A new helicopter services contract took effect on the 1st Septermber in the Barents Sea between Eni Norge, in partnership with Equinor, and Bristow Norway. Bristow’s contract includes services related to crew changes and SAR (search and rescue) for both companies from their its…
Equity agreements totalling US$10 billion have assisted US$12 billion in transactions in the North Sea since 2014, according to Wood Mackenzie. Another US$13 billion could be invested in the North Sea, based on disclosed funding. Neivan Boroujerdi, senior research analyst, North Sea upstream,…
Equinor will start production from the Aasta Hansteen field in the autumn of 2018 after it received the start-up approval from the Norwegian Petroleum Directorate on the 31st August. The NPD said that the consent for the start-up of Aasta Hansteen was granted to…
Roch SA, Buenos Aires, has started oil production from a well drilled to appraise its 2008 San Martin discovery in Tierra del Fuego and cased a second appraisal as a possible producer. . According to Crown Point Energy Inc, a 51.56% interest holder based in…
Wintershall plans to spend NKr2 billion (US$240 million) on exploration and development in the Norwegian sector in the 2017-20 period, according to a presentation at ONS. Martin Bachmann, executive board member for E&P in Europe and the Middle East, said the company was about…
Vestas and new customer ECN Wind Energy Facilities are partnering on the 30 MW Wieringermeer test wind site project in Northern Holland, which includes test opportunities to explore how to drive forward renewable energy power plant productivity and improve grid integration. With renewable energy…
UK-based investment company Cluff Natural Resources (CLNR) has received and accepted the formal award by the UK Oil and Gas Authority for six licences covering a total of ten full and part blocks. The provisional awards for the licences were won by the company…
ExxonMobil has made its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on the Stabroek Block in the past year and proving a new play concept for potential development. ExxonMobil had announced its eighth discovery offshore Guyana in June. …
Navigators’ Cameron replaces Gittings as LMA CEO Sheila Cameron, currently head of international operations at Navigators Underwriting, is to become the next CEO of the Lloyd’s Market Association (LMA). David Gittings will be stepping down at the end of the year after 12 years…
Petrofac has received a provisional letter of award for an engineering, procurement and construction (EPC) contract worth US$600 million with Sonatrach for EPC1 of the Tinhert Field Development Project in Algeria. Formal contract signing is expected to take place in September 2018. Located…
