Transocean is to scrap two idle rigs and has idled three others as contracts have been dropped, while others have been extended. The floaters M.G. Hulme, Jr. and GSF Rig 140 were classified as held for sale. Transocean says these rigs will be recycled…
Centrica has awarded a string of contracts to FMC Technologies, Subsea 7 and Aker BP / Maersk Drilling, for its Oda field development in the Norwegian sector of the North Sea. The Oda oil field (previously called Butch) was discovered in 2011…
Chevron has canceled a US$1.8 billion floating production and storage offloading (FPSO) newbuild order with Hyundai Heavy Industries (HHI) that was destined for the supermajor’s Rosebank deepwater project in the North Sea. Illustration of the FPSO…
OMV has entered a deal to sell its UK subsidiary, OMV UK, to Siccar Point Energy for up to US$1 billion in a move that will see the Austrian company give up its stake in the Chevron-operated Rosebank deepwater project in the North Sea. Image from OMV…
Canada's Suncor Energy has closed a deal to acquire a 30% stake in the UK North Sea Rosebank project from Austria's OMV. Suncor has made an initial payment of US$50 million. In the event the co-venturers approve the Rosebank project final investment decision and Suncor elects to participate…
Transocean has won a contract for the Transocean Barents harsh environment, ultra deepwater floater with Suncor Energy, offshore Canada. The 15-month contract has been set at a dayrate of US$260,000. The estimated contract backlog, excluding mobilization is $119 million…
Shell Canada is moving on to its next prospect in the Shelburne basin, offshore Nova Scotia, after failing to find commercial hydrocarbons at its first exploration well in the program. Map of the Shelburne basin exploration project…
Canada's Suncor Energy is to acquire a 30% stake in the UK deepwater North Sea Rosebank project from Austria's OMV. The move will see OMV reduce its stake from 50% to 20% in what is a massive, challenging, deep water, very harsh environment…
Suncor Energy's latest exploration well close to to the Balder field has been classified as dry by the Norwegian Petroleum Directorate. Exploration well 25/10-14 S was drilled on production license 571 near the Balder field offshore Norway…
Germany's Wintershall has made a minor oil discovery on the Syrah exploration well in the Norwegian sector of the North Sea. The operation, in production license 248, included wild cat well 35/11-18, targeting Middle Jurassic rocks in the Brent group…
Operator Centrica Energy Norway and partners have decided that the Butch discovery in the Norwegian sector of the North Sea will be developed as a subsea tie-in to the Ula field. With the selected subsea tie-in concept the Butch well…
Suncor Energy will plug and abandon the Niobe exploration prospect after failing to find significant hydrocarbons, according to partner Trap Oil. Niobe is located in license P.1989, in Blocks 12/26b and 27b in the UK North Sea. The…
Suncor Energy Norge's Niobe exploration well has been classified as a dry well, according to the Norwegian Petroleum Directorate. The well, 25/10-13 S, in production licence 571, was drilled in 119mm water depth, in the central part of…
Suncor Energy began operations at the Niobe exploration prospect in the UK North Sea, according to partner Trap Oil. Niobe map. From Suncor. Niobe is located in license P.1889…
The Norwegian Petroleum Directorate (NPD) granted Suncor Energy a drilling permit for the wildcat well 25/10-13 S in the central North Sea. Well 25/10-13 S, located in production license 571, will be drilled from Dolphin Drilling's Borgland Dolphin semisubmersible…
