Suncor Energy Norge received consent from the Petroleum Safety Authority Norway to drill at exploration well 34/4 in the Norwegian Sea. The well is located in the Suncor-operated production license 375, in Block 34/4. Drilling will begin this month for a period of 154 days…
Norway's Ministry of Petroleum has welcomed interest in its latest Awards in Pre-defined Areas licensing round, despite the expection that future discoveries in the area will be smaller than in the past. Stakes in some 54 new production…
Newfoundland and Labrador’s latest exploration licensing round has resulted in a $559 million bid led by ExxonMobil – the largest bid in the province’s history for a single parcel. ExxonMobil bid as part of a consortium with Canada’s…
China's CNOOC has announced first oil on the US$3.3 billion UK North Sea Golden Eagle Area Development (GEAD). The development, comprising separate production and wellhead platforms and two subsea production systems, is producing about 18…
Mayank Ashar joins Cairn India as its new managing director & chief executive officer effective 17 November 2014. Ashar brings with him more than 36 years of experience in the international oil and gas industry. In his earlier assignments…
Watch as Nexen’s video gives insight into the four-day operation needed to lift and install the production, utilities and quarters (PUQ) deck for the Golden Eagle area development offshore, approximatley 70km northeast of Aberdeen…
Nearly 50 companies have made applications for licenses in the Norwegian government's lates licensing round. The deadline for applications ended September 2. Norway's Ministry of Energy and Petroleum said applications had been received…
Suncor Energy resumed production at the Terra Nova oil field, located approximately 350km southeast of St. John’s, Newfoundland, Canada, the company reported on 3 September 2014. Production resumed following planned maintenance on the field’s FPSO facility…
The ExxonMobil-operated Hebron oil field hit a milestone in late July when the gravity based structure (GBS) was towed from the dry dock to the project’s Bull Arm construction site. The 180,000-tonne structure arrived 10 hours after tow-out operations began…
UK-based explorer Trapoil has agreed a deal with private equity firm Prostar Capital, which could see Trapoil help Prostar sweep up undervalued North Sea assets. According to Trapoil, Prostar’s management believes that there is considerable value in the North Sea…
The Platform Services division of global drilling and engineering company KCA Deutag agreed on a multi-million dollar contract with ExxonMobil Canada Properties for work on the Hebron heavy oil development project. The contract for drilling…
The Norwegian Ministry of Petroleum awarded 24 licenses in the country’s 22nd licensing round. The offerings include 20 production licenses in the Barents Sea and four in the Norwegian Sea. The agency granted 29 companies shares—including ConocoPhillips…
Lebanon's Petroleum Administration has revealed the results of a pre-qualification process to select companies who will be able to bid in its first offshore exploration round. Of 54 companies applying to take part, 46 have been approved to bid in the round…
Suncor Energy resumed production at the largest of three drill centers at the Terra Nova complex, off Newfoundland, following the completion of dockside maintenance. A second drill center was connected in January and is currently being commissioned.
Hebron estimated to hold 700 million barrelsThe Hebron Gravity Based Structure (GBS), is the 4th offshore development offshore Newfoundland. The project is to be sanctioned in 2012, and start-up is expected in 2017.On December 31st, 2012…
