Europe ///

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.

Statoil awards long-term frame agreement to ALTUS Intervention

Global well intervention provider ALTUS Intervention, a subsidiary of Qinterra AS, has secured a long-term frame agreement with Statoil for the delivery of mechanical wireline services.

Saipem wins Zohr work as it lands contracts worth over €1.5 billion

Saipem has been awarded new contracts and variation orders in E&C offshore, for an overall amount in excess of €1.5 billion. The most significant contract relates to the field development project for the supergiant Zohr gas field, located off the Egyptian coast in the Mediterranean Sea.

Oil swings between gains, losses as traders weigh Brexit effect

Oil swung between gains and losses after falling to a one-week low as investors fled to haven assets on concern the UK’s vote to leave the European Union (EU) will hinder global growth.

Norwegian Petroleum Directorate grants drilling permit to Wintershall Norge

The Norwegian Petroleum Directorate has granted Wintershall Norge AS a drilling permit for well 35/11-20 A, cf. Section 8 of the Resource Management Regulations.

DeepWell secures major Statoil contract

DeepWell has secured a long-term contract for the provision of mechanical wireline services to Statoil.

Restrata, Shetland FM join forces to expand North Sea response service

The HSE arm of Restrata, formerly known as Stirling Group, has formed a strategic partnership with Shetland Facilities Management (FM) to further expand its HR response service to companies operating in the Northern North Sea.

BP awards Bibby Offshore combined diving campaign

Bibby Offshore, a subsea services provider to the oil and gas industry, has secured an important contract with BP.