Tag Archive

DNO Increases North Sea Financing Facilities

DNO Increases North Sea Financing Facilities

November 18, 2019 No Comments

DNO ASA, the Norwegian oil and gas operator, announced that its wholly owned subsidiary, DNO North Sea plc, formerly Faroe Petroleum plc, has increased and extended its reserve based lending (RBL) facility and its exploration financing facility (EFF). As amended, the RBL facility limit has been increased from USD 245 million to USD 350 million. […]

Ithaca completes $2 billion Chevron North Sea deal

Ithaca completes $2 billion Chevron North Sea deal

November 11, 2019 No Comments

Ithaca Energy Limited (“Ithaca” or the “Company”) announced that it has completed the $2 billion acquisition of Chevron North Sea Limited (“CNSL”). The transaction provides a material and important step up in the scale and breadth of the Company’s asset base, adding ten additional producing field interests to the existing portfolio, along with a wider […]

Equinor discovers Oil and gas in the North Sea

Equinor discovers Oil and gas in the North Sea

November 6, 2019 No Comments

Equinor and partners ExxonMobil, Idemitsu and Neptune have discovered oil and gas in exploration well Echino South, 35/11-23, by the Fram field in the North Sea. Recoverable resources are estimated at 6-16 million standard cubic metres of oil equivalent, corresponding to 38-100 million barrels of oil equivalent. “We are making one of this year’s biggest […]

Chimera Well Update, UK North Sea

Chimera Well Update, UK North Sea

October 17, 2019 No Comments

Cairn, operator of UKCS licence P2312, has completed drilling of wildcat well 03/17a-3, known as Chimera. The objective of the well was to prove hydrocarbons in Paleocene Heimdal Sandstones within the Lista Formation.  The well is dry. The well was drilled to a vertical depth of 1,830 metres (m) below the sea surface and was […]

Equinor to develop the world’s largest offshore wind farm

Equinor to develop the world’s largest offshore wind farm

September 20, 2019 No Comments

UK authorities announced today, 20 September, that Equinor and its partner SSE were awarded contracts to develop three large scale offshore wind projects in the Dogger Bank region of the North Sea. This will be the world’s biggest offshore wind farm development with a total installed capacity of 3.6 GW. The projects are expected to […]

Utgard field on stream

Utgard field on stream

September 17, 2019 No Comments

On 16 September, Equinor and its partners started production from the Utgard gas and condensate field, spanning the Norwegian-UK border in the North Sea. The project is delivered without any personal injuries, ahead of schedule and 25% below the cost estimate. Recoverable Utgard resources are estimated at around 40 million barrels of oil equivalent (boe) […]

BP North Sea deploys Mars technology in world-first methane monitoring project

BP North Sea deploys Mars technology in world-first methane monitoring project

September 10, 2019 No Comments

BP’s North Sea business has successfully executed a groundbreaking pilot project testing innovative ways of remotely monitoring methane emissions on its offshore assets. The pilot, which combined highly advanced sensor technology originally designed by NASA for the Mars Curiosity Rover with a fixed-wing remote piloted air system (RPAS), or drone, broke the UK’s record for […]

Ancala Midstream secures multi-million-pound contract with Zennor

Ancala Midstream secures multi-million-pound contract with Zennor

September 5, 2019 No Comments

Ancala Midstream Acquisitions (“Ancala Midstream”) has secured a life-of-field contract to process the gas sourced from the Finlaggan field owned by Zennor Pathway (“Zennor”). The gas will be processed through Ancala Midstream’s Scottish Area Gas Evacuation (SAGE) terminal in St. Fergus, north east Scotland. The multi-million-pound contract with Zennor will help ensure the SAGE system […]

Shell upstream showcases future plans

Shell upstream showcases future plans

September 3, 2019 No Comments

Shel is investing $700-800 million in the UK Continental Shelf annually and Steve Phimister is confident this level of outlay will be sustained for the next few years. Mr Phimister, vice-president of Shell’s UK upstream business, highlighted the company’s ambitious drilling plans for the basin. Shell remains in the hunt for “bolt-on” acquisitions and farm […]

Wood secures contract extension with TAQA

Wood secures contract extension with TAQA

September 3, 2019 No Comments

Wood has been awarded a contract extension for engineering, construction and maintenance services on TAQA’s North Sea assets. Effective immediately, the 18-month extension builds on a previous agreement covering the Cormorant Alpha, Eider, Tern, North Cormorant and subsequently Harding offshore assets, and will see Wood’s activities continue to support these installations. The work will be […]

Tags: , ,
Page 1 of 2912345»1020...Last »