Faroe Petroleum has informed that Total E&P Norge has started drilling at the Shango exploration well 25/6-5S (Faroe 20%), in the Norwegian North Sea.

Statoil has, on behalf of the Johan Sverdrup partnership, awarded a contract to ABB for land-based power supply to phase 1 of the Johan Sverdrup field.

The global offshore accommodation market has seen significant growth over the past five years, with PoB requirements increasing by 27% between 2009 and 2014, Douglas Westwood, an energy industry intelligence group, writes in it “DW Monday” report.

Oil prices have started to stabilize around $60 a barrel in past weeks and will continue to firm up, while crude demand will grow stronger, an adviser to Saudi Arabia's oil minister said on Sunday.

JX Nippon Oil and Gas Exploration Corporation (President and CEO, Shunsaku Miyake) is pleased to announce that its wholly owned subsidiary, JX Nippon Exploration and Production (U.

Providence Resources has applied for a 12-month extension to Licensing Option (LO) 13/04 which is located in the South Celtic Sea Basin, c.

The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for well 6706/12-3, in the Norwegian Sea.

Statoil Petroleum AS and Gassco AS have awarded the 2015 annual pipeline inspection contract to Fugro.

Wood Group has been awarded a contract by Statoil, on behalf of Gassco, for engineering modifications and upgrades to its Kollsnes process plant, west of Bergen, Norway, which processes gas from the North Sea fields.

Nexen, a subsidiary of China’s CNOOC and the operator of the Buzzard field in the UK North Sea, has informed that Buzzard has passed “a truly significant landmark by producing its 500 millionth barrel of oil.