Chestnut Field Extended Up to Three Years
Partners Spirit Energy and Dana Petroleum will invest £140 million ($177 million) to extend the life of the Chestnut field in the UK North Sea by as much as three years.The companies announced on Friday that they reached a deal with…
KNOC Aims to Sell Stake in Dana Petroleum
State-run Korea National Oil Corp (KNOC) is considering upping the stake it is planning to sell in its British unit Dana Petroleum after failing to lure a buyer for the 30% previously on offer, banking and industry sources said.KNOC…
Chevron Gets Green Light for Captain EOR
Energy giant Chevron announced Tuesday it has received approval from the U.K. Oil and Gas Authority (OGA) to move ahead with its plans for an Enhanced Oil Recovery (EOR) project that aims to unlock millions of extra barrels of oil and…
Centrica Wins Contract to Process Gas from Tolmount Field
Centrica Storage Limited has been awarded a 120 million pound ($153 million) contract to process gas from the Tolmount field in the North Sea, which will help extend the life of its gas terminal in Yorkshire until at least 2030, the…
EnerMech Obtains $24m Service Contract
EnerMech Get $24m Contract Lift. EnerMech has secured a cranes and lifting services contract with an international Operator in the North Sea along with an extension of many existing contracts worth just over $24m. The company will provide…
Itochu Seeks North Sea Sale
Japanese commodity trading house Itochu is seeking buyers for stakes in two North Sea oilfields, a pipeline and a terminal, a document seen by Reuters shows.The sale, run by Scotiabank, could fetch up to $250 million, according to banking…
Maersk Drilling Bags North Sea Contracts
Maersk Drilling said it has been awarded three consecutive contracts for the Maersk Resolute and a contract extension for the Maersk Resolve, both operating in the Dutch sector of the North Sea.“The North Sea continues to be a key market to Maersk Drilling…
Shell Announces Plan for Penguins Filed Redevelopment
Shell announced the final investment decision for the Penguins field redevelopment project in the U.K. sector, which includes the construction of a new-build Sevan Marine designed cylindrical floating production, storage and offloading (FPSO) vessel.
Chevron Approves New Tech in North Sea
U.S. oil major Chevron has approved an investment to increase output from its Captain oilfield by using a new water-injection technology for the first time in the North Sea, the company said on Friday. Six long-reach horizontal wells will be drilled in the 20-year-old field…
Denmark Issues 16 Oil and Gas Licences
Denmark on Wednesday issued 16 oil and gas exploration licences in the North Sea, just days after A.P. Moller-Maersk threatened to shut down the country's main gas field. The licences were awarded to Danish and international players including Dong Energy…
Fugro to Provide ROV Drill Support for Dana Petroleum
Fugro is to supply ROV drilling support services on board the Ocean Guardian MODU under a new contract awarded by Dana Petroleum (E&P) Ltd. Operating one of its fleet of FCV 600 ROVs, specifically designed for North Sea drill support activities…
Technip Wins Subsea Contract on Triton FPSO
Technip has been awarded a brownfield subsea contract for the Triton(1) floating production storage and offloading (FPSO) vessel, operated by Dana Petroleum, located in the central North Sea. This FPSO vessel is located 193 kilometers east of Aberdeen…
Axis to Address Gender Diversity in Oil & Gas
An innovative networking organization set up to address gender diversity across the energy industry with a predominant focus on increasing female retention is to be officially launched later this month on September 17. Aberdeen X-Industry…
XPD8 Seals Contracts in North Sea, Malaysia
Asset integrity management specialist XPD8 Solutions has secured more than £2.25 million in combined contract wins for work in the North Sea and Malaysia. Over a period of 12 months, XPD8 will develop the work management system, which includes asset register…
Urgent Need to Cut Costs in UK North Sea
Britain's North Sea oil and gas industry faces a bleak future where more fields are likely to become uneconomic and shut in as platforms close - unless costs can be controlled, operators say. For some elderly platforms in the Northern North Sea, time is running out.
Spike Increases Barents Sea Presence
Spike Exploration Holding AS (Spike) has recently signed an agreement with Tullow Oil Norge AS to swap a 15% interest in licence PL494/B/C for a 15% interest in PL722. PL722 is located in the Hoop area in the Barents Sea. The prospectivity of the PL722 acreage is very attractive…
XPD8 Seals Ghana FPSO Contract
Asset integrity management specialist XPD8 Solutions said it has continued its recent success in West Africa for work off the coast of Ghana. Over an 18-month period, the company will develop the maintenance program and inventory data for MODEC’s TEN MV25 floating production…
