Tag Archive

Equinor sells two non-core NCS assets

Equinor sells two non-core NCS assets

December 28, 2018 No Comments

Equinor has completed the sales of two non-core discoveries on the Norwegian Continental Shelf (NCS) that were both announced in October 2018. The first sale, of a 77.8% operated interest in the King Lear discovery to Aker BP, was for a total of USD 250 million. The second, of non-operated interests of 42.38% in the […]

Total  invites NGOs to visit drilling operations

Total invites NGOs to visit drilling operations

December 11, 2018 No Comments

Total is ready to start its exploration campaign on the Guyane Maritime license, located 150 kilometers off the French Guyana coast, in the days following the arrival of the drilling ship on site, as authorized by the prefectoral decree dated October 22, 2018. Conscious of the questions that this campaign could raise, Total wishes to […]

Production start at Oseberg Vestflanken 2

Production start at Oseberg Vestflanken 2

October 15, 2018 No Comments

On 14 October the Oseberg Vestflanken 2 field in the North Sea came on stream. Remote-operated from the Oseberg field centre, the new Oseberg H platform is the first unmanned platform on the Norwegian Continental Shelf. Recoverable resources are 110 million barrels, and the project was delivered far below budget. “With Oseberg H we take […]

Wintershall Tasks Europe to secure future energy supply

Wintershall Tasks Europe to secure future energy supply

August 31, 2018 No Comments

Mario Mehren, CEO of Wintershall, Commented at Norway’s largest energy conference and exhibition, Offshore Northern Seas (ONS) in Stavanger. “Europe needs to be aware of its strengths and must tackle the new political and economic challenges in concert. Only through closely collaborating with our neighbors can we guarantee supply security today and in the future,” […]

U.S. To Hold Major Oil & Gas Lease Sale In August

U.S. To Hold Major Oil & Gas Lease Sale In August

July 16, 2018 No Comments

The U.S. Department of the Interior will hold an oil and gas lease sale for 78 million acres in the Gulf of Mexico on August 15, the department said in a press release. The amount includes all hitherto unleased areas in the U.S. section of the Gulf. This is the third offshore lease sale under […]

Plans for further development of the Troll field

Plans for further development of the Troll field

July 3, 2018 No Comments

Equinor and the partners in the Troll licence today submitted the plan for further development of the gigantic Troll field on the Norwegian continental shelf (NCS) to the Ministry of Petroleum and Energy. “The third phase of the Troll development realises 2.2 billion barrels of oil equivalent, it has a break-even of less than USD […]

Azinor Catalyst farms-out Agar Plantain to Cairn Energy

Azinor Catalyst farms-out Agar Plantain to Cairn Energy

June 14, 2018 No Comments

Azinor Catalyst Limited (“Catalyst”), the Seacrest Capital Group-backed E&P Company focused on the UK Continental Shelf, announced that, a subsidiary of Cairn Energy PLC (“Cairn”) has farmed-into Agar Plantain subject to customary regulatory and joint venture party consents. Catalyst also announces that it has signed a contract to secure the Transocean Leader to drill the […]

Plans To Unleash America’s Offshore Oil and Gas Potential

Plans To Unleash America’s Offshore Oil and Gas Potential

January 5, 2018 No Comments

U.S. Secretary of the Interior Ryan Zinke today announced the next step for responsibly developing the National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program) for 2019-2024, which proposes to make over 90 percent of the total OCS acreage and more than 98 percent of undiscovered, technically recoverable oil and gas resources […]

Oil & Gas UK’s efficiency chair commends oil and gas industry progress

Oil & Gas UK’s efficiency chair commends oil and gas industry progress

November 23, 2017 No Comments

The newly-appointed chair of Oil & Gas UK’s Efficiency Task Force has praised the work of over 100 industry champions in improving the global competitiveness of the UK Continental Shelf. At a recognition networking evening held in Aberdeen on Wednesday 22 November, ETF Chair Phil Simons outlined the ambitions of the pioneering task force as […]

Statoil Recruiting skilled workers on Norwegian continental shelf

Statoil Recruiting skilled workers on Norwegian continental shelf

July 14, 2017 No Comments

Statoil plans to recruit more than 50 skilled workers annually in the years ahead to ensure that the company has the right competence and capacity on the Norwegian continental shelf. “We believe it will be possible to maintain profitable and sustainable production at the current level on the Norwegian continental shelf up to 2030 and […]

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