Statoil, partners submits plan for development in the Gullfaks areaJul 1, 2015Statoil and its partners have submitted an amendment to the Plan for Development and Operations (PDO) for the Gullfaks licence to the Ministry of Petroleum and Energy for phase 1 of the Shetland/Lista development. Phase 1 of the development is expected to add 18 million barrels of oil equivalent, and will help increase the resilience of the area for continued operation of the Gullfaks platforms in the North Sea.
Deputed First Minister commends Saltire Energy CEO for Entrepreneurial SpiritJun 30, 2015Mike Loggie, Chief Executive of Saltire Energy has been announced as the overall winner of the EY Scotland Entrepreneur
Egdon Resources agrees farm-out of PEDL143, Weald BasinJun 30, 2015Egdon Resources has reached agreement in respect of a farm-out of Weald Basin, Petroleum Exploration and Development Licence
Pryme Energy provides Capitola oil project updateJun 30, 2015Current daily production from the Capitola Oil Project is steady at approximately 135 Bbls of oil (100 barrels of oil net to Pryme)
Ikon Science releases its flagship RokDoc platform version 6.2.3Jun 30, 2015Ikon Science has released its flagship RokDoc platform version 6.2.3, which includes the combination of a license of CoViz Lite,
Ashtead shines a light on subsea technologyJun 30, 2015The latest underwater technologies that are helping the subsea industry to meet the challenges of increasingly complex projects
MSIS attracts private equity investmentJun 30, 2015Primary Capital Partners LLP has acquired a majority stake in fast-growing environmental services and equipment provider, MSIS
EFC Group awarded for significant business growthJun 30, 2015EFC Group has won the ‘Business Success Over Three Years’ category at the Elevator Awards 2015.Previously entitled The Grampian Awards for Business
TGS signs Letter of Intent to acquire Polarcus' multi-client libraryJun 30, 2015TGS has entered into a Letter of Intent to acquire Polarcus' multi-client library, with the exception of Australia, for a price of USD 27.5 million
NPD grants E,ON a drilling permit for well 6507/3-11 SJun 30, 2015The Norwegian Petroleum Directorate (NPD) has granted E.ON E&P Norge AS a drilling permit for well 6507/3-11 S, cf. Section
Statoil commences Johan Sverdrup constructionJun 30, 2015Production of the first elements on the Johan Sverdrup project has begun. On Monday 29 June Kværner metal worker Stian Myrvold Green started up the machine that will cut the steel for the riser platform jacket on the Johan Sverdrup field.'This is a special day. We've been working thoroughly for a long time making the preparations for this exciting and complex project. It feels great now that we've started construction on one of the biggest industrial projects in Europe,' says senior vice president for the Johan Sverdrup development project, Kjetel Digre.
IGas Energy provides update on UK operationsJun 29, 2015IGas Energy has announced its final results and provided an update on its UK operations. Production in the year was 999,003 boe (2014: 1,015,866 boe), representing an average of 2,737 boepd (2014: 2,783 boepd)
Plexus Holdings sells non-core investment for £1.5millionJun 29, 2015Plexus Holdings says that its wholly owned subsidiary Afrotel Corporation Ltd has divested its sole asset, consisting of a 25% shareholding interest in KSW Engineering
Xodus Group appoints Andrew Sewell as Global Subsurface LeadJun 26, 2015Xodus Group has promoted Andrew Sewell to the role of Global Subsurface Lead to drive forward its global subsurface capabilities.
First Claire Ridge topside modules safely installed West of ShetlandJun 26, 2015BP and its co-venturers, ConocoPhillips, Chevron and Shell, are pleased to confirm the safe installation of the new Clair Ridge platform’s quarters and utilities
Wood Group enters $250m agreement on Central Area Transmission SystemJun 26, 2015Wood Group has entered into a $250million agreement with Antin Infrastructure Partners (Antin IP) to provide operating services for the Central Area Transmission
United Nations transforms business’ commitment to sustainabilityJun 26, 2015Sustainability is now firmly on the global business agenda, but there is an urgent need to turn words into action. This is a key conclusion in the independent
Trapoil plans to plug and abandon Niobe exploration wellJun 26, 2015Trapoil says that operations are now being concluded on the Niobe (Licence P.1989, Blocks 12/26b & 27b) exploration prospect. The exploration well was drilled
Statoil plans to simplify structure and ways of workingJun 26, 2015Statoil announces adjustments to the company's structure and operating model. The aim is to become a more cost efficient and fit for the future organisation.
Risk-based approach to valve testing in wells could save US$10m annually per assetJun 26, 2015Reducing expenditure while continuing to improve safety and reduce risk is a key driver for the oil and gas industry especially in today’s cost constrained environment. DNV GL and ExproSoft are now joining forces to offer a risk based approach to testing barrier valves in subsea completed wells applicable worldwide. The objective is to reduce both downtime and risk related to shut-in and restart of wells in addition to substantial cost savings.
Statoil cancels COSL Pioneer rig contractJun 25, 2015Statoil has decided to cancel the contract with COSL Pioneer some 13 months before the expiry date of August 2016.COSL Pioneer has been suspended since 8 October 2014
MX Oil on potential acquisition of interest in development stage projectJun 25, 2015MX Oil plc provides an update on its evaluation of an opportunity to acquire an indirect, non-operating minority interest in a substantial development stage
Lundin spuds two appraisal wells and one exploration well offshore NorwayJun 25, 2015Lundin Petroleum’s wholly owned subsidiary Lundin Norway AS has commenced the drilling of its second Alta appraisal well in the Barents Sea South and the drilling
Faroe Petroleum commences drilling programmeJun 25, 2015Faroe Petroleum is pleased to provide an operational update as follows: drilling operations have commenced on the follow-up drilling programme to the significant Pil/Bue 2014 discoveries in the
