North Sea

Deepwater , Digital Oilfield

Chevron Fires Warning To Oil, Gas Independents

Speaking at Offshore Europe, John O’Brien, deepwater focus manager at Chevron, explained how a change in attitude and the adoption of digital technologies is allowing oil and gas majors to become nimbler and less averse to risk.

September 12, 2019

People

In Memoriam: The Life, Career Of T. Boone Pickens

The longtime oilman, philanthropist, corporate raider and hedge fund owner founded the Pickens Plan for U.S. energy independence and clean energy.

September 11, 2019

Digital Oilfield

Flylogix, Total Launch North Sea Drone Initiative

Flylogix Ltd., the Beyond the Horizon unmanned aircraft company, has launched a North Sea drone initiative in collaboration with oil and gas multinational Total SA, NATS, the U.K.’s leading provider of air traffic navigation services, and the Oil & Gas Technology Centre (OGTC).

September 9, 2019

Field Development

Equinor Sees Johan Sverdrup Oil Field Output Rising To 660,000 Barrels Per Day By 2022

Output from the field will start up in October and the company is in the process of issuing a sales tender for crude from the field this week, a senior executive for the company said.

September 9, 2019

Exploration & Production , Acquisitions & Divestitures

Exxon Mobil Confirms Exclusivity Deal For Norwegian Upstream Sale

Reuters reported on Sept. 5 that Exxon Mobil had agreed to sell its stakes in around 20 partner-operated fields, two years after selling its operated assets, for up to $4 billion.

September 6, 2019

Public Capital , Field Development

Equinor Plans Early Sverdrup Start-up, $5 Billion Share Buyback

The field’s first phase is projected to reach a peak output of 440,000 barrels per day (bbl/d) of oil in summer 2020.

September 5, 2019

Exploration & Production , Lease Sales

Norway Says 33 Oil Firms Seek Exploration Blocks In Mature Areas

Bidders included oil majors Royal Dutch Shell, ConocoPhillips and Total. Equinor, Aker BP, Lundin Petroleum, DNO and Eni’s Vaar Energi were also on the list.

September 4, 2019

Exploration & Production

Total Could Invest Up To $10 Billion In North Sea Over Five Years

As part of its efforts to cut costs the company had looked at joint oil and gas infrastructure decommissioning in the region with peers Royal Dutch Shell and BP, Pouyanne said during an industry conference in Aberdeen, Scotland.

September 3, 2019

Field Development

Norway Grants Equinor Permission To Start Sverdrup Oil Field In Autumn

Production is expected to hit 440,000 bbl/d in the summer of 2020 and should rise further to 660,000 bbl/d once the second phase comes on stream in late 2022, Equinor has said.

September 3, 2019

Field Development , Digital Oilfield

Equinor Turns Digital Hype Into Reality At North Sea Field

The continuous stream of data from wells in the North Sea’s Johan Sverdrup Field will be the equivalent of streaming 18,000 Netflix movies at the same time, Equinor executive says.

August 28, 2019