Monday, July 15, 2024

Central North Sea News

Electrification is Key to Decarbonizing the North Sea

Image courtesy XODUS

The UK government has set ambitious climate change targets within the oil and gas industry, with The North Sea Transition deal aiming to reduce emissions by 50% before 2030. In the most recent emissions report published by the North Sea Transition Authority (NSTA), the…

Innogy Picks Most Powerful Wind Turbine for Its Largest Offshore Wind Project

SG 14-222 DD Turbine - Credit:SGRE

Offshore wind developer Innogy has chosen giant 14 megawatt (MW) offshore wind turbines for its flagship 1.4 gigawatt (GW) Sofia Offshore Wind Farm, located 195 kilometers from the UK coast on Dogger Bank in the shallow area of the central North Sea.Subject to a final…

Neptune Energy Terminates Deal to Buy Edison's North Sea Business

Gjøa platform; Credit: Neptune Energy

Oil and gas company Neptune Energy has terminated the agreement to acquire Edison E&P’s UK and Norwegian subsidiaries from Energean Oil and Gas. Neptune will pay a $5 million termination fee to Energean.The two companies had last year agreed for Neptune to buy Edison E&P North Sea assets for up to $280 million…

BP Rig Arrives On Site Despite Protests

(Photo: Greenpeace)

A BP drilling rig reached its destination in the North Sea on Wednesday after 11 days of delays due to Greenpeace protests over climate change, the activist group said.The 40,000-metric-ton Paul Loyd JNR left Cromarty Firth, north of Inverness, Scotland last Friday, after…

Delek Nearing Deal for Chevron's North Sea Fields

Israel's Delek Group is close to clinching Chevron's oil and gas fields in the British North Sea, which have a price tag of around $2 billion, sources familiar with the matter told Reuters.Delek, via its North Sea oil and gas operator Ithaca Energy, could reach an agreement within days, two of five sources said.U.S.

Chrysaor to Buy ConocoPhillips’ UK Assets

Judy in the J-Area (Photo: ConocoPhillips)

Chrysaor has reached a deal to acquire ConocoPhillips’ oil and gas exploration and production assets in the UK for $2.675 billion, the companies announced on Thursday.Full-year 2018 production and year-end 2018 proved reserves associated with the assets being sold were approximately 72…

Babcock Wins BW Catcher Contract

BW Catcher FPSO (Photo: BW Offshore)

Babcock said it has been awarded a four-year framework contract for brownfield fabrication and modification projects on the BW Catcher, a floating production, storage and offloading vessel (FPSO) owned by BW Offshore. The scope of the contract includes engineering, onshore…

High Impact Exploration on The Rise

In the first few weeks of 2019 there have been four high impact discoveries of conventional oil and gas, finding 25% of the high impact volume discovered globally in the whole of 2018.According to Westwood Insight, one of these discoveries, Glengorm in the UK North Sea…

Lundin Granted North Sea Drilling Permit

The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for a wildcat well in the North Sea.The NPD said on Tuesday that the wildcat well, designated 16/1-31 S, would be drilled from the Leiv Eiriksson drilling rig after concluding the…

Glengorm Discovery Highlights UKCS Potential

Topsides being installed in 2018 at the Culzean field (Photo: Total)

CNOOC announced Tuesday it has made a significant discovery on the Glengorm prospect, located in the Central North Sea of the U.K. continental shelf (UKCS), with recoverable resources estimated at close to 250 million barrels of oil equivalent.The exploration well was…

Subsea 7 Wins Shearwater Deal from Shell

Offshore engineering and construction specialist Subsea 7 has won an EPCI contract from Royal Dutch Shell for the Shearwater Fulmar Gas Line (FGL) Re-Plumb project, located approximately 140 miles east of Aberdeen in the UK central North Sea.The engineering, procurement…

Chrysaor Sets Sights on Chevron's North Sea Assets

Private equity-backed oil firm Chrysaor has hired advisers ahead of talks to buy Chevron's British North Sea oil and gas fields for over $2.5 billion, industry and banking sources said.Chrysaor has signed up investment banks Jefferies and BMO for the discussions as a deadline for bids approaches before Christmas…

Chevron Gets Green Light for Captain EOR

Captain (Photo: Chevron)

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 extend the life of the long-producing Captain field in the U.K.

Serica Energy Restarts Production at Erskine Field

Serica Energy said that efforts to remove gas hydrates in pipeline between Erskine and the Lomond platform had been successful and it  has resumed production for the first time since January." Production from Erskine has restarted and flow rates are being optimised. Further…

High-End Seismic Imaging Solves Shallow Gas Challenges

This slice, at a depth of 595 m through the Q model, clearly highlights the extent of the Peon gas field (image courtesy of CGG Multi-Client & New Ventures)

The latest Q modeling, and Q-compensating imaging techniques bring greater clarity to Northern Viking GrabenCGG has recently completed seismic depth imaging of its entire Northern Viking Graben multi-client survey, in the Norwegian North Sea. The latest visco-acoustic…

Semco Maritime Extends Maersk Innovator Cantilever

Maersk Innovator  (Photo: Semco Maritime)

Maersk Drilling’s ultra-harsh environment jack-up Maersk Innovator is now heading for operation at the Buzzard field in the Central North Sea following a six-week yard stay at Invergordon, during which main contractor Semco Maritime has extended the cantilever alongside…

Petrofac Secures Well Engineering Contracts

Photo: Petrofac

Petrofac has strengthened its global Well Engineering contracts portfolio following a series of award wins worth a combined value of around $20 million.Petrofac secured an exclusive five-year Well Operator Services contract from independent Exploration & Production company…

M2 Subsea Wins Premier Oil Contract

Mike Arnold (Photo: M2 Subsea)

Remotely operated vehicle (ROV) services provider M2 Subsea has said it has secured a contract to provide inspection services for Premier Oil’s Balmoral Floating Production Vessel (FPV).M2 Subsea, which has bases in Aberdeen and Houston, will carry out the 2018 inspection of the vessel’s hull…

Statoil sells non-core asset on UK Continental Shelf

Statoil has agreed to sell its 17 percent non-operated interest in the Alba oil field on the UK Continental Shelf (UKCS) to Verus Petroleum. Alba is an oil field in the UK Central North Sea that Statoil entered in 1995 and which is operated by Chevron. To date, it has produced around 420 million barrels of oil.

Bibby Offshore Scores Contract Hat-Trick with Supermajor

Polaris (Photo: Bibby Offshore)

Subsea services provider Bibby Offshore announced three individual multimillion dollar contract wins with an oil and gas supermajor. The initial contract will see Bibby Offshore complete riser replacement works including a production/test riser and riser buoy connector pipe changeout at one of the major’s oil fields…