Tag Archive

Light oil discovery in the Barents Sea

Light oil discovery in the Barents Sea

August 20, 2019 No Comments

Equinor and partners OMV and Petoro have made an oil discovery in the Sputnik exploration well in the Barents Sea. Recoverable resources are preliminarily estimated at 20-65 million barrels of oil. The Sputnik well was drilled in licence PL855, approximately 30 kilometres North East of the Wisting discovery. The well encountered a 15 metre oil […]

Africa Oil Announces Major Oil Discovery Offshore Guyana

Africa Oil Announces Major Oil Discovery Offshore Guyana

August 14, 2019 No Comments

Africa Oil Corp. (“Africa Oil” or the “Company”) is pleased to announce a significant oil discovery on the Orinduik Block, offshore Guyana. The Jethro-1 exploration well was drilled by the Stena Forth drillship to a final depth of 14,331 feet (4,400 meters) in approximately 1,350 meters of water. Evaluation of logging data confirms that the […]

Eni Announce results for the  half year 2019

Eni Announce results for the half year 2019

July 26, 2019 No Comments

Yesterday, Eni’s Board of Directors approved the Group results for the second quarter and first half of 2019 (unaudited). Group results Adjusted operating profit: €2.28 billion for the second quarter, down by 11% q-o-q (€4.63 billion in the first half, down by 6%). Excluding the impact of the loss of control over Eni Norge on […]

TechnipFMC Awarded Integrated EPCI (iEPCI™) Contract in the North Sea

TechnipFMC Awarded Integrated EPCI (iEPCI™) Contract in the North Sea

July 23, 2019 No Comments

TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract from Neptune Energy for the Seagull project, located in the Central North Sea. This contract is the second call-off under the recently announced five-year strategic global alliance agreement between TechnipFMC and Neptune Energy. TechnipFMC will manufacture, deliver […]

Equinor and OMV have signed two MoU’s

Equinor and OMV have signed two MoU’s

June 26, 2019 No Comments

Equinor and OMV have signed two memorandums of understanding (MoU) to cooperate on both the Wisting development in the Barents Sea and the concept development for the Hades/Iris discovery in the Norwegian Sea. Both MoUs were signed this week by Arne Sigve Nylund, Equinor’s executive vice president for Development and Production Norway, and Johann Pleininger, […]

Shell announces deep-water discovery in Gulf of Mexico

Shell announces deep-water discovery in Gulf of Mexico

April 24, 2019 No Comments

Shell Offshore Inc. (“Shell”), a subsidiary of Royal Dutch Shell plc, today announced a significant discovery at the Blacktip prospect in the deep water U.S. Gulf of Mexico. Evaluation is ongoing and appraisal planning is underway to further delineate the discovery and define development options. Shell announces deep-water discovery in Gulf of Mexico “Blacktip is […]

Total Makes Significant Discovery Offshore South Africa

Total Makes Significant Discovery Offshore South Africa

February 7, 2019 No Comments

Total has made a significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, 175 kilometers off the southern coast of South Africa. The Brulpadda well encountered 57 meters of net gas condensate pay in Lower Cretaceous reservoirs. Following the success of the main objective, the well was deepened […]

Gas and condensate discovery south of the Kristin field

Gas and condensate discovery south of the Kristin field

January 16, 2019 No Comments

Equinor has, together with its partners Petoro, ExxonMobil and Total, proven gas and condensate in the Norwegian Sea Ragnfrid North (6406/2-9 S) exploration well. Recoverable resources are estimated at 6-25 million barrels of oil equivalent. “We are pleased to start the new year by announcing a new discovery. Exploring for resources close to existing infrastructure […]

Hess Announces 10th Discovery Offshore Guyana

Hess Announces 10th Discovery Offshore Guyana

December 3, 2018 No Comments

Hess Corporation (NYSE:HES) today announced a tenth discovery offshore Guyana at the Pluma-1 well on the Stabroek Block. As a result of this new discovery and further evaluation of previous discoveries, the estimate of discovered recoverable resources for the Stabroek Block has been increased to more than 5 billion barrels of oil equivalent, up from […]

Equinor sells its 77.8%  interest in the King Lear discovery for USD 250 million

Equinor sells its 77.8% interest in the King Lear discovery for USD 250 million

October 15, 2018 No Comments

Equinor has signed an agreement with Aker BP to sell its 77.8% operated interest in the King Lear discovery on the Norwegian Continental Shelf (NCS) for a total of USD 250 million. “This transaction is a further example of our strategy of capturing value from active portfolio management through the oil price cycles. We are […]

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