News Archive for: June 2012

The plans could however be thrown off course by BP’s oligarch partners in   joint venture TNK-BP, who have already thwarted the British oil major’s   plans for wider co-operation with Gazprom.

Gazprom said BP had “shown an interest” in extending the Russian company’s   Nord Stream pipeline to the UK . Nord…

Lundin Petroleum AB’s (Lundin Petroleum) wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed the Clapton exploration well 2/8-18S in PL440S. The well is located about 5 km east of the Eldfisk Øst Field and 10 km north of the Valhall Field in the North Sea.

The primary exploration…

Cairn Energy has taken a 15% stake in production licences PL497 and PL497B, on the Norwegian Continental Shelf, following a deal with Oslo-listed Bridge Energy.

Bridge said it had agreed to farm down half its original 30% interest in both licences to Cairn’s wholly owned subsidiary, Agora Oil & Gas.

In…

(Reuters) – Oil major BP (BP.L) said it agreed to sell its minority stakes in two North Sea fields to Japanese trading company Mitsui (8031.T) for $280 million (179 million pounds), as part of a plan to focus its portfolio in the…

The contract covers the installation of flexible flowlines, flexible risers, two production control umbilicals and risers, along with power cables and associated dynamic risers.

Technip will also procure, fabricate and install a 175 tonne manifold structure and carry out associated trenching operations, tie-ins, testing and commissioning.

The company’s operating centre in…