Exclusives

While many upstream companies have pulled back from conventional offshore exploration and development activity, Eni has stuck to what it knows best, according to the company’s chief exploration officer.

The two companies have teamed up to push out a modular well completions system for the offshore oil and gas industry.

The Talamona manufacturing plant in Italy has been equipped with a completely automated production line as well as additive manufacturing capabilities.

An LNG tanker arrives at Skangas’ Pori Terminal in Finland.

Wartsila joins with Gasum to develop LNG distribution network for industrial sector.

Statoil, Johan Sverdrup, Eldar Sætre, North Sea, ONS, oil, offshore, Norway, costs

Development costs for Phase 1 of the project offshore Norway have fallen by 21%.

Deepwater International

Norway’s Polarcus has been hired to conduct a 3-D marine seismic survey offshore Egypt.

Various subsea equipment will be delivered throughout 2015 and 2016.

GE Oil & Gas has invested more than $20.5 million across its subsea manufacturing facilities in Montrose, Scotland, in a move to enhance its business’s test and assembly and manufacturing capabilities.

Ceona has successfully installed a 570-mt multiple pipelay vertical lay system (VLS) and twin 400-mt cranes onto its next-generation flagship asset, the Ceona Amazon.

Kosmos Energy is taking a fresh look at a handful of new and existing exploration prospects in frontier waters offshore Ireland, according to partner Europa Oil & Gas.

Exploration

The divestment is part of Centrica's drive to focus its oil and gas E&P activity on Britain, the Netherlands and Norway, Reuters reported.

The area where the workers were kidnapped is close to South Waziristan, part of the lawless Federally Administered Tribal Areas bordering Afghanistan, Reuters reported.

Maersk Oil has suffered a series of setbacks, first and foremost when Qatar chose not to extend its 25-year license to operate the giant Al Shaheen Field, Reuters reported.

Shell, which has been present in Iraq for over a century, has found only limited financial benefits in recent years from its involvement in Iraq's oil production, Reuters reported.

The two neighboring countries have already signed a deal to exchange older seismic data from the border zone, Reuters said.

Production

Discovered in 2000, the field was named after a 19th century Kazakh poet, Kashagan Kurzhimanuly. With its production difficulties, the field has lived up to its name, which means "restive, uncontrollable."

Rowan will supply two more rigs in late 2018 and Saudi Aramco will make a matching cash contribution, Reuters reported.

Overall reserves discovered in Mozambique's Rovuma Basin in recent years amount to about 85 Tcf, with enough gas to supply Germany, the U.K., France and Italy for nearly two decades, Reuters reported.

Denmark's minority government is currently bogged down in discussions of the 2017 budget., although energy and climate minister Lars Christian Lilleholt told Reuters the government is determined to find an economically viable solution for Maersk.

Argentina's YPF said on Oct. 28 it signed a deal with Norway's Statoil ASA (NYSE: STO) to study potential drilling sites offshore Argentina's Atlantic coast. The seismic tests will be undertaken in waters 500 meters (m) to 3,500 m deep.

Subsea Engineering

After meeting in August, Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin hope to remove some barriers preventing the development of a number of joint projects, especially the planned Turkish Stream gas pipeline under the Black Sea. 

The Norwegian Petroleum Directorate is facilitating a competition in hopes of strengthening its technological expertise and capacity.

Subsea technology provider Forum Energy Technologies (UK) Ltd. has unveiled a deepwater test facility and received industry accreditation for the calibration laboratory at its new European Operational Centre in Aberdeen. 

The Irish government has offered 14 new licensing options in the Irish offshore following the conclusion of the 2015 Atlantic Margin Licensing Round.

Hansa Hydrocarbons has taken its first steps into the Danish offshore sector with the provisional award of two new licences in the country’s seventh licensing round.

Technology

The risk of accidents in Norway's oil industry rose in 2015 after reaching record lows in 2014, a survey by the Nordic country's safety administration showed earlier in 2016, Reuters reported.

Croatia's indictment said former Prime Minister Ivo Sanader received 10 million euros (US$10.6 million) as a bribe from MOL's CEO and chairman, Zsolt Hernadi, to allow MOL to have a dominant role in Croatia's energy firm, INA.

Under the terms of the deal, Britain’s Siccar will pay OMV $750 million in cash and a further $125 million once a long-awaited final investment decision is made on the Chevron-operated Rosebank Field.

BP Ventures, the corporate venture division of BP Plc (NYSE: BP) and Silicon Microgravity Ltd. (SMG), have formed an advisory board to explore future cooperation around borehole microgravity logging technology for use in oil and gas exploration, SMG said in a news release.

Danish energy group Dong Energy plans to quit the oil and gas business to focus solely on offshore wind power, adding to billions of dollars of North Sea oil and gas assets already up for sale.