Harbour Energy – Wintershall DEA deal creates ‘challenger’ to Aker BP
Harbour Energy (LON: HBR) shares have jumped after announcing an $11.2bn mega-deal for Wintershall DEA - in a pivot away from the UK sector.
Lundin
Westwood: Harbour Energy one of just two IOCs to finish 2022 with lower share price
A new report from Westwood Global Energy Group has laid bare the impact of the UK Government's fiscal tinkering on Harbour Energy's (LON: HBR) share price in 2022.
Norway records seven commercial discoveries in year to date
Westwood Global Energy reports that there were two exploration and one appraisal wells active as of July 28. Key wells in July include frontier play tests at Stovegolvet and Stangnestind, both of which completed. A total of 17 exploration wells have completed to date in 2021, from which seven commercial discoveries have been made giving a 41% commercial success rate to date.
Norway activists take fight on Arctic oil drilling to European Court
Climate activists that failed in their attempt to stop oil and gas drilling in Norway’s Arctic are taking the case to the European Court of Human Rights.
Petronas gives IPC full ownership of Bertram field off Malaysia at no cost
Canadian-based International Petroleum Corporation (IPC) has taken full control of the Bertam field offshore Peninsular Malaysia.
One in three success rate for Norwegian explorers so far in 2021
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.
Productive year for Norwegian explorers
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 top court rejects climate groups’ Arctic oil appeal
Norway’s top court dismissed an attempt by climate activists to halt Arctic oil exploration by Western Europe’s biggest petroleum-producing nation.
PSA Norway launch investigation after 26.5t pipe dropped on board mobile drilling facility
Norway’s offshore health and safety watchdog has launched an investigation after a “serious” incident on board a mobile drilling facility.
Wood, Lundin and Carbon Tracker on road to net-zero
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 signs farm-out in South Africa
Africa Energy has signed farm-out agreements on Block 2B offshore South Africa, with Panoro Energy and Azinam.
Africa Oil goes it alone in Nigeria deal
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.
Lundin reports small Norwegian North Sea discovery
Swedish firm Lundin Petroleum has made an oil discovery at the Goddo prospect in the Norwegian North Sea.
TechnipFMC wins huge contract with Lundin
TechnipFMC has been awarded a contract from Lundin for the Luno II and Rolvsnes development in the Norwegian North Sea.
Lundin completes production testing on appraisal well in Barents Sea
Lundin Petroleum has completed extended production testing at its Alta appraisal well 7220/11-5 in the southern Barents Sea.
Drilling under way on Lundin’s Alta field
Swedish oil firm Lundin Petroleum said today that drilling had commenced on the Alta discovery in the southern Barents Sea.
Lundin Petroleum to make dividend payments after record year in 2017
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 reveals $1billion budget
Lundin Petroleum outlines plans for its $1.05billion for 2018.
Lundin spuds Barents well
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.
Lundin’s Hufsa well in Barents Sea a dud
Swedish oil firm Lundin Petroleum said today that its Hufsa prospect in the Barents Sea was "non-commercial".
Lundin to drill Barents Sea wildcat well
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%.
Lundin’s Barents Sea wildcat well a failure
Swedish firm Lundin Petroleum's Borselv well in the Barents Sea is dry, Norwegian authorities said today.
Lundin tests wider potential for Alta discovery
Ludin Norway drilled a series of appraisal wells to scope out the wider potential of its Alta oil and gas discovery.
Lundin to drill fresh Alta well
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%.
Lundin gets green light to use Leiv Eiriksson drilling facility
The Norwegian offshore safety authority has given Lundin Petroleum permission for exploration drilling in the Barents Sea.