North Sea

Field Development , Liquefied Natural Gas (LNG) , Midstream

Norway’s Hammerfest LNG Plant Extends Outage Another Week

Europe’s only large-scale LNG plant, at Melkoeya island just outside the Arctic town of Hammerfest, can process 18 million cubic meters of gas per day when fully operational.

May 16, 2022

Exploration & Production , Subsea

Decommissioning: Taking a Cleaner, Greener Approach to Subsea Retrieval

DOF Subsea is on the case with an impressive 99% recycling and reuse rate in North Sea decommissioning project

May 12, 2022

Investment , Policy & Regulations , Energy Transition

Norway to Ramp Up Offshore Wind in Drive to Go Green

A wide range of utilities, oil and gas firms and engineering companies have lined up to develop offshore power projects in Norway, including Equinor, Shell, BP, Ørsted and Eni.

May 11, 2022

Exploration & Production , Acquisitions & Divestitures

Equinor Sells Stakes in 2 Norway Fields for $1 Billion Cash

“The agreement includes a cash consideration of $1 billion and a contingent payment structure linked to realized oil and gas prices for both assets for 2022 and 2023,” Equinor said in a statement.

May 10, 2022

Field Development

ConocoPhillips Plans $1.1 Billion Investment as Norway Oil Sector Heats Up

Known as Eldfisk North, the development is part of the wider Ekofisk area in the Norwegian North Sea, where ConocoPhillips has pumped hydrocarbons for more than 50 years. The U.S. operator said the new reserves are expected to come onstream in 2024.

May 9, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of May 4, 2022

Here’s a snapshot of recent energy deals including HighPeak Energy’s acquisition of Hannathon Permian properties for about $373.4 million plus Chevron’s agreement to acquire a stake in Talos Energy’s proposed Texas carbon capture plant.

May 4, 2022

Business , Exploration & Production , Policy & Regulations

UK Asks North Sea Oil Sector to Set Out Plan to Reinvest Profits

Earlier in April, the government set out plans to scale up domestic sources of affordable, clean and secure energy and a new licensing round for North Sea oil and gas.

May 2, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of April 27, 2022

Here’s a snapshot of recent energy deals including the closing of Targa’s $200 million acquisition of Southcross Energy plus Diversified Energy’s East Texas expansion.

April 27, 2022

Exploration & Production

Harbour Energy Starts Production at Tolmount Gas Field in North Sea

Harbour Energy took ownership of the Tolmount gas field as part of its takeover of North Sea rival Premier Oil last year.

April 25, 2022

Trends

Energy A&D Transactions from the Week of April 20, 2022

Here’s a snapshot of recent energy deals including SilverBow’s latest Eagle Ford expansion in two transactions worth up to $440 million that includes the acquisition of Sundance Energy.

April 20, 2022