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Regional News: North Sea

 
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Independent Gets Cronx Extension
Thursday, December 18, 2014 Independent Oil & Gas reports that the UK government has extended the Cronx license by 12 months and that it expects to complete the acquisition of Cronx by June 30 next year.

Det norske Appoints New Head of Projects
Thursday, December 18, 2014 Det norske oljeselskap appoints Olav Henriksen as its new head of projects.

Norway's Statoil Approves $610M North Sea Development
Tuesday, December 16, 2014 Statoil will spend $610 million to develop its small Gullfaks Rimfaksdalen gas and condensate field in the North Sea, going ahead with the project despite low oil prices.

Amec Foster Wheeler Buys Scopus Group
Monday, December 15, 2014 Amec Foster Wheeler buys Scopus Group a precision engineering company that services the global oil and gas industry.

Aker Wins Mariner Hook-Up Engineering Contract
Monday, December 15, 2014 Aker Solutions wins $188 million award from DSME to provide engineering services for the hook-up phase of the North Sea's Mariner oilfield development.

  



Norwegian Oil Firm Noreco to Restructure
Monday, December 15, 2014 Noreco proposes a restructuring as low oil prices and persistent production problems at its key assets threaten its ability to remain a going concern.

Huntington Field Restart Delayed Until 'At Least' Dec 18
Monday, December 15, 2014 Production from the Huntington field in the UK North Sea is further delayed due to an incident during the restart of the CATS riser platform.

Talisman Sinopec Closes North Sea Platform Ahead Of Storm
Wednesday, December 10, 2014 Talisman Sinopec Energy UK closes its Buchan Alpha platform in the North Sea, the company said, ahead of an expected severe winter storm.

Xana Well Spuds Offshore Denmark
Tuesday, December 09, 2014 Noreco Energy reports that drilling is underway on the Xana exploration well offshore Denmark.


UK Treasury Reveals More Details of Oil, Gas Fiscal Reform
Thursday, December 04, 2014 HM Treasury issues more details of plans to reform the UK's oil and gas tax regime.

UK Chancellor Announces More Tax Breaks for Oil, Gas Industry
Wednesday, December 03, 2014 UK Chancellor of the Exchequer George Osborne announces further tax breaks for the offshore oil and gas industry in his Autumn Statement.

Wintershall Pays $1.25B for Stakes in Norwegian Oil, Gas Fields
Monday, December 01, 2014 Wintershall buys stakes in several Norwegian oil and gas fields from Statoil for $1.25 billion.

Statoil Defers Decision on $5.7B Oil Recovery Project
Monday, December 01, 2014 Norway's Statoil has postponed a decision to invest 40 billion crowns ($5.74 billion) in a mature field, saying that it needed more time to refine the project as its profitability was under threat.

Statoil Picked to Operate Johan Sverdrup Field
Friday, November 28, 2014 Statoil will operate the giant Johan Sverdrup oilfield in the Norwegian sector of the North Sea.

North Sea Industry Calls for Tax Reform from UK Chancellor
Tuesday, November 25, 2014 North Sea oil and gas firms see fiscal reform of the sector as a "top priority" for the UK government ahead of the Chancellor's Autumn Statement.

Faroe Completes Sale of Glenlivet Stake
Tuesday, November 25, 2014 Faroe Petroleum sells its 10-percent stake in the West of Shetland Glenlivet field for $15.7 million.

Ineos Hires To Expand Into North Sea Oil And Gas Production
Monday, November 24, 2014 Ineos is looking to expand into North Sea oil and gas production by hiring a number of senior and mid-level staff, according to its website.

Maersk Gets Extension from Hess for Resolute Rig
Monday, November 24, 2014 Denmark's Maersk Drilling receives an estimated $75-million extension to its contract with Hess Corporation for the Maersk Resolute rig.

Snoozebox Wins Workforce Hotel Deal with Premier Oil
Friday, November 21, 2014 Snoozebox to provide an 80-bedroom temporary workforce hotel to Premier Oil.

Statoil To Keep Up Exploration Spending Despite Falling Oil Prices
Wednesday, November 19, 2014 Statoil will keep exploration drilling high in 2015 and plans to approve a new project this year, even as oil prices trade at 4-year lows, Ivar Aasheim says.

Shell To Revisit Norway's Ormen Lange Gas Project In 2016
Wednesday, November 19, 2014 Shell could restart work on offshore compression at its Ormen Lange gas field in Norway in the first quarter of 2016, after stopping the project in April, it says.