Western Europe ///

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.

Maersk's Danish exit comes with a $1.2-billion ball and chain

A.P. Moller-Maersk is about to exit the Danish offshore oil industry that it created half a century ago.

Aker BP strikes oil near Alvheim in the North Sea

Aker BP is about to complete drilling of the Frosk exploration well 24/9-12 located near Alvheim in the North Sea. The well has proved oil.

Fracers in UK pick cold as time to make point on gas supply

Britain’s natural gas fracing industry is using a cold snap that’s gripped large swathes of Europe this week and laid bare weaknesses in the UK’s energy supply to make its pitch.

Statoil contracts West Phoenix to drill in UK, Norway

Statoil and its partners have contracted the West Phoenix rig for exploration drilling on the UK and Norwegian continental shelves from the summer of 2018.

Dutch outbid British for gas as freeze exposes supply limits

Traders in Europe’s two biggest natural gas markets were scrambling for fuel on Wednesday, sending prices soaring as freezing weather exposed supply issues.

Bibby Offshore successfully completes multi-million-pound contract for BP North Sea

Bibby Offshore, a leading subsea services provider to the oil and gas industry, has successfully completed a contract worth more than £2million for BP in the North Sea.

Subsea 7 awarded EPCI contract for Wintershall's Nova field

Subsea 7 S.A. has announced the award of a sizeable contract by Wintershall for the Nova (formerly known as Skarfjell) oil and gas field development.

Aker Solutions wins subsea order for Nova project

Aker Solutions won an order from Wintershall Norge AS to provide the subsea production system, umbilicals and services for the Nova oil and gas field offshore Norway, highlighting the value of early engagement in projects.

UK set to become net crude oil exporter

For all the talk of aging oil fields and shrinking production, the UK is about to achieve a surprising feat: it’s on the brink of becoming a net crude oil exporter for the first time in 14 years.

Statoil reports spud of first well at Oseberg Vestflanken 2

In the early hours of Sunday, Feb. 25 drilling started at Oseberg Vestflanken 2. On the Capital Markets Day on Feb. 7 the project could boast break-even reduction from $34 to $16/bbl.

Westwood highlights exploration hits, misses of 2017

A new report from Westwood Global Energy Group, the energy market research consultancy, has highlighted 10 potentially commercial discoveries in 2017 considered likely to be more than 100 MMboe.

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).