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.
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.
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.
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.
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.
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.
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.
Exploration & Production
CNOOC: North Sea Buzzard Oil Field Restarts
Pipework at the field had interrupted output since Oct. 16.
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.
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.