Premier Oil said on Thursday it will not acquire the additional 25% interest in the Tolmount gas project from South Korea's Dana Petroleum, while its creditors approved the acquisition of BP's North Sea assets under the amended terms.The UK…
Aberdeen-based Oil and gas company Dana Petroleum has awarded Norway's Ocean Installer a contract for work at the Triton Area Development, located in the Central North Sea, around 190 km east of Aberdeen.According to a press release, the award…
State-run Korea National Oil Corp (KNOC) has scaled back efforts to pull out of the British North Sea, focusing on the sale of its stake in the Tolmount gas project, three industry sources said.Heavily indebted KNOC earlier this year tried to…
Premier Oil found gas while drilling at the Tolmount East well in the North Sea, the company announced on Thursday.The 42/28d-14 well in P1330, Block 42/28d was targeting 220 BCF of P50 gross resource, in an undrilled area four kilometers east…
Partners Spirit Energy and Dana Petroleum will invest £140 million ($177 million) to extend the life of the Chestnut field in the UK North Sea by as much as three years.The companies announced on Friday that they reached a deal with Teekay to…
Faulty elements in the subsea network within the Greater Guillemot Area field were diagnosed and replaced within 24 hours of the start of a recent fault-finding campaign, subsea testing tools manufacturer C-Kore Systems said.The GGA area in…
State-run Korea National Oil Corp (KNOC) is considering upping the stake it is planning to sell in its British unit Dana Petroleum after failing to lure a buyer for the 30% previously on offer, banking and industry sources said.KNOC had hired…
It’s official. The North Sea rim is hiring again — in numbers.The independents, the supermajors, Oslo’s national oil champion and the supply chain are hiring 20-something’s looking for “dream jobs”. The oil minnows (super-experienced oil players with skeleton staffs) are also hiring all they need…
DNV GL has secured a three-year contract across the Dana Petroleum operated assets on the United Kingdom Continental Shelf (UKCS).DNV GL has worked with Dana Petroleum since 2012 with the development of the Western Isles floating production storage and offloading (FPSO) vessel…
Spirit Energy confirmed on Friday it it has taken over operatorship of the Babbage gas field in the U.K. North Sea, where it holds a 13 percent interest.The Europe-focused oil and gas operator has also taken on operatorship of the nearby Cobra licence…
Dana Petroleum's long delayed Western Isles development has produced first oil, it's been reported. The UK North Sea development has been brough on stream using a new-build Sevan-design cylindical floating production unit (FPSO) built at COSCO's yard in China…
CATS Management Limited (CML) has signed a heads of terms with Premier Oil and Dana Petroleum to develop the infrastructure for the Tolmount field in the Southern North Sea. CML and Dana Petroleum will jointly construct and own the Tolmount platform and export pipeline in equal shares…
Zennor Petroleum has completed the acquisition of interests in Petroleum Production License P359, in the UK North Sea, from Esso Exploration and Production UK. These interests comprise a 40.0002% working interest in Block 23/16b Area A (Arran North) and a 66…
Dana Petroleum's long delayed Western Isles cylindical floating production unit (FPSO) is finally set to start its journey to Europe in coming days, says designer Sevan Marine. The unit is being built at COSCO's yard in China and will…
EnQuest’s Eagle oil discovery in the Greater Kittiwake area (GKA) in the North Sea is getting some heat from Dana Petroleum, after the company said that EnQuest did not have the authority to drill the well. Image from EnQuest…
AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week
