Equinor is to sell its non-operated share in the Greater Ekofisk Area to Sval Energi, alongside a minority share in the Martin Linge field, as part of a $1 billion deal.
ConocoPhillips and its partners are targeting 90 million barrels of oil from a new North Sea development.
Norwegian E&P Vår Energi (VAR:NO) has reported pre-tax profits of $1.65 billion for Q1 2022, in its first quarterly results posting since its February 2022 listing.
ConocoPhillips has postponed new plans to deliver new assessments for further development of the Eldfisk Bravo area to Norwegian authorities by the end of the year.
ConocoPhillips has reportedly called for a two-year reprieve for further assessments of the Eldfisk Bravo area on the Norwegian Continental Shelf.
Aker Solutions' maintenance, modifications and operations (MMO) business in Norway secured two contracts for work at North Sea fields operated by ConocoPhillips.
ConocoPhillips said production has resumed from both the Eldfisk and Embla fields in the Norwegian North Sea. The fields had been shut down on New Year’s Eve along with the Valhall platform after a drifting vessel moved towards them.
ConocoPhillips has shut down output at its Eldfisk and Embla fields in the North Sea and is evacuating staff from its Eldfisk platform due to the threat of a drifting barge hitting its installations.
ConocoPhillips has been given the green light to extend the lifetime of the Eldfisk oil field in the North Sea.