North Sea

Field Development , Lease Sales

Norway Offers Additional Blocks for Offshore Oil Exploration in Already Opened Areas

The so-called awards in pre-defined areas are for zones offshore Norway already open to oil and gas companies, in the North Sea, Norwegian Sea and Barents Sea.

June 19, 2020

Acquisitions & Divestitures , Trends

Energy A&D Transactions from the Week of June 17, 2020

Here’s a snapshot of recent energy deals including an acquisition by Northern Oil and Gas of core Williston Basin acreage operated by WPX Energy plus the sale of ORRI by Antero Resources.

June 17, 2020

Field Development

Wintershall Noordzee Starts Production at New Gas Well in North Sea

Wintershall Noordzee, a joint venture of Wintershall Dea and Gazprom EP, began drilling the well in February.

June 16, 2020

Digital Oilfield , Logistics , Subsea

Galvanizing Technology for Crisis Recovery in Oil Sector

When the oil and gas industry is faced with a collective crisis, demand for new solutions and ways of working increase as challenges are grappled with. Crisis is the mother of invention, after all.

June 11, 2020

Public Capital , Exploration & Production , Acquisitions & Divestitures

Shell Launches Multimillion-dollar Sale of Norwegian Assets

Shell has launched the sale of its stakes in two oil fields and two pipelines in Norway with expected proceeds between $50 million and $100 million, according to a sales document seen by Reuters.

June 11, 2020

Field Development

Aker BP, Equinor Agree on Development Plan for North Sea Field Area

The companies, which have long been gridlocked over the development concept, did not give a start date for production nor an estimate for the cost of developing the field.

June 11, 2020

Acquisitions & Divestitures , Trends

Energy A&D Transactions from the Week of June 10, 2020

Here’s a snapshot of recent energy deals including the closing of Apergy’s multibillion-dollar merger with Ecolab’s upstream business to form ChampionX.

June 10, 2020

Field Development

Aker BP, Equinor Approve Investments after Norway Tax Incentive

The decision follows an agreement between the ruling minority government and the main opposition parties June 8 to grant more tax incentives for the oil industry.

June 9, 2020

People , Exploration & Production

Hurricane Energy CEO Trice Resigns as Group Struggles with Output

Robert Trice, the CEO of North Sea oil producer Hurricane Energy, resigned, the group said on June 8 after it had to give up its ambition to sustainably produce around 20,000 barrels per day (bbl/d) and shut one of its pilot wells.

June 8, 2020

Public Capital , Investment , Emissions , Renewables , Acquisitions & Divestitures

Total Acquires Stake in $3.7 Billion Offshore Wind Farm Project

The French energy giant will acquire a 51% stake in the Seagreen 1 project, which, once completed, will be Scotland’s largest offshore wind farm.

June 3, 2020