ConocoPhillips developing new North Sea project targeting 90 million barrels
ConocoPhillips and its partners are targeting 90 million barrels of oil from a new North Sea development.
norway
Equinor to transfer operatorship of North Sea field to AkerBP
Norwegian energy giant Equinor has reached an agreement to transfer the operatorship of the Krafla field to AkerBP.
Gallery: FPSO ‘nearly there’ for Shell Pierce redevelopment in UK North Sea
The FPSO for the Shell Pierce gas expansion project in the UK North Sea is “nearly there” with its refurbishment work.
ConocoPhillips eyes 80 years of production from North Sea oilfield
ConocoPhillips has been granted licence extensions to one of its major North Sea oil hubs – which could see its production life reach nearly 80 years.
New Norwegian tax proposals will help spur offshore investment
In February, the Norwegian Ministry of Finance announced a consultation on the proposal that Norway extend its taxing rights. This would include non-resident companies undertaking certain offshore activities in renewable energy.
‘Significant discovery’ uncovered at Equinor operated Kveikje exploration well
Longboat Energy has confirmed oil has been uncovered at the hotly tipped Kveikje exploration well, operated by Norwegian energy giant Equinor (OSLO: EQNR).
Norway Well Slot- Time to Rokke n’Roll
As of 25 March, Westwood Global Energy reports that there is one appraisal well and four exploration wells active. Three exploration wells are in the Northern North Sea and one in the Norwegian Sea. The appraisal well is in the Norwegian Sea. One exploration well programme has completed since the last report, with the Statfjord Kile well P&A dry. A total of four exploration wells have completed to date in 2022 and none have been successful.
OEUK issues stark energy security warning as Norway becomes UK’s primary gas supplier
The amount of gas the UK imports from Norway has outstripped domestic supplies for the first time, a key industry study has found.
28,500 workers poised for strike action at Norwegian yards
Workers in Norway’s offshore fabrication and engineering sectors may strike this week, unless a new deal over wages and conditions can be reached.
Norwegian government gives green light to Equinor to increase gas production
Norway is to up its production of gas in an effort to help Europe wean itself off supplies from Russia.
Noble execs get top billing with Maersk Drilling merger
Noble Corp. and Maersk Drilling have set out the executive team that will lead the new company, confirming Noble’s Robert Eifler as president and CEO.
Pandion Energy to double production as it buys ONE-Dyas Norway operation
Minnow Pandion Energy is to more than double its daily production after buying the Norwegian operations of ONE-Dyas.
Subsea 7 bags FEED contract with Equinor for North Sea project
Subsea 7 has been picked to carry out a front-end engineering and design (FEED) study for an oil and gas project offshore Norway.
Neptune Energy to go ‘beyond net zero’ by 2030
Neptune Energy has announced it aims to store more carbon than it emits from its operations and the products it sells by 2030.
High and volatile oil prices for the next five years, BofA forecasts
Brent oil prices average $60-80 per barrel until 2027, BofA Global Research has said in a new report, suggesting high prices are here to stay – at least in the medium term.
Norway moves forward with offshore wind auction
The Norwegian government has fleshed out plans for its 4.5GW offshore wind auction, confirming its intention to split one tranche into two 1.5GW phases.
Equinor hails ‘record’ earnings for Q4 2021 as European energy prices skyrocket
Equinor has hailed “record adjusted earnings” in Q4 of 2021 as European energy prices reached unprecedented levels.
Vattenfall, Seagust team up for Norway offshore wind bid
Vattenfall and Norwegian company Seagust have formed a joint venture to bid for offshore wind areas in Norway’s upcoming licensing rounds.
Aker Solutions profits surge as it aims for ‘record high order intake in 2022’
Engineering giant Aker Solutions has reported healthy profits in its 2021 results and sees potential for orders to reach “record high” levels in the coming year.
Equinor blazes the subsea drone stations trail
Six years ago, Equinor began a journey towards the creation of standardised docking infrastructure for subsea drones, a new class of vehicle with the potential to revolutionise robotic support in the oil & gas and maritime renewables sectors worldwide.
Aramco picks up Aker BP stake in Cognite
Saudi Aramco has bought a 7.4% stake in Norway’s Cognite, a software company.
Norway well slot: Three exploration wells active
Westwood Global Energy reports that there were three exploration wells active as of 24 January. One exploration well has spudded and completed in 2022.
‘ScotWind £700m should be used to create Scottish sovereign wealth fund’
The ScotWind licencing announcements on January 17th were certainly a welcome and hugely material vote of confidence in the future of the offshore energy sector in the UK.
Who won what? Norway dishes out 53 licences in oil and gas exploration round
Norway has dished out 53 licences in its latest round of awards for oil and gas exploration.
Cost of subsea tie-backs to surge £4.8billion in global market leader Norway
The world’s top market for subsea tie-backs will take an inflation-driven cost increase of £4.8billion on upcoming contract awards through to 2026.