Western Europe
News
September 10, 2024
The Transocean Spitsbergen rig drilled the well in production license 199 in the Haltenbanken Vest Unit in the Norwegian Sea. Preliminary estimates place the size of the discovery in the range of 2-4 MMcm of recoverable oil equivalent.
News
September 08, 2024
The transaction adds more than 8 MMboe in reserves and resources net to DNO. In terms of production, the acquired assets delivered approximately 3,000 boed in the first half of 2024, expected to rise to above 5,000 boed in 2026 as the Verdande contribution kicks in.
News
September 03, 2024
The Tyrving development leverages the planned extended lifetime for the Alvheim field and will increase production while reducing both unit costs and CO2 emissions per barrel. The field consists of three wells and two new subsea installations tied back to existing infrastructure at East Kameleon and further to the Alvheim FPSO.
News
September 02, 2024
Over the next five years, almost half of the additional oil and gas production that could have got the go-ahead under the current tax system would be uneconomic under the new proposals, OEUK said in a report. That puts more than 35,000 jobs at risk in 2029 due to projects being shelved, the group said.
News
August 30, 2024
Under this contract, CHC Helikopter Service will provide crew change and transportation services for two key rigs: the Noble Invincible and the Deepsea Yantai. These critical missions will be supported by CHC’s Sikorsky S-92 aircraft, known for its exceptional performance and safety record in offshore missions.
News
August 29, 2024
The 3 MW floating wind turbine will be located 2 km west of the Culzean platform, 220 km offshore Scotland. This turbine, expected to be fully operational by end 2025, will supply around 20% of Culzean’s power requirement, thereby reducing its GHG emissions.
News
August 26, 2024
In 2022, Norway’s two biggest oil companies, Aker BP and Equinor, decided to move ahead with plans to spend about $19 billion to develop a string of fields in the North and Norwegian seas. The investment plans were driven by temporary Covid-era tax rules that were intended to spur petroleum investments during the pandemic.
News
August 26, 2024
Equinor ASA said new seismic data is allowing for the reassessment of offshore oil and gas resources on Norway’s continental shelf, underpinning exploration and production efforts as the company targets as many as 30 wildcat wells a year through 2035.
News
August 23, 2024
The well, drilled by the Transocean Norge rig, encountered estimated recoverable volumes between 30 million and 140 million barrels of oil equivalent (MMboe).
News
August 21, 2024
Var’s Balder X project — extending production to 2045 — includes vessel upgrades, as well as new production and water injection wells. It had already suffered from delays associated with the Covid-19 pandemic, bad weather that complicated drilling, as well as inflation driving up the price of services.
News
August 21, 2024
Production from the Norwegian Continental Shelf will peak in 2025, the directorate said in a report published Wednesday. How quickly production falls will depend on whether companies can tap into resources around existing infrastructure using new technologies, as well as in less familiar regions like the Barents Sea in the far country’s far North.
News
August 19, 2024
Argo Cassiopea plays a central role in Eni's strategy to increase the use of domestic natural gas for energy security and as a low-emission source. Argo Cassiopea's reserves are estimated at around 10 Bcmg, with peak annual production expected to 1.5 Bcmg.
News
August 14, 2024
Germany will scrutinize an application to drill for natural gas at a protected marine site after explorer One-Dyas BV cleared a key hurdle with local authorities.
News
Serica Energy, SeaTwirl partner to decarbonize offshore assets in North Sea with floating wind power
August 13, 2024
The goal of the partnership is to identify and assess potential opportunities to decarbonize Serica’s offshore assets and other associated electrification opportunities using renewable power and subsea energy storage.
News
August 12, 2024
On Monday, Exchequer Secretary to the Treasury, James Murray MP, co-hosted a Fiscal Forum at Offshore Energies UK’s Aberdeen offices with senior industry leaders. The impact of changes to further extend and raise the Energy Profits Levy (EPL), or windfall tax, and the potential removal of critical capital allowances for the sector were central to discussions.
News
August 11, 2024
The Penguins FPSO is a Sevan 400 design with a process capacity of 45,000 bpd and with a storage capacity of 400,000 bbls. The FPSO has been contracted by Fluor and constructed in China, with completion and commissioning at Aibel’s yard in Haugesund, Norway, before handed over to Penguins field operator Shell UK.
News
August 06, 2024
The NO5-A project involves the creation of an offshore platform comprising a topside and a six-legged non-battered jacket. Upon completion, the NO5-A Platform will be the first electrified gas production platform in the North Sea, powered entirely by offshore renewable energy from the nearby Riffgat offshore wind farm.
News
August 04, 2024
The regional roll-out has been agreed following successful field trials of the system on bp’s Clair Ridge platform and has been adopted to ensure safer Red Zone management for various hazardous operations. It is the first time the technology has been used for well interventions.
News
July 31, 2024
An aging oil province like the North Sea, where most fields are heavily depleted and the remaining untapped resources are costly to develop, cannot tolerate these extra burdens, the oil and gas industry said.
News
July 30, 2024
Viaro will take full ownership of the Bacton onshore gas terminal and 11 offshore facilities that produced around 28,000 boe last year, according to a statement from the company on Tuesday. That’s equivalent to about 5% of total UK gas production, and the company said it sees potential to expand production further.
News
July 23, 2024
The retreat by one of Britain’s biggest oil and gas companies underscores the challenge facing the UK government in developing floating offshore wind into a major industry, just as costs for the technology have increased.
