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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 […]

Aker Solutions wins $175m contract extension for Aker BP’s Norwegian fields

Aker Solutions wins $175m contract extension for Aker BP’s Norwegian fields

Aker Solutions has been awarded a contract extension from Aker BP for two years worth NOK1.7 billion ($175.65 million) to provide maintenance and modifications for the latter’s Ula, Skarv, Valhall, and Tambar fields offshore Norway. The Norwegian engineering company said that the work under the contract will begin from December 2020 and follows the existing […]

PGNiG completes Gina Krog and Alve Nord deal with Aker BP

PGNiG completes Gina Krog and Alve Nord deal with Aker BP

Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) said that its subsidiary PGNiG Upstream Norway has wrapped up a previously announced transaction to acquire stakes in the producing Gina Krog field and the undeveloped Alve Nord field, both located offshore Norway, from Aker BP. For the Polish state-controlled oil and gas company, the closing of the deal […]

Ærfugl project phase 2 : Aker Solutions bags contract for subsea production system

Ærfugl project phase 2 : Aker Solutions bags contract for subsea production system

Ærfugl project phase 2 : Aker Solutions has bagged a contract worth around NOK 700 million ($76.95 million) from Aker BP for the supply of the subsea production system for the Ærfugl project (formerly Snadd field development) in the Norwegian Sea. The subsea delivery for the Norwegian oil project includes wellheads, vertical subsea trees, control […]

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 […]

Ærfugl project : Aker BP and partners to proceed with phase 2 development

Ærfugl project : Aker BP and partners to proceed with phase 2 development

Aker BP and its partners will move ahead with the second phase of the NOK 8 billion ($880 million) Ærfugl project (formerly Snadd field development) in the Norwegian Sea, three years ahead of the original start-up plan of 2023. The Ærfugl field is located in the northern part of the Norwegian Sea, just west of […]

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 […]

Trestakk field starts oil production from Åsgard A platform

Trestakk field starts oil production from Åsgard A platform

Equinor Energy, ExxonMobil and Vår Energi have announced the start of production from the Trestakk field in the Norwegian Sea, on time, and without any serious incidents. The Trestakk oil and gas field, which is located on Haltenbanken Norwegian Sea in a depth of around 3,900 metres, is tied back to the Åsgard A floating […]