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R Cluster gas project : Reliance and BP begin production from Indian gas field

R Cluster gas project : Reliance and BP begin production from Indian gas field

Indian conglomerate Reliance Industries Limited (RIL) and its partner BP have started production from the R Cluster gas project in the Krishna-Godavari Basin, offshore India. The ultra-deep-water gas project is among the three gas projects the partners are developing in the KG D6 block with a total investment of INR 350 billion ($4.75 billion). The […]

Hilcorp Energy wraps up $5.6bn acquisition of BP’s Alaska operations

Hilcorp Energy wraps up $5.6bn acquisition of BP’s Alaska operations

Hilcorp Energy has wrapped up the previously announced $5.6 billion acquisition of BP’s upstream and midstream operations in Alaska. Harvest Alaska, a midstream services provider and an affiliate of Hilcorp Energy, secured approval from the Regulatory Commission of Alaska last week for acquiring BP’s 49% stake in the 800 miles long Trans-Alaska Pipeline System (TAPS) […]

Gråsel oil field : Aker BP and partners to invest $140m to develop Norwegian Sea discovery in 2021

Gråsel oil field : Aker BP and partners to invest $140m to develop Norwegian Sea discovery in 2021

Aker BP and its partners in the Skarv Ara in the Norwegian Sea have decided to develop the Gråsel oil field next year having approved a final investment decision. The development of the Gråsel discovery is expected to involve an investment of around NOK 1.2 billion ($140.4 million). Gråsel was discovered in 1998. Aker BP’s […]

OKEA to acquire Repsol’s stake in Vette oil discovery and PL 972

OKEA to acquire Repsol’s stake in Vette oil discovery and PL 972

Norway-based OKEA has agreed to acquire Repsol Norge’s 40% operated working interest in the in the Norwegian North Sea’s PL 972, which includes the Vette oil discovery, for an undisclosed price. The Vette oil discovery contained in Block 17/12 is located at a water depth of nearly 110 metres in the south-eastern part of the […]

Zephyr Energy spuds State 16-2 well in Paradox Basin, Utah

Zephyr Energy spuds State 16-2 well in Paradox Basin, Utah

UK-based oil and gas company Zephyr Energy has started drilling of the State 16-2 well in the Paradox Basin in Utah using the Cyclone rig. The primary goals of the well are to drill a mildly deviated well to an approximate true vertical depth (TVD) of 9,815 feet. This is to enable Zephyr Energy to […]

Northern Lights CCS project gets approval from Norwegian government

Northern Lights CCS project gets approval from Norwegian government

The Norwegian government has approved the Northern Lights CCS project, a CO2 transport and storage project being taken up by Equinor and its partners on the Norwegian Continental Shelf (NCS). The Northern Lights CO2 transport and storage project also secured funding commitment from the Norwegian government. Northern Lights will enable the transport of CO2 from […]

Snorre Expansion Project : Equinor begins production from oil recovery project

Snorre Expansion Project : Equinor begins production from oil recovery project

Equinor has started production from the NOK 19 billion ($2.17 billion) Snorre Expansion Project in the Norwegian North Sea, ahead of schedule. Originally, the increased oil recovery project at the Snorre field was to come on stream in the first quarter of next year. Commenting on the commissioning of the Snorre Expansion Project, Geir Tungesvik […]

Kristin Sør project : Aker Solutions wins subsea contract from Equinor

Kristin Sør project : Aker Solutions wins subsea contract from Equinor

Aker Solutions has won a subsea contract worth around NOK 1 billion ($113.4 million) from Equinor for a subsea production system to be installed at the Kristin Sør project in the North Sea. The contract comes with options for some additional work, said Aker Solutions. According to the Norwegian engineering company, the plan is to […]

Trion oil field : McDermott wins contract for pre-FEED extension phase for FPU

Trion oil field : McDermott wins contract for pre-FEED extension phase for FPU

McDermott International has won a contract from BHP Petróleo Operaciones de México to carry out the preliminary front-end engineering design (pre-FEED) extension phase for a floating production unit (FPU) to be installed at the Trion oil field in the Mexican Gulf of Mexico. The Trion field FPU will be installed in a water depth of […]

Equinor acquires 49% stake in Russian onshore oil producer KrasGeoNaC

Equinor acquires 49% stake in Russian onshore oil producer KrasGeoNaC

Equinor has completed its $550 million acquisition of a 49% stake in KrasGeoNaC (KGN) from Rosneft in a move that boosts its onshore presence in Russia. KrasGeoNaC holds a dozen conventional onshore exploration and production licenses located across Eastern Siberia. As part of the deal, Equinor said that it has redirected its remaining offshore exploration […]

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