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A North Sea oil and gas field discovered almost 40 years ago in 1975 has finally been given multi-million pound development approval after engineers broke new ground to overcome formidable technical challenges and the government provided new financial incentives.

The North Sea’s decommissioning phase has been a long-time coming, with production cessation dates perennially set back, and ultimate costs always based on estimates.

Ampelmann will provide one of its offshore access solutions to enable ‘walk to work’ for a commissioning campaign on Premier Oil’s Solan field, West of Shetland.

An abandoned offshore gas production platform sounds like the perfect place for a Bond villain to set up home but the Goldeneye rig could soon be licensed to thrill the North Sea oil and gas industry.

Statoil Petroleum AS, operator of the Gina Krog Unit, has completed the drilling of wildcat well 15/6-13 and appraisal wells 15/6-13 A and 15/6-13 B.

Noreco Norway AS, a subsidiary of Norwegian Energy Company ASA, has announced significant redundancies, as part of an overall cost reduction plan.

Negotiations to reopen Libyan oilfields are ongoing and the level of the country's production remains stable, a spokesman for the state National Oil Corporation (NOC) said on Monday.

Iraq's semi-autonomous Kurdistan region has ramped up independent oil sales since mid-June while cutting allocations to Iraq's state oil firm SOMO in an escalating dispute over export rights and budget payments.

Eni, together with its partners ENGIE (formerly GDF SUEZ) and Saka Energi Muara Bakau, signed today two agreements with PT Pertamina (PERSERO) for the purchase and sale of liquefied natural gas (LNG) coming from Jangkrik Fields Development Project, offshore Indonesia.