North Sea oil news

The Lancaster field, offshore the West of Shetlands area, is Hurricane’s most appraised asset, with five wells drilled by the company to date.

NUI, the, Norwegian independent hyperbaric research and test facility, has agreed to purchase two very large hyperbaric pressure chamber systems from Optime Subsea.

Craig International has reported growth in its USA operations, whilst securing a new UK contract with BP.

One of the oldest platforms on the Norwegian continental shelf, Statfjord A, operated by Equinor, was originally scheduled to be shut down in 1999.

Adjusted earnings were US$4.19 billion in 1Q19, down from US$4.41 billion in 1Q18. Adjusted earnings after tax were US$1.54 billion, up from US$1.47 billion in the same period last year.

Oceaneering International Inc. has secured a new drilling and completion support contract for integrated services with Wintershall Norge AS.

Craig International will source and supply products for maintenance, repair and operations at Spirit Energy’s onshore and offshore sites in the UK.

A new technique to monitor the long-term integrity of suspended or decommissioned oil and gas wells in the North Sea is in development via a collaborative project involving Sentinel Subsea, Heriot-Watt University and the Oil & Gas Innovation Centre.

Equinor has strengthened its operated position in the Njord area as a result of the transactions.

“Through this transformational acquisition, Noreco will become the second largest oil and gas producer in Denmark and establish itself as a considerable exploration and production company in the North Sea,” said Riulf Rustad, Chairman of the Board of Noreco.