Western Europe
News
May 30, 2024
Stable, long-term policies that enable fair returns are critical to ensure UK firms and their people can compete in the global race for energy investment. OEUK says over £200 billion can be unlocked and ploughed into our energy future this decade, but only if firms, skilled people and capital stay here in the UK.
News
May 30, 2024
This deal involves the Clipper and Leman Alpha offshore field clusters and represents the latest move by major oil and gas companies to exit the aging North Sea basin in favor of more lucrative ventures.
News
May 28, 2024
Spending on oil and gas extraction and pipeline transport will jump by 15% in 2024, compared with the 215 billion kroner spent a year earlier, Statistics Norway said on Tuesday. Spending in 2025 is forecast to be 216 billion kroner, the agency said.
News
Subsea7 secures offshore contract for Belinda field’s Trion FPSO from Serica Energy for $150 million
May 27, 2024
The contract scope includes project management, engineering, procurement, construction and installation (EPCI) of a 5-kilometre 8” production pipeline with a 3” piggy-backed gas lift line and an electro-hydraulic controls (EHC) umbilical.
News
May 26, 2024
To accelerate field delivery of the subsea tieback to existing infrastructure, SLB OneSubsea will leverage configurable solutions compliant with NCS2017+ for standardized subsea production systems for application in the Norwegian Continental Shelf (NCS). The objective for Troll Phase 3, Stage 2 is to accelerate production from the reservoir equivalent to about 55 Bcmg.
News
May 22, 2024
Equinor has exercised an option for a batch of eight wells to extend the use of the Odfjell Drilling’s Deepsea Aberdeen on the Norwegian Continental Shelf. The exercised options are planned to start in Q4 2025. The options have a value of approximately $121 million.
News
May 21, 2024
A new report by Robert Gordon University (RGU) has revealed that the UK will fail to achieve a ‘just and fair’ energy transition by 2030 unless there is urgent alignment across the political spectrum to sustain UK offshore industry jobs, supply chain investments and the economic contribution of the workforce.
News
May 20, 2024
Proven and probable reserves in the Belinda field are estimated at about 5 MMbbl of oil equivalent (80% oil). Production is scheduled to commence in 1Q2026 following the tie-back work to the Triton FPSO.
News
May 20, 2024
The contract covers crew change and transportation services from the Deepsea Yantai Rig to Shell’s Sola and Bergen bases. CHC will utilize an S-92 aircraft to support the rig.
News
May 16, 2024
Chevron Corp. put its stake in the UK’s Clair oilfield up for sale in a move that will mark the U.S. supermajor’s exit from the North Sea after more than half a century.
News
May 16, 2024
Under this arrangement, Equinor will boost its ownership in the Heidrun field and Noatun discovery, while scaling back its stakes in the Tyrihans and Castberg fields, along with the Carmen and Beta discoveries.
News
May 14, 2024
In the more than two years since Russia invaded Ukraine, sending energy prices soaring, Norwegian oil and gas giant Equinor has quietly picked up the crown that once belonged to Russia’s Gazprom PJSC. Norway now supplies 30% of the bloc’s gas; Gazprom provided about 35% of all Europe’s gas before the war.
News
May 08, 2024
This year, the APA acreage will be expanded by a total of 37 bocks in the Barents Sea and the Norwegian Sea. Three of the additional blocks are in the northwest of the Norwegian Sea and 34 blocks are in the east of the Barents Sea.
News
May 07, 2024
SLB OneSubsea will deliver the subsea production system which will include two subsea trees, a two-slot template, an umbilical, and a control system. Subsea7 will install the subsea production system and design and install the flowline systems, spools, and protection measures, including rock installation.
News
May 06, 2024
The Eldfisk North Project comprises three 6-well subsea templates approximately 7 km from the Eldfisk Complex. The total resource potential is in the range of 50-90 MMboe, while total capital expenditure is estimated at almost $1.24 billion.
News
May 06, 2024
Optime Subsea's second-generation ROCS has gradually become the new industry standard for well completion operations. Because it has eliminated the need for the umbilical, which traditionally connects the surface to the seabed for controlling the tubing hanger in subsea well completions, and the associated topside hydraulic control unit.
News
May 03, 2024
The North Sea Transition Authority has announced the allocation of 31 new oil and gas licenses, marking a significant step towards reinforcing energy security in the UK, says Offshore Energies UK (OEUK).
News
May 01, 2024
The 23-month contract, part of the Elgin-Franklin Flare Gas Recovery System Project, will redirect gas that would have previously been flared through a new compressor system offshore to be treated and then reused.
News
Norway to extend life of mature Brage oil and gas field in North Sea with new Bestla offshore tie-in
April 30, 2024
The offshore oil and gas field is estimated to hold about 24 MMboe and will be tied back to the Brage platform, which started production in 1993.
News
April 25, 2024
PBS has secured an extension to its General Maintenance and Operations Contract (GMOC) awarded by TotalEnergies in 2020 to cover its offshore assets in the North Sea.
News
April 23, 2024
Additionally, 7 of 8 sanctioned projects with start-up’s by end-2025 are more than 50% complete. Finally, it’s recent offshore oil discovery at Ringhorne North in the Balder Area is expected to contribute to the company’s overall production.
