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TGS proposes to acquire PGS multi-client data library for $600m

TGS proposes to acquire PGS multi-client data library for $600m

TGS-NOPEC Geophysical (TGS), a Norwegian geoscience data provider, has submitted a conditional offer to acquire the multi-client data library of its rival Petroleum Geo-Services (PGS) for $600 million. Additionally, TGS has proposed to enter into a post-closing collaboration agreement with PGS for the latter’s multi-client projects. This would also cover certain preferential rights for PGS […]

Spirit Energy encounters dry well in PL 780 near Aasen field in North Sea

Spirit Energy encounters dry well in PL 780 near Aasen field in North Sea

Spirit Energy Norway has failed to find any hydrocarbons in production licence 780 (PL 780), 5km north of the Ivar Aasen field in the Norwegian North Sea, following the drilling of wildcat well 16/1-33 S. The operator of the PL 780 licence drilled the wildcat well 16/1-33 S with the Leiv Eiriksson drilling facility in […]

Dugong oil discovery has 40-120mboe estimated reserves, says Neptune Energy

Dugong oil discovery has 40-120mboe estimated reserves, says Neptune Energy

Neptune Energy said that the Dugong oil discovery in the Norwegian North Sea announced last month is of commercial significance with estimated reserves of  6.3-19.0 million standard cubic meters (MSm3) of recoverable oil equivalent, or 40-120 million barrels of oil equivalent (boe). The company, which is the operator of the Dugong licence in PL882 with […]

Tambar field : Maersk Integrator jack-up rig to drill K-2B development well

Tambar field : Maersk Integrator jack-up rig to drill K-2B development well

Maersk Drilling has bagged an additional one-well contract worth around $18.5 million for its Maersk Integrator jack-up rig from Aker BP, the operator of the Tambar field offshore Norway. The Danish drilling rig operator said that in direct continuation of its present work scope, the Maersk Integrator rig will move to the Tambar field to […]

Norwegian firms Aker Solutions and Kværner announce merger plans

Norwegian firms Aker Solutions and Kværner announce merger plans

Aker Solutions, Kværner merger : Norwegian oilfield service companies Aker Solutions and Kværner are considering a merger of equals to create an optimized supplier company. In this connection, the parties have entered into a merger plan. The combined entity, which will operate as Aker Solutions, is expected to gain a stronger position as an execution […]

Equinor makes minor oil discovery in PL 089 near Vigdis field in North Sea

Equinor makes minor oil discovery in PL 089 near Vigdis field in North Sea

Equinor Energy has made a minor oil discovery in production licence 089 (PL 089) through the drilling of the 34/7-E-4 AH wildcat well near the Vigdis field in the Norwegian North Sea. The goal of the 34/7-E-4 AH exploratory well was to determine the presence of hydrocarbons in reservoir rocks from the Middle Jurassic Age […]

Equinor reports gas and condensate discovery in PL 878 near Kvitebjørn field

Equinor reports gas and condensate discovery in PL 878 near Kvitebjørn field

Equinor and its partners have made a gas and condensate discovery near the Kvitebjørn field in production licence 878 (PL 878) in the Norwegian North Sea through the drilling of the exploration well 30/2-5 S Atlantis. The new gas and condensate discovery has been made 17 south of the Kvitebjørn field and 10 kilometres north […]

Oseberg oil field : Aibel wins contract from Equinor for modification tasks

Oseberg oil field : Aibel wins contract from Equinor for modification tasks

Aibel has bagged a portfolio agreement from Equinor for carrying out modification tasks on the Oseberg oil field in the North Sea. The Norwegian oil industry company said that the first call-off of the agreement is for undertaking front-end engineering and design (FEED) of Oseberg Gas Capacity Upgrade and Power from Shore (OGP). According to […]

Neptune Energy and partners make Dugong discovery in Norwegian North Sea

Neptune Energy and partners make Dugong discovery in Norwegian North Sea

Dugong discovery : Neptune Energy and its partners have made a hydrocarbon discovery in PL 882 license offshore Norway following the drilling of the Dugong well in the North Sea. The company said that upon entering the reservoir, logs and cuttings identified hydrocarbons and a decision has been made by the partners to initiate coring. Neptune […]

Hod Field Development Project : Subsea 7 wins contract from Aker BP

Hod Field Development Project : Subsea 7 wins contract from Aker BP

Subsea 7 has won a contract from Aker BP pertaining to the Hod Field Development Project, located 12 km from the Valhall area in the southern North Sea. The contract is in the range of $50 million and $150 million, said the UK-based subsea engineering company. The re-development concept of the Hod Field includes a […]

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