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15 Dec 17
Norway: Aker BP submits development plans for three fields offshore Norway
Aker BP has submitted the Plans for Development and Operations (PDOs) for the Valhall Flank West, Aerfugl (formerly Snadd) and Skogul (formerly Storklakken) fields to the Norwegian Ministry of Petroleum and Energy, on behalf of the respective partnerships.
15 Dec 17
UK: Independent Oil and Gas granted extension of the Blythe Licence in the Southern North Sea
Independent Oil and Gas has announced that licence P1736 that contains the Blythe gas discovery has been extended by 12 months to 31st December 2018. The Blythe gas field contains 33 BCF of 2P reserves and is an important part of the combined Blythe and Vulcan Satellites hub developments.
15 Dec 17
UK: Statkraft sells 40 per cent share in Sheringham Shoal Wind Farm
Statkraft has signed an agreement to sell its stake in the Sheringham Shoal offshore wind farm to the UK fund manager Equitix. The agreed purchase price for the 40 per cent share is GBP 558 million.
14 Dec 17
UK: UKCS operating costs decrease by 14% in 2016 - falling for second consecutive year
Operating costs in the UK Continental Shelf (UKCS) dropped by 14% in 2016 with operators securing approx. £1.1 billion reductions in operating expenditure (OPEX).
14 Dec 17
Norway: Statoil awards long-term subsea contracts on the Norwegian continental shelf
Statoil has awarded new subsea maintenance framework agreements to Aker Solutions, TechnipFMC and OneSubsea. The contracts have a total estimated value of more than NOK 8 billion and a duration extending to 2023. In addition, the contracts include options for a total of 20 years.
14 Dec 17
Norway: Aker Solutions secures subsea services agreement with Statoil
Aker Solutions has secured a framework agreement to provide subsea services for Statoil-operated oil and gas fields offshore Norway. The contract has a fixed period of five years, starting in the first quarter of 2018, and contains five four-year extension options.
14 Dec 17
Norway: EMGS reports multi-client sales in the Barents Sea
Electromagnetic Geoservices (EMGS) has entered into data licensing agreements related to 3D CSEM multi-client data in the Barents Sea in Norway. The agreements represent combined revenues of approx. USD 1.4 million.
13 Dec 17
Norway to open acreage for offshore floating wind power
Norway plans to open one or two offshore regions for construction of floating wind turbines, the Ministry of Petroleum and Energy said in a statement on Wednesday.
13 Dec 17
UK: Forties pipeline shutdown costing £20 million per day
Oil & Gas UK, the leading representative body for the UK offshore oil and gas industry, reports that the current shutdown on the Forties Pipeline System is resulting in lost production worth around £20m per day.
13 Dec 17
Norway: Aker Solutions awarded Yme field contract
Aker Solutions has won an order from Maersk Drilling to modify the production module on the Mærsk Inspirer jack-up rig for the Repsol-operated Yme oil field offshore Norway. The order is valued at about NOK 1 billion.
13 Dec 17
Ireland: Europa Oil & Gas provides technical update on LO16/20, offshore Ireland
Europa Oil & Gas has announced an update on its 100% owned Licensing Option (‘LO’) 16/20 in the Slyne basin, offshore Ireland which lies adjacent to the producing Corrib gas field.



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