North Sea

Exploration & Production

Norway’s December Oil Output Hits 9-year High

Output from the giant Johan Sverdrup, which came onstream in late October, helped lift Norway’s December crude output by 4.3% from November and 17% year-on-year.

January 17, 2020

Trends

Energy A&D Transactions From The Week Of Jan. 15, 2020

Here’s a snapshot of energy deals from the past week including Kimbell’s acquisition of NGP-backed Springbok plus the closing of Parsley’s multibillion-dollar merger with Jagged Peak.

January 15, 2020

Discoveries

ConocoPhillips Hits Oil, Gas In North Sea

Drilled by the Leiv Eirkisson drilling rig about 10 km (6 miles) northwest of the Balder Field, wildcat well 25/7-8 S hit several oil- and gas-bearing intervals, the Norwegian Petroleum Directorate says.

January 14, 2020

Exploration & Production

Norway Sees Rapid Growth In Oil Output From 30-year Lows

Norway’s oil output will grow by 43% from 2019 to 2024 as new fields come onstream and older production facilities are upgraded, forecasts from the Norwegian Petroleum Directorate showed on Jan. 9.

January 9, 2020

Digital Oilfield

Interview: Driving Energy Innovation With Digital Twins

Kongsberg Digital expects its Dynamic Digital Twin technology to drive down costs and improve efficiencies for an oil major in the Norwegian North Sea.

January 9, 2020

Trends

A&D Transactions From The Week Of Jan. 8, 2020

Here’s a snapshot of recent energy deals including the sale of Shell’s remaining Haynesville position plus the closing of Callon’s $2.7 billion merger with Carrizo Oil & Gas.

January 8, 2020

Public Capital , Exploration & Production , Acquisitions & Divestitures

Premier Oil In $816 Million North Sea Buying Spree

Premier Oil said the North Sea deals with BP and Dana Petroleum would generate more than $1 billion in free cash flow by the end of 2023 and push its output.

January 7, 2020

Exploration & Production , Technology , Digital Oilfield

Unlocking Stranded Reserves With Unattended Installations

A digitally enabled floating production buoy concept provides opportunities to exploit marginal fields in the U.K. North Sea and farther afield.

January 6, 2020

Service Contracts

Sembcorp Marine Bags Two Offshore Platform Projects Valued Over S550 million

Sembcorp Marine will team up with North Oil Company (NOC) to fabricate two wellhead platforms for the NOC-operated Al Shaheen oil field, which will be bridge-linked to the field’s existing facilities.

December 26, 2019

Field Development

Norway’s Aker BP Starts Production At Valhall Flank West

The 5.5 billion crowns (US$600.38 million) development aims to produce about 60 million barrels of oil equivalent at a break-even price of $28.50 per barrel, Aker BP said.

December 17, 2019