Latest North Sea Stories

-- Project Continues Strategic Transformation of the Noble Fleet ZUG, Switzerland, May 14, 2013 /PRNewswire/ -- Noble Corporation (NYSE: NE) today announced that the Company has been awarded a drilling contract by Statoil for a newbuild ultra-high specification jackup for use in the United Kingdom sector of the North Sea. The initial contract is for four years and is anticipated to commence during the third quarter of 2016. The total estimated value of the four year primary term...

First-quarter production growth driven by 45% increase in North American onshore liquids HOUSTON, May 9, 2013 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) reported first-quarter earnings of $698 million, or $1.76 per diluted common share, and adjusted earnings*, which exclude certain items that impact the comparability of operating results, of $806 million or $2.02 per share. During the first quarter, worldwide production increased to 781,819 barrels of oil equivalent...

HOUSTON, April 30, 2013 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced that its Tonto oil field in the United Kingdom sector of the North Sea commenced production on April 24, 2013. Tonto-1, the first producing well, came on stream at an initial rate of 10,346 barrels of oil per day. Apache holds a 100-percent working interest in the Tonto Field. (Photo: http://photos.prnewswire.com/prnh/20130430/DA04072) Tonto-1 was drilled as a deviated well from the...

HOUSTON, Feb. 19, 2013 /PRNewswire/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) reported today that its subsidiary, Northern Offshore U.K. Limited, was awarded a contract with ADTI for the jackup Energy Endeavour. The contract, for operations in the UK Sector of the North Sea, is for a one-well program with an expected duration of sixty days, and is scheduled to commence mid June 2013. The estimated contract value for the expected term is approximately US$9.3 million. Gary W....

HOUSTON, Feb. 14, 2013 /PRNewswire/-- Endeavour International Corporation (NYSE: END) (LSE: ENDV)("Endeavour" or the "Company") announced today that its Board of Directors has authorized the Company's management team to explore a broad range of strategic alternatives to further enhance shareholder value. Tudor, Pickering, Holt & Co. and Lambert Energy Advisory Ltd. have been engaged as the Company's financial advisors in this process. Endeavour will consider a full range of...

COATESVILLE, Pa., Feb. 7, 2013 /PRNewswire/ -- Sikorsky Global Helicopters (SGH) today announced delivery of the first of 16 completed S-92(®) helicopters that the Avincis Group will use to provide transportation for its customers' offshore oil and gas crews and for search and rescue. The aircraft order announced in February 2012 is the largest single purchase of S-92 helicopters to date, known for their robust design, safety features and performance especially in harsh environments...

University of Stavanger The northward shift of Norway's oil industry means it must adjust to temperatures down to -30°C, storms, sleet and snow, and drift ice; and to the blackest night "Try to imagine changing a tyre in freezing weather, snow and darkness," says professor Tore Markeset, a specialist in cold climate technology at the University of Stavanger (UiS). That is his way of visualizing the challenges facing oil companies seeking to produce oil and gas from the far north of...

HOUSTON, Nov. 1, 2012 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) said today that it has been awarded petroleum exploration acreage that will provide opportunities to find new resources near its core operations in the United Kingdom sector of the North Sea as well as a new entry in the Equatorial Margin play fairway offshore of the Republic of Suriname. "Adding acreage to bolster Apache's drilling inventory in the North Sea and securing a high-potential exploration...

Met Third Quarter Production Guidance and On-Track to Meet Annual Production Guidance CALGARY, Oct. 25, 2012 /PRNewswire/ - Nexen Inc. (TSX, NYSE: NXY) today reported third quarter operating and financial results and provided an update on strategic priorities. Production volumes averaged 181,000 barrels of oil equivalent per day (boe/d), a decrease from second quarter production of 213,000 boe/d. This reflects the scheduled downtime associated with the turnarounds at Buzzard,...

HOUSTON, Oct. 19, 2012 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today adjusted net income (a non-GAAP measure) for the third quarter of 2012 of $322 million or $0.73 per diluted share. This compares to adjusted net income of $1.18 per diluted share for the third quarter of 2011, and $1.00 per diluted share for the second quarter of 2012. Adjusted net income for the third quarter of 2012 excludes an after-tax charge of $28 million ($0.07 per diluted share)...