Shell has its sights set for Arctic exploration this year by spending US$1 billion, after being absent since 2012. Ben Van Beurden. From Shell. The supermajor announced in its 4Q 2014…
Middle East and North Africa focused oil and gas exploration and production firm Circle Oil is the latest to announce it has received a debt repayment from the Egyptian government. The company received US$15 million, as part of the recent…
Newly formed Circle Group has acquired Stavanger WellPartner, an equipment and services company servicing the Norwegian subsea, completion and intervention markets. The deal is Circle Group’s first acquisition and the foundation for the Well Service division…
How much does Russia’s oil and gas industry stand to lose in light of increasing Western sanctions? Sarah Parker Musarra reports. In April 2014, the first oil produced from the Russian Arctic Shelf…
Arctic-ready facilities: meeting the engineering challenge for a new era of offshore exploration. Mark Manton explains. The Sable South Centre module being loaded ready for installation at the Sable Offshore Energy Tier II Compression Project…
Major oil and gas companies have several challenges to face when it comes to operating in the Arctic. Won Ho Lee and Piotr Szalewski, both DNV GL principal engineers, discussed some of these challenges at the company’s annual Technology Week last month…
DVN GL gives a wider look at the issues and risks oil and gas companies face when operating in the Arctic. Several experts in the Arctic, and Norwegian oil and gas community weigh in on what needs to be done to have success in the area…
The Aasta Hansteen project, one of biggest and most complex industrial projects in Europe, is on schedule to begin production in 3Q 2017, says Statoil. Statoil, which made a presentation about the project at ONS, in Stavanger, this week…
ONS, Stavanger: The world’s need for energy is driving interest in further industrial activity in the Arctic, yet the region’s conditions are highly variable depending on the type of activity, location and time of year. This creates a complex risk picture…
Subsea 7 has selected BMT Scientific Marine Services (BMT), a subsidiary of BMT Group, to supply the riser monitoring system for the Aasta Hansteen Spar, about 300km off the coast of Norway. The integrated system includes an innovative…
Geoscience firm CGG and Russia's Sovcomflot have agreed to form a joint venture company dedicated to conducting high-end 3D marine seismic acquisition services with a focus on Arctic and sub-Arctic waters. The joint venture, to be called Arctic Geophysical Exploration (AGE)…
Rosneft reported today that the Arctic Research and Design Center (ARDC) has completed its 2014 winter ice field studies, the largest expedition in the Arctic Ocean. The ARDC is a joint venture of Rosneft and ExxonMobil, supported by the…
Circle Oil has started drilling exploration well EMD-1 on the offshore Mahdia Permit using the drillship PetroSaudi Discoverer. The well is near existing producing fields, including the Tazerka, Birsa, Oudna, and Halk El Menzel oil fields…
Greenpeace activists who boarded the semisubmersible drilling rig Transocean Spitsbergen (pictured) 300km offshore Norway are now in the hands of Norwegian police, says Statoil. But, Greenpeace's ship, the Esperanza, has moved to the location where Statoil plans to drill…
Greenpeace activists this (Tuesday 27 May) morning boarded two oil rigs in an attempt to disrupt their planned deployment to areas within the Arctic Circle. A group of 30 activists in the Dutch port of IJmuiden occupied the GSP Saturn…
