“Indigenous supply gives the opportunity for the lowest carbon footprint. We are operating in one of the highest regulated environments in the world,” the CEO said. Rhein trucks the oil to a local refinery, which Bottomley described as the “best possible” way in which to lower carbon.
As of 24 February, Westwood Global Energy reports that there are five exploration wells active, with four in the North Sea and one in the Barents Sea
Norway has handed out nearly 50 oil and gas exploration licences in a “gratifying” display of interest in the sector.
“Unless these are addressed, some companies will face an up-to 50% cut in their reserves-based lending capacity as facilities are reviewed over time by banks.”
In 2020, DNO took a £69 million charge on the value of Brasse, even while maintaining that the field was still commercial.
As of 19 December, Westwood Global Energy reports that there are three exploration wells active, with one in the Barents Sea, one in the Norwegian Sea, and one in the North Sea. One exploration well is suspended.
President Putin said Kovykta and Chayandinskoye could produce 50 bcm per year.
The Italian company said it would incorporate the well results into its evaluation of the area. Eni has its eye on a fast-track development in Block 6, it said.
Equinor has submitted plans to press ahead with the £385m Verdande oilfield in Norway.
Novatek noteholders have agreed to change the terms of a $1 billion Eurobond, letting the Russian company pay in rubles instead of US dollars.
As of 27 October, Westwood Global Energy reports that there are two exploration wells active, one in the Northern North Sea and one in the Norwegian Sea. Since the previous report, one exploration well program has completed.
The drive to secure additional energy supplies in the East Mediterranean was a rare case of hydrocarbons aiding, rather than hindering, a political agreement, Energean head Mathios Rigas said this morning.
Al Cook is trading up oil exploration with Equinor for hunting for diamonds in Africa with De Beers.
As of 26 September, Westwood Global Energy reports that there are two exploration wells active, one in the Northern North Sea and one in the Norwegian Sea.
As of 26 September, Westwood Global Energy reports that there are three exploration wells active, with one in the CNS and two in the NNS. Two appraisal wells are currently active in the CNS. One well completed at Diadem.
Chevron and partners have signed up to develop the Aphrodite field, offshore Cyprus, with drilling due to start in the first half of 2023, while political talks are continuing.
TotalEnergies has denied a role in fuelling Russian fighter jets in their attacks in Ukraine, in response to allegations published today by France’s Le Monde.
Eni (ENI:MI) and TotalEnergies (LON:TTE) have made a major gas find at the Cronos-1 well, in Block 6 off Cyprus.
Lukas Lundin, of the Lundin Group, has died at the age of 64 after a two-year struggle with brain cancer.
Neptune Energy has kicked off drilling on the Ofelia exploration well in the North Sea.
A Chevron team has visited Cyprus today to talk about developing the Aphrodite field, in the island’s exclusive economic zone (EEZ).
An explosion this morning at Kazakstan’s Tengiz oilfield has killed at least two workers, according to local reports.
Abu Dhabi’s Mubadala Petroleum has reached 500,000 barrels of oil equivalent per day, for the first time in its history.
Energean has shifted its AGM in London in response to a proposed demonstration around working conditions at its Greek oilfield.
Equinor and its partners have decided to invest NOK 9 billion (£746m) in the Halten East development area in Norway.