North Sea

Seismic

CGG To Deliver Largest OBN Multiclient Survey In UK North Sea

Planned to start in early 2020, the survey has already received significant industry interest and is being prefunded in part by BP. First results are targeted for first-quarter 2021.

November 19, 2019

Field Development

Norway Approves ConocoPhillips’ Tor II Field Development Plan

Production is expected to start in fourth-quarter 2020, the oil and energy ministry said Nov. 14.

November 14, 2019

Trends

A&D Transactions From The Week Of Nov. 13, 2019

Here’s a snapshot of energy deals from the past week including Equinor’s sale in the Eagle Ford to Repsol plus nearly $300 million worth of shale acquisitions by Marathon Oil.

November 13, 2019

Exploration & Production , Acquisitions & Divestitures

Israel's Delek Completes $2 Billion Purchase Of Chevron's North Sea Fields

Israel's Delek Group said on Nov. 10 its Ithaca subsidiary, which it plans to spin off via a London listing, completed a deal to buy most of Chevron's British North Sea oil and gas fields for $2 billion.

November 10, 2019

Discoveries

Equinor Makes Norway Oil, Gas Find Of Up To 100 Million Barrels

Recoverable resources are estimated at between 38 million and 100 million barrels of oil equivalent, adding considerably to the area’s resource base, the company said.

November 6, 2019

Exploration & Production , Deepwater , Technology , Pressure Pumping , Subsea

Subsea Compression: Developing Solutions To Keep Gas Flowing

As oil and gas fields become depleted, energy companies are looking at how they can extend the life of operating fields, unlocking low-pressure reserves from reservoirs to maintain plateau production rates.

November 1, 2019

Discoveries

i3 Energy Makes 200 Million Barrel UK North Sea Oil Discovery

The company discovered oil at its Serenity prospect in the British North Sea.

October 29, 2019

Exploration & Production

CNOOC: North Sea Buzzard Oil Field Restarts

Pipework at the field had interrupted output since Oct. 16.

October 25, 2019

Exploration & Production , Transactions

KNOC Scales Back North Sea Sale Process

Heavily indebted KNOC earlier this year tried to sell a 49% stake in its North Sea subsidiary Dana Petroleum but could not find a suitable buyer, sources said.

October 24, 2019

Deepwater

US Grants Two-Year Waiver To North Sea Field Partly Owned By Iran

The U.S. Treasury extended a licence for Serica Energy to operate the Rhum field in the North Sea which is 50% owned by Iran's national oil company, energy producer Serica said on Oct. 24.

October 24, 2019