Eni, one of Italy's biggest energy companies, will transfer its U.K. business in exchange for 38.5% of Ithaca's share capital, while the existing Ithaca Energy shareholders will own the remaining 61.5% of the combined group.
AKER BP’s project marks the first time subsea production systems have been reused on the Norwegian Continental Shelf.
Vår Energi’s North Sea discovery de-risks drilling prospects in the area and could be tied back to Balder area infrastructure.
EnQuest has struggled in recent years with high debt levels and a drop in profits after Britain imposed a 35% windfall tax on North Sea producers.
Here’s a roundup of the latest E&P headlines, including an ultra-deepwater discovery and new contract awards.
OKEA expects first production in 2027 and has signed contracts with Aker Solutions, Subsea7 and OneSubsea.
Here’s a roundup of the latest E&P headlines, including new contract awards.
Here’s a roundup of the latest E&P headlines, including a FEED planned for Venus and new contract awards.
Equinor proves Heisenberg in the North Sea holds 25 MMboe to 56 MMboe, and studies are underway for a potential fast-track tieback development.
Here’s a roundup of the latest E&P headlines, including a new discovery and offshore contract awards.