Spirit Energy has successfully completed a sidetrack well (6506/9-4 A) and a production test following the drilling of the downdip appraisal well (6506/9-4 S) on Fogelberg discovery in the Norwegian Sea. According to Faroe Petroleum, which owns a Faroe 15 percent stake in the…
Subsea 7 has announced the award of a substantial contract* by Total E&P Angola for the engineering, procurement, installation and commissioning of the subsea flowlines and umbilicals for the Zinia Phase 2 project, 150 kilometres offshore Angola in water depths from 800 to 1,000 metres….
Since the fall in oil prices in 2014, oil majors and international oil companies (IOCs) have accelerated a shift towards resource themes and regions offering higher returns, lower complexity and shorter timeframes, away from the more challenging regions such as Southeast Asia, Wood Mackenzie, the energy…
Ark taps MS Amlin’s marine underwriter Lurcott Lloyd’s (re)insurer Ark has hired marine market expert Richard Lurcott. Axis’ marine head jumps ship for Tokio Marine HCC Darren Carr, the unit head of marine at Axis, has left the carrier for Tokio Marine HCC. …
The nationalisation of a crude oil export pipeline in western Canada has buoyed long-standing hopes for crude exports to markets beyond the United States – but the most likely destination for much of that oil is California. Faced with declining production from Latin America…
Kinder Morgan Texas Pipeline has announced a US$2 billion project to transport natural gas from the Permian Basin. The Permian Highway Pipeline project was announced on the 25th June by the unit of Houston-based Kinder Morgan Inc. Partners include Midland-based EagleClaw Midstream Ventures…
Total E&P Norge has permission to spud an exploration well on the Jasper prospect in the Norwegian Sea this weekend, using the semisubmersible Scarabeo 8. The Norwegian Petroleum Directorate approved well 6406/6-5 S in 267 metres (876 feet) water depth in licence PL255B. …
MODEC (a provider of competitive floating solutions for the offshore oil and gas industry and is recognised as a leading specialist for Floating Production Storage and Offloading (FPSO) vessels, Floating Storage and Offloading (FSO) vessels, Floating LNGs (FLNGs), Tension Leg Platforms (TLPs), and Production Semi-submersibles)…
Seismic survey specialist Spectrum has begun the acquisition of offshore multi-client 2D seismic data in the eastern Turkish Black Sea. Spectrum said in an Oslo Børs filing on the 27th June that the first phase of the new survey comprised of 7,000 kilometres of…
The estimated costs of decommissioning of offshore oil and gas installation in the UK have fallen, the UK Oil and Gas Authority has said. OGA has explained that the reduction comes from the fact that the decommissioning industry, still immature, is learning as it…
