Western Europe ///

Siberian chill lifts gas enough to revive LNG trade in Europe

Europe’s liquefied natural gas dry spell may end thanks to a surprising cold snap.

Sparrows Group re-awarded two five-year contracts from TAQA

Sparrows Group has been re-awarded two five-year contracts with TAQA to deliver crane operations, maintenance, rigging loft and fixed lifting inspection services to its UK Continental Shelf (UKCS) assets.

Oil CEOs urge Norway to throw a lifeline to carbon capture

Three of the world’s biggest oil companies called on Norway to help maintain funding for carbon capture and storage technology that is stagnating amid concerns about whether it can ever be cost-effective.

Venezuela plight has U.S. rushing for heavy UK crude

Oil refineries in the U.S. Gulf of Mexico are buying the most crude from the UK North Sea in more than seven years as they scramble to replace lost supplies from Venezuela.

Hurricane Energy announces successful trial fit testing of buoy, FPSO turret at Lancaster field

Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, is pleased to provide an operational update on activities related to the Early Production System at Lancaster field (Lancaster EPS).

Statoil awards Kværner the contract for the Johan Castberg topsides

The contract includes the construction and installation of the topside structure for the floating production, storage and offloading vessel (FPSO) to be located on the Johan Castberg field in the Barents Sea. The contract has a total value of about NOK 3.8 billion.

New Products and Services

Alex Endress, World Oil

National Oilwell Varco (NOV) has introduced the iSeries NXT platform to its portfolio of Tolteq MWD/LWD directional systems and tools.

Faroe Petroleum divests 17.5% stake in Fenja development

Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that it has executed a transaction with Suncor Energy Norge AS (Suncor) for the sale of a 17.5% working interest in the Fenja development, located in PL586 in the Norwegian Sea.

North Sea pipeline resumes after second halt in two months

The North Sea’s Forties Pipeline System -- one of the world’s most important crude oil conduits -- resumed overnight after a short halt, coming on the heels of a more significant stoppage in December.

Statoil granted drilling permit for wildcat on Norway's PL 167

The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for well 16/1-29 S, cf. Section 15 of the Resource Management Regulations.

Statoil increases value of Johan Sverdrup

Statoil and partners further increase the value of the Johan Sverdrup field as a result of continued high quality in project execution, good drilling efficiency and further maturation of the resource base.

Faroe Petroleum commences drilling of Fogelberg appraisal well

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, is pleased to announce the commencement of the Fogelberg appraisal well and contingent sidetrack 6506/9-4S &4A in the Norwegian North Sea (Faroe 28.3%).

Statoil contracts West Hercules semisubmersible for exploration drilling in the Barents Sea

The West Hercules semisubmersible rig has been contracted for drilling two exploration wells in the Barents Sea in 2018, and options to drill another five exploration wells.

Shell's best profit in three years marred by cash-flow drop

The oil-price rally worked both ways for Royal Dutch Shell as improved exploration and production lifted profit to a three-year high while refining and trading fell short of expectations as margins shrank.

BP exploration discoveries mark positive start for North Sea in 2018

Oil & Gas UK says two new exploration discoveries in the North Sea by a super-major mark a more positive start to the year for the UK’s offshore industry.

Western Europe's biggest oil producer is getting another fix

A rally in the price of black gold is giving Norway another fix.

Trelleborg contributes to floatover of topside for world’s largest FPSO spar platform

Floatover equipment from Trelleborg’s engineered products operation has contributed to the successful mating of Statoil’s landmark Aasta Hansteen gas field project’s 24,000-ton topside and the world’s largest Spar FPSO platform, off the coast of Norway at Stord.

BHGE AM '18: BP Upstream CEO touts 'collaborating for competitiveness'

Bernard Looney, CEO of Upstream for BP, shared his views on the topic of collaboration to overcome industry challenges and build deeper partnerships on day two of the BHGE 2019 Annual Meeting.

Jersey Oil & Gas announces approval of Verbier appraisal

Jersey Oil & Gas, an independent upstream oil and gas company ‎focused on the UK Continental Shelf (UKCS) region of the North Sea, is pleased to announce that the co-venturers in respect of UKCS Licence P.2170 (Blocks 20/5b & 21/1d) (P.2170), which contains the Verbier oil discovery and the Cortina prospect, have approved a work program and budget for 2018.

Top Norway fund manager bets on rigs for 200% return

After more than three years of taking a hammering, drillers are set to rise.