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Shipping capacity of Russian Arctic sea route to top 80 million tons in five years

2 weeks ago DieselGasoil Comments Off on Shipping capacity of Russian Arctic sea route to top 80 million tons in five years
The Russian Minister of National Resources and Environment Dmitry Kobylkin said cargo shipping in Russia’s northernmost territorial waters will exceed 80 million tons as soon as 2024. “We started with five million tons of cargo, and today we see shipments of up to 35 million tons. But the potential capacity is much bigger than this Read More

Norway’s Labor Party rises against oil exploration in Arctic’s Lofoten islands

2 weeks ago DieselGasoil Comments Off on Norway’s Labor Party rises against oil exploration in Arctic’s Lofoten islands
By Mikael Holter on 4/7/2019 Photo: Jonas Gahr Støre, leader of the Labor Party and Leader of the Opposition, Norway. OSLO (Bloomberg) — Norway’s opposition Labor Party, the country’s biggest force in Parliament and a long-time backer of the industry, decided on Saturday to stop pushing for oil exploration offshore the sensitive Lofoten islands in Read More

EMGS – Vessel update and activity for the first quarter 2019

3 weeks ago DieselGasoil Comments Off on EMGS – Vessel update and activity for the first quarter 2019
Electromagnetic Geoservices ASA (the “Company” or “EMGS”) releases information on vessel activity and utilisation 4-5 working days after the close of each quarter. The Company defines vessel utilisation as the percentage of the vessel charter period spent on proprietary or multi-client data acquisition. Downtime (technical or maritime), mobilisation, steaming, and some standby activities are not Read More

Petroleum Activity in the High North report shows significant value in Barents Sea

3 weeks ago DieselGasoil Comments Off on Petroleum Activity in the High North report shows significant value in Barents Sea
4/3/2019 Director Bente Nyland presents the report “Petroleum Activity in the High North” in Hammerfest. Photo: Norwegian Petroleum Directorate. STAVANGER — The Norwegian Petroleum Directorate has presented the report Petroleum Activity in the High North. The report places the petroleum activity in the High North into a historical, international and technological framework. “We hope the Read More

Prospekteringsborrning slutförd på strukturen Gjøkåsen Deep i södra Barents hav

3 weeks ago DieselGasoil Comments Off on Prospekteringsborrning slutförd på strukturen Gjøkåsen Deep i södra Barents hav
Lundin Petroleum AB (Lundin Petroleum) meddelar att dess helägda dotterbolag Lundin Norway AS (Lundin Norway) har slutfört prospekteringsborrning 7132/2-2 på strukturen Gjøkåsen Deep i PL857 i södra Barents hav. Borrningen var torr. Målsättningen för borrningen, vilken var den andra som genomförts på strukturen Gjøkåsen, var att påvisa kolvätepotential i bergart från tidig och sen triasperiod Read More

Exploration well completed on the Gjøkåsen Deep prospect in the southern Barents Sea

3 weeks ago DieselGasoil Comments Off on Exploration well completed on the Gjøkåsen Deep prospect in the southern Barents Sea
Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed exploration well 7132/2-2, targeting the Gjøkåsen Deep prospect in PL857 in the southern Barents Sea. The well was dry. This is the second well on the Gjøkåsen structure, where the main objective was to prove the hydrocarbon Read More

Equinor receives consent for exploration drilling in Barents, North Sea

4 weeks ago DieselGasoil Comments Off on Equinor receives consent for exploration drilling in Barents, North Sea
3/28/2019 Transocean Spitsbergen. Photo: MarineTraffic. STAVANGER — The Petroleum Safety Authority of Norway has given Equinor Energy consent to drill exploration well 16/5-7 in production license 502 in the North Sea. Well 16/5-7 is to be drilled north-west of the Utsira High in the North Sea, southwest of Johan Sverdrup and north-east of Sleipner. The Read More

EMGS receives Letter of Intent

1 month ago DieselGasoil Comments Off on EMGS receives Letter of Intent
Electromagnetic Geoservices ASA (“EMGS” or the “Company”) has today received a letter of intent for a fully pre-funded multi-client survey in the Norwegian Barents Sea. The total value of the letter of intent is approximately USD 2.5 million. The Company will mobilise the vessel Atlantic Guardian to carry out the survey, and expects to complete Read More

Awilco Drilling PLC: Contract signed with Keppel FELS for the building of second new semi-submersible drilling rig

1 month ago DieselGasoil Comments Off on Awilco Drilling PLC: Contract signed with Keppel FELS for the building of second new semi-submersible drilling rig
Reference is made to the stock exchange release by Awilco Drilling PLC (“the Company”) on 8 March 2019 regarding the declaration of the first option rig. The Company is pleased to announce that its fully owned subsidiary Awilco Rig 2 Pte. Ltd. on 22 March 2018, signed a contract with Keppel FELS shipyard in Singapore Read More

Norway plans to expand Arctic oil exploration areas amid falling production

1 month ago DieselGasoil Comments Off on Norway plans to expand Arctic oil exploration areas amid falling production
Norway’s government is proposing to expand the area that will be offered for oil and gas exploration in the 2019 licensing round of acreage in mature areas, Petroleum and Energy Minister Kjell-Børge Freiberg said on Thursday. Norway plans to include a total of 90 new blocks in the so-called APA annual licensing round this year, Read More