Offshore news
Capricorn Norge receives drilling permit
The Norwegian Petroleum Directorate has granted the company a permit for well 35/8-7S in production licence 880.
Jersey Oil & Gas to lead Greater Buchan Area evaluation
The wider Greater Buchan Area in the UK North Sea contains discovered oil and gas resources in excess of 200 million boe.
Neptune Energy confirms discovery in UK Central North Sea
Hydrocarbons were encountered at the Isabella exploration well, with 64 m net pay encountered, consisting of lean gas and condensate and high-quality light oil.
CNOOC makes oil discovery in Bohai Bay
The Kenli 6-1 discovery is expected to be the first large-sized oilfield in the Laibei lower uplift.
Carnarvon Petroleum: Dorado field work progressing
Carnarvon Petroleum and Santos, the operator of the offshore Dorado field, are working on entering the FEED phase.
Majority of Norwegian continental shelf projects completed within budget, according to report
A review of 66 projects on the Norwegian continental shelf (NCS) between 2007– 2018 has revealed that most have kept their estimated costs.
Polarcus seismic project cancelled
An XArray™ marine seismic acquisition project due to be carried out in the Asia Pacific region has been cancelled.
TechnipFMC delays separation
The company's separation into TechnipFMC and Technip Energies has been delayed by the Covid-19 pandemic, the sharp decline in commodity prices, and the heightened volatility in global equity markets.
Apache Corp. reduces 2020 capital investment plan
Activity reductions are planned in the Permian Basin, Egypt and the North Sea.
OWI EU 2020: Positioning the North Sea as the global centre of excellence for offshore well intervention
A surge in offshore well intervention activity over recent years is helping the North Sea develop into a global centre of excellence for innovative oilfield services.