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.
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.
Kongsberg Digital expects its Dynamic Digital Twin technology to drive down costs and improve efficiencies for an oil major in the Norwegian North Sea.
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.
A digitally enabled floating production buoy concept provides opportunities to exploit marginal fields in the U.K. North Sea and farther afield.
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.
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.