Westwood Global Energy reports that there were two exploration and one appraisal wells active as of July 28. Key wells in July include frontier play tests at Stovegolvet and Stangnestind, both of which completed. A total of 17 exploration wells have completed to date in 2021, from which seven commercial discoveries have been made giving a 41% commercial success rate to date.
North Sea engineering, procurement and construction (EPC) contract awards are anticipated to total more than $4 billion (£2.8bn) in 2021.
There are “too many rigs and too many players” in the drilling industry, Maersk Drilling CEO Jørn Madsen has said.
Maersk Drilling is to reactivate its Maersk Reacher jack-up rig after securing a $33.4 million (£24m) contract with Aker BP.
Maersk Drilling has secured a $19.5 million contract to provide its Maersk Integrator rig to Norwegian firm Aker BP.
Norway’s top court dismissed an attempt by climate activists to halt Arctic oil exploration by Western Europe’s biggest petroleum-producing nation.
A pilot project to remotely perform inspections on three of offshore cranes on the Norwegian Continental Shelf is ongoing.
Norwegian billionaire Kjell Inge Rokke, who built most of his fortune on oil and gas, says the time has come to start investing more heavily in renewable energy.
Maersk Drilling has been awarded an additional one-well contract with £16.5 million from Aker BP for the jack-up rig Maersk Integrator.
Maersk Drilling has clinched a one-well, £14.7 million contract with Tambar field operator Aker BP for the low-emission jack-up rig Maersk Integrator.
North Sea operators still have the “appetite” for high impact exploration over the coming 12-18 months, according to Westwood Global Energy Group, despite low success rates.
Nordic engineering firm Aker Solutions has agreed a multi-million pound contract extension deal with oil exploration company Aker BP.
Norway has been talking for years about weaning itself off oil, but the Covid-19 crisis has revealed how far it has left to go.
Norway has said it will soon decide whether to cut its oil production to help support plummeting prices.
Aberdeen head-quartered service company Tendeka will take on a multi-million-pound contract to supply sand-face completion equipment to Aker BP’s Norwegian assets.
Maersk Drilling has secured a £19.6 million contract extension from Aker BP for the ultra-harsh environment, jack-up rig Maersk Integrator.
Aker Solutions and Subsea 7 will deliver the second phase of the Aerfugl project off Norway for Aker BP.
Archer Platform Drilling has announced its success in obtaining an extension deal from Aker BP for two North Sea platforms.
Oil exploration firm Aker BP has made a significant oil discovery in the Norwegian section of the North Sea near the UK border.
The Pioneering Spirit vessel has removed the original accommodation platform for the Valhall field in the Norwegian North Sea.
The Norwegian Petroleum Directorate (NDA) has granted Equinor a drilling permit for a section of the North Sea.
Energy industry heavyweights and a climate change leader will share the stage during the plenary session of SPE Offshore Europe 2019.
North Sea operators must treat oilfield service (OFS) firms with care or they could end up becoming “second-class clients” in a tightening market, an industry figure has said.
The Petroleum Safety Authority Norway (PSA) has urged Aker BP to "learn lessons" from an incident in which a walkway struck the edge of a landing platform, causing damage.
The Norwegian Petroleum Directorate (NPD) has announced more than 30 firms have been awarded ownership in its "largest ever" licensing round.