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Vår Energi wraps up $4.5bn acquisition of ExxonMobil’s Norwegian upstream assets

Vår Energi wraps up $4.5bn acquisition of ExxonMobil’s Norwegian upstream assets

Vår Energi celebrated its first anniversary by wrapping up its previously announced $4.5 billion acquisition of the non-operated upstream assets of ExxonMobil in the Norwegian North Sea and the Norwegian Sea. The Norwegian oil and gas company, which is owned by Eni (69.6%) and HitecVision (30.4%), has doubled its production from the Norwegian Continental Shelf […]

Tor field : ConocoPhillips gets PSA nod for production drilling

Tor field : ConocoPhillips gets PSA nod for production drilling

Norway’s Petroleum Safety Authority (PSA) has granted consent to ConocoPhillips to use the West Linus jack-up rig for production drilling on the Tor field located in the Norwegian sector in the North Sea. The PSA consent allows for the drilling and completion of eight production wells as part of the new development of the Tor […]

Wintershall Dea Norge makes minor oil discovery in North Sea at PL 896

Wintershall Dea Norge makes minor oil discovery in North Sea at PL 896

Wintershall Dea Norge, has made a minor oil discovery in the northern part of the Norwegian Sea, offshore Norway, following the drilling of exploratory well 6611/1-1 in production licence 896. As per preliminary estimates, the size of the new oil discovery in the North Sea is not commercially viable as it has less than a […]

ConocoPhillips Skandinavia gets PSA consent for drilling in North Sea

ConocoPhillips Skandinavia gets PSA consent for drilling in North Sea

Norway’s Petroleum Safety Authority (PSA) has granted consent for ConocoPhillips Skandinavia to undertake exploration drilling in Block 25/7 in the Norwegian part of the North Sea. With the approval, ConocoPhillips Skandinavia can now move ahead with the drilling of Well 25/7-9 S in production licence PL 917 where it will evaluate the Hasselbaink prospect. Well […]

Maersk Interceptor to drill exploratory well on PL617, offshore Norway

Maersk Interceptor to drill exploratory well on PL617, offshore Norway

Danish drilling rig operator Maersk Drilling has bagged a drilling contract worth $16.5 million for its Maersk Interceptor jackup drilling rig from MOL Norge for the drilling of an exploration well on PL617 in the Southern North Sea in Norwegian waters. MOL Norge is the operator of PL617 where it is partnered by Wintershall Dea and […]

Aker BP makes oil discovery in PL 019 C near Gyda oil field, North Sea

Aker BP makes oil discovery in PL 019 C near Gyda oil field, North Sea

Aker BP has made a minor oil discovery near the producing Repsol Norge-operated Gyda oil field in the southern part of the Norwegian North Sea through the drilling of wildcat well 2/1-17 S in production licence 019 C (PL 019 C). However, the latest oil discovery in the North Sea has been assessed to be […]

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 […]

Fluor’s Stork unit bags crew services contract from EnQuest in North Sea

Fluor’s Stork unit bags crew services contract from EnQuest in North Sea

Fluor Corporation revealed that Stork, a part of its diversified services segment, had bagged a five-year contract from EnQuest for multi-skilled deck crew services for its oil and gas assets in the northern and central North Sea, offshore UK. According to Fluor, the multi-skilled crew of Stork will deliver services for the Heather, Magnus, and […]

Johan Sverdrup project in North Sea begins production

Johan Sverdrup project in North Sea begins production

Johan Sverdrup phase 1 : The first phase of the NOK 124 billion ($13.6 billion) Johan Sverdrup project in the Norwegian North Sea has produced its first oil, said operator Equinor and its partners. Equinor, which is partnered by Lundin Petroleum, Petoro, Aker BP, and Total E&P Norge, expects to draw 440,000 barrels of oil […]

Subsea 7 wins contract for Shell’s Pierce Depressurisation Project

Subsea 7 wins contract for Shell’s Pierce Depressurisation Project

Subsea 7 has bagged a contract from Royal Dutch Shell for the Pierce Depressurisation Project at the Pierce Field in the North Sea, located nearly 160 miles offshore, east of Aberdeen in Scotland. The contract price is in the range of $50-150 million, said the UK-based subsea engineering, construction, and services company. Under the Pierce […]

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