s proposal to sell off $35 billion in oil and gas stocks brings sudden and unparalleled heft to a once-grassroots movement to enlist investors in the fight against climate change.

Consent granted for start-up of production from Maria field

The Norwegian Petroleum Directorate has granted consent for start-up of production from the Maria field in the Norwegian Sea.

MOL Norge selects AGR for well and drilling engineering

Global energy services and software company AGR has been awarded a Frame Agreement with the Hungarian Operator MOL.

Well-Safe Solutions secures its first contract with TAQA Bratani

Well-Safe Solutions has signed its first contract after launching in July this year.

Statoil plans to step up exploration after driving down costs

Statoil ASA plans to step up drilling in Norway for a second consecutive year, in the first indication it has given of its exploration plans for 2018.

Statoil granted drilling permit for appraisal well west of Oseberg field

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 30/8-5, cf. Section 8 of the Resource Management Regulations.