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Faroe reports successful Agar/Plantain exploration well

2 mins ago DieselGasoil Comments Off on Faroe reports successful Agar/Plantain exploration well
11/15/2018 ABERDEEN — Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce a successful result with the Agar/Plantain exploration and appraisal well in license P1763 (Faroe 25% of Agar/Plantain, 12.5% of the wider license), located in the UK Continental Read More

Cairn offers a UK Norway update, discovery and farm out

2 mins ago DieselGasoil Comments Off on Cairn offers a UK Norway update, discovery and farm out
11/15/2018 EDINBURGH — Cairn announces the following; An oil discovery on the 9/14a-17B well and associated side-track on the Agar-Plantain Prospect in the UK North Sea. Farm out agreement for a 40% non-operated interest of the Chimera prospect in the UK North Sea. Commitment exploration well in the UK North Sea targeting the Ekland prospect Read More

Repsol to re-use existing North Sea platform

12 hours ago DieselGasoil Comments Off on Repsol to re-use existing North Sea platform
By Mikael Holter on 11/15/2018 OSLO (Bloomberg) — Oil companies have pushed through draconian cost cuts during the recent industry slump, but they’re not done yet.  Spain’s Repsol unveiled plans to re-use its Gyda platform in Norway’s North Sea on another field, an unprecedented step for a fixed installation, according to the head of Repsol’s Read More

PGS: Preferred tenderer for vessel sale and long-term cooperation with JOGMEC in Japan

17 hours ago DieselGasoil Comments Off on PGS: Preferred tenderer for vessel sale and long-term cooperation with JOGMEC in Japan
November 15, 2018; Oslo, Norway: PGS has as part of a tender process offered to sell the Ramform Sterling to the Japan Oil, Gas and Metals National Corporation (“JOGMEC”) an incorporated administrative agency of Ministry of Economy Trade and Industry. PGS has now been informed that the Company is the preferred tenderer, and negotiations will Read More

Faroe-operated rungne exploration well results show good, bad

1 day ago DieselGasoil Comments Off on Faroe-operated rungne exploration well results show good, bad
11/14/2018 NORWAY — Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announces the results of the Faroe-operated Rungne exploration well 30/6-30 in the Norwegian North Sea (Faroe 40% working interest). The well encountered a 56 m gross (17 m net) gas/condensate column Read More

Conoco considering North Sea asset sale by year end

1 day ago DieselGasoil Comments Off on Conoco considering North Sea asset sale by year end
By Will Kennedy, Dinesh Nair, Kiel Porter and Alex Nussbaum on 11/14/2018 LONDON (Bloomberg) — ConocoPhillips plans to invite bids by the end of the year for its remaining North Sea assets, which could be valued at up to $3 billion in a sale, according to people with knowledge of the matter. The assets, which Read More

When pigs fly: Norway panics after foreign soldier brings bacon to NATO war games

1 day ago DieselGasoil Comments Off on When pigs fly: Norway panics after foreign soldier brings bacon to NATO war games
NATO’s recent drills were designed to intimidate potential adversaries, but there was a fiercer enemy working behind the scenes: bacon. Norwegian authorities panicked after a foreign soldier brought in pork from his home country. There’s always someone who doesn’t follow the rules. While the 50,000 soldiers from 31 NATO and partner countries apparently knew they Read More

PGS Awarded Large Contract in South America

2 days ago DieselGasoil Comments Off on PGS Awarded Large Contract in South America
November 14, 2018: Oslo, Norway, PGS (or the “Company”) has entered into a contract for a 3D survey in South America for an undisclosed client. PGS plans to use two Ramform Titan-class vessels for an estimated total duration of approximately 13 vessel months. Acquisition is scheduled to start in the second half of November and Read More

Kremlin’s long arm? Norway says it’s ‘aware Russia jammed’ GPS after glitches at massive NATO drills

2 days ago DieselGasoil Comments Off on Kremlin’s long arm? Norway says it’s ‘aware Russia jammed’ GPS after glitches at massive NATO drills
The Norwegian military have accused Russia of meddling with the Scandinavian nation’s GPS during NATO’s Trident Juncture military drills – a day after similar, evidence-free allegations came from Finland’s PM. Some of the troops from 31 countries participating in NATO’s recently-concluded Trident Juncture drills – the alliance’s largest military exercises in decades – reportedly experienced Read More

Oil slumps 7 percent to one-year low as rout extends to 12 days

2 days ago DieselGasoil Comments Off on Oil slumps 7 percent to one-year low as rout extends to 12 days
NEW YORK (Reuters) – Oil’s slide accelerated on Tuesday, with U.S. futures suffering their steepest one-day loss in more than three years due to ongoing worries about weakening global demand and oversupply. FILE PHOTO: A general view of the drilling platform, the first out of four oil platforms to be installed at Norway’s giant offshore Read More