An exploration and production firm has achieved the “incredible achievement” of delivering first oil from its flagship North Sea field on time and within budget. This has only just started the work in developing “considerable resources” at Lancaster field, to the west of Shetland, Hurricane Energy said. Due to its naturally fractured basement reservoirs, London-headquartered Hurricane was set to deliver hydrocarbons. Discovered in 2009, Lancaster is believed to hold recoverable...Continue Reading

Offshore drilling contractor Seadrill is considering to sell their non-core assets which include its 15.7% stake in oil service firm Archer. This is to reduce their liabilities, according to the firm’s chief financial officer. Controlled by Norwegian billionaire John Fredriksen, Seadrill emerged from the U.S. Chapter 11 bankruptcy proceedings last year. In order to repay their remaining debts and liabilities, the company is betting on the offshore oil market’s recovery....Continue Reading

According to Rystad Energy, crude and lease condesate production in the North Sea is set for lower levels in the coming months for summer. This further tightens the global oil market which is already grappling with several production declines in Iran and Venezuela, OPEC’s cuts and a contamination issue that shut down Russian pipeline supplies to Europe. The energy firm also said North Sea production is restricted to a total...Continue Reading

In Claymore offshore platform located in the UK North Sea, the production has been temporarily shut down. Repair work is being carried out by the operator Repsol Sinopec Resources UK on the valve of the export pipeline from the platform to the onshore Flotta terminal in Scotland. There was a reported leaking of the hydraulic fluid from the valve. According to a spokesman from Repsol Sinopec Resources UK, the repairs...Continue Reading

Aker BP has been given a consent by Norwegian PSA to use the Deepsea Nordkapp mobile drilling facility. This is to help to plug production wells of Jette Field. This will involve permanently plugging the two production wells on Jette field or North Sea based on the given consent. Work is scheduled to begin by May 2019 and may take 57 days for it to complete. Source: Oil and Gas...Continue Reading