NorSea Group and Apply TB have signed what they describe as the largest ever onshore power supply contract in Norway. According to NorSea, the company will build power supply facilities at four of its bases along the Norwegian coastline from Hammerfest in the north…
Statoil and partners Masdar and Statkraft have officially opened the Dudgeon offshore wind power farm in Great Yarmouth. Since the investment decision was made in 2014, construction costs have been reduced by more than 15%, from £1.5 billion to approximately £1.25 billion. All…
Emerson’s latest Roxar Downhole Sensor System has been deployed on the Maria field offshore Norway, providing the field’s operator Wintershall with improved well integrity monitoring and offshore safety. The latest deployment of the system – a wireless solution which delivers crucial integrity data and…
Chancellor Philip Hammond announced a tax measure which will unlock further investment in the UK North Sea by enabling more assets to change hands and allow new owners to provide fresh investment in many mature oil and gas fields. Oil & Gas UK has…
Ophir will most likely not be making a final investment decision for its Fortuna FLNG project in Equatorial Guinea in 2017. Despite its recent claim it still expected the FID of the Fortuna project to be achieved in the fourth quarter 2017, this now…
Colombia’s state-run oil company Ecopetrol said on the 22nd November that it would invest between US$3.5 billion and US$4 billion during 2018, largely in production and exploration projects. The company, the Andean nation’s largest, said in a filing to the financial regulator that it…
Reuters has reported that both BP and Eni have expressed an interest in developing the giant Majnoon oilfield, which Shell plans to exit next year. Iraqi oil officials told the news agency that Iraq’s Ministry of Oil has not yet started negotiations with either…
A Chinese firm which has grown from a small local trader to a global deal-making juggernaut sold its first cargo of Russian crude after buying a US$9-billion stake in Rosneft Oil Company. CEFC China Energy Company sold a cargo of Sokol crude from the…
Talos Energy LLC and Stone Energy Corporation have agreed to merge in an all-stock transaction which will create Talos Energy Inc, an offshore-focused E&P company. The transaction is expected to close late in the first quarter or early in the second quarter of 2018….
Maersk Drilling has entered into a jack-up alliance agreement with Aker BP ASA. The alliance is founded on a unique tripartite collaboration model which also includes service provider Halliburton. The alliance aims at lowering the cost per barrel for Aker BP and increasing profitability…
