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Breidablikk oil project : Equinor and partners to move ahead with $2bn field development

Breidablikk oil project : Equinor and partners to move ahead with $2bn field development

Breidablikk oil project : Equinor and its partners Petoro, ConocoPhillips Skandinavia, and Vår Energi have approved the development of the Breidablikk oil field in the Norwegian North Sea with an investment of NOK 18.6 billion ($1.96 billion). The partners will submit the plan for development and operation of the Breidablikk field to the Norwegian Minister […]

Wood bags $84m EPCI contract from Equinor for Breidablikk development

Wood bags $84m EPCI contract from Equinor for Breidablikk development

British energy services company Wood has bagged an engineering, procurement, construction, and installation (EPCI) services contract worth $84 million from Equinor in the Norwegian North Sea. As per the terms of the contract, Wood will supply all topside modifications at Equinor’s Grane platform, which will be prepared to enable the tie-back of the Breidablikk subsea […]

PGNiG to acquire Shell’s stakes in Kvitebjørn and Valemon fields

PGNiG to acquire Shell’s stakes in Kvitebjørn and Valemon fields

PGNiG Upstream Norway has agreed to acquire the stakes of Norske Shell in the producing Kvitebjørn and Valemon fields in the Norwegian North Sea. Norske Shell is a subsidiary of Royal Dutch Shell, while PGNiG Upstream Norway is a subsidiary of Polish state-controlled oil and gas company PGNiG. The financial terms of the deal were […]

Wellesley Petroleum fails to find hydrocarbons with 6204/11-3 well in PL 829

Wellesley Petroleum fails to find hydrocarbons with 6204/11-3 well in PL 829

Wellesley Petroleum has failed to find any hydrocarbons following the drilling of exploratory well 6204/11-3 in production licence 829 (PL 829) in the Norwegian North Sea. The wild cat well was spudded by the PL 829 operator nearly 75 kilometres north of the Gjøa field and 60 kilometres northwest of the Norwegian town of Florø. […]

Kollsnes gas processing plant : Equinor awards EPCI contract for MEG Upgrade project to Wood

Kollsnes gas processing plant : Equinor awards EPCI contract for MEG Upgrade project to Wood

Equinor said that it has given a NOK400 million worth ($42 million) engineering, procurement, construction, and installation (EPCI) contract to Wood for the MEG Upgrade project at the Kollsnes gas processing plant in Norway, on behalf of the operator Gassco. As per the EPCI contract, Wood will upgrade the mono-ethylene glycol (MEG) regeneration handling capacity […]

Neptune Energy gets NPD nod for drilling 6406/12-G-1 H well in PL 586

Neptune Energy gets NPD nod for drilling 6406/12-G-1 H well in PL 586

Neptune Energy has been granted a drilling permit from the Norwegian Petroleum Directorate (NPD) for drilling well 6406/12-G-1 H in production licence 586 (PL 586) in the Norwegian Sea. The wildcat well will be drilled by using the West Phoenix drilling facility once it wraps up the drilling of observation well 6406/12-H-4 for Neptune Energy […]

Valemon field : Equinor to use Noble Lloyd Noble rig for drilling three wells

Valemon field : Equinor to use Noble Lloyd Noble rig for drilling three wells

Norwegian oil and gas giant Equinor has awarded a contract worth around $51 million to Noble Drilling Norway for the use of its Noble Lloyd Noble drilling rig for a three-well campaign at the Valemon field in the Norwegian North Sea. The contract for which work will begin from 2021 summer includes an option for […]

Maersk Drilling bags new contract for Maersk Integrator rig from Aker BP

Maersk Drilling bags new contract for Maersk Integrator rig from Aker BP

Danish drilling rig operator Maersk Drilling has bagged an additional one-well contract worth around $21.6 million from Aker BP for deploying its low-emission Maersk Integrator jack-up rig at the Ula field in Norwegian waters. The Maersk Integrator rig will undertake the drilling of the Ula F – Producer 1 well under the contract, which has […]

PGS turns down TGS offer for acquisition of multi-client data library

PGS turns down TGS offer for acquisition of multi-client data library

Petroleum Geo-Services (PGS) has rejected the proposal from its rival Norwegian geoscience data provider TGS-NOPEC Geophysical (TGS) of acquiring its multi-client data library for $600 million citing that the consideration is less. The Norwegian surveying services company said that after reviewing and evaluating the “unsolicited”, conditional and non-binding proposal from TGS, its board has concluded […]

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 […]

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