North Sea oil news

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.

Paul Allan, who has more than 10-years’ experience in delivering naval architecture and marine warranty surveying (MWS) to the oil and gas industry, has been appointed to the position by the Scotland-based firm.

Delek said it believed that if a deal is reached, it could be completed this year and would be financed through bank loans and its own resources.

The company’s offshore business unit has been awarded an extension to its existing contract with CNOOC Petroleum Europe Limited for the Scott platform.

Stuart Carter, head of oil and gas at Fieldfisher, looks at how law firms are responding to the market's changing needs.