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Teekay Offshore Partners has been awarded new three-year shuttle tanker contracts of affreightment, plus extension options, with BP plc, Royal Dutch Shell and OMV Group, to transport the oil produced from the new Glen Lyon FPSO, which is part of the Quad204 development located west of Shetland in the North Sea.
Maersk Oil may well survive as an independent oil company after being split off from its larger parent. While assets that include a stake in the giant Johan Sverdrup project off Norway will draw suitors, listing the company would make sense, analysts said.
Petrofac Training Services has been awarded a significant contract for training and emergency response services with Statoil (UK) Limited to support its UKCS operations.
The deadline for applications to the annual licensing round in the best known exploration areas on the Norwegian Continental Shelf (APA 2016) expired on Tuesday, Sept. 6, 2016. Thirty-three companies have shown their interest in receiving oil and gas exploration licenses in these areas.
Claxton, an Acteon company, has introduced the latest modular versions of its conductor recovery tower and SABRE abrasive cutting system to increase efficiency and flexibility in decommissioning and late-life projects.
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7219/12-1, cf. Section 8 of the Resource Management Regulations.
Oil producers in the North Sea were supposed to be among the first victims of OPEC’s battle for market share. Instead their high-cost, decades-old facilities are proving surprisingly resilient to the price slump.
Tullow Oil announced Friday that the drilling and testing of the Cara prospect, in license 636 in the Norwegian North Sea, has been completed.
Statoil has decided to exercise the option for engineering, procurement, construction and installation (EPCI) of a gas module that will increase gas processing capacity on the Troll B platform.
Maersk Supply Service has been awarded a contract to provide decommissioning services for Janice field in the North Sea for Maersk Oil UK. Maersk Supply Service will assume responsibility for engineering, project planning and managing the scope of the subsea decommissioning.
Europe’s largest natural gas field may only produce less than half of what it did four years earlier as the Netherlands seeks to reduce the risk of earthquakes linked to output.
Eni has signed a Concession Contract with the government of Montenegro related to the exploration of four blocks in the country’s offshore.
Proposals to develop a world-class barite resource at Duntanlich, Scotland, have been approved, subject to conditions, by the local authority.
Wintershall Norge, operator of production license 248 F, is in the process of completing the drilling of four wells in the North Sea.
EnQuest has ended talks to sell a 20% stake in Kraken field in the North Sea to Delek Group.
RockRose Energy has announced that it has agreed non-binding headline terms and a period of exclusivity from Maersk Oil North Sea UK to acquire its non-operated interests in the Wytch Farm (7.43%), Scott (5.16%) and Telford (2.36%) fields.
An Aberdeen-based well engineering and project management company has secured a significant new contract with a UK operator. The contract will see the company provide a full management service for an onshore exploration well in the Weald basin.
Aker Solutions, Det norske oljeselskap and Subsea 7 have agreed on a "one for all, all for one" collaboration model that marks a major shift in how an operator and its suppliers can work together on oil and gas developments offshore Norway.
Statoil has awarded Kraemer Maritime a contract to supply provisions for the company’s installations on the Norwegian Continental Shelf.
Hurricane Energy announces that the company has completed the testing and logging phase of the 205/21a-7 well and operations are now progressing as planned to permanently abandon the pilot well reservoir section, prior to side-tracking the top-hole to form the 7Z horizontal sidetrack.