Europe ///

Well-Safe Solutions secures its first contract with TAQA Bratani

Well-Safe Solutions has signed its first contract after launching in July this year.

Statoil plans to step up exploration after driving down costs

Statoil ASA plans to step up drilling in Norway for a second consecutive year, in the first indication it has given of its exploration plans for 2018.

Statoil granted drilling permit for appraisal well west of Oseberg field

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 30/8-5, cf. Section 8 of the Resource Management Regulations.

Industry bodies strengthen partnership with new agreement

The leading trade body for the UK’s offshore oil and gas industry, Oil & Gas UK, have signed a Memorandum of Understanding with the Society of Petroleum Engineers’ Aberdeen branch.

Birth of another LNG giant shows majors' edge over traders

Total SA’s billion-dollar deal to buy liquefied natural gas assets from Engie SA shows how much size matters in the industry.

DNV GL secures master services agreement with Chrysaor Holdings

DNV GL has secured a combined engineering services agreement with Chrysaor Holdings Ltd. to deliver a unique range of services to the company in support of its North Sea Operations.

Statoil signs letter of intent for construction of the Johan Castberg hull

Statoil is signing a letter of intent with Sembcorp Marine Rigs & Floaters Pte. Ltd in Singapore for the construction of the hull and integrated living quarters for the floating production, storage and offloading (FPSO) vessel that will be located on the Johan Castberg field in the Barents Sea.

PDVSA said to open Swiss office after Venezuela hit by sanctions

Venezuela’s state-run oil company is opening an office in Switzerland, the latest step in the cash-strapped firm’s struggle to survive amid tighter U.S. sanctions and declining production.

Total acquires Engie’s upstream business, becomes second-largest global LNG player

Total has signed an agreement with Engie to acquire its portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.49 billion.

Statoil unveils Norway’s first platform to be remote-operated from land

The opening of the Valemon control room was celebrated today at Sandsli in Bergen. Valemon will be the first platform in Statoil’s portfolio to be remote-controlled from land.

Simmons Edeco opens first operations base in Denmark

Simmons Edeco, supplier of wellhead and valve maintenance, asset integrity solutions and onshore drilling services to the global oil and gas industry, announced that it has opened its first base of operations in Denmark.

Expro secures well test contract with INEOS Breagh in the Southern North Sea

Leading international oilfield services company, Expro, has been awarded a two year contract to provide well testing services for INEOS, a global manufacturer of petrochemicals, speciality chemicals and oil products.

Italy said to mull sale of Eni stake to state-owned CDP

Italy is considering the sale of part of its stake in energy giant Eni SpA and its holding in air-traffic controller Enav SpA in a bid to raise about 2 billion euros ($2.3 billion) by the end of this year to reduce debt, according to people familiar with the matter.

Lundin Norway granted drilling permit for wildcat in PL 533

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for wellbore 7219/12-3 S, cf. Section 8 of the Resource Management Regulations.

Statoil to increase production, gas exports from Fram field

The partners in the Fram licence have decided to invest in a new project to increase production from Fram field in the North Sea. The decision is taken in agreement with the partners in the Troll licence.

Chrysaor awards three-year contract for Central North Sea assets to Sparrows Group

Chrysaor has awarded Sparrows Group a three-year crane management services contract for the three operating assets it took ownership of from Shell in November.

Statoil receives consent to use Askeladden mobile facility at Gullfaks Sør field

Statoil has received consent to use the Askeladden mobile drilling facility for well activities on the Gullfaks Sør field (Gullfaks satellites).

IEA welcomes Greece's progress with energy sector reform

Greece has made noticeable progress with its energy-sector reforms in recent years. The country moved forward on plans to restructure state-owned companies and liberalize electricity and gas markets, an impressive program that will lead to more competitive and financially viable energy markets offering choices and low prices to consumers, according to the International Energy Agency's latest in-depth review of Greece's energy policies.

Lundin Petroleum granted drilling permit for North Sea appraisal well

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for wellbore 7219/12-2 A S, cf. Section 8 of the Resource Management Regulations.

Oil supermajors battle for dominance after metamorphic downturn

The world’s biggest oil companies are jostling for supremacy as they emerge from a life-changing downturn.