Spirit to take over North Sea discovery after ‘encouraging’ results

UK-based Spirit Energy will become the operator of a new Southern North Sea discovery after an encouraging exploration campaign.   he Ossian-Darach exploration well encountered hydrocarbons, in licence P2133, and was plugged and abandoned during August 2019.   According to Spirit Energy’s statement on the…

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Croatia’s INA reaches FID on Rijeka refinery modernisation

Croatia’s INA Industrija Nafte DD has taken final investment decision on a more-than US$600-million plan to modernise its 90,000-b/d Rijeka refinery along the northern part of the Adriatic Sea as part of an organizational strategy to boost performance and competitiveness of its Croatian refining business….

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Aker BP first ever to use new well stimulation method offshore

The first successful ‘Single-Trip Multi-Frac’ campaign has been executed on the Valhall field.   This specific method of well stimulation has never been done offshore before.   The method significantly reduces the cost of the well because less time is needed for use of vessels and…

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People in the News

Miller hires Aon exec to develop offshore wind farms portfolio Broker Miller has hired facultative reinsurance broker and producer Andrew Green from Aon Re.   He will produce and place facultative reinsurance for the construction and operation of offshore wind farms, with an initial focus…

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Var Energi Closes Exxon Deal

Var Energi has confirmed that its acquisition of ExxonMobil’s upstream business in Norway has been completed.   The company revealed that it has doubled its production from the Norwegian Continental Shelf (NCS) with the closing of the deal. The acquired fields were said to represent…

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Petrofac bags two new North Sea deals

Oilfield services provider Petrofac has secured two new framework agreements for the provision of engineering, procurement, construction, and commissioning (EPCC) services in the North Sea.   The first one, a three-year framework agreement awarded by EnQuest as part of a multi-contractor framework, covers EPCC services…

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Balticconnector pipeline close to start-up

Officials and government representatives have attended simultaneous ceremonies in Finland and Estonia to mark commissioning of the two countries’ Balticconnector gas pipeline.   The final phase of commissioning finished late last month when the offshore section of the pipeline through the Baltic Sea was filled…

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