Well-Safe advances overhaul of first P&A rig

Decommissioning specialist Well-Safe Solutions has awarded two contracts for the conversion of the semi-submersible drilling rig Well-Safe Guardian into a dedicated P&A unit.   Global Energy Group will provide quayside services for the refurbishment during the rig’s yard stay at the company’s Nigg Energy Park…

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High-Impact Discoveries Already Greater than 2018

Sixteen discoveries estimated to be larger than 100 million barrels of oil equivalent (boe) were made in the first half of the year, Westwood Global Energy Group has revealed.   This figure is already greater than the whole of 2018, according to Westwood, who pointed…

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Epik LNG terminal receives critical project status

The New South Wales government has granted Critical State Significant Infrastructure (CSSI) status to South Korean developer Epik’s proposed Newcastle LNG import terminal 160 km north of Sydney.   The status will streamline approval processes for the A$590-million project, which could be operational by 2022-23…

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Oceaneering wins subsea wellhead removal from Lundin

Oceaneering International, Inc has announced that its wholly owned subsidiary Oceaneering AS has secured a contract from Lundin Norway AS covering the removal of the Jorvik subsea well in Norway, with options for additional wells.   The removal project, which is part of an ongoing…

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Exxon Reportedly Eyes North Sea Asset Sale

ExxonMobil is eyeing a sale of its UK North Sea portfolio, according to media reports.   When asked for comment on the subject, an ExxonMobil spokesperson told Rigzone, “we do not comment on industry rumours and speculation”.   Responding to the reports, Neivan Boroujerdi, a…

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IOG plans to take North Sea project FID in September

Independent Oil and Gas (IOG) will be raising funds in an £88 million bond issue ahead of the its Southern North Sea (SNS) Core Project farm-out and Phase 1 final investment decision (FID).   IOG’s SNS Core Project consists of six discovered gas fields off…

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