British oil and gas executive Nick Walker has been named as CEO of Var Energi (OSLO:VAR), one of the largest producers in Norway.
Dutch oil service firm SBM Offshore said today it had reached a settlement with insurers for the Yme platform, which had to be scrapped amid structural concerns.
BP head of exploration Richard Herbert is leaving the oil major after slightly more than two years in the job, a period in which the company slashed spending on the search for new deposits.
The Norwegian Petroleum Directorate (NPD) has granted a drilling permit to Talisman Energy Norge. The permit is for well 15/12-24 S, which will be drilled from the Maersk Giant drilling facility, just north east of the Varg field in the central part of the North Sea. The drilling programme for well 15/12-24 S relates to the drilling of a wildcat in production licence 672, where Talisman Norge AS is the operator.