North Sea oil news

Two years after Valemon came on stream Statoil has made a new gas discovery on the field, called Valemon West. The discovery is estimated to contain between 20 and 50 million boe.

British subsea companies are expecting to increase overseas activity in the next 12 months, according to a survey conducted by industry body, Subsea UK.

Bibby Offshore, the leading provider of subsea installation and services to the offshore oil and gas industry, is pleased to announce the long-term extension to the charter of its dive-support vessel (DSV) Bibby Topaz, owned by Volstad Maritime.

The Subsea Inspection Services will support underwater inspections of subsea pipelines, assets and facilities to energy companies operating offshore.

Chrysaor Holdings Limited, the UK oil and gas independent, is to acquire a package of assets in the UK North Sea from Shell UK Limited and its affiliates for a price of US$3.0 billion.

Lundin has received consent to carry out exploration drilling of well 16/1-27 on the Edvard Grieg field.

A new on-demand wireless ribbon lighting system has been launched following a collaboration between award-winning Scottish technology companies WFS Technologies Ltd and PhotoSynergy Ltd (PSL).

Subsea 7 has won the award of a subsea, umbilical, riser and flowline (SURF) contract by Maersk Oil. (Image: Maersk).

Statoil is the operator of the Norne field in the Norwegian Sea, west of Mo i Rana in Nordland county. The field has been developed using a floating production and storage unit, tied to the well templates on the seabed. Water depth at the Norne field is 380 m.

With UK subsea exports valued at almost £5 billion, Subsea UK is encouraging British firms to set their sights on international expansion to sustain long term growth.