INEOS has agreed to acquire a strong portfolio of natural gas assets in the North Sea from a UK subsidiary of DEA Deutsche Erdoel AG, which is part of the LetterOne Group. Image from INEOS. INEOS Upstream will acquire gas fields…
Hibiscus Petroleum is experiencing further delays at Sea Lion prospect offshore Australia due to weather delays, according to partner 3D Oil Ltd.'s (TDO). The drilling of the Sea Lion-1 exploration well has been further delayed due to continuing…
UK-based ASCO Group is to provide supply base services for Austrian operator OMV's operations in the Norwegian Sea and Barents Sea. The contract, ASCO's first with OMV, will last three years from 1 January 2016 with two, one-year option periods…
Statoil, Eni Norge, Lundin Norway, OMV and GDF SUEZ will team up to collaborate on solving operational tasks tied to exploration in the Barents Sea. Image from Statoil. The project…
The House of Lords EU Committee has today called for a Ministerial Conference of North Sea countries to ensure a holistic approach is developed to managing the environmental challenges and economic opportunities in the North Sea. The…
Electromagnetic Geoservices (EMGS) entered into a US$2.5 million data licensing agreement with an oil company for the provision of 3D EM data related to the 23rd licensing round in the Barents Sea. EMGS's multi-client data library in Norway now covers 44…
Electromagnetic Geoservices (EMGS) has signed a data licensing agreement with a customer worth US$3.5 million for the provision of 3D EM data from EMGS's multi-client data library in the Barents Sea. 'It satisfying to note that our multi…
Cyprus-based Deep Sea Supply has won multiple contract awards with an international major subsea contractor covering about 1000 vessel days. The three paltform supply vessels of PX105 design Sea Spider, Sea Springer and Sea Spark have been awarded contracts for ten…
Rosneft began production from the northern tip of the Chayvo field, located off northern Sakhalin Island. Rosneft President Igor Sechin said that Chayvo will produce about 1.5 million tons of oil annually, with the northern tip of the…
Dolphin Geophysical has been awarded an industry first ever 16 streamer 3D seismic contract for an undisclosed client in the Kara Sea. The contract has a duration of approximately three months and will start in Q2 2015. Dolphin will…
ExxonMobil began exploratory drilling operations in the Kara Sea’s Universitetskaya structure in the East Prinovozemelskiy area on 9 August, defying Western-imposed sanctions against Russian state-owned Rosneft. Drilling on the Universitetskaya-1 well…
Engineering and project management group AMEC has been awarded the front end engineering and design contract for a tension leg platform for Premier Oil's Falklands Sea Lion development. AMEC will be responsible for the design of the 30…
The US Federal Aviation Administration announced approval for the first commercial drone flights over land in the US and the start of operations in Alaska earlier this week. BP plc signed a five-year contract to use drones for its oil operations in Alaska…
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…
Deep Sea Supply has agreed a deal to buy 10 platform support vessels (PSVs) for US$366 million. The move will increase the firm's fleet from 30 to 40 vessels. Deep Sea Supply says the 10 PSVs will achieve attractive cash break even rates…
