Canadian-based International Petroleum Corporation (IPC) has taken full control of the Bertam field offshore Peninsular Malaysia.
Westwood Global Energy reports that there were five exploration well programmes active on the Norwegian Continental Shelf as of February 24. A total of three exploration wells have completed to date in 2021, from which one commercial discovery was made with total resources of c. 57 mmboe, giving a 33% commercial success rate.
Westwood Global Energy reports that there were four exploration well programmes active as of December 28. Three exploration well programmes were spudded in December and two exploration programmes completed.
Norway’s top court dismissed an attempt by climate activists to halt Arctic oil exploration by Western Europe’s biggest petroleum-producing nation.
Norway’s offshore health and safety watchdog has launched an investigation after a “serious” incident on board a mobile drilling facility.
In the age of the Great Energy Transition, oil and gas companies face a dual challenge; to reduce operational emissions whilst keeping up with growing energy demand they will need to increase both asset performance and lifetime. With increasing numbers of incumbent O&G players making net-zero commitments, the sector will increasingly be judged both by their cost per barrel / cubic feet AND their carbon footprint per barrel.
Africa Energy has signed farm-out agreements on Block 2B offshore South Africa, with Panoro Energy and Azinam.
Africa Oil will go it alone in the acquisition of stakes in major fields offshore Nigeria after its partners, Delonex Energy and Vitol Investment Partnership, both withdrew.
Swedish firm Lundin Petroleum has made an oil discovery at the Goddo prospect in the Norwegian North Sea.
TechnipFMC has been awarded a contract from Lundin for the Luno II and Rolvsnes development in the Norwegian North Sea.
Lundin Petroleum has completed extended production testing at its Alta appraisal well 7220/11-5 in the southern Barents Sea.
Swedish oil firm Lundin Petroleum said today that drilling had commenced on the Alta discovery in the southern Barents Sea.
Swedish exploration and production firm Lundin Petroleum has announced it will start paying dividends after reporting record cash flows in 2017 due to a recovery in the price of oil.
Lundin Petroleum outlines plans for its $1.05billion for 2018.
Lundin Petroleum this morning confirmed it had kick-started drilling of exploration well 7219/12-3 on the Hurri prospect in PL533 in the southern Barents Sea.
Swedish oil firm Lundin Petroleum said today that its Hufsa prospect in the Barents Sea was "non-commercial".
Norway has given Swedish firm Lundin permission to drill a wildcat well in the Barents Sea. The Leiv Eiriksson rig will carry out the drilling campaign on licence area 533. Lundin operates the licence and holds a 35% stake. Aker BP also has 35% while DEA has 30%.
Swedish firm Lundin Petroleum's Borselv well in the Barents Sea is dry, Norwegian authorities said today.
Ludin Norway drilled a series of appraisal wells to scope out the wider potential of its Alta oil and gas discovery.
Norway has granted Lundin a drilling permit for another well on the Alta discovery in the Barents Sea. The Leiv Eiriksson rig will drill the well. Lundin Norway operates the licence with a 40% stake. Idemitsu Petroleum and Dea Norge each hold 30%.
The Norwegian offshore safety authority has given Lundin Petroleum permission for exploration drilling in the Barents Sea.
Swedish operator Lundin has been reprimanded over safety failings at the Edvard Greig field in the central North Sea.
Lundin has been granted consent to drill an exploration well in the Alta prospect in the Barents Sea.
Ludin Norway has completed drilling a well to gauge the additional resource potential of its Edvard Grieg field in the Central North Sea.
Offshore drilling contractor Rowan Companies has picked up more work for its jack-up rigs in Norway, the Gulf of Mexico and Saudi Arabia.