Sunday, March 24, 2019

North Sea News

The Decommissioning, Marine Life Connection

A common ling, Molva molva, swims amongst an almost coral reef-like habitat created by oil and gas infrastructure. Image from Insite.

Data sharing and better understanding of how marine life interacts with manmade structures is the target for the next phase of the Insite program.What to do with offshore structures is a sticky problem for oil companies…

EnQuest to Focus on Cutting Debt as Profits Jump

(Photo: EnQuest)

North Sea focused oil producer EnQuest on Thursday committed to continue efforts to cut its $1.77 billion debt this year after reporting a jump in full-year profits on the back of increased…

Murphy Oil Sells Malaysian Assets

(Photo: TechnipFMC)

Murphy Oil Corp said on Thursday it is exiting Malaysia with the $2.13 billion sale of its oil and gas assets to a Thai company and will use the deal proceeds to pay down debt, buy…

Global Energy Takes Over Apollo Offshore

Image: Global Energy (Group) Limited

Global Energy Group, the provider of contract services to the oil and gas industry, has bought a majority stake in Aberdeen-based Apollo Offshore Engineering, forming a new contractor…

Aoka Mizu FPSO Hooks Up to Lancaster Field

Aoka Mizu FPSO (Photo: Hurricane Energy)

Hurricane Energy's floating production, storage and offloading (FPSO) vessel has been connected to the group's North Sea Lancaster oilfield, another milestone for the group as it seeks…

Norway to Offer More Arctic Exploration Blocks

© AValeri Belov / Adobe Stock

Norway plans to expand the offshore oil and gas acreage offered to companies under its annual licensing round in so-called predefined areas (APA), oil minister Kjell-Boerge Freiberg…

Rowan Rig Wins Repsol's Guyana Well Order

Image: Repsol en Guyana

The offshore drilling contractor Rowan announced that Repsol Exploracion Guyana, a unit of Spanish energy major Repsol, has signed a contract for the EXL II, a high-specification Super 116E Jack-up rig…

Wellesley Hits Dry Well in North Sea

Image: Transocean

Norwegian oil and gas exploration company Wellesley Petroleum has drilled another dry well in the Norwegian section of the North Sea, 220 kilometers northwest of Stavanger.The explorer…

Shell Bids to Build Dutch Offshore Wind Farms

© Michael Halberg / Adobe Stock

Royal Dutch Shell has teamed up with energy company Eneco and builder Van Oord in a bid to build two wind farms in the Dutch part of the North Sea, the companies said on Wednesday.The tender for the wind farms, with total cap

EnQuest Shares Slump to Three-year Low

(Photo: EnQuest)

British oil firm EnQuest's shares slumped to a three-year low on Tuesday after Cairn Energy, its partner in its flagship Kraken project, cut its estimate of the oilfield's reserves…

Norway Fund to Sell E&P Firms

© Inge / Adobe Stock

Norway's trillion-dollar sovereign wealth fund, the world's biggest, will sell its stakes in oil and gas explorers and producers but still invest in energy firms that have refineries and other downstream activities…

Chevron Expects 3-4% Annual Output Growth

© Adobe Stock

U.S. oil major Chevron Corp said on Tuesday it expects its annual production to grow in the range of 3 percent to 4 percent through 2023, boosted by strong performance in the country's top shale region…

Ineos to Upgrade Forties Pipeline

(Image: Ineos)

Billionaire Jim Ratcliffe's petrochemicals company Ineos said on Wednesday it would spend 1 billion pounds ($1.33 billion) on UK energy assets, including the Forties pipeline, which…

Spanish Port Hosts First LNG Operations

Pic: Port Authority of Ferrol – San Cibrao

The port of Ferrol hosted its first liquefied natural gas (LNG) bunkering operation recently which saw two ferries filled with LNG by Repsol in the port’s Mugardos terminal.Recently built by Turkish shipyard Tersan…

Vattenfall Bids for 750 MW Dutch Offshore Wind

Image: Vattenfall

European energy company Vattenfall has decided to participate in the 750 MW offshore wind tender for Hollandse Kust Zuid 3 & 4, in the Dutch part of the North Sea.The yearly production…

Gasum's Coralius Made 100th LNG Bunkering

Pic: Gasum

Nordic energy company Gasum said that its liquefied natural gas (LNG) bunker vessel, Coralius, made its 100th bunkering on February21. Coralius is operating on behalf of Gasum (former…

Partners Eye Conoco's North Sea Assets

(Photo: ConocoPhillips)

Italy's Eni has teamed up with private equity firm HitecVision to bid against Chrysaor for ConocoPhillips' North Sea oil and gas assets, sources close to the process said.Conoco relaunched…

Transocean: Ultra-deepwater Drilling Rates Could Double

© xmentoys / Adobe Stock

Rates for hiring offshore rigs to drill in ultra deepwaters such as the U.S. Gulf of Mexico could double over the next couple of years as the market recovers, the head of the world's…

Workers at Total's North Sea Platforms to Strike

file Image: CREDIT AdobeStock / © xmentoys

Workers at three of Total's North Sea oil and gas platforms will hold a series of strikes between March 11 and May 8, Britain's Unite union said on Tuesday.Unite members on the Elgin Franklin, North Alwyn and Dunbar platforms

RockRose Energy Acquires Marathon Oil

Andrew Austin. Photo: RockRose Energy

U.K.-based oil and gas firm RockRose Energy has signed a share purchase agreement to acquire 100% of Marathon Oil UK (MOUK), and 100% of Marathon Oil West of Shetland (MOWOS), from…