Europe ///

Bibby Offshore wins multi-million-dollar North Sea contract

Bibby Offshore has secured a multi-million-dollar contract with an independent UK-based E&P company, to provide air diving, and ROV inspection and construction services across five of its North Sea assets.

Shell earnings tumble to 11-year low on oil, weaker refining

Royal Dutch Shell reported the lowest quarterly earnings in 11 years and missed estimates by more than $1 billion as a mix of lower energy prices, weaker refining margins and production halts weighed on Europe’s largest oil company.

UK opens up frontier acreage in new licensing round

The Oil and Gas Authority (OGA) has launched the 29th Offshore Licensing Round with more than 1,200 blocks on offer to support the OGA’s objective of maximizing economic recovery (MER) from the UK Continental Shelf (UKCS).

Statoil suffers surprise loss amid collapse in oil prices

Statoil deepened spending cuts after Norway’s biggest oil producer reported an unexpected loss amid lower crude prices and taxes on unprofitable international operations.

Claxton awarded Statoil decommissioning contract for Huldra wells

Claxton, an Acteon company, has been awarded a contract with Statoil to provide ‘rigless recovery’ of seven abandoned wells on the Huldra platform on the Norwegian Continental Shelf.

Romgaz awards casing, connections and services contract to Tenaris

Romgaz has awarded Tenaris with a contract to provide 6,000 tons of casing and TenarisHydril Blue connections to Societatea Națională de Gaze Naturale Romgaz SA Mediaș (Romgaz), the largest producer and main supplier of natural gas in Romania.

Technip wins key IRM frame agreement in UKCS

Technip has been awarded a key contract by Repsol Sinopec Resources UK Limited for Inspection, Repair and Maintenance (IRM) works on its North Sea subsea infrastructure.

Lundin starts three well campaign in southern Barents Sea

Lundin Norway, a wholly owned subsidiary of Lundin Petroleum, has commenced its 2016 exploration and appraisal campaign in the Loppa High area in the southern Barents Sea. The campaign will be carried out by the Leiv Eiriksson semisubmersible.

First Subsea supplies relatchable bend stiffener connector for Gina Krog FSO

First Subsea has supplied a relatchable bend stiffener connector to NOV Completion & Production Solutions for a flexible production riser for Statoil’s Gina Krog, turret moored, Floating Storage and Offloading (FSO) vessel in the Norwegian sector of the North Sea.

North Sea field shutdowns to climb as Brexit deepens oil gloom

The pace of North Sea oil-field shutdowns is picking up as the impact of the market slump is compounded by the uncertain investment environment created by Brexit.

Faroe Petroleum to acquire North Sea assets from DONG E&P Norge

Faroe Petroleum has conditionally agreed to acquire a package of interests in producing Norwegian oil & gas assets from DONG E&P Norge.

UK awards PGS, WesternGeco contracts for new seismic campaign

The OGA has awarded contracts for the second government-funded £20 million ($26.5 million) seismic campaign to promote underexplored areas of the UK Continental Shelf.

Apache awards subsea master service agreement extension to Wood Group

Wood Group has been awarded an extension to its master service agreement (MSA) contract with Apache Corporation in the North Sea.

Premier Oil jumps in London as Brexit cuts costs in Sterling

Premier Oil rose the most this month in London trading after saying it’s benefiting from a decline in the British pound following the UK’s vote to leave the European Union.

Amec Foster Wheeler wins North Sea contracts from Repsol Sinopec

Amec Foster Wheeler has been awarded two long-term major services contracts as part of Repsol Sinopec Resources UK’s long-term transformation and long-term commitment to the North Sea.

NPD approves Tambar facility extension for BP

The Norwegian Petroleum Directorate is giving the green light to use the facility on Tambar field in the North Sea until Jan. 1, 2022.

Exxon Mobil granted consent to start subsea facility on Balder field

The Norwegian Petroleum Directorate has granted Exxon Mobil, operator and sole licensee in production license 001, consent to start-up a subsea facility for production well 25/11-E-29 AH on Balder field.

Faroe confirms Brasse discovery with side-track appraisal well

Faroe Petroleum has completed a successful side-track appraisal well on the Brasse discovery in license PL740 in the Norwegian North Sea.

Norway will keep the UK warm this winter with gas supply boost

Britons won’t have to worry about staying warm this winter and they have Norway to thank.

Petrofac appointed Well Operator for Hurricane Energy

Petrofac has been appointed Well Operator by Hurricane Energy in a three-year contract to support wells located West of Shetland.