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31 January 2018 BP today announced two new exploration discoveries in the North Sea. The discoveries are Capercaillie, in Block 29/4e in the Central North Sea, and Achmelvich, in Block 206/9b west of Shetland. BP is 100% owner of Capercaillie and the Achmelvich well partnership comprises BP (operator, 52.6%), Shell

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Company NewsEurope

February 1, 2018 The West Hercules semi-submersible rig has been contracted for drilling two exploration wells in the Barents Sea in 2018, and options to drill another five exploration wells. Statoil and the licence partners have signed a contract with North Atlantic Norway Ltd for use of the 6th generation

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25 January 2018 Petrobras joins the international representation of OGCI OGCI brings together 10 major oil and gas companies, representing over 25% of global oil and gas production   The Oil and Gas Climate Initiative (OGCI) and Petróleo Brasileiro S.A. (Petrobras) today announced that Petrobras will join the initiative. This

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Company NewsUS

January 29, 2018 CHC group announced a new contract supporting Statoil, one of Brazil’s largest oil producers. The two-year agreement will support flying to Operational Area – BM-S-8 – in Santos Basis.The missions will be based out of Jacarepaguá and begin in February 2018. They will be supported by a

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Company NewsEurope

24.01.2018 The Norwegian Petroleum Directorate has granted Spirit Energy Norge AS a drilling permit for wellbore 35/9-14, cf. Section 15 of the Resource Management Regulations. Wellbore 35/9-14 will be drilled from the Songa Enabler drilling facility, at position 61⁰25′ 19.8727’’ North, 03⁰49’ 41.92’’ East after completing the drilling of wildcat

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Company NewsMiddle East and Africa

The fourth fast-track contract awarded to date in the past 24 months builds off McDermott’s successful track record in the Middle East McDermott to provide 13 jackets in the Zuluf, Marjan, Berri and Abu Safah fields offshore Saudi Arabia with a combined weight of 24,000 metric tons Back-to-back awards from

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Company NewsEurope

23 January 2018 Lundin Petroleum AB (Lundin Petroleum) is pleased to announce its 2018 development, appraisal and exploration budget which totals USD 1.05 billion and represents an 11 percent decrease on 2017 capital expenditure. The production guidance for 2018 is between 74 to 82 thousand barrels of oil equivalent per

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Company NewsEurope

January 19, 2018 Gazprom received through diplomatic channels a construction permit from the authorities of the Turkish Republic for the second string of the TurkStream gas pipeline’s offshore section stretching to the Turkish coast. “The TurkStream project is well underway. In accordance with the plan, it is carried out simultaneously

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Company NewsEurope

January 23, 2018   Statoil has, on behalf of the license partners, awarded EPC contracts for the delivery of subsea production systems and services for the Troll Phase 3 project in the North Sea and the Askeladd project in the Barents Sea, respectively, to Aker Solutions. The contracts have a

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Company NewsEuropeMiddle East and Africa

London & Dubai, 11 January 2018 ADES International Holding Ltd. (LON: ADES), the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, has successfully extended two existing contracts for Admarine II, Admarine IV and renewed its lease

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