Tag Archive

Cairn Announce UK Norway Update – discovery and farm out

Cairn Announce UK Norway Update – discovery and farm out

November 15, 2018 No Comments

An oil discovery on the 9/14a-17B well and associated side-track on the Agar-Plantain Prospect in the UK North Sea Farm out agreement for a 40% non-operated interest of the Chimera prospect in the UK North Sea Commitment exploration well in the UK North Sea targeting the Ekland prospect failed to encounter commercial hydrocarbons The next […]

Update !! : Operations resumes at Sture and Kollsnes

Update !! : Operations resumes at Sture and Kollsnes

November 8, 2018 No Comments

The Sture terminal and the Kollsnes plant resumed operations Thursday afternoon after being shut down in connection with the collision between the frigate KNM Helge Ingstad and the tanker Sola TS at the Sture terminal early Thursday morning. Also North Sea installations affected by the shut-down of the two onshore plants are gradually starting up […]

Serica Energy Acquires BHP Interests in Bruce and Keith

Serica Energy Acquires BHP Interests in Bruce and Keith

November 6, 2018 No Comments

Serica Energy plc (AIM: SQZ) announced that Serica Energy (UK) Limited (“Serica UK”) has signed a sale and purchase agreement (“SPA”) to acquire further interests in the Bruce and Keith fields and associated infrastructure in the UK North Sea (the “Transaction”). Under the SPA, Serica UK will acquire a 16.00% interest in the Bruce field […]

Canadian Natural Announces Quarterly Dividend

Canadian Natural Announces Quarterly Dividend

November 1, 2018 No Comments

Canadian Natural Resources Limited announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.335 (thirty-three and one half cents) per common share. The dividend will be payable January 1, 2019 to shareholders of record at the close of business on December 10, 2018. Canadian Natural is a senior […]

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 […]

Aker BP acquires King Lear discovery

Aker BP acquires King Lear discovery

October 15, 2018 No Comments

Aker BP has entered into an agreement with Equinor Energy to acquire its 77.8 percent interest in the King Lear gas/condensate discovery in the Norwegian North Sea for a cash consideration of USD 250 million. Karl Johnny Hersvik, CEO of Aker BP comments: “The King Lear discovery is one of the largest undeveloped discoveries on […]

Johan Sverdrup powered from shore

Johan Sverdrup powered from shore

October 9, 2018 No Comments

The Norwegian Minister of Petroleum and Energy, Kjell-Børge Freiberg, officially opened the power-from-shore solution which will provide the Johan Sverdrup field in the North Sea with electricity for more than 50 years. Power from shore makes Johan Sverdrup one of the most carbon-efficient fields worldwide. The giant development in the North Sea has been through […]

BP receives OGA approval to develop Vorlich field

BP receives OGA approval to develop Vorlich field

October 1, 2018 No Comments

BP announced that approval has been received from the Oil and Gas Authority (OGA) to proceed with the Vorlich development in the central North Sea, which will target 30 million barrels of oil equivalent, expected to produce 20,000 barrels gross of oil equivalent a day at peak. The £200 million project is part of a […]

TenneT contracts DNV GL to certify offshore power substations

TenneT contracts DNV GL to certify offshore power substations

September 26, 2018 No Comments

DNV GL, the world’s largest resource of independent energy experts and certification body, has been contracted by Transmission System Operator TenneT to deliver the complete project certification for two offshore substations (OSS) for the Hollandse Kust Zuid offshore wind farms in the Dutch North Sea. The reliability of renewable sources is increasingly important as the […]

Total increases its share in the Danish Underground Consortium

Total increases its share in the Danish Underground Consortium

September 25, 2018 No Comments

Total has agreed to purchase from Chevron all the share capital of Chevron Denmark Inc. which holds a 12% interest in the Danish Underground Consortium (DUC), a 12% interest in Licence 8/06, and a 7.5% interest in the Tyra West pipeline. The transaction remains subject to approval of partners and the relevant authorities. The acquisition […]

Page 1 of 2712345»1020...Last »