Tag Archive

Cairn Half-Yearly Results 2018

Cairn Half-Yearly Results 2018

September 11, 2018 No Comments

Oil sales revenue of US$172 million (m) at an average realised price of US$66.97/barrel (bbl) (US$67.81/bbl before hedging costs) – Simon Thomson, Chief Executive, Cairn Energy PLC said, Cairn has made strong progress across its balanced portfolio. Cash flow from the North Sea is now established and development projects in Senegal and Norway are well […]

Norway’s largest oil pipeline now in place

Norway’s largest oil pipeline now in place

September 10, 2018 No Comments

Norway’s largest and longest pipeline, laid by the vessel Saipem Castorone, reached the Johan Sverdrup field in the North Sea. Late last week the last pipe of what is now Norway’s longest and largest oil pipeline was installed right next to the riser platform at the Johan Sverdrup field. The 36-inch pipeline extends 283 km […]

ENERGY NEWSTRACK TO 31/08/18:

ENERGY NEWSTRACK TO 31/08/18:

August 31, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $75.72 a barrel on Thursday, 30 August 2018, compared with $74.48 the previous day, according to OPEC Secretariat calculations. Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export […]

Improved recovery rate for Johan Castberg field in the Barents Sea

Improved recovery rate for Johan Castberg field in the Barents Sea

August 24, 2018 No Comments

Digital technology developed in Norway will help improve recovery from the Johan Castberg field in the Barents Sea. Equinor has awarded Alcatel Submarine Networks a contract for permanent reservoir monitoring (PRM), which in turn has signed a letter of intent with Nexans Norway AS for delivery of subsea cable. “PRM is a central element of […]

ENERGY NEWSTRACK TO 23/08/18:

ENERGY NEWSTRACK TO 23/08/18:

August 23, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $71.75 a barrel on Wednesday, 22 August 2018, compared with $71.01 the previous day, according to OPEC Secretariat calculations. Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export […]

BP Eastern Trough Area Project hub celebrates 20 years of production

BP Eastern Trough Area Project hub celebrates 20 years of production

July 18, 2018 No Comments

The Eastern Trough Area Project (ETAP) North Sea development, labelled by the Oil & Gas Authority (OGA) as the “poster child” for its Maximising Economic Recovery (MER UK) strategy, celebrates 20 years of production today, with the key hub expected to operate into the mid-late 2030s. ETAP, often regarded as one of the most ambitious […]

Transocean Announces 13-Well Contract

Transocean Announces 13-Well Contract

July 17, 2018 No Comments

Transocean Ltd. (NYSE:RIG) announced that the midwater semisubmersible Transocean 712 was awarded a 13-well contract (approximately 580 days) commencing in March 2019 in the U.K. North Sea with ConocoPhillips. The estimated firm contract backlog is approximately $75 million. Additionally, the contract includes a one-well option. Source / More : Transocean Oil and Gas News Undiluted […]

Maersk Drilling secures two contract extensions

Maersk Drilling secures two contract extensions

July 13, 2018 No Comments

Maersk Drilling has been awarded contract extensions for the high-efficiency jack-up rigs Maersk Resolute and Maersk Resolve by Petrogas E&P Netherlands B.V. and Wintershall Noordzee B.V., respectively. The extensions allow the two rigs to continue their high-performance operations in the North Sea. Maersk Resolute has been awarded a 56-day contract extension by Petrogas E&P Netherlands […]

Alfa Laval wins offshore Supply orders

Alfa Laval wins offshore Supply orders

June 20, 2018 No Comments

Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply Framo pumping systems to an oil platform in the North Sea. The order has a value of approximately SEK 60 million. It is booked in the Pumping Systems unit of the Marine Division, with […]

New oil discovery at the Utsira High, North Sea

New oil discovery at the Utsira High, North Sea

June 8, 2018 No Comments

Equinor and partners Lundin and Spirit Energy have struck oil in the PL 167 licence at the Utsira High in the North Sea. The discovery is currently estimated to contain 15-35 million barrels of recoverable oil equivalent. “We are very pleased to announce the first Equinor discovery,” says Nicholas Ashton, Equinor’s senior vice president, Exploration, […]

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