The chief operating officer of Maersk Drilling thinks companies like his taking “skin in the game” will be the future of the sector, moving away from commercial deals that put most of the risk on operators.
President Donald Trump’s top energy official said he’s confident that Russia won’t be able to complete the Nord Stream 2 gas pipeline in the Baltic Sea -- and signalled that the U.S. will press forward with its opposition to the project.
Tunisia has recently elected a new president, demonstrating the strength of its democratic institutions. The country’s hydrocarbons industry continues to struggle, though.
Equinor and Austrian oil firm OMV will work together on the Wisting development in the Barents Sea and the concept development for the Hades-Iris discovery in the Norwegian Sea.
Norwegian energy giant has submitted a new plan to the Norwegian Petroleum Directorate (NPD) to improve recovery of 17 million barrels from the Gullfaks field.
OMV will buy 20% of two offshore oil fields in Abu Dhabi, the Austrian firm said. It will pay $1.5billion for the stakes in Satah Al Razboot and Umm Lulu. OMV expects to sign on the dotted line with Abu Dhabi National Oil Company by the end of this month.
Tendeka has hired a new advanced completions director to help drive the commercialisation of its wireless intelligent completions technology, PulseEight.
Austrian oil producer OMV AG is poised to win a deal to produce oil from offshore fields in Abu Dhabi, according to people with knowledge of the situation.