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.
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.
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 deepened spending cuts after Norway’s biggest oil producer reported an unexpected loss amid lower crude prices and taxes on unprofitable international operations.
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 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 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 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 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.
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 has conditionally agreed to acquire a package of interests in producing Norwegian oil & gas assets from DONG E&P Norge.
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.
Wood Group has been awarded an extension to its master service agreement (MSA) contract with Apache Corporation in the North Sea.
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 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.
The Norwegian Petroleum Directorate is giving the green light to use the facility on Tambar field in the North Sea until Jan. 1, 2022.
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 Petroleum has completed a successful side-track appraisal well on the Brasse discovery in license PL740 in the Norwegian North Sea.
Britons won’t have to worry about staying warm this winter and they have Norway to thank.
Petrofac has been appointed Well Operator by Hurricane Energy in a three-year contract to support wells located West of Shetland.