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.
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.
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).
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.
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.
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.
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.
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.
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.
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.