Wood has been awarded a new contract with Bluewater to provide industrial services to the Haewene Brim floating production storage and offloading (FPSO) facility in the UK North Sea. Effective immediately, the contract is for two years with three one-year extension options and includes…
Statoil and partners have further increased the value of the Johan Sverdrup field as a result of continued high quality in project execution, good drilling efficiency and further maturation of the resource base. The Johan Sverdrup development is now nearly 70% complete, which is…
NPD grants North Sea drilling permit to Statoil The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 16/1-29 S. The well’s drilling programme relates to the drilling of a wildcat well in production licence 167 which was awarded on…
Parkmead Group Plc, Aberdeen, is exploring a new development strategy for Perth and Dolphin oil fields in the Moray Firth area of the Central UK North Sea after expanding its interests to 100%. The company has signed an agreement with Nexen Petroleum to conduct…
Developing new subsea technology and approaches to field developments could help unlock 400 million additional barrels of oil and gas and generate US$4.17 billion (£3 billion) of additional value from the UK Continental Shelf (UKCS). That is the view of the Oil & Gas…
If the US bans oil imports from Venezuela, Valero Energy Corporation and Chevron Corporation may end up paying the price. The US is considering a ban on oil imports from Venezuela and exports of petroleum products, but is wary of the damage to American…
Statoil has awarded Fugro a long-term contract to provide positioning of all its operated drillings rigs offshore Norway and associated vessels. Fugro’s positioning systems, using all available navigation satellites (GPS, GLONASS, Beidou and Galileo), will be permanently installed on the facilities. The contractor…
Eni and Total have reportedly made what is believed to be a large gas discovery at their Calypso prospect in the Block 6, offshore Cyprus. News reports have cited Cypriot Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis saying on the 2nd February…
Jordan has reportedly approved an agreement with Iraq to build a twin gas and oil pipeline between the two countries. The 1,680-kilometre double pipeline will pump one million barrels of oil a day, and 258 million cubic feet of gas, from Basra to Aqaba….
Total SA will acquire two exploration licences covering more than 12,000 square kilometres offshore Guyana. It agreed to acquire a 35% working interest in the Canje Block from an affiliate of JHI Associates Inc, Toronto, and Mid-Atlantic Oil & Gas Inc of Guyana. The…
