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Statoil awarding Askeladd development contracts

Statoil is awarding a contract for pipelaying to Subsea 7 and for marine operations to Ocean Installer in the Askeladd field development.

MCEDD '18: Operator panel session features leaders from Total, BP, Eni

To facilitate future growth in global deepwater operations, it is critically important to embed lessons that have been achieved, in a turbulent past few years, and move forward with a stronger, leaner supply chain.

Faroe's hunt for oil deals could see it double in size

Faroe Petroleum Plc is hunting for offshore oil and gas assets in Norway and the UK, with an appetite that could equal the current size of the company itself -- about $550 million.

Hurricane Energy reports delivery of key subsea components for Lancaster EPS

Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, has provided an operational update in relation to the Early Production System on Lancaster field (Lancaster EPS).

Statoil becomes operator of Martin Linge field, Garantiana discovery

Statoil and Total have completed their previously announced transaction, whereby Statoil has acquired Total’s equity stakes in and taken over the operatorships of Martin Linge field and the Garantiana discovery on the Norwegian continental shelf.

DOF Subsea, Enpro Subsea partner on independent and integrated flow intervention services

Enpro Subsea and DOF Subsea HAVE announced a Memorandum of Understanding (MoU) which will leverage each company’s expertise and portfolio of assets to deliver enhanced production solutions throughout the life of field.

Spirit Energy receives consent to use Maersk Interceptor at Oda field

The Petroleum Safety Authority of Norway has given Spirit Energy consent to use the Maersk Interceptor mobile drilling facility to drill production wells at Oda field.

Noble Energy closes sale of 7.5% working interest in Tamar field

Noble Energy, Inc. has announced the closing of the previously announced divestment of a 7.5% working interest in the Tamar field, offshore Israel, to Tamar Petroleum Ltd.

May seeks alternatives for Russian gas after spy scandal

The spy poisoning scandal in the UK is spilling into energy.

Statoil granted drilling permit for well 34/8-19 S in production license 120

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 34/8-19 S, cf. Section 15 of the Resource Management Regulations.

Statoil invests NOK 5 billion for further development of Snøhvit field

Statoil and its partners have decided to invest just over NOK 5 billion in the further development of the Snøhvit field in the Barents Sea, which will provide feedstock for the LNG plant at Melkøya in Hammerfest. The development of Askeladd is part two of the multi-phased Snøhvit development.

UK industry output jumps amid oil rebound, record factory run

UK industrial production posted its biggest monthly increase in more than a year in January, figures Friday showed.

Aging oil fields defy gravity to pump more crude

Bob Dudley, in his 38 years in the oil industry, has never seen anything like what happened with BP Plc’s old fields last year: They gushed more crude.

Total closes Maersk Oil acquisition, becomes second-largest operator in North Sea

Total announces the closing of the Maersk Oil acquisition signed on Aug. 21, 2017. It brings to Total around 1 Bboe of 2P/2C reserves and resources, mainly in the OECD countries, and a production of about 160,000 boed in 2018, ramping up to more than 200,000 boed by the early 2020s.

Statoil invests in offshore digital technology

An integrated operations support center and a drilling operations center will help reach Statoil’s ambition of increasing value creation from operated fields in Norway by more than $2 billion from 2020 to 2025 before tax.

Aramco said to lead raft of Saudi-UK deals in prince's visit

Saudi Arabia’s national oil company signed a batch of deals with UK companies including Royal Dutch Shell Plc as Crown Prince Mohammed bin Salman visits the nation in an effort to demonstrate the kingdom is open for business.

Drilling permit granted to Lundin Petroleum for well 16/1-28 S in production license 338 C

Well 16/1-28 S will be drilled from the COSLInnovator drilling facility at position 58°48’51.49’’ north, 02°16’14.20’’ east in the central part of the North Sea. COSLInnovator is now drilling the appraisal well 16/4-11 for Lundin in production licence 359.

Norway's $1-trillion wealth fund reveals thinking on oil risk

The man running the world’s biggest wealth fund said snapping up oil stocks now could pay off down the line. It’s just not a good idea for Norway.

Hunting introduces advanced semi-premium connection

Hunting Energy Services, a subsidiary of Hunting PLC, the international energy services company, today announced the introduction of its TEC-LOCK semi-premium connection technology.

Norway illustrates potential of mature basins with record-breaking license awards, says GlobalData

Analysis of Norway’s upstream oil and gas industry shows that the country currently has 887 licensed blocks, of which 529 blocks are in the shallow water terrain and 358 are in deepwater terrain, according to GlobalData, a leading data and analytics company.