Latest News

OKEA ASA – Second Quarter 2019 Results

OKEA ASA reported strong operational income and cash flow in the second quarter. Operational performance was solid with a net production of above 20 000 boepd and EBITDA of NOK 594 million, up from NOK -13 million in Q2 2018.Total operating income in the quarter was NOK 1 039 million,…


Premier Oil plc: Trading and Operations Update

Premier provided an update on recent operational activities and guidance in respect of its half year financial results to 30 June 2019.2019 1H highlights - 2019 1H production averaged 84.1 kboepd, up 11 per cent on the 2018 corresponding period - On track to meet previously increased full year production…


£4 million Support for Decommissioning

Fourth round of the Decommissioning Challenge Fund launched.Funding of £4 million has been announced to help maximise the economic benefit to Scotland from the decommissioning of North Sea infrastructure, following the success of previous projects.The money from the Decommissioning Challenge Fund is in addition to the £10 million committed in…


Improved Recovery from Gudrun

The Gudrun partners have decided to invest in a water injection plant on the Gudrun field to improve reservoir recovery. This will extend the field life by three years compared to the original plan.“We are pleased about the partnership’s decision to invest NOK 2.4 billion in further development of the…


Trestakk on Stream

Production from the Trestakk subsea field on Haltenbanken in the Norwegian Sea started on 16 July. Tied back to the Åsgard A floating production vessel, the field has estimated recoverable resources of 76 million barrels of oil. Field production started on time, below budget and without any serious incidents.“Together with…


James Fisher and Sons plc: Contract Wins

RenewablesJames Fisher and Sons plc announced a number of recent contract awards in the offshore renewable energy sector with a combined value of circa £30m.Work continues on the East Anglia One windfarm construction and James Fisher has been awarded phase 2 of the unexploded ordinance work and boulder clearance, as…


Balticconnector Offshore Pipeline Construction Work in the Sea Completed

Construction work in the sea for the Balticconnector project offshore pipeline was completed Friday 12 July 2019. Pipe laying was finished at the end of June, and the shielding work was begun in mid-June. Now that the shielding work has been finished, all construction work in the sea has been…


Dry Well West of the Johan Sverdrup Field in the North Sea - 16/5-7

Equinor Energy AS, operator of production licence 502, has completed the drilling of wildcat well 16/5-7.The well was drilled about one kilometre west of the Johan Sverdrup oil field in the central part of the North Sea and 200 kilometres west of Stavanger.The objective of the well was to prove…


DOF Subsea Contract Awards

DOF Subsea has been awarded several contracts, securing utilisation for vessels in the Subsea/IMR Projects segment. In the Atlantic region, Skandi Skansen has been awarded a contract for mooring installation on the Njord Future project by Equinor. The Atlantic region further announces successful contract awards on the UKCS for two…


PGNiG Bought Further Shares in the Deposit in the North Sea

PGNiG Upstream Norway has acquired 20% shares in the Duva field on PL636 and PL636B licenses from Wellesley Petroleum. The start of production is planned at the turn of 2020 and 2021. "We are focused on the implementation of the strategy related to the increase in extraction in Norway, which…


Seabed Geosolutions Wins 4D Ocean Bottom- Node Survey Offshore West Africa

Seabed Geosolutions has been awarded a 4D ocean bottom node (OBN) monitor survey in West Africa for a major oil company.The project, for which the data is expected to be acquired over a two-month period during the third quarter of 2019, will cover 151 square kilometres in water depths up…


5th Faroese Licensing Round

Jarðfeingi (the Faroese Geological Survey) announced the launch of the 5th Licensing Round on 11th July which will be run in conjunction with the 32nd UK Licensing Round. Both rounds will be open for 120 days. Jarðfeingi would like to extend a welcome to oil companies to avail themselves of…


Expro Awarded Subsea Contract by Pacific Santa Ana, Ltd. Offshore Mauritania

International oilfield services company Expro has been awarded a contract by Pacific Drilling LLC’s subsidiary, Pacific Santa Ana, Ltd, for the provision of an Intervention Riser System (IRS) for PETRONAS’s Chinguetti Field Phase II plug and abandonment (P&A) contract, offshore Mauritania. The contract, valued at $20m, will see Expro provide…


Decommissioning in Shetland Expands with the Arrival of more North Sea Structures

The Dales Voe decommissioning facility in Shetland is one step closer to becoming a centre of excellence for recycling offshore structures from the North Sea with the arrival of two new installations for decommissioning by strategic partners Veolia and Peterson. The structures from Spirit Energy’s ST-1 arrived in the dedicated…


Hurricane Energy plc: 'Lincoln Crestal' 205/26b-B Well Spud

Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announced that the 205/26b-B well ("Lincoln Crestal") was spudded on 12 July 2019 using the Transocean Leader rig.Lincoln Crestal is the second in a three-well programme on Hurricane's Lincoln and Warwick…


BP Schiehallion Project

Global Energy (Group)'s North Fabrication division have successfully completed and handed over the 130Te BP Schiehallion Central Production Manifold M1P to BP, safely and to the required project quality requirements. OSS awarded Global Energy (Group)'s North Fabrication division the contract in September 2018, first steel was cut in October 2018…


NKT Wins High-voltage Power Cable Order to Connect Two Oil and Gas Platforms in Norway

NKT has been awarded a turnkey project from Lundin Norway AS for the 132 kV high-voltage power cable connecting the Edvard Grieg oil and gas production platform to the Johan Sverdrup field center. The power cable solution will finalize the Utsira High Power Hub Project to power several oil and…


Fugro Performs First North Sea Remote Heading Control Operation

Fugro has successfully provided remote positioning services onboard a floating production storage and offloading (FPSO) vessel for Bluewater during a scheduled subsea inspection, repair and maintenance campaign in the North Sea.A recent week-long operation included accurate remote configuration of the positioning systems onboard the FPSO, the assisting anchor handling vessel…


McDermott Awarded Sizeable Offshore Engineering Contract by Qatar Petroleum

McDermott International, Inc. announced it has been awarded a sizeable* contract by Qatar Petroleum (QP) to carry out front-end engineering and design (FEED) work for offshore wellhead platforms, pipelines and cables associated with the North Field Expansion (NFE) project.The scope includes the design of four offshore trunk lines with intra-field…


The Buildings of the Balticconnector Project’s Inkoo Compressor Station Completed for the Station’s Commissioning

The commissioning inspection of the buildings at the Inkoo compressor station took place on 5 July 2019 and established that the compressor station’s buildings were ready for use. The buildings were inspected by Inkoo municipality’s building inspector and Länsi-Uusimaa Rescue Department’s inspector.“The completion of the buildings on time enables the…