Europe
News
February 15, 2024
The higher estimate for 2024 offshore spending reflects greater investment in “fields on stream, field development and pipeline transportation,” the statistics office said. “Markedly higher” spending on field development contributed to a 22% increase in investment in 2023 compared with 2022.
News
February 13, 2024
This year, net production in the North Sea is projected at 15,000-16,000 boepd; the bolt-on acquisition of a 25% stake in the producing UK field Arran will add another 2,000-2,500 boepd once completed. In Kurdistan, DNO expects gross operated production at the Tawke license to continue to average 80,000 boepd.
News
February 12, 2024
The survey is expected to have a contract value of approximately $2 million and should commence early March 2024.
News
February 09, 2024
The UK’s offshore energy industry has warned 42,000 jobs and £26billion of economic value would be wiped out under new Labour proposals to extend the windfall tax on UK oil and gas producers.
News
February 08, 2024
The transaction is expected to add some 4 MMboe net to DNO, of which 90% gas, with projected net 2024 production of 2,000-2,500 boed. The cash consideration is $70 million plus a contingent consideration of up to $5 million if certain operational targets are met.
News
February 08, 2024
Diamond Offshore Drilling, Inc. has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the Ocean BlackLion, commencing in September 2024. Additionally, the company has entered into a drilling contract with Serica Energy (UK) Limited to utilize the Ocean Patriot for two plug and abandonment (P&A) wells in the U.K. North Sea.
News
February 07, 2024
Under the framework agreement, AGR will provide services within blowout contingency planning, well control emergency response, casing magnetization service, and general transient flow analyses.
News
February 06, 2024
The Feb. 1 “equipment incident” involved the Ocean GreatWhite drilling rig about 125 miles (200 kilometers) west of the Shetland Islands, the company said in a U.S. filing on Monday. BP is leasing the vessel through at least August. Diamond Offshore describes it on its website as “one of the world’s largest ultra-deepwater harsh environment semisubmersible” rigs.
News
February 01, 2024
A total of 24 licenses have been offered in the second tranche of the NSTA’s 33rd licensing round with a third tranche to follow. This is important news for people across the industry and its supply chains, which support over 200,000 jobs across the UK.
News
January 31, 2024
The round is a key part of the North Sea Transition Authority’s (NSTA) drive to support the oil and gas industry, which currently contributes around three quarters of domestic energy needs and, according to official forecasts, will continue to do so even as demand is reduced.
News
January 30, 2024
A total of 55 operators contributed to the NSTA survey, which showed that innovations related to net zero ambitions and digital transformation have risen significantly.
News
January 28, 2024
Vissim’s new oil spill detection system utilizes upgraded image processing technology that enables much higher sensitivity, which allows it to detect even smaller oil spills. It also capitalizes on machine learning to classify detected phenomena, preventing the system from generating false alarms.
News
January 24, 2024
Offshore Energies UK (OEUK) CEO, David Whitehouse, will chair the conference and executive committee for SPE Offshore Europe 2025 (OE25) being held at P&J Live, Aberdeen from 2-5 September 2025.
News
January 23, 2024
The contract will see Aquaterra Energy deliver a comprehensive range of offshore analysis services, including riser and conductor analysis for jack-ups and semi-submersibles, plus integrity management, decommissioning and late life analysis.
News
January 22, 2024
The ROCS system, developed by Optime Subsea, transforms the installation of production tubing in subsea wells by eliminating the need for umbilicals. This results in significantly safer and faster operations while reducing the need for personnel in the red zone on the rig.
News
January 22, 2024
The Tyra East Riser platform Echo was declared hot, with all pipelines connected. De-isolation of these pipelines has also commenced, which is an important step towards first gas. On Tyra West, the first wells have successfully been unplugged and de-watered, with two wireline teams working in parallel on the Tyra West B and C platforms.
News
January 19, 2024
The Norwegian authorities are offering Aker BP ownership interest in 27 exploration licenses on the Norwegian Continental Shelf in the APA 2023 licensing round. For 17 of the licenses, Aker BP is also granted operatorship.
News
January 18, 2024
The awards include eight production licenses in the North Sea, 13 in the Norwegian Sea, and eight in the Barents Sea. Equinor is the operator of 14 of the awarded licenses, and a partner in 25.
News
January 17, 2024
The Victory field is expected to produce around 150 MMcfgd (approximately 25,000 boed). Most of the field’s recoverable gas is expected to be extracted by the end of the decade.
News
January 16, 2024
Equinor ASA was awarded 39 licenses, while Aker BP ASA received 27 and Var Energi ASA 16. Wintershall Dea was awarded 13 licenses and Poland’s PGNiG Upstream Norway AS 10.
News
January 12, 2024
The expected gain from the well is up to 8 MMboe, of which ca 80% is natural gas. This well is drilled into the Jurassic with good reservoir properties, however with a wide range of subsurface outcomes with respect to volume.
