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Faroe Petroleum submits PDO for Fenja field

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that the partners in Fenja (previously named Pil/Bue) field (licence PL586) have submitted the Plan for its Development and Operation (PDO) to the Norwegian Ministry of Petroleum and Energy.

Production at Wintershall's Maria field begins one year ahead of schedule

Wintershall, and its licence partners Petoro and Spirit Energy, have started production at the Maria field one year ahead of schedule. Costs have been reduced by more than 20% compared to plan. Oil production has now begun, whereas originally start-up was intended for the fourth quarter of 2018.

Oil ticks higher as North Sea supply hiccup enters second week

Crude edged higher for a third session as the shutdown of one of the world’s most important oil pipelines stretched into a second week.

Kvaerner awarded contract for Valhall Flank West

Aker BP has awarded Kvaerner a contract for delivery of the topside and steel jacket substructure for Valhall Flank West. This is the first project in the Wellhead Platform Alliance, which was established in the spring of 2017 between Aker BP, Kvaerner, ABB and Aker Solutions.

Aker Solutions wins orders from Aker BP for offshore Norway fields

Aker Solutions won orders from Aker BP for the Skogul and Valhall Flank West oil fields, offshore Norway.

Aker BP submits PDOs for three North Sea projects

Today, Aker BP submitted Plans for Development and Operation (PDOs) for three projects. The total investments will amount to approximately NOK 15.5 billion.

Subsea UK review shows £7.5-billion subsea industry supports 45,000 jobs

Subsea UK’s latest business activity review reveals that the industry is generating annual revenues of £7.5 billion, compared to £8.9 billion in 2014.

Aker Solutions secures subsea services agreement with Statoil

Aker Solutions has secured a framework agreement to provide subsea services for Statoil-operated oil and gas fields offshore Norway.

North Sea oil pipeline halt to give OPEC mission shot in the arm

OPEC says the global oil glut is diminishing fast. The halt to a network of vital North Sea crude pipelines means the oversupply may be about to shrink quicker still.

Faroe Petroleum reports recommencement of production at Tambar field

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, reports that production from Tambar field in Norway (Faroe 45%) has recommenced, following the tragic accident on the Maersk Interceptor drilling rig on Thursday, Dec. 7, 2017.

Aker Solutions wins modifications contract from Maersk Drilling

Aker Solutions won an order from Maersk Drilling to modify the production module on the Mærsk Inspirer jackup rig for the Repsol-operated Yme oilfield offshore Norway.

Data-driven remote condition monitoring optimizes offshore maintenance, reduces costs

Morten Ileby, Aker BP; Edmund Henry Knutsen, Siemens

A case study shows how advanced condition-monitoring technologies—plus analytical expertise—can optimize maintenance of mission-critical equipment in offshore environments, while lowering costs and improving safety.

North Sea oil producers brace for effects of Forties Pipeline shutdown

North Sea oil producers braced for the impact of the closure of the Forties Pipeline System, a key conduit for crude that was shut after the discovery of a hairline crack.

Hurricane Energy provides operational update on early production system for 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 operations update on activities related to the early production system for Lancaster field (Lancaster EPS), at Drydocks World, Dubai, ahead of an analyst visit this week.

PSA: Eni to resume production at Goliat

Following an overall assessment, the Petroleum Safety Authority Norway (PSA) has determined that the order which required a shutdown of Goliat has now been complied with. This means that operator Eni Norge (Eni) can bring the field back on stream.

The Petroleum Safety Authority begins investigation of fatal accident at Tambar field

The Petroleum Safety Authority Norway (PSA) has initiated an investigation of an incident where one person died and another suffered serious injuries on Maersk Interceptor at Tambar field on Dec. 7, 2017.

Aker Solutions to provide subsea production system for Aker BP's Ærfugl

Aker Solutions was awarded a contract from Aker BP to deliver the subsea production system for the first phase of the Ærfugl development offshore Norway.

Faroe Petroleum provides update regarding incident at Tambar field

Aker BP has confirmed that one person has died following the serious accident on the Maersk Interceptor drilling rig on Tambar field on Thursday.

Faroe Petroleum reports incident at Tambar field

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, notes the press release provided below by Aker BP, the operator, regarding an incident at Tambar field in Norway (Faroe 45%).

Sparrows Group awarded five-year contract from Premier Oil

Sparrows Group has secured a new five-year contract with Premier Oil for the provision of crane operations and maintenance across two of its North Sea assets.