Tag Archive

Vår Energi AS (Eni 69.6%)  awarded 13 licenses in Norway

Vår Energi AS (Eni 69.6%) awarded 13 licenses in Norway

January 21, 2019 No Comments

Eni through Vår Energi, jointly owned by Eni (69.6%) and by HitecVision (30.4%), has been awarded a total of 13 licenses in the Awards in Predefined Areas 2018 (APA) by the Ministry of Petroleum and Energy of Norway (MPE). The company has been granted the following 4 operatorships and 9 partnerships in licenses covering all […]

DEA awarded nine new licences in Norway

DEA awarded nine new licences in Norway

January 15, 2019 No Comments

The Norwegian Ministry of Petroleum and Energy has awarded nine new licenses on the Norwegian Continental Shelf (NCS) to DEA in this year’s Awards in Predefined Areas (APA). Four of the awarded licences are located in the Norwegian Sea, three in the North Sea and two in the Barents Sea. DEA will be operator in […]

DNO’s Offer substantially undervalues Faroe by 48 per cent

DNO’s Offer substantially undervalues Faroe by 48 per cent

January 2, 2019 No Comments

Independent expert’s asset valuation highlights the inadequacy of DNO’s Offer The Board of Faroe (the “Board”, “we”) announces that it is today publishing an independent current valuation report on Faroe’s assets which implies a valuation for Faroe in the range of 186p to 225p per share1. This independent valuation report clearly highlights the inadequacy of […]

Faroe Announce Results of Brasse East Exploration well

Faroe Announce Results of Brasse East Exploration well

January 2, 2019 No Comments

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announces the results of the Brasse East exploration well 31/7-3 S and the Brasse appraisal sidetrack 31/7-3 A in the northern North Sea (Faroe 50% working interest and operator). The Brasse East exploration well […]

Petrofac Announce Trading update

Petrofac Announce Trading update

December 19, 2018 No Comments

Petrofac issues the following pre-close trading update ahead of the announcement of its full year results for year ending 31 December 2018 on 28 February 2019. Trading in line with expectations New order intake(1) of US$5.0 billion in the year to date Net debt is expected to be around US$250 million at 31 December 2018 […]

Petrofac awarded Ithaca construction and commissioning contract

Petrofac awarded Ithaca construction and commissioning contract

December 19, 2018 No Comments

Petrofac’s Engineering and Production Services (EPS) business has secured a construction and commissioning contract with Ithaca Energy (UK) Limited (Ithaca) valued in the region of US$10 million. Under the terms of this reimbursable contract, Petrofac will be responsible for the topsides construction and commissioning works that are to be undertaken on the Ithaca-operated FPF-1 floating […]

Eni merger creates Vår Energi

Eni merger creates Vår Energi

December 12, 2018 No Comments

Eni announces the completion of the merger of Point Resources AS and Eni Norge AS – an associate of Eni S.p.A. – resulting in the creation of Vår Energi, an independent leader in the exploration and production of hydrocarbons in Norway. The merger took place after the pending conditions were met, among them having secured […]

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 […]

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