Drilling & production

Summary includes new contracts, changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days.

NeoTork automatically manages torque generated from the drill bit and mitigates axial and torsional vibrations.

The field has been developed at a water depth of about 400 metres with two facilities on the sea bed.

Western Asset has said that the shifts in oil supply with reshape the energy market.

The CJ54 is the latest addition to the successful series of the GustoMSC cantilever drilling jack-ups (CJ-series).

Ecuador is the smallest oil producing member of the Organisation of the Petroleum Exporting Countries (OPEC).

UK fiscal regime being revamped to reflect the maturity of the UK basin.

Statoil is presenting the annual and sustainability reports for 2014, together with the new payments to governments report.

Statoil was the apparent high bidder on 14 leases in the Central Lease Sale.

A selection of responses to the recent UK budget announcement.

Statoil has been awarded new exploration acreage through the Aru Trough I licence offshore Indonesia.

Archer’s modular rig commences permanent plug and abandonment operations for Statoil.

Operator Statoil has together with PL218 partners made a gas discovery in the Snefrid Nord prospect in the Norwegian Sea.

BG Group is the operator of the field with a 45% working interest.

Vice-President Šefcovic discussed the EU Energy Union at the EUFORES 15th Inter-Parliamentary Meeting on Renewable Energy and Energy Efficiency.