Offshore ///

Equinor receives green light for a uniquely profitable project

The Ministry of Petroleum and Energy has approved the plan for development and operation (PDO) of the Troll Phase 3 development. Capital expenditures of $918.5 million (NOK 7.8 billion) will help extend the productive life of the Troll field beyond 2050.

Siemens supplies first lithium-ion battery solution for offshore drilling rig

The long-term sustainability of the offshore oil and gas sector is predicated on reducing costs and minimizing projects’ environmental impacts.

Louisiana offshore port increases oil exports

The Louisiana Offshore Oil Port (LOOP) is pushing out the most crude it’s shipped in any one month since the terminal began supertanker exports in February.

ABB has launched remotely operated passenger ferry

Ice-class passenger ferry Suomenlinna II was remotely piloted through test area near Helsinki harbor, proving that human oversight of vessels from anywhere is achievable with today’s technologies

Equinor has been granted drilling permits from Deepsea Bergen and West Hercules facility

Well 35/11-22 S will be drilled from the Deepsea Bergen drilling facility in position 61°5'2.27"N and 3°20'56.92"E after completing the drilling of wildcat well 6407/11-1 for Equinor Energy AS in production license 751.

Lukoil and Kazmunaygas establish a consortium on Zhenis project, Caspian

President of PJSC LUKOIL Vagit Alekperov and Chairman of the Management Board of JSC NC KazMunayGas Alik Aidarbayev signed agreements on joint cooperation and financing of the Zhenis project in the Kazakhstan's sector of the Caspian Sea.

Neptune Energy submits ‘Decision to Continue’ report for Cara project

Subsea tieback solution to Gjøa platform proposed for Norwegian North Sea oil and gas development.

Eco Atlantic confirms 2019 drilling program offshore Guyana

The Partners on the Orinduik Block, being Eco Atlantic, Total and Tullow (Operator), approved the initial 2019 work plan and budget for the first exploration well on the Orinduik Block on Nov. 30, 2018.

Big oil headed for defeat in long Lofoten battle, minister says

The waters around the sensitive Lofoten islands will probably never be opened to oil exploration, according to Norway’s climate and environment minister.

Gauthiers Oilfield Rental, LLC has changed its name to Modex, LLC

Gauthiers Oilfield Rental, LLC is pleased to announce that effective Dec. 1, 2018, it changed its name to Modex, LLC.

McDermott signs up Aqualis Offshore

Aqualis Offshore has entered into a master services agreement with McDermott Asia Pacific Sdn Bhd to provide engineering reviews and marine warranty services for the company’s offshore operations in the Asia Pacific region.

Equinor boosts Vigdis

The subsea field Vigdis has been producing oil through the Snorre field for more than 20 years. Field production will now be boosted by almost 11 MMbbl.

Faroe's Cassidy exploration well commences in Norway

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce the commencement of the Cassidy exploration well 8/10-7 S in the Norwegian North Sea (Faroe 15% working interest).

Faroe makes Norwegian asset swap with Equinor

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce it has signed a binding agreement with Equinor Energy AS (a wholly owned subsidiary of Equinor ASA) (“Equinor”) to swap its interests in the Njord, Hyme redevelopment and Bauge development assets (the “Divested Assets”) in return for interests in four production assets on the Norwegian Continental Shelf: Alve, Marulk, Ringhorne East and Vilje (together the “Acquired Assets”) on a cashless basis (the “Transaction”).

Equinor strengthens its position in the Norwegian Sea

Equinor and Faroe Petroleum have agreed on a number of transactions in the Norwegian Sea and the North Sea region of the Norwegian Continental Shelf (NCS).

Apache achieves first oil at Garten development, UK North Sea

Apache Corporation has initiated production from its Garten development on Block 9/18a Area-W in the United Kingdom sector of the North Sea.

ExxonMobil increases Stabroek resource estimate to 5 Bbbl; Makes 10th discovery

ExxonMobil has made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 Bboe.

Petrofac awarded North Sea contract extension by TAQA

Petrofac’s engineering and production services (EPS) business has secured a condition monitoring contract renewal from TAQA in the UK following competitive tender.

Aker BP has received drilling permit for well 24/9-14 S in production license 869

The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for well 24/9-14 S, cf. Section 15 of the Resource Management Regulations.

The next challenge for Canada's oil patch comes from the sea

A new threat looms for Canada’s largest oil producing province, even as it imposes mandatory output cuts to ease a glut that has driven down crude prices.