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Equinor reports Echino South oil and gas discovery near Fram field

Equinor reports Echino South oil and gas discovery near Fram field

Echino South oil and gas discovery : Equinor and its partners, through the drilling of the 35/11-23 exploration well at the Echino South prospect have pulled off an oil and gas discovery near the producing Fram field operated by the company in the northern part of the North Sea, offshore Norway. The Norwegian oil and […]

Vår Energi to acquire ExxonMobil’s Norwegian upstream assets

Vår Energi to acquire ExxonMobil’s Norwegian upstream assets

Norwegian oil and gas company Vår Energi has signed a $4.5 billion deal to acquire the non-operated upstream assets of ExxonMobil in the North Sea and the Norwegian Sea. The acquisition will give Vår Energi access to 20 plus producing fields offshore Norway, which including Grane, Snorre, Fram, Ormen Lange, and Statfjord among others. Put […]

New York sues ExxonMobil over alleged climate change risk fraud

New York sues ExxonMobil over alleged climate change risk fraud

New York’s attorney general has filed a lawsuit against ExxonMobil, accusing the oil and gas producer of misleading investors about the risks of climate change regulations to its business. The attorney general alleged that ExxonMobil defrauded investors by misleading them into believing that it accounted for the financial risks associated with the stringent regulations over […]